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Is Etsy getting paid three times for a transaction?
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Original Post
Maybe I'm not understanding, but from what I'm seeing on my bill is that Etsy gets paid three times for a listing, if it sells. Once in the listing fee, once when payment is made, and once again if paid "directly", whatever that is? Is that how it is? Would someone please explain it. And, please explain what being paid "directly" means. I don't know of any other way to be paid.
Thanks!
Posted at 4:51 pm Jan 1, 2013 EST
Responses
if you use DC yes you pay for the use of the service...just like paying paypal.
Posted at 4:53 pm Jan 1, 2013 EST
Changed from neleh88 on Apr 10, 2013
Yes. You pay a listing fee of 20 cents. You pay a transaction fee when the item sells. And you pay for the use of Direct Checkout payment ("paid directly).
(If the buyer paid using PayPal, you would pay a fee to PayPal instead of Direct Checkout.)
Posted at 4:53 pm Jan 1, 2013 EST
well, if your customer paid with direct checkout, you are paying .20 for the listing fee, then Etsy gets their cut I think of 3.5% not sure exactly, and then they get the percentage for payment processing (another 3% or thereabouts), which you would be paying to Paypal if the customer paid that way.
Posted at 4:54 pm Jan 1, 2013 EST
etsy has a payment processing system of its own (like paypal) and when an item sells via direct checkout the processing fees are deducted from the funds before you receive them (just like when a customer pays with paypal, paypal takes its cut before you get the money)
the other fees are added to your bill each month (etsy transaction and listing fees, etc.)
Posted at 4:54 pm Jan 1, 2013 EST
What is direct checkout? www.etsy.com/help/article/3616?ref=help_search_result
Posted at 4:55 pm Jan 1, 2013 EST
You pay .20 to list your item. When it sells, you pay 3.5% as a 'transaction fee' Whatever payment processor you use to process a credit card also gets paid, either PayPal or Etsy's Direct Checkout.
Paid 'directly' probably refers to Etsy's payment processor, Direct Checkout.
ETA - Typing SLOOOWWWW today!
Posted at 4:55 pm Jan 1, 2013 EST
Do you accept Direct Checkout? If you do, that is where Etsy takes their percentage of the sale which is 3.5%. Not sure if this is what you are asking?
Posted at 4:57 pm Jan 1, 2013 EST
"Direct Checkout," or DC for short, is etsy's own Payment Processor, like PayPal is also a payment processor.
If you have DC and PayPal enabled, a person can choose one of the other to pay upon checkout..
If they choose etsy's Direct Checkout, then, yes, technically etsy gets paid three times!
Upon Listing -- .20
Upon Selling -- .3.5% of Selling Price (not shipping cost)
Upon Payment -- with etsy's Direct Checkout
Posted at 4:58 pm Jan 1, 2013 EST
no, the 3.5% is added to your bill each month, as is the 20cent listing fee. The payment processing fees (the direct checkout payment fees) are taken from the money before you get it.
the direct checkout fees are actually pretty reasonable for each transaction, very similar to paypal's processing fees (although paypal has some different tiers of fees for varying sales volumes)
Posted at 4:59 pm Jan 1, 2013 EST