How Can I View The Fee Breakdown On My PayPal Orders? Are Selling Fees Charged on Shipping? My experience selling on reverb has been stellar. Reverb does protect the seller far better than eBay ever did. Posted by 6 months ago. Etsy must be to blame. It's Paypal's (or whoever's fee). Thread starter cellophanenick; Start date Jul 14, 2020; C. cellophanenick Member. Are Selling Fees Charged on Shipping? Competition and constructive critique is necessary to keep users (buyers as well as sellers) from being taken advantage of. For selling quality vintage archtops nothing tops consignments on archtop.com. As a Reverb Preferred Seller, you will have the lowest processing fee available, at 2.5% plus $.25 per transaction. Page 2 of 2 < Prev 1 2. mrriggs Squier-Meister. Same common sense rules apply - accurat listing & tons of pictures - but in this case ALWAYS pay for the reverb insurance. Ebay is the biggest and most diverse marketplace. Reverb.com is Increasing Selling Fees from 3.5% to 5%. Nov 3, 2020 #2 It’s official. $3.50 selling fee ($100 x 3.5%). Both ebay and Reverb had payment proc fees of about 2.5-2.75%. What Fees Will I Pay for Selling on Reverb? Archived. I have sold a lot on Reverb. level 2. Reactions: TheGreatGreen. you might as well just buy new with warranty. But Reverb has more competition than Etsy has. Definitely nuking that account now. This fee is assessed off of the total sale amount (including shipping). Reverb LP charges a 6% selling fee per item sold on the Reverb LP website, with a maximum fee of $350. Why am I Being Charged Sales Tax as a Seller? R. Racerxrated Well-known member. There are no fees for creating a new listing or removing a listing if it has not sold. Why am I Being Charged Sales Tax as a Seller? It's pretty much accepted that you have to use payment services these days. Quote: Originally Posted by Craig Z The synth I had listed up on Reverb for \0 that I took down the other day, I've got it at \0 now on Sweetwater. Reverb has better customer service and is focused on music gear only. But, it's NOT Reverb's fee. How Can I View The Fee Breakdown On My Reverb Payments Orders? Reverb is a great platform for finding and selling musical gear. Reactions: Nictarine. RickP Gold Member. By the time you add all the fees, shipping, etc. Did Reverb's Selling Fee Change? PayPal’s rate is 2.9% + $0.30USD per transaction. Starting in August, Reverb is increasing its seller fee from 3.5% to 5.0%. The increased seller fees in Reverb closed the gap a bit, but sellers seem to be offsetting with increased prices. For a Reverb Preferred Seller, the fee is 2.5% + $0.25 per transaction. The minimum fee to sell on Reverb marketplace is $0.50 and $500 is the maximum selling fee. PayPal's rate is 2.9% + $0.30USD per transaction. You may remove your listing whenever you'd like without being charged a fee, as well. Age: 41 456. Email Reverb Support Related articles. Reverb, the enormously popular online music gear marketplace, has announced that it is raising its selling fee from 3.5 to 5 percent. This will keep me from selling on Reverb. Beginning on August 4, Reverb’s 3.5 percent selling fee will increase to 5 percent. $5 selling fee ($100 x 5.0%) + $2.95 payment processing fee ($100 x 2.7% + $0.25). Reverb also charges 2.5% plus $0.25 for payment processing on Reverb Payments. We have Gumtree which is similar to Craiglist I believe but from previous experience it isn’t the best for selling niche products. Still have questions? That's just the nature of our modern systems. Reverb on July 14 announced that it is revising its selling fee to support increased investments in the growth and long-term health of the marketplace. Yes, Reverb Selling Fees are charged on the combined item and shipping price of the order. 686. Reverb Increasing Selling Fee. Email Reverb Support Related articles. Wonder if Ebay will follow? The minimum fee is $0.50 and the maximum fee is $350. Report Save. Reverb is nailing people for 5% selling fees as well as a processing fees now? For example, if you sell a $15,000 guitar, we limit your transaction fee to only $350. Rick Lee Well-known member. … There are advantages and disadvantages to all selling options (eBay, reverb, craigslist, TGP). Quote: Originally Posted by Reptil Since Reverb came on the scene (and others) Ebay has slashed their fees, which were really too high for quite some time. share. I’d still rather sell on reverb than deal with holding things for a long time trying to sell local, selling for 50% less to GC, or dealing with eBay cons and PayPal BS. Jul 14, 2020 #1 not a huge increase, but still a bummer. I received this news in an email this morning. Reply. What Fees Will I Pay for Selling on Reverb? But Reverb had a community of just musicians so we had access to not just cool gear but a base of knowledge. A many of us fund this sickness we have through buying and selling on Reverb.com, I figured this would be appropriate to post here. We used to sell a LOT on eBay, but their current policy of 6 month returns is lunacy. So now the seller pays an $15 for every $1k in gear sold. My only experience on there was as a buyer and the transaction was smooth and safe. I even sold a $2500 guitar there Pros- lower fees, Less hassles than ebay, easy to speak to a rep Cons- More non-payment issues, more lowball offers, much less traffic and slower sales, more newbie buyers, and less defined policies- it almost seems as they are figuring it out as it goes. Reverb is a much broader marketplace and quality stuff tends to sell quicker as more buyers = more disposable income. The payment processing fee is calculated based on the order total, and is assessed in your local currency: Applicable orders with a cross-border transaction may have an additional 1% fee. A lot of the times they can match or come real close to the used prices on Reverb as well as shave the tax in a lot of cases. Are Selling Fees Charged on Taxes? eBay has higher fees than reverb, but has a bigger audience. Nov 3, 2020 #3 The business prevention department eventually overtakes all others. I am an Individual/Small Shop. So what. The Reverb buyer is a little more sophisticated and knowledgeable regarding gear which makes it a little easier to deal with. If you're selling hand-beaded tea cozies, Etsy is your marketplace. In popularity Ebay does appear to have more reach as far as potential buyers and sellers. This selling fee would be based upon the total cost of the sold album without the shipping total included. Reverb Selling Fee Discussion in 'Other Guitars' started by techowiz, Jul 14, 2020. eBay is cheaper to sell now. between that and having to pay sales tax on used goods it definitely seems like selling locally, on forums, FB marketplace, etc. there's also this: $0.50 min and a $350 max selling fee. But the risk of hassle increases exponentially. Are Selling Fees Charged on Taxes? ^At first glance, 1.5% doesn't seem like much for smaller items, but it is a ~40% hike in fees. He gets buyers at prices you will never see on reverb (and certainly not here), and you don't have to deal with buyers. No, Reverb Selling Fees are not charged on the remitted tax amount included on the order. That being said, the Reverb website does place a 3.5% Transaction Fee on the monetary transactions that take place on their website, which they say is significantly lower than other websites that charge fees as high as 15% per transaction. And if it drives the price higher for your $400 used mc101 to $406, so what. is the way to go. Fees. The most valuable asset of Reverb was their phone support. The fee raise, the first that Reverb has ever enacted, has been put in place to - in Reverb's words - “support increased investments in the growth and long-term health of the marketplace." Note: Sellers that only accept PayPal will be charged payment processing by PayPal instead of Reverb. Ebay's fee structure is awful in comparison. pretty sure as a % of eba The change will enable the company to make substantial investments on behalf of its sellers in marketing, customer support and seller tools, in order to attract additional buyers to … Still have questions? If you've got something rare and / or desirable then you may be able to max out here. Note: Sellers that only accept PayPal will be charged payment processing by PayPal instead of Reverb. I'll still probably put stuff on Facebook Marketplace as well. After listening to some online discussions and podcasts, I've decided to have a rethink - as much as I loathe the fee increase, I'll just have to bump up my Reverb sale prices a bit. If you're selling a Gretsch White Falcon, there are other places to sell, and 5% of a Falcon is a whole lot of barely-earned income for Reverb. What Fees Will I Pay for Selling on Reverb? Sweetwater allowed me to find and reach out to a local seller by me. The problem is Sweetwater doesn’t have a way to mon 8. https://guitar.com/news/industry-news/reverb-selling-fee-increase So again, this only works for big sellers. What Is a Payment Processing Fee, and How Are They Assessed? Medium hassle level. In addition, they provide their members with unlimited free listings. I am an Individual/Small Shop. Was this article helpful? Man I love this site. Close. It just creates more incentive to work directly with a retailer. I'll be getting the same money in my pocket, the buyer will be \ better off. Original Poster 1 day ago. Increasing Your Chances of Selling on Reverb . Reverb singlehandedly forced ebay to lower their rates on pro music gear to 4% -- Reverb's selling fees were 3.5%. Fuck them. $2.75 payment processing fee ($100 x 2.5% + $0.25).