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

With every Reverb transaction, there two primary fees as a seller: a payment processing fee, and Reverb’s 3.5% selling fee. This article will focus on the processing fee exclusively.

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 (or directly to the seller through a PayPal only sale) 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.

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

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. 
For a seller that is using PayPal only, the fee is 2.9% + $0.30 per transaction. 

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With any order that is shipped internationally, an additional 1% cross-border fee will apply. For sellers that are using PayPal only, the rates can vary up to 4.4% + $0.30

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?

For a seller accepting Reverb Payments in their Reverb shop, 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).

For a seller accepting only PayPal in their Reverb shop, the payment processing fee will be deducted from the initial payment received from PayPal. 

 

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