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This article was published on April 15, 2014

Etsy to launch its wholesale platform this summer, will take a 3.5% commission for each order

Etsy to launch its wholesale platform this summer, will take a 3.5% commission for each order
Nick Summers
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Nick Summers

Nick Summers is a technology journalist for The Next Web. He writes on all sorts of topics, although he has a passion for gadgets, apps and Nick Summers is a technology journalist for The Next Web. He writes on all sorts of topics, although he has a passion for gadgets, apps and video games in particular. You can reach him on Twitter, circle him on Google+ and connect with him on LinkedIn.

Etsy plans to publicly launch its wholesale program in August, and today revealed how much it’ll be charging users for each order.

The scheme launched in beta almost a year ago and is designed to connect Etsy’s army of sellers with prominent retailers. While many independent manufacturers find success selling their hand-crafted creations on Etsy, the company’s wholesale initiative offers greater reach through physical stores.

“For many sellers who have built sustaining, full-time businesses on Etsy, Etsy Wholesale is a way to support their continued growth,” Camilla Velasquez, Etsy’s director of payments and multichannel sales said.

When the platform sheds its beta tag later this summer, Etsy will charge new users a one-time payment of $100 and a 3.5 percent transaction fee for wholesale purchase orders. While the introductory charge is unique, the 3.5 percent commission is identical to the cut it currently takes on Etsy.

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Image Credit: Etsy