Important Updates for Etsy Shops

🔒Enhanced identity verification is now required to open a shop, using a third-party software called Persona.

💰A one-time setup fee of $15 will be charged for new shops to support enhanced security measures.

⏰Payment schedules for new shops may be adjusted, resulting in longer waiting times for funds to become available.

📢These changes will be implemented over the next few months, and Etsy will communicate with sellers during the setup process.

💡To avoid the setup fee, it is recommended to open a shop now if you have been considering it.

Will these changes affect existing Etsy shops?

—No, these changes only apply to newly created shops. Existing shops are not affected.

Why is enhanced identity verification necessary?

—Enhanced identity verification is implemented to prevent scams and ensure a trusted and safe shopping experience for buyers.

How much is the one-time setup fee?

—The one-time setup fee for new shops is $15.

How long will new shops have to wait for their funds to become available?

—The exact waiting time for funds to become available will be communicated to new shops during the setup process.

When will these changes be implemented?

—These changes will be implemented over the next few months, and Etsy will inform sellers during the setup process.

00:00Etsy is making changes to shop requirements and fees.

01:59Enhanced identity verification using third-party software Persona will now be required.

03:40A $15 one-time setup fee will be charged for new shops to support enhanced security measures.

05:26Payment schedules for new shops may be adjusted, resulting in longer waiting times for funds to become available.

07:48These changes will be implemented over the next few months, and Etsy will communicate with sellers during the setup process.

08:32To avoid the setup fee, it is recommended to open a shop now if you have been considering it.