We’re making it easier to manage your shop’s finances by combining your payment account and bill so you see everything in one place. Starting in June, we’ll automatically deduct any taxes or fees you owe from the money you’ve made from Etsy Payments sales. Way simpler, right?
We’ll also start showing your fees in your local currency if you use Etsy Payments, so it’s easy to understand how much you’ve made and what you owe. Sellers in Bulgaria, Croatia, Czech Republic, Hungary, Romania, and Poland will see their fees in Euros.
We know understanding your shop’s finances is important, so we wanted to give you a heads up that this change is coming. You’ll start to see these updates in June and you’ll see your first redesigned statement by July 1, 2018.
Sellers who only accept payments through PayPal:
If you’re based in a country that’s not eligible for Etsy Payments, you’ll continue to see the taxes and fees you’ve been charged on your monthly statement displayed in USD. You can continue to pay your outstanding balance via PayPal or with your credit card on file.
Learn more in the Seller Handbook:
http://etsy.me/financesWe’ll be answering some of your questions about this upcoming change in this discussion thread today. Your feedback is important to us.
https://www.etsy.com/teams/7722/discussions/discuss/18681225/
