A generous payment of 100 million? Finally, you don’t have to worry about adjusting the payment cycle!

For Etsy sellers, who have always operated with light assets, this was a bolt from the blue! Many sellers spontaneously formed organizations and expressed their dissatisfaction through various channels such as social media.

A seller of ceramics said that after receiving a notification from Etsy, the funds in her account were withheld, which made her unable to buy the clay and glaze needed to make ceramics, affecting the survival space of her store.

There are even sellers who have to use credit card loans to maintain their family's daily expenses because Etsy withholds funds. If the payment reserve cannot be cancelled within three months, the seller will face bankruptcy.

Etsy's move has undoubtedly cut off the livelihood of sellers. Affected sellers plan to strike and organize online groups to protest the practice of Etsy platform withholding funds. Under strong protests from the media, sellers have been completely released from the warehouse system.

Still watching the busy Amazon seller next door, unaware that his own home had been robbed!!!

Amazon said 225,000 small and medium-sized businesses across Europe, including the UK, sell through its platform. About 15% of sellers (about 33,750 sellers registered before 2016) may be affected to this extent.

"I will be owed about £35,000 and will not be able to pay my employees on time. My company is also facing huge risks, which I cannot afford!"

This policy change by Amazon will directly lead to sellers facing greater financial risks, especially small and medium-sized sellers who are more sensitive to cash flow.