As of 31st May 2017, all sellers in eligible countries must be enrolled in Etsy Payments (formerly known as Direct Checkout). If you accepted Direct Checkout in your shop, you were automatically enrolled in the new Etsy Payments.
Etsy Payments is the primary way to get paid on Etsy and allows you to offer multiple payment options to your buyers. Learn more about Etsy Payments here.
Be sure to read over the payment processing fee structure for Etsy Payments. If you accepted payments via Direct Checkout in the past, there were no changes to these fees with Etsy Payments.
Features of Etsy Payments
More flexible deposit schedule
You have the option to choose between daily, weekly, biweekly, and monthly disbursements for your payment account deposits.
To update these preferences, go to Shop Manager > Finances > Payment settings and select from the Deposit schedule dropdown menu. Please note that some countries have a minimum amount of funds for daily disbursement:
Please note that some countries have a minimum amount of funds for daily disbursement:
AUD 25.00 - Australia
CAD 25.00 - Canada
CHF 15.00 - Switzerland
DKK 200.00 - Denmark
EUR 20.00 - Euro
GBP 15.00 - UK
HKD 200.00 - Hong Kong
NOK 25.00 - Norway
SEK 100.00 - Sweden
SGD 25.00 - Singapore
USD 25.00 - United States
No matter which disbursement schedule you choose, you’ll still be able to schedule earlier deposits in your payment account.
If you’re enrolled in Etsy Payments, and you accept PayPal funds into your own PayPal account, you can continue to do so.
You can also accept PayPal purchases directly through Etsy Payments. When a buyer purchases using PayPal, the funds from the sale go into your payment account. To learn more about using PayPal integrated with Etsy Payments, take a look at this Help article.
Please note that if you use integrated PayPal, you’ll only be charged Etsy Payments fees - not PayPal fees - for all transactions. Keep in mind that any payment processing fees, whether they are from PayPal or Etsy Payments, are additional to Etsy's 3.5% transaction fee.
If your shop has been suspended
If you have a shop in an eligible country and you didn't sign up for Etsy Payments by 31st May 2017, you may notice that your selling privileges have been suspended. This means:
- Your listings won't be visible to buyers, and you won't be able to make sales.
- You can access your shop (so you can enroll in Etsy Payments), listing information, Conversations.
- You can still make purchases on Etsy.
Once you enroll in Etsy Payments, your selling privileges will be reactivated within 24 hours.
How to enroll
You can sign up for Etsy Payments by going to Shop Manager > Finances > Payment settings. Please be prepared to provide us with the following information:
- Your full name
- Your current home address
- Your home phone number
- Your bank account information (your bank account must be in one of our supported countries)
Depending on your location, you may also need to provide the following to confirm your identity:
- Your birth date
- The last four digits of your US Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
Unless you’re a seller with a bank account in Germany, Austria, or the Netherlands, you’ll need to have a valid credit or debit card on file. If we have trouble verifying any of the information you provided, we may ask to see a government-issued ID.
If you have any questions about adding Etsy Payments to your shop, click the contact link below this page to get in touch with our Support team.
How do I know I'm enrolled?
Go to Shop Manager > Finances > Payment settings and, if you're enrolled, you'll see "Etsy Payments" in the Payment Methods tab.
How you’ll be paid
When an order is placed in your shop, the funds are added to your payment account. They’re held securely on your behalf so you can feel free to ship the item.
Three days after a sale, the funds will become available for deposit. We’ll disburse your funds according to the schedule you’ve selected in your payment settings.
After a deposit is sent out, the funds will likely reach your account by the next business day. However, depending on your bank, it could take up to a few business days to appear in your bank account.