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Wednesday June 19, 2013

#Etsy Introduces New Policies

Image representing Etsy as depicted in CrunchBase

Image via CrunchBase

Etsy, the startup headquartered in Brooklyn, is considering making a change to their policies to keep members of their community around longer. According to Wired, some of the changes in the policies include a proprietary payment system that works better on mobile, revisions to seller policies, and offering the option of integrating into the mainstream retail field. This will include a pilot program and selling certain Etsy goods at West Elm, a home design chain. Throughout all of these changes, people are worried about Etsy losing its unique feel.

Changes in the works are focused on keeping successful sellers on the site. The “community standards” on Etsy are vague, but the company plans to devote more time to judgment calls and resolutions to seller issues.

Matthew Stinchcomb, the company’s VP, said, “As we get bigger and have more awareness, that helps every seller. If we want to try to do something like change the economy, that takes scale.” Despite this reassurance, there are plenty of Etsy sellers who are worried about the policy changes on the site. Though there are sellers who are also encouraging of the changes. Dickerson has noted that although not all sellers will support the changes, the site is moving in a new direction and wants to encourage its sellers to grow.

Wired