Known as the "Lion City," Singapore's blend of innovation and tradition has inspired countless creatives, many of whom have started selling on Etsy. Etsy is an online marketplace for creatives, a platform to sell unique, handcrafted items and vintage goods to a global audience. This guide will show you how to receive Etsy payments and manage your finances seamlessly using Grey.

Why Singaporean sellers should use Etsy

Selling on Etsy offers a multitude of benefits for Singaporean creators and entrepreneurs:

• Global reach: Etsy connects you to millions of buyers worldwide who appreciate handmade and unique products.
• Diverse product categories: From handmade crafts to vintage finds, Etsy allows you to showcase your unique creations.
• Supportive platform: Etsy provides valuable tools to help sellers manage their shops and grow their customer base.

Also read: How to receive payments on Etsy as a seller in Ghana

How to receive payments on Etsy using Grey in Singapore

Grey provides an easy solution for receiving international payments as a Singaporean Etsy seller. Follow these steps to get started:

1. Open your Grey app

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

2. Link your Grey account to Etsy

• Log into your Etsy seller account.
  To learn how to set up an Etsy account, read How to set up an Etsy account for beginners.
• 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.

Also read: How to receive payments on Etsy as a seller in Nigeria

Why use Grey for Etsy payments?

Grey simplifies the payment process for Singaporean Etsy sellers. Here’s why it’s the best choice:

• Access to multiple currencies: Receive payments in USD, GBP, or EUR depending on your buyers’ preferences.
• Competitive exchange rates: Maximise your earnings when converting to Singapore dollar (SGD).
• Secure transactions: Grey’s robust security features ensure your funds are protected.
• Hassle-free withdrawals: Transfer your earnings to your local bank account with ease.

Also read: How to withdraw to your local bank account on Grey

Tips for succeeding as a Singaporean seller on Etsy

• Optimise your listings: Use high-quality photos and detailed descriptions to make your products stand out.
• Offer international shipping: Expand your customer base by providing global shipping options.
• Respond quickly: Engage with buyers by answering queries promptly and addressing concerns professionally.
• Leverage social media: Promote your products on platforms like Instagram and Pinterest to drive traffic to your Etsy shop.

Also read: How to receive payments on Etsy as a seller in South Africa

Simplify Etsy payments with Grey

With Grey, you can stop worrying about Brazilian Etsy payouts or converting your earnings from Etsy. Now you can manage your finances seamlessly and focus on growing your creative business.

Sign up for a Grey account today and unlock a world of possibilities for your Etsy shop in Singapore.

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