Etsy payments
What is Etsy Payments?
Etsy Payments is the primary way sellers get paid on Etsy and simplifies payments for both sellers and buyers.
What types of credit/debit cards can buyers use?
What allows a buyer when they have Multi-shop checkout?
To purchase multiple items from different Etsy shops with a single payment instead of checking out from one shop at a time.
How it works an Etsy gift ?
Works like cash on Etsy.com. It can be used on Etsy to purchase in shops that accept Etsy Payments.
What are iDEAL and Sofort?
iDeal and Sofort are methods that allow our members to pay directly by bank transfer. Reveal the methods to learn more about each of these payment options!
What are the Payment Options
Does a buyer’s default currency must match the gift card balance currency to use it? Yes or no?
Yes
What are the 3 requirements for a buyer to be able to use multi-shop checkout on Etsy:
Who are the 2 parties involved in a gift card purchase?
In order to use iDeal, a member must
To sign up for Etsy Payments, a seller must have:
If the buyer’s gift card balance doesn’t cover the full amount of the order, they'll have to pay the remaining balance with a credit/debit card or PayPal. Yes or No?
Yes
What is the Uplift Fund?
When a US buyer in the experiment makes a purchase through Etsy Payments and in USD, they will have the option to donate to Etsy’s Uplift Fund.
Buyers can round up to the nearest dollar and donate their change. Donating is entirely optional.
Where members can purchase a Digital Gift Card?
You can purchase a gift card for Eva by simply clicking Gift cards(opens in a new tab) at the bottom of any Etsy page
In order to use Sofort, a member must
Does a seller need to have an account with all the different payment options (such as PayPal, Klarna, etc.) to accept payment?
Sellers using Etsy Payments do not need an account with any of these services to receive money from them.
What is a prepaid card?
Prepaid Gift cards are technically a type of debit or credit card. They are issued by a financial institution or credit card company such as Visa, MasterCard, and Discover.
What is this $0.01 charge for in Authorization?
When the buyer submits their order, we place an authorization in the amount of the order on their card.
Mention one of the 4 ways to purchase an Etsy gift card?
Physical gift cards in USD from select stores (US only) (supported by those stores)
Digital gift cards in USD on Etsy.com(opens in a new tab) (supported by Launch Gift Cards/LGC)
Digital gift cards in non-USD currency on Etsy.com(opens in a new tab) (supported by Etsy)
Digital gift cards on other websites (US only) (supported by those websites)
What might be a problem to check out with Sofort or iDEAL?
A credit card is required for most sellers, but not all, what are the countries exempt.
Netherlands, Austria, and Germany are exempt.
When buyers are going to be able to use a prepaid card to purchase on Etsy?
When the balance on the Prepaid Gift card covers the total amount of the order. (We don't have a way to split the payment with pre-paid cards).
Mention one of the several reasons may cause a card to be declined during checkout:
Where a gift card or credit balance can be viewed?
by clicking “You” near the top right of the Etsy page. This balance will automatically be applied to any future purchases where the shop accepts Etsy Gift Cards.
What is the checkout Process with Sofort
Buyers who want to checkout with Sofort need to log in to a Klarna portal to complete their purchase.