More info I found under Shop Payment Account not sure if everyone has this as an option to the left of the screen under Shop Settings.
Why Sign Up for Direct Checkout
•Direct checkout is quick, easy, and all on Etsy.
•Direct checkout enables acceptance of all major credit cards, making payment as easy as possible for your buyers.
How Direct Checkout Works
•Buyers will enter their credit card information on the checkout page, without being redirected.
•Funds will appear in your Shop Payment Account and will be available for deposit into your bank account after you ship the sold item, or after 3 days from the date of the sale, whichever is later.
•We will automatically deposit your funds into your bank account once a week on Mondays, or you can request earlier deposits if you want your money sooner.
•In case you ever need to issue a refund, you will do it all through Etsy. The amount will be deducted from your Shop Payment Account or charged to your card on file.
What Direct Checkout Costs
•Direct checkout costs a 3% + $0.25 processing fee per order. This fee is applied to the full order amount including shipping and tax.
•The fee is deducted directly from the order amount at the time of purchase, unlike your transaction fees and listing fees.
•Transaction fees (3.5%) and listing fees ($0.20) appear on your monthly bill.
Terms
http://www.etsy.com/help/article/1883FAQs
http://www.etsy.com/help/topics/#Direct_CheckoutPlus here is a team for Direct Checkout.
www.etsy.com/teams/11969/direct-checkout
Just read with an open mind, some people are really upset while others like me are not.