Overview
In this review of Etsy Payments, we will provide a detailed overview of the payment processing system used by Etsy for transactions on its platform. We will discuss the various features, pricing structure, contract terms, and customer feedback. Additionally, we will examine the transparency of their fees, the quality of their customer support, and the overall satisfaction levels reported by users. By the end of this article, you will have a comprehensive understanding of whether Etsy Payments meets your needs for processing transactions on Etsy.
About Etsy Payments
Launched in May 2017, Etsy Payments is a merchant account solution that enables Etsy sellers to accept debit and credit card payments through their e-commerce stores. Etsy Payments is a rebranding of Etsy Direct Checkout and is not related to Sell on Etsy, which is a discontinued mobile card swiper from the company. Etsy Payments is the only option for accepting e-commerce payments through Etsy at this time, and it enables merchants to accept all major credit cards, debit cards, Etsy gift cards, PayPal, Google Pay, Apple Pay, Klarna invoices, iDEAL, and Sofort transactions.
![](https://www.cardpaymentoptions.com/wp-content/uploads/2024/07/EtsyPayments-homepage.webp)
Etsy Backend Processors
Etsy is not itself a payment processor, so it has integrated third-party payment processors to provide their credit card processing services. The service is made possible through Etsy's partnerships with PayPal, WorldPay, Adyen, and other payment processors such as Square for in-person payments. Funds collected through Etsy Payments are deposited directly into the merchant’s bank account every Monday, but merchants can manually initiate a deposit on other days of the week. For each payment through Etsy Payments, U.S. merchants are assessed a per-transaction fee of 3% plus $0.25. It is important to note that this fee applies to the full purchase price of the item, including shipping and any applicable sales tax.
Damian Cindy
I can’t say enough good things about Etsy Payments! As a small business owner on Etsy, it has revolutionized my online shop. With seamless transactions and secure payment processing, I can now focus on what truly matters – crafting and connecting with customers.
The easy setup process made integrating Etsy Payments a breeze, and I immediately noticed a boost in sales. It’s fantastic to see my customers trust the platform and enjoy a smooth checkout experience. Plus, the ability to accept various payment methods caters to a wider audience.
I particularly appreciate the timely payouts, which have improved my cash flow and allowed me to reinvest in my business. Etsy Payments also provides invaluable insights through detailed reports, aiding in better decision-making.
In conclusion, Etsy Payments is the way to go for any Etsy seller looking to streamline their operations and enhance customer satisfaction. I’m thrilled with the results, and my business is thriving because of it!