Etsy, e-commerce website focused on handmade items and supplies, has closed over 162,000 accounts last year, after releasing its first ever transparency report. The 2014 Transparency Report has been revealed to integrate company values, responsibility and legal obligations. Due to this, the community members can operate mindful, transparent and humane business without any chance of deception.
This step will help the company to combat previous disparagement faced by them from the community members for allowing sales of manufactured goods. This will encourage and allow artist to expand production of their unique goods. On the contrary, the community members realized that it would give freedom to manufacturers selling low-priced ornaments.
Etsy’s firm step on closing accounts will help in creating and building a strong bond between the company and its community members. The main highlights from the Transparency Report is that the company has removed or disabled access to 176,137 listings from 42,526 sellers. The company is also going to disabling accounts, which are not adhering with the company standards.
The 162,000 closed accounts are those, which didn’t qualify as handmade sellers or producers. Etsy has also closed approximately 4,000 shops, due to repeated violations of intellectual property. To maintain the integrity of the marketplace, the company is planning to evolve their policies, enforcement practices and detection methods for providing better opportunity to existing and upcoming new members.