Etsy Pilots Crowdfunding Program

Etsy Pilots Crowdfunding Program

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Tara Bellucci
Jun 17, 2015
(Image credit: Victor J. Blue/Bloomberg News)

Etsy is looking to help their sellers crowdfund. On Tuesday, the Brooklyn-based marketplace launched a two-month pilot program that lets sellers raise money on the company’s website to fund manufacturing for new products.

Similar to Kickstarter, Etsy said it wouldn’t charge backers’ credit cards until a seller’s funding goal is met. About 100 vendors are participating in the Fund pilot, where they'll be charged Etsy's usual 3.5% of each transaction plus a 20-cent posting fee.

Etsy is recommending a 9-month delivery window for all crowdfunded products, but expects most to be shipped within 6 months.

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