Etsy to 'substantially' cut vendors' funds held in reserve after UK boycott

Sellers put online shops in 'holiday mode' after website's move to hold back up to 75% of takings for as long as 45 days Etsy has said it is "substantially decreasing" the amount of sellers' funds held in reserve globally after UK vendors began boycotting the online craft marketplace over a hold-up in payments. Sellers have been putting their Etsy shops in "holiday mode" and switching to rivals including Folksy, Shopify and Facebook Marketplace after the US-based website began ramping up its res...