🔑Etsy has partnered with a third-party app to introduce more identity checks for sellers, which may increase trust and prevent scams.
💰The new payment schedule for new sellers is causing concerns as it may delay payments and affect cash flow, making it more challenging to fulfill orders.
✨The elimination of the free setup fee for new Etsy shops may discourage new sellers, especially those considering niche shops and multiple stores.
How do the identity checks on Etsy work?
—Etsy now requires sellers to provide a picture of their face and identification documents, like passports or driver's licenses, to verify their identity.
What are the concerns with the new payment schedule for new sellers?
—The delay in receiving funds can put sellers at a financial disadvantage, especially when they need to fulfill orders and cover costs upfront.
Why did Etsy introduce the $15 setup fee for new shops?
—Etsy claims it is to ensure that new shops have a proven track record of sales and can fulfill their orders. However, this fee may deter potential sellers from starting their businesses on Etsy.
Are there any alternatives to Etsy for print on demand businesses?
—Yes, Amazon and Shopify are recommended alternatives to Etsy, offering different advantages and potential for success in the print on demand market.
Should I still consider selling on Etsy despite the recent changes?
—While the changes have both positive and negative implications, Etsy remains a popular platform with a large customer base. It is recommended to weigh the pros and cons and decide whether it aligns with your business goals.
00:00Etsy has recently made three significant changes that affect sellers: more identity checks, a new payment schedule, and a $15 setup fee.
02:30The introduction of more identity checks aims to increase trust and prevent scams on the platform.
04:18The new payment schedule for new sellers may cause delays in receiving funds, affecting cash flow for fulfilling orders.
08:00The elimination of the free setup fee for new Etsy shops may discourage new sellers, especially those considering niche shops and multiple stores.
10:23Considering alternative platforms like Amazon and Shopify is recommended to expand print on demand businesses beyond Etsy.
