-
Chatsworth posted an update Thursday, Feb 9, 2012, 1:20pm EST, 13 years, 8 months ago
Yes, on Etsy you have a choice of what payment methods you want to accept. I have mine set to PayPal and "other" which means I can specify to a particular buyer what payment methods I'll take; it also allows for the pre-arrangement of a layaway purchase if a seller wants to offer that option.
Etsy is just beginning to roll out a Direct Payment option, by which people could pay via credit card without having to use PayPal at all. It's only in "beta" at the moment, and available to a limited # of sellers, I guess to gauge how much interest there will be. Supposedly their fee will be a bit less than PayPal's (I believe it is either 3% or 3.5% instead of 3.9%, plus 25 cents instead of PayPal's 30 cents).
However, there are two significant differences which are offputting for me. One is that Etsy's direct-payment system won't offer discounted shipping labels, and my security software does not play nicely with the USPS online postage function. That essentially kills the Etsy option as far as I'm concerned. The other difference is that if you want money to be transferred from your Etsy DirectPay account into your linked bank account, they will only do that on Mondays -- unlike PayPal where they put the transfer request through immediately 24/7. It supposedly will take the same 3-4 days for the $ to be credited, same as via PayPal's method.