How does Etsy work?


Quick Answer

Sellers on Etsy set up a store for free and then pay a fee to list items. Buyers purchase items in the same way as they would with a regular online store. Etsy charges a transaction fee on sold items that sellers pay each month.

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Full Answer

Etsy is a website that provides a marketplace for crafters and collectors to sell vintage or handmade products. It is free to create a store, but sellers must provide a credit card for verification when they sign up.

Sellers should choose an original store name that displays their style and offers immediate recognition that is easy for buyers to find using search engines. Creating a good "About" page allows sellers to share special information that makes their store unique.

On the business side, sellers need to price their items and decide how they plan to ship products to buyers, as well as assessing the delivery costs. Sellers must upload photographs of their products and write quality descriptions. Each published item listing incurs a fee and lasts for up to four months.

When a buyer purchases an item, Etsy calculates a transaction fee based on the sale price. Sellers can review any fees before they publish their listings. Both the listing and transaction fees accrue on a monthly bill, which is sent by email to sellers. They must pay the bill by the 15th of the month. Sellers receive funds by their preferred payment method as soon as buyers purchase items.

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