Is Esty ever going to let us pay fees out of our Paypal account??
September 19, 2008 9:24am CST
Is Esty ever going to let us pay fees out of our paypal account? I have an account at Esty, but can't sell anything because the fees would come right out of my bank account (and the hubby would have a heart attack LOL) It just makes sense to me that since most Esty sellers accept paypal as a form of payment and since paypal is so popular that they would let you pay that way. I am wondering if the problem is because Ebay owns paypal and Esty is seen as their competition. Although, Ebay would still be making money off Ebay, through Pay pal. Just wondered what other Esty sellers thinks of this. Is it a problem for you or do you not mind it?
• United States
19 Sep 08
I thought it this some more. I do better if I let things percolate in the back of my mind. It's because of the Paypal fees. Etsy only charges use 20 cents to list an item. They don't make you pay until your fees are $1. At $1, if you pay that through paypal, Etsy would only get about 30 cents. So, they would actually be LOSING money if they used Paypal. EBay is owned by Paypal, so they probably don't charge themselves fees on transfers. But, Etsy doesn't have that luxury. In order to use Paypal for the fees, Etsy would have to raise its fees. Which would only hurt the sellers, and Etsy doesn't want to do that.
• United States
22 Sep 08
I just transfer the money from Paypal into my checking account anyway, so my payments are really from my Paypal account. I requested a Paypal debit card and that makes getting my Paypal funds easier. Actually, I use my Paypal debit for everything associated with my Etsy shop. I use it to pay for supplies. postage at the Post Office, even when a craft show accepts Paypal payments! It makes it much easier to keep track of my expenses. Of course, when I don't sell anything on Etsy, my Paypal account is quite small. Another alternative is to accept credit cards. Propay is a great credit card processor and Etsy members can receive a 50% discount to sign up. It allows you to accept credit card payments at craft shows and I think a buyer can go to the Propay site and pay for items they purchased from a seller registered with Propay. Hope this helps
19 Sep 08
I'm not an Etsy seller, so I didn't know this was an issue but I have to say I am kind of surprised. In this day and age it almost seems silly not to let people pay with Paypal. Are bank transfer or credit card the only methods of payment they accept? If it's a competition issue with Ebay, couldn't they always look at going with one of the other (albeit less so) popular online financial institutions?