Hi everyone, I'm Isabella and I'm an education specialist on Etsy's Community team
Today, we're talking about your Payment account.
Your Payment account is where you can manage your Etsy shop finances.
In this video, we'll go over some of the numbers you may see in your Payment account,
such as your Amount Due, what's Available for Deposit, and your Current Balance
To get started, let's head to the Finances section of your Shop Manager
and click into the Payment account.
Your payment account gives you an overview of all the
different aspects of your shop's finances - so you can understand everything in a glance
Let's start with your recent activity and current balance
The Recent activity section shows your shop's latest financial activity
Each row is either a credit, like money you've made from a sale, or a debit - your Etsy fees.
These totals are added together to calculate your current balance.
Your current balance is a running total of these activities
and may fluctuate frequently throughout the day, depending on what's happening in your shop
Your current balance may not match your "Amount due" or "Available funds for deposit"
We'll explain why in a little bit.
FYI: Your Payment account provides of a snapshot of your recent activity
up to 30 rows.
If you want to see even more, just click into your monthly statement
at the bottom of your Payment account.
You can also download a CSV file of your monthly statement for your files.
Now, let's take a look at the amount due section.
On Etsy, we subtract Etsy fees from the money you make from your sales.
In this section, you'll see a "balance due" if you have Etsy fees from a previous month
That weren't covered by your sales.
On the first of the month, if your current balance is negative
that's the amount you will need to pay to keep your shop in good standing.
For example if you had $57.20 USD of fees this month
and made $33.00 USD in sales, you'd see an "amount due"
of the $24.20 USD on the 1st of the next month.
If you pay your bill manually, you'll see a "Pay Now" button.
Just click it to pay your balance.
You can also enroll in auto-billing, where available,
and we'll automatically charge your card on file
for any amount due on the first of the month,
or any time you reach your fee threshold amount before the first of the month,
which occurs if you have a negative balance greater than or equal
to a predetermined amount known as your fee threshold -
One less thing for you to worry about each month.
Finally, let's review the available for deposit module.
When you have money left over, or fees are deducted from your sales,
you'll have a positive balance - we call this "Available for Deposit."
When you make a sale, there can be a small delay,
Once that money is available, it'll be reflected in your "Available for Deposit" total.
Because of this delay, your current balance can sometimes
be more than your "Available for Deposit" total because it includes
sales you've made that aren't available to be deposited to your bank just yet.
You can check the Activities section of your monthly statement
to see when a sale will become available.
It's easy to see when and where you'll get your next deposit.
At the top of your Payment account, we show you:
your deposit schedule, which is how often you'll receive automatic deposits,
the date of your next scheduled deposit,
and the bank account where we'll send your money.
Let's say you make sales totaling $100.00 USD
and you pay $21.84 USD in fees.
Your "Available for Deposit" total would be $78.16 USD.
In this example, the seller has set up daily deposits,
so the money would be sent to the bank account ending in 1234
on the next available deposit date.
In some cases you may need to meet a minimum deposit amount,
which varies by country, to receive your funds.
If you're a seller in the US on the daily deposit schedule,
your "Available for Deposit" total must be more than $25.00 USD to receive your funds.
If you have $6.52 USD available in your payment account,
you won't receive a deposit just yet.
However you can schedule an earlier deposit
to send the funds to your bank account on the next available deposit date.
In some countries, you must meet a deposit minimum
before you can get a deposit, and there may be a fee
for deposits under a certain amount.
We'll deduct this fee, and applicable tax
from your balance when the money is sent to your bank account.
In this case, you'll see a message in your Payment account
letting you know if you'll be charged for this fee
or if you haven't met the deposit minimum.
For example, if you're a seller located in Turkey,
the fee to get a deposit at or under TL600.00
is TL42.00.
So if you have TL93.14 in your Payment account,
your "Available for Deposit" will show TL51.14
your total minus the deposit fee.
And don't forget: you must have a valid credit or debit card on file
to receive your deposit.
If your card expired, you can add a new one by clicking "Update"
on your Amount due module.
We hope this helps answer some of your questions about your Payment account.
Check out our Help Center for more information about the Payment account
fees and taxes for selling on Etsy,
or receiving funds to your bank account.
We've linked to articles from our Help Center on all of these topics
in the video description below.
If you have any additional questions for us
please don't hesitate to reach out to Etsy support.
Thanks for watching.