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.
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.
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.