If you have just opened an Etsy account, you might be wondering how their listing fees and payment processing fees work. Unfortunately, it can be difficult to calculate how much you will have to pay every time you sell a product. In this article, we will cover everything you need to know about Etsy fees and Etsy payments, before showing some of the best Etsy fee calculators you can start using today.
Because Etsy transaction fees can be a little difficult to estimate, many sellers choose to use a calculator that can deal with all related expenses, including the payment processing fee, shipping fees, deposit fees, and sales tax. If only there was a way to save time every month on Etsy bookkeeping? (spoiler alert: Link My Books has what you need right here)
The way Etsy seller fees calculators work is quite straightforward. First, you input your item's total sale price and cost (you should make sure you account for materials, labour, and any shipping expenses). Then, you choose whether you want to include the ad fee and... that's it! The calculator will give you a detailed breakdown of the Etsy shop item. Typically, you will also be able to see the details for all profits, profit margins, and all Etsy fees owed.
Before we jump into our pick of the best Etsy calculators, it helps to know what exactly those fees you’re looking at mean. While Etsy is a great platform to sell your products, fees can be a little difficult to understand when you're new to the site (in all honesty, they remain tricky even when you become a seasoned seller!). On top of a listing fee, you usually have currency conversion fees, Etsy payment processing fees, transaction fees, and sometimes even a monthly subscription fee.
There are a few different fees to keep in mind when using Etsy and Etsy ads. These are:
If you're looking for a simple way to calculate how much Etsy charges for your products, you can use one of the calculators we will mention in this section. But did you know you don’t need to do your Etsy bookkeeping manually? If you want to avoid complicated Etsy fees and tax calculations completely, Link My Books is here to help. So, let’s start with the manual options in case you want to try estimating your costs yourself:
If Etsy bookkeeping is stressing you out and you would rather spend time selling rather than calculating fees, VAT, and taxes, you can automate all your ecommerce needs using a fully automatic platform like Link My Books. Many Etsy sellers also offer their products across other platforms such as Amazon, eBay, and Shopify. If you need help calculating VAT and understanding how automated accounting can help with your fees.
Did you know that, with a simple 15-minute setup, you can save your business six hours of confusing Etsy calculation a month? Plus, if you use our Etsy accounting integration, you will never have to overpay tax again! Don't hesitate to contact us today and learn how you can automate your accounting so you always pay the correct taxes and don't need to take care of your Etsy processing manually.