How Much does it Cost to Sell on Etsy? ALL Etsy Fees Explained 2024

When starting selling on Etsy you need to know how to price your items, but before you can know how to price your items you have to understand ALL of the Etsy fees
and it seems like every year that there are more and more fees on Etsy, do you have to pay tax? VAT? ROF? what is processing fees and transaction fees? Why are fees coming out of your shipping costs?
How much does it really cost to sell on Etsy in 2024? I go through all the fees to give you an idea of how much you should be adding to your prices

[PoppysMum]

Hi Pam, I worked out years ago that total Etsy fees are approx 22%, or approx 34% if from an unwanted and very annoying Etsy off-site ad. We have VAT in the UK which goes on every element of our Etsy fees, which is why it is higher than Etsy lead us to believe

[susanjeffrey]

Hi Pam, great video.
Don’t know if you know this or if anyone as had these messages,
1, a lady wants to offer me £1000 dollars to buy my shop, marked it as spam.
2, messages off Etsy that my shop is temporarily suspended, wanting my email, Etsy already has my e mail, marked it as spam too.
Let your followers know.
Thanks Pam,
I have 84 digital kits for journaling, im paying about £3 per month for renewable listing fees after 3 months for listings, with no sales.
I hardly make anything when I make a sale, even working out fees, live in the UK.

[awlthatwoodcrafts]

For me, the fees I've paid are:

1. transaction fee: 6.5% for each sale
2. CC processing fee
3. transaction fee: for shipping
4 listing fee
5. offsite ads

For my 223 orders last year, all of those fees were 14.97% of my gross product sales (just my products, no shipping or sales tax). So far this year, it's 13.67%.

I don't run ads and I've only had 5 offsite ads charged since I started in April 2023 (over 250 orders).

EDIT: after watching the whole video, I should clarify that I'm in the US and I only sell to the US. My most popular item sells for $40, though it was $30 for most of 2023.

Where the payment processing and transaction fees become more expensive for lower priced items is in the extra 20 or 25 cents on top of the percentage. 25 cents is more of $10 than it is of $100. So, price your items accordingly.

[BlondieLou]

thanks Pam, its great to have a UK perspective for once, the Uk often gets forgotten by youtubers, most of the time you and Starla are the only two that mention the UK

[juliemaginn]

Thanks Pam, probably shouldn't have listened to that first thing in the morning 😂🤯 I usually allow about 20%, I've never been able to get my head round all the random fees. It's definitely harder for cheaper items like cards, it always bugs me it's the same listing fee whether something sells for £1 or £100 but I guess there's no way around that.
I stayed opted in to off-site ads as I think Etsy does a better job of promoting my items through that than if I did £1 a day ad fee, which I'm sure would go nowhere. I also stopped doing paid ads on Facebook since my Facebook shop disappeared so it seemed pointless.
As you say, the commission taken by bricks and mortar outlets, which I have 4, is way higher than Etsy fees so it's certainly worth it for me. I'll listen again when my brain is my awake 😆

[Laura-jeuw]

This was a very informative video pam! You really need to know your numbers when running a business and you have to invest quite some money before starting to make a profit. Makes me laugh when so many are now in shock when etsy starts charging 15 dollars to open your shop. Honestly, if thats too much of an investment you are definitely not ready to start a business. 15 dollars is nothing, especially if you know how expensive other platforms are (charging more than that yearly or even monthly).

[the.toxic.phoenix]

Fantastic video, thank you. Deff higher than I thought! My sales are 50% from on site adverts, even though most are return customers

[cjdragonsplanet]

Thanks Pam, this is what I expected. Living in Canada, that .20¢ is .31¢ depending on the US exchange rate. It is also cheaper to ship to the US then within my own country. I calculate 30% for Etsy fees and the cost of packing materials.

[fantasticmio]

Before watching: listing fee, sold something fee, and transaction fee. On top of that, I also have the off sides ad fee. When I had lots of items, I was also re-listing a lot, and at that time, my fees added up to about 28%. Now, I have fewer items (I am slowly closing my shop), and I never relist anymore, and my fees come in around 24%.

[kaorisax]

I have been waiting for a video like this for long time and Ilove the fact that you're UK based because we get all these hidden VAT charges other US based people don't talk about. My products are priced around 25 and more and after calculations I always see around in 21% fees lol.
Also does the currency conversion fee appear in the payment account where we see the breakdown off all fees?

[nas-nas]

Very nice and honest. Naked truth about hidden fees

[mdnahidseo]

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