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November 27, 2014 AT 5:12 pm

Etsy embraces manufacturing, in a hopeful sign for the holidays @VentureBeat

Adafruit 3848
Etsy embraces manufacturing, in a hopeful sign for the holidays by Dylan Tweney.

Etsy processed $1.35 billion in sales in 2013. On each sale, 3.5 percent of the price goes to Etsy as a commission, plus Etsy collects 20 cents for each listing. While we don’t know how many listings Etsy posts each year, there are more than 26 million items currently listed for sale on the site. It’s safe to say that Etsy’s revenue from listings and commissions is well above $50 million annually.

But Etsy also makes money from its payment processing system (which is now used for 90 percent of the transactions on the site, Dickerson said), shipping services (such as printing postal service labels), search ads, and wholesale services. So its overall revenues are much higher than that. Dickerson wouldn’t tell me how much higher, exactly.

Etsy employs a bit more than 600 employees, mostly in Brooklyn, New York, where it has signed a lease for a 200,000-square-foot building scheduled to open in 2016.


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