Etsy Makes International Selling Easier with Currency Update
By Ina Steiner
International sellers on the Etsy marketplace are now able to list items and receive payments in their own currency. Last August, Etsy had made it possible to see prices in currencies other than the U.S. dollar, and now sellers can list items and exchange payments in 21 different currencies.
Etsy is using PayPal to power currency conversion and is based on real time exchange rates. Seller will no longer incur exchange rate fees from PayPal for buyers who purchase in the same currency in which they are selling.
Etsy will hold a workshop discussion about Etsy overseas and the pros and cons of currency conversion on November 29 at 12:00 pm ET. More information is available on the Etsy website.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to email@example.com.
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