How Much Does It Cost To Sell On Etsy In 2024? Fees | Taxes | Prices

Understanding how much it costs to sell on Etsy is essential for any business's success – otherwise, you might find yourself dealing with much lower margins than expected.

In this article, we'll explore what you need to know about Etsy’s fees and how a Wise Business account can help you save.

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Table of Contents
Types of Etsy Seller Costs Mandatory Fees Table Listing Fee Transaction Fees Currency Conversion Fee Optional Etsy Fees For Selling In-Person Selling Fees Pattern Fee Multi-Quantity Fee Auto-Renewal Fee Shipping Label Fee Etsy Shipping Gift Wrapping Fee Etsy Pricing Plans Etsy Standard Etsy Plus Save on Etsy with Wise

Types of Etsy Seller Costs

There are many costs involved in selling on Etsy, including listing fees, transaction fees, and payment processing fees. Depending on your business’s size and the type of product you are selling, these costs can add up quickly.

Let's dive into each type of fee in more detail.

Mandatory Fees Table

Fee Type¹	Fee Amount	Fee Example
Listing fee	$0.20 per item	$50 item = $0.20 listing fee
Transaction Fees	6.5% of full sale price (including gift wrapping and delivery)	$50 item + $10 shipping = $3.90 transaction fee
Currency Conversion Fee	2.5%	$50 conversion = $1.25 fee

Listing Fee

What is it?

On Etsy, a listing fee is a charge applied to a seller's account every time they create a new listing for an item they want to sell on the platform. The listing fee is a one-time charge that is applied at the time the listing is created, and it allows the seller to list their item for up to four months.

After four months, the listing will expire, and the seller will need to renew it or create a new listing if they want to continue selling the item.

How much is it?

Etsy listing fees are $0.20 per item. For example, if you list 10 items, you will be charged a total of $2 for the listing fees. The equivalent fee is charged in the seller's local currency and is deducted from their account balance when the listing is created.

Listing fees are one of the main ways that Etsy generates revenue to support the operation of its marketplace. They help to cover the cost of maintaining the platform, including hosting and bandwidth fees, as well as the development and maintenance of the tools and services that are provided to sellers.

Transaction Fees

What is it?

On Etsy, a transaction fee (also known as a payment processing fee) is a charge that is applied to a seller's account (Find the best Esty business accounts here)every time they make a sale through the platform. The transaction fee is a percentage of the sale price and is charged in addition to any other fees that may be applicable, such as listing fees or shipping fees.

How much is it?

Etsy transaction fees are 6.5% of the total sale amount, including shipping and gift wrapping fees. For example, if you sell an item for $10 with a $5 shipping fee, the transaction fee would be 6.5% of the total ($10 + $5 = $15), which is equal to $0.97. Take note that sales tax is not included in the transaction fee.

Currency Conversion Fee

What is it?

Etsy charges a fee to cover the cost of converting the payment from the buyer's currency to the seller's currency. This fee is typically added to the total sale price, including shipping and taxes.

How much is it?

As an example, if a buyer in the United States purchases an item listed in Canadian dollars from a seller in Canada, the currency conversion fee would be 2.5% of the total sale price, including shipping and taxes. This fee would be added to the total amount that the buyer pays, and the seller would receive the payment in Canadian dollars.

However, with a Wise Business account, you can hold and manage multiple currencies in one account. This means you can receive payments from buyers in different currencies and avoid paying currency conversion fees on Etsy.

You can get local account details in multiple currencies to receive payments from buyers around the world, and Wise will automatically convert them into your chosen currency with no additional fees.

Add your Wise USD account details on Etsy:

Get USD account details On the Etsy site or Sell on Etsy app, select Shop Manager Click Finances and Payment settings Then go to bank details, select Update You may need to confirm your bank information if you haven’t done it before Add your USD account details from your Wise account Etsy might send 1 or 2 small deposits to your Wise USD account to verify that you own the account. This can take 3–7 days, and you’ll need to go to Etsy and confirm the amounts received by going to Finances > Payment account > Verify account. You've finished! Now you can get paid in USD from Etsy.

Get Wise USD Account Details 👍

Optional Etsy Fees For Selling

There are also some fees that are applicable in certain situations or completely optional for the seller. These include:

In-Person Selling Fees

What is it?²

Etsy's partnership with Square Reader allows sellers to process in-person sales using Square's point-of-sale (POS) system. Square Reader is a device that connects to a smartphone or tablet and allows sellers to accept credit and debit card payments from buyers.

To use Square Reader with Etsy's In-Person Sales feature, sellers must first enable In-Person Sales on their Etsy account and connect their Square account. They can then use the Square Reader to process transactions at craft fairs, pop-up shops, or other events where they are physically present with the buyer.

How much is it?

Etsy's in-person selling fee is $0.20 per listing. You need to sync your listing with Square Reader to be able to process payments in person.

Pattern Fee

What is it?

Etsy's Pattern is a platform that allows sellers to create customizable websites and sell their products directly to customers, separate from the central Etsy marketplace.

With Pattern, sellers can create a standalone website with their domain name and design and use tools and features provided by Etsy to manage their online store and process orders.

How much is it?

Etsy charges a fee for using Pattern. The fee is a monthly subscription that includes hosting, domain registration, and access to the Pattern platform and its features. You can try it for free for 30 days. After that, you'll need to pay $15 per month.

Multi-Quantity Fee

What is it?

Etsy's multi-quantity fee is a charge that is applied to sellers who list multiple quantities of the same item in a single listing. The fee is a percentage of the sale price for each additional quantity of the item that is sold.

How much is it?

The Etsy multi-quantity fee is not a percentage of the sale price for each additional quantity of the item sold. Instead, it is a $0.20 listing fee for each other item purchased from the listing.

This means that if a seller lists multiple quantities of the same item in a single listing, and a buyer purchases more than one of those items, the seller will be charged a $0.20 USD listing fee for each additional item that is purchased.

The fee is applied at the time of the sale and is in addition to the transaction, payment processing, and any other applicable fees.

Auto-Renewal Fee

What is it?

The auto-renewal fee allows sellers to keep their listings active without having to renew them each month manually. This helps ensure that your products remain visible in search results and shoppers can find your store easily. The auto-renewal fee is charged at the beginning of each month when a listing is automatically renewed.

How much is it?

The fee is calculated based on the number of active listings in your shop and the length of time they have been listed, with a maximum charge of $0.20 per listing. This helps sellers avoid the hassle of manually renewing their listings each month and encourages them to keep their products visible on Etsy.

Shipping Label Fee

What is it?³

You are not required to purchase a shipping label through Etsy. However, they are available for purchase in the US and Canada. So rather than going through the hassle of printing your labels, you can purchase a shipping label directly from Etsy.

The advantage of using Etsy's shipping labels is you can easily track your packages, and they are discounted with major carriers like USPS, UPS, and Canada Post.

How much is it?

It depends on the courier and the package you are sending.

Etsy Shipping

What is it?

Etsy Shipping is a service that allows you to ship items from your Etsy shop easily. It includes access to discounted USPS and UPS shipping rates, as well as the ability to print labels, track packages, and create shipping profiles. All of this makes it easier for you to get your products out the door quickly and safely.

How much is it?

The cost of Etsy Shipping depends on the type of shipment being sent, and the courier used. Generally speaking, USPS rates are the most affordable for domestic shipments, and UPS offers the best international shipping options.

Etsy also offers a flat-rate option that makes it easy to estimate your costs in advance, as well as discounted rates on certain services.

Gift Wrapping Fee

What is it?

On Etsy, gift wrapping is an optional service that some sellers offer to buyers. If a seller offers gift wrapping, they may charge a fee for this service, which is called the Gift Wrapping Fee.

This is an additional charge that is separate from the cost of the item itself and any other fees that may be applicable, such as the auto-renewal fee or transaction fees.

How much is it?

The Gift Wrapping Fee varies depending on the seller and the specific item being purchased. Some sellers may offer gift wrapping for free, while others may charge a fee for this service.

If a seller offers gift wrapping, they will typically include information about the service and any applicable fees in the listing description for the item. Buyers can view this information before purchasing to see if gift wrapping is available and, if so, what the associated fee is.

It's important to note that gift wrapping is an optional service, and buyers can choose whether to include it as part of their purchase.

Etsy Pricing Plans

Businesses have very different needs, depending on size and scope. To support these various requirements, Etsy offers two pricing plans for sellers: Standard and Plus.⁴ Let's take a look at what they offer.

Etsy Standard

The Standard pricing plan is the basic plan that is available to all sellers on Etsy. It includes the ability to list items for sale on the platform and access to basic tools and resources for managing a shop.

Under the Standard pricing plan, sellers are charged a listing fee of $0.20 for each item that they list for sale, as well as a transaction fee of 6.5% of the sale price for each item that is purchased.

Etsy Plus

The Plus pricing plan is an optional upgrade that provides sellers with additional features and benefits. Some features included in the Plus pricing plan include customizable shipping rates, advanced shop customization options, and access to promotional tools.

In addition to the standard listing and transaction fees, the Plus pricing plan also includes a monthly subscription fee of $10.

Sellers can choose to upgrade to the Plus pricing plan at any time, and they can switch between the Standard and Plus pricing plans as needed.

It's important to note that the Etsy Plus pricing plan is not required to sell on Etsy, and many sellers choose to use the Standard pricing plan. Sellers can compare the features and fees of each pricing plan to determine which option is the best fit for their business.

Save on Etsy with Wise

Like many other things on Etsy, you might get a hefty fee when payments are converted from abroad. This often takes place when customers are paying in their local currencies and Etsy does the currency conversion for you with a 2.5% fee.

But there is a smarter way to avoid high currency conversion fees. Get a Wise Business account. Wise offers local bank account details in up to 10 currencies, including GBP, USD, CAD, EUR, and more. When receiving in this account, you can avoid a currency conversion fee altogether.

Even if you're getting paid outside of these local currencies, you'll get your earnings with the competitive mid-market exchange rate.

Try the Wise Business account with no monthly fees. It could be a real money-saver for your Etsy store!

Get a Wise Business Account 👍

Learn More:

Etsy and Paypal: How You Get Paid and Other Alternatives

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Sources:

1. Etsy - Fee & Payments Policy
2. Square - Learn about Square’s fees
3. Etsy - Shipping policy our house rules
4. Etsy - Subscription Packages