Compared to Etsy

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Comparison Table: Selling a $50 Artwork on Etsy vs. Wiggly Canvas

Welcome to Wiggly Canvas! I’m thrilled to have you onboard. Let’s dive into how your profit compares between selling on Etsy and our platform when selling a $50 artwork with a $9 shipping fee🎨✨

Note: VAT is assumed to be 15% as an average, but it will vary based on the customer's location.

Platform	Etsy	Wiggly Canvas
Base Price	$50.00	$50.00
Shipping Cost	$9.00	$9.00
Total Before VAT	$59.00	$59.00
VAT	15% of $59.00 = $8.85	15% of $59.00 = $8.85
Transaction Fee	6.5% of $59.00 = $3.84	Not Applicable
Payment Processing Fee	2.9% of $59.00 = $1.71	2.9% of $59.00 = $1.71
Additional Processing Fee	$0.30	$0.20
Total Fees	Transaction Fee + Payment Processing Fee + Additional Processing Fee = $3.84 + $1.71 + $0.30 = $5.85	Payment Processing Fee + Additional Processing Fee = $1.71 + $0.20 = $1.91
Total After VAT Deduction	$59.00 - $8.85 = $50.15	$59.00 - $8.85 = $50.15
Final Profit	Total After VAT Deduction - Total Fees - Shipping Cost = $50.15 - $5.85 - $9.00 = $35.30	Total After VAT Deduction - Total Fees - Shipping Cost = $50.15 - $1.91 - $9.00 = $39.24

Detailed Calculation

Etsy

Base Price: $50.00
Shipping Cost: $9.00
VAT: 15% of $59.00 = $8.85
Total Before VAT: $50.00 + $9.00 = $59.00
Transaction Fee: 6.5% of $59.00 = $3.84
Payment Processing Fee: 2.9% of $59.00 = $1.71
Additional Processing Fee: $0.30
Total Fees: Transaction Fee + Payment Processing Fee + Additional Processing Fee = $3.84 + $1.71 + $0.30 = $5.85
Total After VAT Deduction: $59.00 - $8.85 = $50.15
Final Profit: $50.15 - $5.85 - $9.00 = $35.30

Wiggly Canvas

Base Price: $50.00
Shipping Cost: $9.00
VAT: 15% of $59.00 = $8.85
Total Before VAT: $50.00 + $9.00 = $59.00
Payment Processing Fee: 2.9% of $59.00 = $1.71
Additional Processing Fee: $0.20
Total Fees: Payment Processing Fee + Additional Processing Fee = $1.71 + $0.20 = $1.91
Total After VAT Deduction: $59.00 - $8.85 = $50.15
Final Profit: $50.15 - $1.91 - $9.00 = $39.24

Summary

Etsy: Final Profit = $35.30
Wiggly Canvas: Final Profit = $39.24

As you can see, selling your artwork on Wiggly Canvas offers a higher profit margin. We’re excited to support you on this journey, allowing you to focus more on your art while we handle the rest. If you have any questions or need further assistance, feel free to reach out to us. Happy selling! 😊