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Disclaimer:
Etsy is an online marketplace, similar to Amazon or eBay, that specializes in the sale of handcrafted things, antique goods, and creative supplies. It is a platform that connects customers directly with one another and offers benefits to both purchasers and vendors.
The purchasers have the opportunity to get one-of-a-kind, individualized, and distinctive products, while the sellers have the potential to earn a respectable income.
When you list an item on Etsy, you will be charged a listing fee of $0.20 USD for each item that you list. If you offer numerous quantities of the same item, your listings will be automatically renewed at a cost of $0.20 USD each time one of the goods is purchased. Additionally, at the conclusion of the four-month listing period, Etsy will mechanically renew your listings for you.
Etsy requires you to pay a transaction fee equal to 6.5% of the price you show for each listing, in addition to the amount you charge for shipping and gift wrapping, whenever you make a sale through the platform. There are also different procedures to follow based on the location of your sales.
Etsy sellers are responsible for paying a payment processing fee that ranges from three to six and a half percent of the total sale price of the item. The rate as well as the percentage varies from country to country. The whole sale price of the item, which includes any relevant taxes and any applicable shipping fees, is used as the basis for computing the fees.
You can get more information about the processing cost that applies to your nation by clicking here; for sellers in the United States, the fee is 3% plus 0.25 USD.
Etsy will assess payment processing costs to each and every one of your completed sales and purchases.In the event that you need to issue a refund for a sale that was completed using Etsy Payments, the amount of your payment processing fee will be prorated and applied to the amount of the refund.
Etsy will assess a fee to your account for any order that can be traced back to an Etsy Offsite Ad if you are using those ads. The amount of the charge is based on both your total revenue and the amount that you made from the sale.
If your annual income was less than $10,000 USD during the previous year, you will be charged an additional 15% for any order that was attributable to an off-site advertisement.
If your total income for the preceding year was at least $10,000, you will be subject to a 12% fee for each order that may be connected to an off-site advertisement.