If you’re a seller on Etsy, you can withdraw your sales proceeds into the World Account. With the World Account, you can hold your multi-currrency funds, make conversions at competitive FX rates, remit to your bank account, or pay your third-party suppliers abroad. You can even make purchases at wholesale sites like 1688.com directly with your World Account balance. With a few simple steps, you can start withdrawing your Etsy sales proceeds into the World Account.
The type of Receiving Account to set up for my Etsy store
You should set up a Receiving Account in the same currency as your Etsy Payments deposit currency.
| Step 1 – Set up the Receiving Account
- On your World Account dashboard, go to the “Collection” tab
- Then click on “Manage Accounts” > “Add a New Receiving Account”. You can then select the currency of your marketplace
- Once the account is set up, you can click on “Details” to get the account details
| Step 2 – Go to your Etsy seller dashboard
- On Etsy.com, select “Shop Manager“, and go to “Finance“
- Go to “Payments Settings“
- You can set your “deposit schedule” by choosing daily, weekly, biweekly, or monthly deposits
- You can then add your “Receiving Account” as the account on file
- If you’re adding a US-based account, your account will be instantly verified. If you’re adding an account outside of the US, additional verification steps will be required before you can receive deposits. Please refer to this Etsy guide for steps to complete account verification
- Your earnings will be automatically deposited into your World Account per your deposit schedule, as long as your balance meets the minimum requirement set by Etsy
You can now start collecting funds from Etsy with the World Account.
