Etsy is an online marketplace for creatives, a platform to sell unique, handcrafted items and vintage goods to a global audience.  For Nigerian sellers, navigating payments on Etsy can be difficult. Because payment options do not directly support Nigeria, sellers often face challenges when receiving funds for their hard work.

In this guide, you’ll learn how to overcome these hurdles, streamline your Etsy payments, and manage your finances using Grey.

Why selling on Etsy is worth it

Etsy is a favourite among buyers and sellers for several reasons:

• Global reach: Access millions of buyers worldwide who value handmade and vintage products.
• Diverse product categories: From jewellery and clothing to art and home decor, there’s space for nearly every creative passion.
• Supportive community: Etsy fosters a network of sellers and buyers who appreciate craftsmanship.

How to receive Etsy payments  as a seller in Nigeria

Thankfully, Grey provides a seamless way to receive international payments directly from Etsy. Here’s how:

1. Open your Grey app

Log in to your grey account to access your USD, GBP, or EUR international bank accounts.

2. Link your Grey account to Etsy

• Log into your Etsy seller account.
  To learn how to set up an Etsy account, click here
• Choose how you get paid.

• Select your bank’s country.

• Choose whether you’re registering as an individual or a business.

• Enter your personal information, i.e. name and address.

• Add your Grey US, EU, or UK bank account details, depending on your preference.

• Etsy will process payments to your Grey account, making it easy to manage your earnings.

With your Grey account linked, you can receive Etsy payouts directly into your international bank account. It is important to note that depending on the location you pick, you may have to fill in a valid address and social security number for your account to be verified.

3. Convert your earnings to naira

Grey makes it easy to convert your USD, GBP, or EUR earnings into naira at competitive exchange rates:

• Log into your Grey account and navigate to the “Convert” section.

• Select the currency you’d like to convert and specify the amount.

• Review the exchange rate and confirm the transaction.

• Your naira will be credited to your Grey wallet almost instantly.

What are the benefits of using Grey for Etsy payments?

Using Grey simplifies the payment process for Nigerian Etsy sellers. Here’s why:

• Access to multiple currencies: Receive payments in USD, GBP, or EUR, depending on your buyers’ preferences.
• Competitive exchange rates: Maximise your profits when converting to naira (NGN).
• Transparent fees: Enjoy clear, straightforward pricing without hidden charges.

What are the tips for success as a Nigerian seller on Etsy?

• Optimise your listings: Use high-quality photos and detailed descriptions to attract buyers.
• Engage with your audience: Build trust and loyalty by responding promptly to messages and providing excellent customer service.
• Offer international shipping: Make your products accessible to buyers worldwide.
• Leverage social media: Use platforms like Instagram and Pinterest to showcase your products to drive traffic to your Etsy shop.

Simplify Etsy payments with Grey

You no longer need to worry about how to receive payments or convert your earnings. With Grey, you can manage your finances seamlessly and focus on growing your creative business.

Create a Grey account today and unlock a world of possibilities for your Etsy shop wherever you are in Nigeria.

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