00:00Big news for all you Etsy sellers in India. Let's get right into this important fee update.
00:05First things first, Etsy is seriously slashing its regulatory operating fee. What a drop.
00:10This means lower cost for you and you could even get some money back.
00:14So what even is this fee? It's for covering the costs of government compliance.
00:19It basically helps Etsy navigate all the different legal and tax rules worldwide.
00:24Yeah, you can think of it as everyone chipping in to cover these complex costs.
00:28But what does this really mean for your wallet? Let's crunch some numbers.
00:32Before, on an 1100 rupee order, you'd pay a fee of about 3 rupees.
00:37Now, that same order will only cost you 55 pace. That's a huge difference.
00:43And this chart just says it all. You can really see the savings on every sale.
00:47Okay, so what about the fees you paid at that older, higher rate?
00:51Well, if you made sales during this period, you could be getting a credit back.
00:55And the best part? It's all automatic. You don't have to lift a finger.
01:00So, to wrap it up, these are the three main things to remember from this.
01:04This change means more money for your business.
01:06So how are you going to use it?
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