Etsy notified sellers it is delaying a change in billing practices first announced in April. The crux of the change, it explained to sellers at the time:
“Starting in June, we’ll automatically deduct any taxes or fees you owe from the money you’ve made from Etsy Payments sales.“
In its post and email to sellers, Etsy said it was delaying making the change, and said it would release the new experience later this year.
You can discuss the latest update on billing changes on this AuctionBytes Blog post from April.
Earlier this year, we announced plans to make managing your shop’s finances easier by combining your payment account and changing how you’re billed on Etsy.
Since our announcement, a lot of you have shared your feedback and we’re listening. Our team is working to make the redesigned payment account the best it can be for you and your shop, and to help make that happen, the new experience will now be released later this year.
We know how important managing your finances is and we appreciate your patience and your thoughtful feedback about this change. We’ll continue to update you as the new experience becomes available.
Learn more and read the original announcement here.
SOURCE: Etsy Announcement