Between gas prices, overall inflation and increasing transaction fees, business owners around the world are feeling the squeeze. The cost of virtually everything is rising at record-breaking pace and staying solvent gets harder and harder every day. That growth has slowed down a bit since the beginning of the pandemic, but not by much. In 2021, the company enjoyed nearly $615 billion in ecommerce sales and is poised to hit $730 billion in revenue in 2022. In fact, earlier this week, Etsy sellers went on strike to protest the rising transaction fees, which have increased by more than 80% over the last five years. The group of protestors is unfortunately small, but the message is clear: stop charging small businesses more just to line your pockets.
