Account & Payment Setup

In This Section, You Will Learn:

• • Etsy account requirements for Pakistanis
• • Setting up Payoneer for Etsy
• • Creating your Etsy shop
• • Etsy fees breakdown
• • Common setup mistakes to avoid

Etsy Account Requirements

• What You Need:
• • Email address
• • Phone number
• • Valid ID (CNIC for Pakistanis)
• • Payoneer account (verified)
• • Bank account for Payoneer withdrawals
• Important Rules:
• • One shop per person
• • Real information required
• • Names must match across Etsy-Payoneer-CNIC
• • No VPN during setup

Setting Up Payoneer for Etsy

• Step-by-Step Payoneer Setup:
• 1. Go to payoneer.com
• 2. Click 'Register' → 'Receive Payments'
• 3. Enter details EXACTLY matching CNIC
• 4. Upload clear CNIC photo (front & back)
• 5. Add Pakistani bank account
• 6. Wait for approval (1-3 days)
• After Approval:
• • Get your US receiving account
• • This is what you'll use for Etsy
• Critical Matching:
• • Name on Payoneer = Name on Etsy = Name on CNIC
• • Even small spelling differences cause issues!
• Payoneer Fees:
• • Receiving: 1%
• • Withdrawal to PKR: ~2%

Creating Your Etsy Shop

• Step-by-Step Shop Creation:
• 1. Go to etsy.com → Click 'Sell on Etsy'
• 2. Click 'Open Your Etsy Shop'
• 3. Set shop language (English)
• 4. Set shop country (Pakistan)
• 5. Set shop currency (USD recommended)
• 6. Choose shop name (unique, memorable)
• 7. Add first listing (required to open)
• 8. Set up payment through Payoneer
• 9. Set up billing (for Etsy fees)
• Shop Name Tips:
• • Make it memorable and brandable
• • Easy to spell and pronounce
• • Related to your niche
• • Check availability on social media too

Understanding Etsy Fees

• Etsy Fee Structure:
• • Listing Fee: $0.20 per listing (4-month duration)
• • Transaction Fee: 6.5% of sale price
• • Payment Processing: 3% + $0.25 per order
• • Offsite Ads Fee: 12-15% (optional, can turn off)
• Example Cost Calculation ($10 product):
• • Listing fee: $0.20
• • Transaction fee (6.5%): $0.65
• • Payment processing: $0.55
• • Total fees: ~$1.40 (14%)
• • Your earnings: ~$8.60
• Pro Tip: Price products to account for fees + leave profit margin
• Offsite Ads:
• • Etsy promotes your products externally
• • Can turn off if you make under $10K/year

Common Setup Mistakes

• Avoid These Errors:
• • Name mismatch (Etsy vs Payoneer vs CNIC)
• • Using VPN during registration
• • Incorrect country selection
• • Rushing through verification
• • Multiple accounts
• Name Matching is CRITICAL:
• • If CNIC says 'Muhammad Ali'
• • Payoneer must say 'Muhammad Ali'
• • Etsy must say 'Muhammad Ali'
• • NOT 'M. Ali' or 'Mohd Ali'
• If You Make a Mistake:
• • Contact Etsy support immediately
• • Update Payoneer to match
• • Be patient and honest