Etsy Payment Account Everything You Need To Know Made On The Common Do I Have To Use Etsy Payments
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Do i have to use etsy payments. With etsy payments buyers can use most payment methods to purchase from your shopyou get direct deposits to your bank account. Etsy shoppers will still be able to use paypal to checkout but the payment will now be processed by etsy rather than paypal and the funds will go into the sellers shop payment account rather than into their paypal account. Because we want buyers to have a consistent experience when they check out on etsy were requiring that all sellers in eligible countries set up etsy payments by may 17 2017.
The new etsy payments provides shoppers with 10 different payment options including apple pay android pay and bank transfers in some countries. If a buyer pays with paypal the funds are sent to your payment account and the payment will be deposited into your bank account. Payment would end up coming through etsy payments.
Shops that opened after that change did not have the option to keep paypal payments separate from etsy payments they only could get integration. But wait theres more. Paypal and etsy payments have basically the same payment processing fees percentage anyway.
But dont fret etsy offers protection to sellers who meet our seller protection program requirements. When this change occured older shops had the option to either integrate paypal or keep paypal separate. Read more about seller protection here.
After you do so review the payment information. I have feedback about etsy payments. Etsy now is the only processor.
Etsy payments is the easiest way to get paid on etsy. Etsy payments users can pay with and accept payment by credit card debit card etsy gift card etsy credit some bank transfer services paypal where available apple pay and google payall in their domestic etsy payments currencies. If you dont set up etsy payments your selling privileges will be suspended on may 18.
Paypal processes your payment and directs you back to etsy. Although its currently available only in the united states this payment method is easily the most popular on the site. Direct checkout offers protection from fraud and enables you to purchase and print us.
If you are enrolled in etsy payments and paypal operates in your country shoppers who buy from your shop have the option to pay with paypal. Etsys direct checkout feature enables you to accept payment via credit card namely visa mastercard american express and discover. If you want to remain in good standing with etsy its crucial that you pay the current amount due on your etsy bill promptly by the 15th of each month.
Even if you ask your customers to pay via paypal that payment will still go to your etsy payments account not your paypal account. Assuming that its correct click the continue button.