What is a payment processing fee, and how are they assessed?

Why do I have to pay a Payment Processing fee? 

When a buyer submits payment for an order on Reverb, the funds are transacted through what is called a payment processor. The payment processor facilitates the transaction of funds from the buyer to Reverb and verifies the transaction is secure.

As with any great utility, payment processors charge a small fee for allowing a seller to use their service and accept payments for their online shop.

How much are Payment Processing fees with Reverb Payments?

For a Reverb Preferred Seller, the fee is 2.5% + $0.25 per transaction. 
For any other seller that is using Reverb Payments, the fee is 2.7% $0.25 per transaction. 

The payment processing fee is calculated based on the order total, and is assessed in your local currency:

With any order that is shipped internationally, an additional 1% cross-border fee will apply. 

USA 2.7% + $0.25 USD per transaction
Canada 2.7% + $0.25 CAD per transaction
France 2.7% + 0,25€ per transaction
UK 2.7% + £0.25 per transaction 

Please note:

* Transactions within the European Economic Area (EEA) are considered domestic and will not incur a cross-border fee.
* If you choose to list your item in a different currency than you receive your Reverb Payments payout, a 2.5% currency conversion fee will be assessed on the subtotal of your payout, after your regular payment processing fees.

How Are These Payment Processing Fees Deducted?

With Reverb Payments, the payment processing fee will be deducted from the final payout itself along with the Reverb selling fee and any other Reverb fees (bumps, Reverb Shipping Labels).

If Reverb Payments is not available in your region - you should refer to the PayPal Payment Processing Fees. 

Was this article helpful?
1 out of 1 found this helpful
Still have questions? Submit Help Request