Etsy Shop Suspended After Bank Change

Maxmum Alee · Dec 20, 2023

I operate multiple Etsy shops, some acquired from other sellers and a few established on joint venture (JV) . However, I encountered an issue two days ago when I changed the bank information for three of my shops and updated my Payoneer account. Subsequently, all three shops were suspended. The affected countries for these shops are Poland, Spain, and Ireland.

Payoneer Euro-Ireland bank. Can anyone please provide guidance on which bank is suitable for Etsy transactions?

irisXE · Dec 20, 2023

Some people are saying they're using virtual bank accounts from Revolut. If you have access to this app, you could try it.

Maxmum Alee · Dec 23, 2023

irisXE said:
Some people are saying they're using virtual bank accounts from Revolut. If you have access to this app, you could try it.

I'll try. Thanks a lot!

Mountassir · Dec 23, 2023

what about puttinng the real bank on your creation ?

anlorxen · Jan 10, 2024

Maxmum Alee said:
I'll try. Thanks a lot!

Hey there, have you experimented with revolut?

drums · Jan 10, 2024

Etsy policies are incredibly ridiculous, I don't understand them.

jojowkiko · Jan 11, 2024

wise work for Etsy?

anlorxen · Jan 11, 2024

drums said:
Etsy policies are incredibly ridiculous, I don't understand them.

It's pretty hard to understand and sometimes random. If you don't have someone that's knowledgable who is willing to share information with you, you can only experiment and be cautious and figure things out yourself

anlorxen · Jan 12, 2024

jojowkiko said:
wise work for Etsy?

I don't think wise would be safe for long period even if it works. Best is to go with tier 1 bank accounts. I heard revolut also works but i haven't tried it myself.

AllOutAnime · Jan 15, 2024

jojowkiko said:
wise work for Etsy?

I had one account with Etsy. It worked for several months and now it got suspended after several sales.
Every attempt to create a new account with Wise fails so I would not recommend it.

meerce · Jan 22, 2024

jojowkiko said:
wise work for Etsy?

I have no issues with Wise. Revolut is more problematic for me

Zera Api · Jan 22, 2024

Etsy suspends account if there is name mismatch

mr_helium · Jan 26, 2024

Zera Api said:
Etsy suspends account if there is name mismatch

a mismatch with bank name vs. ID name? or Home Address on ID and Etsy Address?

Maxmum Alee · Jan 27, 2024

anlorxen said:
Hey there, have you experimented with revolut?

Hey! I haven't had the chance to explore Revolut yet, and unfortunately, I'm having trouble finding a vendor who sells it.

Maxmum Alee · Jan 27, 2024

meerce said:
I have no issues with Wise. Revolut is more problematic for me

I've personally tried Wise, and it worked well initially with 1-2 accounts. However, when attempting to set up 4-5 accounts for my shop, I encountered issues. Unfortunately, my shop got suspended before I could even verify the bank. Based on my experience, I wouldn't recommend Wise to anyone.

Carlods99 · Jan 27, 2024

I used wise 1 time, worked

Bank mistmatch works

Maxmum Alee · Jan 27, 2024

AllOutAnime said:
I had one account with Etsy. It worked for several months and now it got suspended after several sales.
Every attempt to create a new account with Wise fails so I would not recommend it.

I'm encountering the exact same issue. My previous Etsy account was functional 2021 until it unexpectedly got suspended after 2000 successful sales. I've also tried to create a new account with Wise, but every attempt has failed. Based on my experience, I wouldn't recommend using Wise for this purpose either.

Maxmum Alee · Jan 27, 2024

Carlods99 said:
I used wise 1 time, worked

Bank mistmatch works

same time worked and sometimes not,
Not sure why

Carlods99 · Jan 27, 2024

Maxmum Alee said:
I'm encountering the exact same issue. My previous Etsy account was functional 2021 until it unexpectedly got suspended after 2000 successful sales. I've also tried to create a new account with Wise, but every attempt has failed. Based on my experience, I wouldn't recommend using Wise for this purpose either.

Depends how you make the account

Carlods99 · Jan 27, 2024

Maxmum Alee said:
same time worked and sometimes not,
Not sure why

The eur iban don’t work, the GBP and USA numbers works

Etsy Shop Suspended After Bank Change

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