At Etsy, we know that when our sellers succeed, we succeed. With hundreds of thousands of transactions happening every day between the 6.4 million sellers and over 91 million buyers on Etsy, we are laser-focused on scaling our reach and providing world-class payments technology to enable safe, secure and seamless shopping experiences for everyone, everywhere on our marketplace. We are excited to announce a significant step in this journey: a multimarket expansion of Etsy Payments to sellers in seven new countries: Ukraine, India, Japan, Thailand, Argentina, Chile and Peru.

Etsy Payments is at the core of our payments technology: it is a flexible and secure payments infrastructure that benefits both our buyers and our sellers. Buyers can transact confidently and depending on their market, have access to choose from a range of local payment methods, including PayPal, credit, debit, or bank card, Etsy Gift Cards and Etsy Credits. For sellers, Etsy Payments enables them to reach more potential customers and reduce friction at checkout – which increases the likelihood of conversion – while simplifying how they get paid.

Etsy has introduced Etsy Payments to sellers in over 40 countries since 2012, giving more sellers access to our full suite of payments tools and working with diverse third-party payments providers to streamline the processing of hundreds of thousands of domestic and cross border transactions daily. For this expansion, we are partnering with global payments provider Payoneer to bring efficiencies at scale and seamless payouts to sellers in their local markets and the currency of their preference.

Etsy Payments is now being rolled out for sellers in Ukraine and Thailand, and we plan to launch in India, Japan, Argentina, Chile and Peru by the end of 2023. Sellers enrolled in Etsy Payments are able to access benefits such as:

• Selling confidently with Etsy Purchase Protection, as purchases made from sellers using Etsy Payments are eligible to qualify for this coverage, meaning that Etsy will refund buyers and sellers can keep their earnings if a qualifying order is damaged or doesn’t arrive.
• Getting dedicated support: You can get support around the clock on financial transactions and payments processing on Etsy Payments in our Help Center, including live support for most topics.
• Finally, sellers can more easily manage all their Etsy shop’s financial information in one place.

Additionally, this expansion enables us to welcome new sellers to Etsy, allowing us to provide economic opportunities to more creative entrepreneurs around the world while working to keep our platform safe and secure.

Spotlight on our seller community in Ukraine

We continue to stand by our seller community in Ukraine during these challenging times and to facilitate ways for buyers around the world to directly support these small businesses. With Etsy Payments now available for sellers in Ukraine, new Ukraine-based sellers are able to open Etsy shops, have access to an enhanced payments platform and reach more potential customers. Etsy Payments’ launch comes at a critical time for Ukrainian small businesses’ ability to access global markets, and it is part of our commitment to open doors to financial security and economic empowerment for artisans and creative entrepreneurs. Visit here for more information.

We’re excited about the continued global expansion of Etsy Payments, which benefits both sellers and buyers as we work to make relevant payment options available across our global marketplace. We’re just getting started, and cannot wait to see the potential that this Etsy Payments can unlock for our community at large.