When shopping on Etsy, it’s important to know what currency is used when buying. Fortunately, Etsy offers a variety of currency options to choose from, making it easy for buyers to shop in their preferred currency. To set your preferred currency, simply go to your Payment Settings in your Shop Manager and select the currency you want to use.
Etsy currently supports a wide range of currencies, including the United States dollar, Australian dollar, British Pound, Canadian dollar, Euro, and many more. When buying from a seller who lists in a currency other than your preferred currency, Etsy will convert the listing price for you using an approximate conversion based on current exchange rate data. Keep in mind that when a currency conversion is required, Etsy applies an additional currency conversion charge, and calculation rates are updated regularly.
Understanding Etsy
What is Etsy?
Etsy is an online marketplace that connects buyers and sellers from all over the world. It was founded in 2005 and has since grown to become a global platform with millions of active buyers and sellers. Etsy is known for its unique selection of handmade and vintage items, as well as craft supplies and tools.
One of the things that sets Etsy apart from other online marketplaces is its focus on community. Etsy sellers are encouraged to interact with buyers, share their stories, and create a personal connection with their customers. This makes Etsy a great place to shop for people who are looking for one-of-a-kind items and want to support independent creators.
Etsy’s Global Reach
Etsy is a global platform, which means that buyers and sellers can be located anywhere in the world. This can sometimes lead to confusion about what currency is used on Etsy when buying. When buying from a seller who lists in a currency other than your preferred currency, Etsy converts the listing price for you using an approximate conversion based on current exchange rate data. When a currency conversion is required, Etsy applies an additional currency conversion charge. Calculation rates are updated regularly.
Etsy Payments currently supports a wide range of currencies, including USD, AUD, GBP, CAD, EUR, HKD, IDR, ILS, MYR, MXN, MAD, and NZD. However, it’s important to note that not all sellers may offer items in every currency. If you’re unsure about what currency a seller is using, you can always contact them directly to ask.
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Currency on Etsy
Default Currency
By default, Etsy displays prices in the currency of the seller’s country. For example, if you are browsing a shop that is based in the United States, prices will be displayed in US dollars. However, if you are browsing a shop that is based in the United Kingdom, prices will be displayed in British pounds.
Currency Conversion
If you are shopping on Etsy and the seller lists in a currency other than your preferred currency, Etsy will convert the listing price for you using an approximate conversion based on current exchange rate data. When a currency conversion is required, Etsy applies an additional currency conversion charge of 2.5% on the sale amount. Calculation rates are updated regularly.
If you are a seller, you can list items in your preferred currency by setting your shop currency. Your shop currency is a universal setting for all listings in your shop. To set the currency for your shop, sign in to Etsy.com, click Shop Manager, click Finances, click Payment Settings, and then click Currency. Select your preferred currency.
Etsy Payments currently supports several currencies, including the United States dollar, Australian dollar, British Pound, Canadian dollar, Euro, and more. Check the Etsy Help page for a complete list of supported currencies.
Buying on Etsy
Payment Methods
Etsy offers several payment methods to make purchasing items on the platform easy and convenient. You can use credit or debit cards, Etsy gift cards, Etsy credits, Apple Pay, Google Pay, PayPal, Klarna Financing (United States), and Klarna installment payments (Australia, Canada, Spain, United Kingdom, United States) to complete your purchase.
International Purchasing
Etsy supports multiple currencies for payments. However, when buying from a seller who lists in a currency other than your preferred currency, Etsy converts the listing price for you using an approximate conversion based on current exchange rate data. When a currency conversion is required, Etsy applies an additional currency conversion charge. Calculation rates are updated regularly. Therefore, it is essential to check the currency settings before making an international purchase.
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Frequently Asked Questions
Currency Fluctuations
When buying from a seller on Etsy who lists in a currency other than your preferred currency, Etsy converts the listing price for you using an approximate conversion based on current exchange rate data. It is important to note that currency exchange rates fluctuate constantly, so the converted price you see may not be the exact amount you are charged.
Additionally, when a currency conversion is required, Etsy applies an additional currency conversion charge. Calculation rates are updated regularly, but it is always a good idea to keep an eye on exchange rates yourself to ensure you are getting the best deal.
Refunds in Different Currencies
If you receive a refund on Etsy, the amount refunded will be in the same currency as the original transaction. This means that if you purchased an item in British pounds, and the seller refunds you, the refunded amount will also be in British pounds.
If you used a credit card to make the purchase, your credit card company will handle the currency conversion at the current exchange rate. However, keep in mind that your credit card company may charge additional fees for currency conversion, so it is always a good idea to check with them before making a purchase in a foreign currency.
Overall, it is important to be aware of currency fluctuations and exchange rates when buying on Etsy to ensure you are getting the best deal and avoiding any unexpected fees.