When it comes to buying unique, hand-crafted or vintage items online, few marketplaces offer shoppers as much variety as Etsy. But does Etsy accept crypto payments? Whether you’re looking to spend some crypto on a one-of-a-kind gift from Etsy, or a skilled artisan who wants to get paid in crypto for your creations sold on the platform, read on to learn more about your options.
Can I use crypto on Etsy purchases?
Etsy does not currently allow direct crypto payments for purchases made through the platform. However, Etsy CEO Josh Silverman is himself a longtime Bitcoin holder, and said in an interview with CNBC last year that “it could be an interesting tender some day.” That said, there are still plenty of methods to transact with crypto on the Etsy platform, whether you’re a buyer or a seller.
How to use your crypto on Etsy as a buyer
As a buyer, you have two primary choices for spending crypto on Etsy:
- Make direct wallet-to-wallet payment with Etsy sellers
- Use the BitPay Card even with the Etsy seller doesn't accept crypto
Make a P2P wallet payment for Etsy purchases
Peer-to-Peer transactions (P2P) just means sending crypto from one wallet to another without any middleman or service. Sellers usually list the payment methods they accept on their shop policies page. If Bitcoin or another cryptocurrency is among them, go through the usual checkout process and select “other” as your payment method. Use the ‘Note to Seller’ section of checkout to indicate you’ll be paying with crypto. The seller will be notified of the sale and send along an invoice including their wallet address. You’ll then enter their wallet details and the amount of crypto you wish to send from your BitPay Wallet or the crypto wallet of your choice and voilà, the seller receives a notification the invoice has been paid and gets ready to ship your item.
Looking for places to spend crypto?
Using the BitPay Card to spend crypto like cash on Etsy
If you want to spend cryptocurrency at Etsy and millions of merchants around the world, the BitPay Card might be the solution you’ve been looking for. It’s a crypto debit card that instantly converts crypto to fiat for easy spending anywhere Mastercard is accepted.
The best crypto card for spenders
Getting one of your own is free and takes just a few minutes. First, download the BitPay app from your preferred app store. Once you’ve set up your wallet, load it with crypto, either through the BitPay Wallet directly or with a Coinbase account.
After that, follow the instructions to order your BitPay Card. There will be no credit checks, and once you’re approved you’ll receive a virtual card you can use right away. Users who prefer a physical card, we’ve got you covered. Simply put in a request for a plastic card and we’ll ship it to you post-haste.
The BitPay Card is the most convenient option for crypto spenders looking to spend their funds, enabling high-speed, secure transactions on everything from everyday purchases to big-ticket items. BitPay Card users can spend over a dozen cryptocurrencies as easily as cash, including: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Litecoin (LTC), XRP (XRP), ApeCoin (APE), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD), Euro Coin (EUROC).
The BitPay Card is loaded with so many security and convenience features it could easily become your go-to card for spending. It offers instant reloads, EMV chip-and-PIN security, and compatibility with Google Pay and Apple Pay. It even lets you withdraw cash at compatible ATMs anywhere on the planet. Plus you’re eligible for sweet crypto cash back rewards every time you spend.
How to accept crypto on Etsy as a seller
Etsy doesn’t discourage sellers from accepting Bitcoin payments, but it does take a few extra steps to offer it as an option to buyers. You’ll need to include “Other” as a payment option that’s available from your shop’s checkout page. To start accepting crypto payments, follow the steps below.
Step 1: Enable Manual Payment Methods
In your Etsy Shop Manager, click on Finances > Payment Settings. Click on Enable Manual Payment Methods. Then switch on Other.
Step 2: Create a Wallet (skip if you already have one)
In order to receive crypto, you need a crypto wallet. If you don't already have a wallet, you can create one for free. Visit BitPay to learn how to make your free BitPay Wallet. Take special care to secure your seed phrase and learn our top crypto security tips.
There are many different types of crypto wallets. The BitPay Wallet is a mobile/desktop wallet combo created with an emphasis on security, convenience and error-free transactions. The best wallet for your needs may vary.
Step 3: Share Your Wallet Address
Once you’re notified of a crypto transaction, you’ll need to send the buyer an invoice with the final transaction total and your wallet address. Once the buyer sends the Bitcoin payment you simply mark the transaction as completed on the site.
If you receive a high volume of sales, you may consider BitPay Billing. Sellers can set up a free BitPay Billing account to automate their Bitcoin invoicing through Etsy. Your customers will receive an invoice in their email inbox without you having to manually send your wallet address.
Step 4: Put the word out
First be sure to mention Bitcoin among your accepted payment methods on your shop policies page. This will help buyers looking for merchants that accept cryptocurrency.
And that’s it! You can accept crypto payments as an Etsy seller. Want to see more ways to accept crypto payments online? Visit BitPay’s for Business to find out how BitPay is helping businesses accept crypto and people pay with crypto.