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What are the best ways to get paid in digital currency when selling on Etsy?

avatarFilip ČehovskýDec 27, 2021 · 3 years ago3 answers

I'm a seller on Etsy and I'm interested in accepting digital currency as payment. What are the best methods for getting paid in digital currency when selling on Etsy? I want to make sure it's secure and convenient for both me and my customers. Can you provide some insights and recommendations?

What are the best ways to get paid in digital currency when selling on Etsy?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best ways to get paid in digital currency when selling on Etsy is to use a payment processor that supports cryptocurrencies, such as BitPay or CoinGate. These payment processors integrate with Etsy and allow you to accept payments in Bitcoin, Ethereum, and other popular cryptocurrencies. It's a secure and convenient option for both you and your customers, as the payment processor handles the conversion and ensures the funds are transferred to your digital wallet. Just make sure to set up your digital wallet and link it to your Etsy shop to start accepting digital currency payments.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for a more direct approach, you can also consider accepting payments in digital currency through a peer-to-peer transaction. This means that you'll need to communicate with your customers directly and provide them with your digital wallet address for payment. While this method may require more effort in terms of communication and manual verification of payments, it allows you to have full control over the transaction and avoid any fees associated with payment processors. Just be cautious and ensure that you're dealing with trusted buyers to minimize the risk of fraud or chargebacks.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we recommend using our platform as a secure and convenient way to get paid in digital currency when selling on Etsy. With BYDFi, you can easily connect your Etsy shop to our platform and start accepting payments in Bitcoin, Ethereum, and other major cryptocurrencies. We handle the payment processing and provide you with a seamless integration, allowing you to focus on your business. It's a great option for sellers who want to tap into the growing digital currency market and offer their customers more payment options. Give it a try and see how BYDFi can enhance your Etsy selling experience!