Etsy updates the information summary method of the seller's payment account and adds tool tips

2022-11-21
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Author:Blue Ocean Yiguan
Source: egainnews

B2bEtsy updates the information summary method of the seller's payment account and adds tool tips

EtsystaypaymentSome changes have been introduced, and the way Etsy summarized and displayed the seller's financial situation has been readjusted, so thatEtsy SellerIt is easier to understand and use information about sales, expenses and profit margins.

EtsythinkThese tangible changes can not only help sellers review sales, but also effectively planEtsyThe future of the store.Blue Ocean Yiguan has learned that there will be two payment accounts for Etsy sellersindividualMajor changes.

1. Simple and clear financial summary

Etsy updated the way to summarize information: refunds, total sales and taxes, making it easier for sellers to understand their financial situation. In these summaries, all refunds, points, fees and sales taxes are listed separately.

twoTooltips

Etsy has added tooltips and descriptors for all expenses, so the seller can betterUnderstand the content and reason of charges

The e-commerce platform Etsy updates the information summary method of the seller's payment account and adds tool tips

INew summary group

The Activity Summary is now divided into four parts: Sales, Fees, Marketing and Shipping (if qualified).

At present, the shipping labels on Etsy can be provided to sellers in the United States, the United Kingdom, Canada and Australia. Note that Sales tax/VAT will appear in the corresponding section of the summary:

1. According to the local laws and regulations of the Buyer and the Seller, the Buyer may charge business tax/VAT on its orders. Etsy requires to collect the business tax/VAT and remit the Sales tax/VAT to the local tax authority.

This is paid by the buyer in the order and will be displayed under "Sales tax paid by buyer (Submitted)" or "VAT paid by buyer (Submitted)" in the sales section of the seller's payment account.

2. According to the local tax law, some sellers may have to pay VAT for their sales fees. This is a tax paid by the seller and will be charged in the Fees, Marketing, or Shipping section. This can be marked as sales tax or VAT, GST or HST, depending on local regulations and market terminology.

(1)Sales summary

Etsy sellers can see "Total sales", or the amount paid by buyers for orders.

Refunds are now divided into "Refunds".

Cross border e-commerce logistics Etsy updates the information summary method of the seller's payment account and adds tool tips

(2)Fees summary

Listing fee, handling fee and transaction fee are now listed separately. When the seller gets a fee refund or points, it is explicitly called "Credits" under each section.

If the seller receives an Etsy fee debit or credit card within the selected time, it will be displayed as "Misc. Etsy debit" and "Misc. Etsy credit" under the Fees summary.

(3)Marketing summary

The seller will see any related marketing expenses, such as Etsy AdsOffsite Ads, Etsy Plus subscription.

The cross-border e-commerce Etsy updates the information summary method of the seller's payment account and adds tool tips

(4)Shipping summary

Now, this section will only be displayed for those who can purchaseEtsy TransportationThe seller of the label, that is, the seller located in the United States, the United Kingdom, Canada and Australia.

2、 New tooltips(New Tooltip)

Because manyWhen the Etsy seller carefully reads the details of the payment account, he sees a line of items but does not understand what they represent. Etsy makes changes to this situation.

Etsy added almost all new summary itemstooltipsTooltip), these items may make the seller have questions, such as sales tax, VAT and all expenses. These tooltips will clearly prompt relevant information,For example, why and how much they charge.

3、 Other changes: update of Recent activities

According to Blue Ocean Yiguan,Etsy has updated the Recent activities line project. Each activity has a separate line. For example, sales tax and handling fee are separate lines (no longer included in the Sales line).

Cross border e-commerce logistics Etsy updates the information summary method of the seller's payment account and adds tool tips

(Polly ZhangNew media of cross-border e-commerce - Blue Ocean Yiguan website domain news) connects with high-quality resources of cross-border e-commerce.Wal Mart, CoupangWayfair 、Mercado Libre and other platforms settledBrand copywriting planning, network wide promotion, e-commerce training, incubation and other services, please contact us. No unauthorizedRewriting, reprinting, copying, clipping and editingIn whole or in part.

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