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22 Oct. 2023

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Etsy Payments is being launched in Ukraine: what opportunities does it offer?

Finance
Popular
Ukraine
Etsy Payments is being launched in Ukraine: what opportunities does it offer?

Ukrainians will have the opportunity to scale in the international e-commerce ecosystem and gain access to more than 90 million buyers. Find out what Etsy Payments is, what opportunities this payment system opens up, and why it is important for Ukraine

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According to the Minister of Digital Transformation, Mykhailo Fedorov, the Etsy Payments payment system is launching in Ukraine.


"The online platform Etsy brings together more than 90 million buyers from around the world and specializes in selling handmade goods, vintage items, and craft products. Now, Etsy's own payment interface is being launched in Ukraine," the statement said.


According to Fedorov, the company has been supporting Ukraine since the beginning of the full-scale invasion, and now Ukrainian entrepreneurs will have even more opportunities to develop their business.


What are the benefits and opportunities of launching Etsy Payments in Ukraine?


Prior to the launch of the Etsy Payments payment system, foreigners buying goods from Ukrainian sellers could only pay for their purchases through the PayPal app. In addition, Ukrainians could not open new stores on Etsy before. But with the launch of Etsy Payments, this will change.


Access to the payment system will allow Ukrainian entrepreneurs to officially sell their goods to people from America, Europe, and Asia, and foreign buyers will be able to pay for Ukrainian goods with any card in the world.


In addition, sellers on the platform will have access to the Etsy Purchase Protection system, special round-the-clock support, and will be able to manage all the financial data of their store.




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Why is Etsy Payments important for Ukraine?


In 2021, the Etsy marketplace made global changes in cooperation with entrepreneurs from around the world and blocked the ability to register stores for those who are not connected to the Etsy Payments financial system. So, Ukraine is also on this list.


Thus, according to Mykhailo Fedorov, the launch of Etsy Payments in Ukraine is a big step towards scaling up the participation of Ukrainians in the international e-commerce ecosystem and an important part of the systemic work of the Ministry of Digital Transformation.


How to support Ukraine and Ukrainians?


Today, supporting Ukraine is not only an opportunity to show solidarity with the country and its citizens, but also a way to make a personal contribution to the victory of goodness and justice, as well as international security.


You can do this easily and quickly by purchasing Visit Ukaine merchandise. We offer a wide range of clothing, accessories and home goods that will allow everyone to find something to their liking. 


By purchasing VU merchandise, each customer automatically becomes an ambassador of Ukraine abroad and helps the country to spread the word. In addition, we transfer $10 from each purchase to support Ukrainians in Ukraine and abroad, so by purchasing our merchandise you do 3 good deeds at once:


1. You show solidarity with Ukraine and Ukrainians in this terrible war.

2. Financially support those who suffered from the russian invasion.

3. Work on the information front by simply wearing comfortable and stylish VU clothing in everyday life.


Follow the link and buy Visit Ukraine merchandise with worldwide shipping!


We remind you! Since 2021, Visit Ukraine has helped more than 23 million people from 196 countries to get the information they need. Read more about the statistics and geography of requests and visitors to the VU website in our previous article.


Photo: Getty Images


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




You may be interested in:


Visit Ukraine Donation - make a good deed and an important contribution to the Victory of Ukraine;

Visit Ukraine Legal advice - comprehensive legal support on entry to Ukraine;

Visit Ukraine Tours - the largest online database of tours to Ukraine for every taste;

Visit Ukraine Merch - choose patriotic clothing and accessories with worldwide delivery;

Visit Ukraine News - get the latest news and updates in our Telegram channel;

Cooperation - cooperation and advertising integrations with Visit Ukraine and Visit World projects.




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