Why You Need To Setup Etsy Payments Now

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Change is constant, that is why Etsy’s Direct Checkout gets a makeover and new rules.

Why You Need To Setup Etsy Payments NowEtsy Payments helps sellers to take a number of payment methods, such as credit and debit cards, PayPal, and gift cards. It’s also a lot more versatile, steady, and secure.

It was actually stated by a representative from Etsy, “Because we want buyers to have a consistent experience when they check out on Etsy” and they are now requiring all sellers in qualified countries to start using Etsy Payments by May 17, 2017. If you fail to create Etsy Payments, your selling privileges will certainly be put on hold on May 18.

So how you can setup Etsy Payments? Here’s how:

  1. To begin with, click the Your Shop web link along the top of any Etsy page. Now, you will see the Shop Name page.
  2. Go to the Get Paid tab. If you prefer to take credit cards and gift cards as forms of payment, you should allow Etsy’s Direct Checkout function. FYI: Etsy sometimes describes this as a “Shop Payment Account.”
  3. To enable Direct Checkout, go to the Sign Me Up tab. Etsy will then show the Terms of Service.
  4. Review the Terms of Service, and after that click on the Continue button to accept them. Etsy encourages sellers to add their personal details such as your name, your date of birth, the last four numbers of your Social Security number or federal tax ID number, your residence address, your contact number, and your business name (optional). Keep in mind that not one of this particular data will be shown openly on Etsy.
  5. Place the asked details and click on the Continue button. Next off, add your bank information, the kind of bank account you make use of, the name of the bank account owner, your bank’s routing number, and your bank account number.
  6. Add the asked details and click on the Sign Me Up! button. Etsy will then register you in Direct Checkout.
  7. In order to take other types of payment such as PayPal, money order, personal check, and others, click on the Get Paid tab. If needed, hit the Additional Payment Methods link.
  8. Select the check box beside every form of payment you like to accept. Once done, click the Save button.

Keep in mind that it is a worldwide shop setting. Any products that you sell in your store will certainly give these payment options.

If you’re currently using Etsy’s payments system, there’s absolutely nothing you have to do.

If you just accept payments by means of PayPal or manual payment methods, you should set up Etsy Payments simply by linking your bank account and confirming your identification. If you already have standalone PayPal in your store, you could still opt to keep your PayPal sales different.

Watch out for an email message describing what this suggests for your shop. Or go to Etsy’s FAQs area to find out more about Etsy Payments.

So what do you think about this new update? Have you setup your Etsy Payments’ account now? Please let us know in the comments below.

Gary Capps
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