Both sides get checked rather than listened to
Nothing here announces a stock change, so the timers are worth understanding.
Etsy will not report a sale as it happens, so it gets polled: quantities at two-minute intervals, orders at five. Squarespace is halfway to live. It announces an order immediately, but a quantity you edit inside Squarespace is not announced either, so that gets looked for every couple of minutes as well. Between the two, most of what moves on this pair reaches us on a check rather than the instant it happens.
In practice that means one thing worth planning for. If the same item is close to selling out on both sides at once, there is a window of a couple of minutes in which each shop still believes it has one. Safety stock on your fastest lines closes it. On a catalogue that turns over slowly, you will never notice the timers are there at all.
Orders are the exception worth knowing about. A Squarespace sale reaches us as soon as it is placed, so that side is quick regardless of the stock timer. Etsy orders come in on the five-minute check. If you batch your picking anyway, neither figure changes how your day runs; the timers only matter when you are down to the last one or two.