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Etsy is one of the most popular online platforms for creators and crafters. Quite a few people have managed to earn a living from selling their crafted goods on Etsy so far. The company acknowledges this potential and expanded their range of accepted payment methods.
From the moment Etsy was introduced, creators of physical objects saw it as a great way to sell their products to customers all over the world. Among items, one can find there are custom Pokemon balls, clothing, and wooden objects. For people who like to create things and collect valuable feedback from potential customers, Etsy is the platform to do so.
But the platform has been dealing with drawbacks as well. Particularly where payments are concerned, the options are somewhat limited. Additionally, there is very limited support for local currencies, which is not great either. For a company with such a global appeal – and serving 1.7 million sellers – things had to change.
Etsy Is Taking Things To The Next Level
Now that Etsy has partnered with Adyen, that situation has improved significantly. Adyen offers more support for local currencies, as well as a wide range of accepted payment methods. With nearly 250 supported payment options, this is great news for all platform users looking to increase their customer base.
Etsy Senior Director of Payment Operations James Esposito stated:
“Our goal at Etsy is to leverage technology to bring people together through commerce. Working with Adyen enables us to further optimize the buying and selling environment for our community. We believe that this relationship will strengthen our ability to disburse payments to sellers quickly and reliably as well as our ability to offer our buyers the opportunity to pay with their payment method of choice.”
Adyen has quickly become one of the most prominent payment processors in the world. The company primarily focuses on global payment options,. is at the top of that list. This partnership is also great news for sellers on the platform, as they can now attract even more customers from all over the world. Moreover, this news will increase customer conversion in existing markets.
Note from the Author: Unfortunately, we have learned Adyen no longer accepts Bitcoin as a payment method. The company never released an official statement regarding dropping support for cryptocurrency.
For now, it remains to be seen how many sellers decide to enable these new payment options. For anyone who wants to expand their customer base on a global scale, it is certainly worth considering. Since Adyen processes the payment, there is no risk of experimenting with some of the new options the company provides. Sadly, that will not include Bitcoin.
Header image courtesy of Shutterstock
