Etsy is a fantastic, user friendly platform that is used to sell a whole host of unique items, hand made products and more. And, over the years, the platform has continued to increase in popularity, with more sellers than ever before using Etsy to sell their products.
And, if you are considering selling on Etsy and need further information about Etsy fees for UK sellers, you have certainly landed in the right place. We have created a helpful guide outlining everything that you need to know.
But first and foremost, what is Etsy?
Etsy is an online marketplace that is renowned for selling crafts, vintage goods, handmade items, unique gifts, jewellery, art, craft supplies and more. Ultimately, Etsy is well known for selling items that you might not find anywhere else.
Many sellers enjoy great success using the platform however, you should be aware of the Etsy fees for sellers before setting up your online shop.
How do I join Etsy?
It’s incredibly easy to join Etsy and it’s actually free to start your shop, which is why the platform is highly attractive to sellers across the UK and beyond.
All you need to do is visit the website, create your Etsy Account, set up your shop location, currency and preferred language, and you’re basically good to go! It’s as easy as that
How to pay your Etsy fees
As part of the joining process you will also need to think about how you want to be paid and how you plan to pay your Etsy fees. Many people selling in the UK choose to use Etsy Payments due to the many payment options available. This payment method also works by consolidating all of your payments into your account so it’s incredibly easy to keep track of your payments and success of your business.
Etsy Fees for UK Sellers
How much does this cost?
If you choose to use Etsy payments and you are a seller in the UK, you will have to pay 4% of the sale price, as well as a 20p payment processing fee if you accept payments in this way! This amount is also on top of Etsy’s standard fees too.
However, although it is not cheap, this payment method does give you a lot more flexibility when it comes to way your customers can pay for your goods, which is always welcomed.
For example, using Etsy payments, your customers can pay you using the following methods…
- Credit card
- Debit card
- Apple Pay
- Google Pay
- Etsy gift cards
- Etsy credits
What are the fees for selling items on Etsy?
As well as a transaction fee and a payment processing fee, you will also be expected to pay a listing fee too, which is 15p per listing. Once your item has been sold, you will then have to pay a 5% transaction fee on the sale price and delivery. If you use Esty payments, you will pay 4% of the sale plus a 20p payment processing fee when an item is sold.
What are the pros of selling on Etsy?
- Etsy is trusted in all corners of the world and has built a reputation for providing a credible platform that will allow you to reach millions of buyers.
- Etsy is incredibly easy to set and the site offers a step by step guide outlining how you can get up and running as quickly as possible.
- Etsy comes complete with user friendly, built in analytics platform that allows you to access important data such as how much traffic is visiting your page, as well as insights into your orders and revenue.
- Etsy offers a wealth of business advice so that you can optimise your business growth from the moment you start using the site. You can access SEO support, growth strategies, as well as how you can optimise sales during different points during the year.
- Etsy has a use friendly app which makes managing your Etsy account and orders incredibly easy. But that’s not all, the app also allows you to respond to customer queries and edit your listings, no matter where you are.
- The platform also gives you the option to pay for Etsy Ads so that you can optimise your brand’s visibility, inspire action and boost sales.
What are the cons of selling on Etsy?
- As Etsy is continuing to grow at a rapid pace, it is considered as being a highly competitive marketplace. With this in mind, you should always take the necessary action to ensure that your products and brand stand out.
- Etsy is not for every business as it specialises in providing a platform for handmade items, crafts, vintage goods and other items that you wouldn’t necessarily find in mainstream shops.
- You will need to consider that there are several fees that are associated with selling on Etsy and these fees should always be considered within your business model.
Speak to an eCommerce accountant
Once you’re set up and selling, it’s important to stay on top of your accounting. The best way to do this is by seeking the advice of an experienced, specialist eCommerce accountant who will have the expertise to help.
Get in touch!
Here at Unicorn Accounting, our team of specialist e-commerce accountants is happy to chat about all of your eCommerce accounting needs. So, what are you waiting for? Let’s talk and maximise the growth of your e-commerce store.