Etsy Payments is a payment system integrated within the Etsy platform that simplifies the buying and selling process for users. It allows sellers to accept payment by authorized credit and debit card transactions, some bank transfer services, PayPal (where available), transactions using Apple Pay, and transactions using Google Pay. When a shop is enrolled in Etsy Payments, buyers can pay using any of the 10 payment options available in Etsy shops worldwide, including PayPal, Apple Pay, and Etsy gift cards. Etsy Payments gives buyers many options, including the ability to pay in their local currency, which can increase sales.

Etsy Payments simplifies finances for sellers by depositing all sales into their bank account in their local currency, no matter how buyers pay. Sellers can get paid daily, weekly, biweekly, or monthly, and can request additional deposits anytime. Etsy Payments also offers a Seller Protection Policy, which provides limited payment protection to the seller in the event that a buyer does not make payment for the purchase of a legitimate item sold using Etsy Payments.

Using Etsy Payments means that sellers will be charged a fee for each transaction made through Etsy Payments, which is separate from Etsys transaction fees. The payment processing fees will appear in the sellers Etsy payment account and will be deducted from the money taken before its deposited into the sellers bank account.

In conclusion, Etsy Payments simplifies the buying and selling process on the platform by offering a streamlined payment system within the Etsy ecosystem, eliminating the need for third-party payment processors, enhancing convenience and security for both buyers and sellers, and providing a consistent experience.