Is Etsy Right to Force Sellers to Offer Etsy Payments?

by: MainelyVintage

Thanks, as always, Ina, for the timely update!

You could see this one coming : )

by: ssweet

I would gladly move completely to etsy payments and abandon PayPal if etsy offered the services paypal does.  Why doesn't etsy work on that instead of forcing sellers to use Etsy payments?

by: Ming the Merciless

Chad: one of The Ho's best students.

by: The End

NO. Respect should be shown to the artists. Let the artists choose the payment methods.
MEANWHILE : Etsy recycles photos of the same ole junk on its home page. They should be showing off the most collectible, popular, great selling stuff....like mine  ;o)
They can't complain about low revenue if they won't show the good stuff.

by: ib30667

Well I guess I better raise my prices to compensate for those fees.
Always something. I'm probably better off doing local arts and crafts fairs in my area.  

by: HappyOne

Frankly any payment is good; I haven't had one sale in over a month. All my previous sales have been less than $10. To me there are many creative sellers but few buyers

by: maxmad

This is very nasty, we already closed one of our other accounts because of their direct checkout auto opt in scam, and now this,,,,

We won't be suspended, instead we will accept direct checkout, then completely remove all our products, and plaster our website links everywhere, just like we did with our other etsy account that we were scammed into accepting direct checkout, which is a glitch, and makes a total mess of our accounting, with funds being spread out in many locations.


These sites like etsy and ebay have no other forms of revenue, other then from their sellers, nothing else, they have no creativity in business, to find other forms of revenue, total stupid idiot shell, mindless companies with no direction, and no future. TOTAL LOOSERS.

by: RKTOYS

@Ming
Exactly.  What's right or wrong not even considered.  Rich corporation wants, rich corporation gets.  End of story.

by: fifilapew

etsy quote;

'Schedule your deposits

Set your deposit schedule. Most sellers choose to be paid weekly.'

weekly???? OMG....really!!!
do not fall for this 'weekly' BS

sure, let me allow you to hang onto my hard earned funds for an entire week and then a couple extra days to transfer to my bank account. How stupid do these clowns think we are?!

by: IDKwhoIare

Does anyone here use their payment service now?

Questions I have:

1.  Does Etsy notify the Buyer when there is a ''Delayed Payment'' or just us?

2.  Etsy says ''Funds generally take 3 to 5 business days to appear in your bank account'' plus they add another day for holding it until it is available to deposit (more if you are new).  Do they expect me to ship the item(s) before the money is in my account?

3.  If daily deposit is chosen, one also must have a minimum of $25 (U.S.) of payment(s) before they will process it.  How long do they expect to be able to hold it?  Indefinitely?  I cannot find that information on their site.

by: IDKwhoIare

This crap in the quote below and the previously posted questions is why I have never participated in their Checkout.  Why do they think it is okay to charge for such undefined & dubious service, not to mention the delays I have heard about over the years when they have site ''issues''.  The following CYA note from the Getting Paid with Etsy Payments page just burns me to no end:  

''Note: In some cases, deposits to sellers’ bank accounts could be temporarily delayed by an issue at Etsy, at Etsy’s third-party service providers, or at a seller’s bank. We always work hard to avoid and minimize any delays. We’ll do our best to communicate with the affected sellers as soon as we can. However, Etsy is not obligated to refund any fees or reimburse any expenses due to holds or delayed deposits.''

^^from https://www.etsy.com/help/article/3616#Q2

by: iheartjacksparrow

I have a question about Etsy's fees. They say for the U.S., the fee for using Etsy Payments is 3% plus 25 cents. PayPal's fees are 2.9% plus 30 cents. If you accept PayPal through Esty Payments, are the PayPal fees deducted from what is paid to Etsy Payments, or are both fees assessed (almost 6%) on a sale?

by: glasspackaging

I have enough to deal with keeping track of websites with 2 funding sources PLUS accepting paypal, amazon, walmart, jet  etc etc ...  I do not accept them forcing ANOTHER funding source I need to keep track of - one with KNOWN problems ... sorry  - I wrote them that the 17th is my last day on Etsy - I can live without them - but can they live without decent merchants - they are on a HUGE push for craft suppliers  - guess what I do ? Craft Supplies for cosmetics, food, olive oil/vinegards, kambucha, candles , etc etc etc ...  when will these companies ever learn ... ?  "Direct checkout" ?? .. sure paypal will still be shown - but where?

by: IDKwhoIare

As to the question of whether Etsy is right to force Sellers to offer Etsy Payments, my first instinct is to say 'Ell No.  

However, having been an abuse victim of eBay's, I know they can do whatever they want and all one can do is leave them.

Is it morally right?  No. We all know Etsy is not concerned about their Buyers or Sellers anymore than Ebay.  If Etsy cared about Buyers or Sellers, they would not throttle views of items, period.

They say it is 'not fair' that every Seller/items can't be seen when a Buyer searches for what they want, so Etsy 'helps' by shuffling some Sellers to the top of the search, now & then.  Fair my arse and now & then or some...please.

Etsy Payments is all about monetizing the site.  More fees and no extras for the Seller's money. Typical.

by: IDKwhoIare

@IheartJack

from the same page as the quote I posted above:

"When you use PayPal through Etsy Payments, you don't have to pay a separate PayPal fee."

by: iheartjacksparrow

Thanks, IDK, for the clarification.  

by: DingDong

Personally, I prefer to decide who I want my money coming from, but it is there site and they want money anyway they can, even if it's holding your monies for a few days of interest.

So glad I closed my account there.

They need to check their states transmitter rules when holding money
http://www.ecommercebytes.com/cab/abn/y12/m11/i08/s03

by: glasspackaging

just closed our account there - the csr wrote back the same gobblygook to me - all about how it was a better experience for the customer to allow etsy to collect the funds, rather than paypal.... ok ... so you have customers who are looking for our stuff - they will find us elsewhere - not for sure on  your site, as we were one of the few in our industry bothering there.

by: laurengrace

Well there are 49 pages of complaints about it since yesterday. They need to back off this. This is precisely why people moved from eBay and Amazon to othe platforms. eBay is just a shadow of it's former self. Amazon may be growing  but they have nothing to offer for unique items or the people searching for them. They are being compared to United Airlines today on customer service..Cost United Millions since last night..Risky business.

by: MostlyArt

I already have the etsy direct checkout and really hate for people to use it. You aren't even able to ask for your payment for a whole day, then they say "it's on it's way and may take 3 days for your bank to accept it" (paraphrased).

Why is that? How come PayPal gives you a payment the second the item is paid for?

It usually does take several days to get paid through Etsy, even if you are super vigilant about "scheduling" a next day deposit the first minute the site allows you to.

I still love PayPal for online and Square for shows.