Etsy has become one of the most popular online marketplaces for buying and selling handmade, vintage, and crafted goods. As an Etsy seller, you get access to a built-in audience of millions of buyers who are looking for unique items. However, with this opportunity comes the responsibility of managing your Etsy shop finances properly. An important part of running your Etsy business is knowing how to pay your Etsy bill on time every month.
In this comprehensive guide, we will walk you through the entire process of paying your Etsy bill, from viewing your balance due to submitting your payment. By following these simple steps, you can avoid any late fees and keep your shop in good standing.
View Your Etsy Balance
The first step to paying your Etsy bill is accessing your current balance. Here’s how to check how much you owe:
- Sign in to Etsy.com or open the Etsy Seller app on your mobile device.
- Go to Shop Manager on the website or tap “More” in the app.
- Select “Finances” from the options.
- Choose “Payment Account” to view your balance.
Under “Amount Due,” you will see the total amount you need to pay Etsy for any applicable listing fees, transaction fees, shipping labels, or other charges from the previous billing period
Understand Your Etsy Bill
When you view your Etsy payment account, you will see your current balance as well as any pending charges that have not yet been processed It’s important to understand what the different fees on your bill are for
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Listing fees: These are charges for any active listings you have in your shop. Etsy charges $0.20 per listing.
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Transaction fees: Etsy charges 5% of the total value of each sale you make in your shop. This covers payment processing costs.
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Shipping labels: If you purchase shipping labels through Etsy, the costs will appear on your bill.
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Other fees: These can include fees for Etsy Payments, Etsy Plus subscriptions, or pattern services.
Knowing what the various fees and charges on your statement are for can help you better manage your shop finances.
Choose Your Payment Method
Once you know how much you need to pay, the next step is selecting a payment method. Etsy offers several options:
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Credit or debit card – Most sellers choose this for convenience. Etsy accepts Visa, MasterCard, American Express, Discover, and Diners Club.
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Etsy gift card – You can redeem unused gift card balances towards your bill.
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PayPal – If you have a PayPal account connected, you can use your PayPal funds to pay.
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Etsy credits – Any outstanding credits from refunds or coupons will be automatically applied if available.
Choose the option that works best based on your financial situation each month.
Pay Your Etsy Bill
When you’re ready to pay your Etsy bill, follow these simple steps:
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In your Etsy payment account, click “Pay Now” next to your amount due.
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Select “Current Balance” to pay the full amount. Or, enter a custom partial payment amount if you want to pay less than the total.
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Choose your preferred payment method from the options.
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Click “Submit Payment.”
Or follow these steps to pay your statement:
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Sign in to Etsy.com or the Etsy Seller app.
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Open Shop Manager on Etsy.com or select More in the Etsy Seller app.
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Choose Finances.
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Select Payment account.
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Choose Pay now under Amount due.
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Select Current balance.
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Choose your payment method.
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Choose Submit Payment.
Once your payment goes through successfully, your amount due will reset to $0 until the next billing period.
Set Up Auto-Pay
To make paying your monthly Etsy bill even easier, you can enable auto-pay. This automatically charges your default payment method each billing cycle.
To turn on auto-pay:
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Go to your Etsy payment account.
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Click “Auto-pay” next to the Amount Due.
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Choose your preferred payment method and click “Confirm.”
With auto-pay set up, you don’t have to manually pay each month. Etsy will automatically charge your account for the full balance owed.
Avoid Late Fees
Etsy bills on the 1st of each month and payments are due by the 20th. If you fail to pay on time, Etsy will charge a late fee of $20 plus interest. Late payments can also negatively impact your shop’s search ranking.
Get in the habit of paying as soon as your statement generates so you never miss the deadline. Set calendar reminders to pay your bill to avoid headaches.
Manage Your Finances
Paying your Etsy fees is just one part of running a financially successful shop. Here are some additional tips:
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Review your monthly statements so you understand where your money is going. Look for opportunities to cut costs.
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Set realistic pricing that covers your materials and time, while leaving room for Etsy fees.
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Use Etsy’s fee calculator to estimate fees for future listings.
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Learn about deductible business expenses at tax time.
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Use an accounting app or ledger to track income and expenses.
With some diligence, you can master your Etsy finances! Paying your Etsy bill doesn’t have to be complicated if you follow this process each month.
The Etsy Payment Account Area
Along with the change in 2018, Etsy introduced the Payment Account area to the Shop Manager dashboard. This change shows everything fee and revenue related in one place and (for those not in the US, now in your local currency).
Amount Available for Deposit
This total shows how much you are due to be paid by Etsy for the sales you have made during the month. This will only show as an amount if your sales are greater than your fees – if you have an amount available for deposit, this will be paid into your bank account based on the payment schedule you have set for your shop account.
Keep in mind that this amount is already minus the fees you have paid Etsy to list and process the sales and will be what is actually deposited into your bank account.
A little further down the screen in the Recent Activities area will also show you your current balance.
Your Current balance is all funds in your account, including funds from todayâs sales which wonât become available for deposit until they have cleared (which is usually 24 hours).
Using a simple example from a bank account to visualise the difference between your Current balance and Amount Available figures (as they can be confusing!): letâs say you have $100 in your bank account and you deposit a check for $200. As checks often take up to a week to clear, your bank account current balance will show as $300, however your available balance will still be $100. In other words, until the check clears you will only be able to spend $100 from your bank account.
Delving into the recent activities area now, youâll see that this box shows all transactions, deposits and refunds / adjustments for the current month, with the Current Balance area at the top showing your running total.
The total amount, fees & taxes and balance can all be seen in this view.
A quick rundown of the columns are as follows:
Amount: The total revenue for the sale (as paid by the customer).
Fees & Taxes: The amount Etsy has removed from the sale to cover fees and taxes.
Net: The revenue after fees and taxes have been removed.
Balance: The running total of your Etsy payment account balance after the transaction.
Etsy shop help How can I pay my bill now !
FAQ
How do I manually pay my Etsy bill?
How do you pay on Etsy?
Why can’t I pay my Etsy bill?
How do I get to my payment account on Etsy?
How do I pay a bill on Etsy?
You can pay your amount due between the 1st and 15th of the month. On Etsy.com, go to Shop Manager. On the Etsy Seller app , tap More. (If you were suspended for an overdue bill, you need to use Etsy.com to pay your bill.) Go to Finances. Go to Payment account. Select Pay now under Amount due. Select the amount you’d like to pay.
What happens if I make a sale through Etsy payments?
When you make a sale through Etsy Payments, your fees will automatically be deducted from the amount Etsy pays you for your sales. If you have enough sales in a month to cover all your fees, you won’t have an amount due and Etsy won’t charge your card/you won’t have to make a payment to Etsy.
How do I pay a listing fee on Etsy?
Choose Payment account. If you have an Amount due, you can select Pay now, or use auto-billing if you’re in the US. When you add a product to your Etsy shop, we call this a listing. Listing fees are the fees you pay to list products for sale on Etsy. You’ll be charged a listing fee for each individual listing you post.