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Etsy updated its seller policies in April 2024. What are these changes, and how do they affect opening an Etsy shop? This article details the security fee, listing fee, and essential considerations for launching your Etsy shop in April 2024.
$15 Security Fee for New Etsy Shops
Etsy implemented a $15 security fee for all new shops opened in April 2024. This fee funds Etsy’s partnership with a third-party security company to enhance security for both buyers and sellers on the platform. You’ll be notified of this fee upon shop creation and must pay with a credit card with sufficient funds.
$0.20 Listing Fee Per Item
In addition to the security fee, Etsy also applies a $0.20 listing fee for each product listed. This fee is charged immediately upon listing, adding to the $15 security fee for a total of approximately $15.80 USD. Previously, listing fees were billed after a few weeks on a billing cycle. This change allows sellers to understand their upfront costs and manage their finances proactively.
Identity Verification: No Video Call Required
Many sellers wonder if they need to verify their identity via video call, as required on platforms like Amazon. The answer is no. Etsy only requires you to upload a clear image of the front of your government-issued ID. You don’t need to hold your ID while taking the picture or participate in a video call.
A More User-Friendly Interface
Etsy updated its product listing interface, making it more user-friendly and intuitive. While the fundamental steps of listing a product remain the same (such as providing a title, images, price, and shipping details), the new interface offers a smoother user experience.
Conclusion
Opening an Etsy shop in April 2024 involves changes to the security and listing fees. You’ll need $15 available on your credit card for the security fee and $0.20 for each listed product. However, the shop opening process remains straightforward and doesn’t require identity verification via video call. The new interface also simplifies product listing. We hope this information helps you prepare for launching your Etsy shop. Start selling on Etsy today!