There is a
5% selling fee for every item sold on Reverb
. There are no fees for creating a new listing or removing a listing if it has not sold. This fee is assessed off of the total sale amount (including shipping).
Is it free to sell on Reverb?
Reverb’s Pricing is Simple and Straightforward.
Listing your gear for sale is free and easy
. When your instrument sells, we deduct selling and transaction fees from the final selling price, and you keep the rest. Why should you sell on Reverb?
Does Reverb charge monthly?
a.
Your fee is based on the total selling price, inclusive of all costs. You pay only 5% of the total price, with a $0.50 minimum and a $500 maximum fee.
No listing fees, listing renewal fees, or monthly membership fees
. See an example.
Is Reverb like eBay?
In my opinion,
Reverb is the clear winner
. As much as I love eBay (I’ve used it since I was a teen to buy and sell all sorts of things), when it comes to listing music gear, Reverb is a better choice.
How do I get paid Reverb?
After your first Reverb Payments sale
For your protection, we secure payment by verifying buyer information.
Payment is ready to be sent to your bank
. It typically takes 1 – 3 business days for payment to appear in your account, depending on your bank.
Who pays shipping on Reverb?
If the item you purchased arrived damaged or not as described, and you reported the issues to the seller or Reverb within 7 days of delivery,
the seller
would be responsible for the return shipping costs.
Do you have to pay taxes on Reverb?
If you are set up with Reverb Payments,
you are not being charged for these taxes as a seller
. Depending on your buyer’s shipping destination (or your location in a local pickup transaction), the buyer is responsible for paying the automatically calculated tax amount during checkout.
How do Reverb payouts work?
For your first sale, Reverb initiates your payout 1-2 business days following confirmation of delivery. For subsequent sales, Reverb initiates a payout when a valid tracking number shows the item is in transit. Payout approval can take up to two business days.
How is Reverb shipping calculated?
- Start a new listing by clicking ‘Sell Your Gear’.
- Under ‘How do you want to handle shipping costs?’ …
- Enter the weight and dimensions of your package.
- Complete your listing.
- When a buyer purchases your item, you will see that a shipping price has been added to the order total.
Why does Reverb need my credit card?
In order to collect any bump fees, shipping label fees, selling fees, or other Reverb fees that can’t be deducted from your payouts
, Reverb requires a billing card on file with your account as a seller. To adjust your billing preferences or change your billing card on file, head to your My Bill page.
Is selling on Reverb good?
It’s completely secure
. Reverb is a safe and secure website to sell your instruments and gear, and Reverb Protection keeps you covered if anything happens with your order.
How good is Reverb?
The answer is yes, Reverb is
a great, trustworthy place to buy from
. Thanks to a great customer service led by musicians, excellent protection policies for both the buyer and the seller, and a very accessible interface, Reverb can potentially be the best site to buy/sell music gear.
Are Reverb shipping labels cheaper?
Reverb offers discounted shipping labels through USPS, UPS, and FedEx
. We also offer discounted international labels via USPS, UPS, and DHL.
Does Reverb report to IRS?
Reverb is required by law to report your payments to the IRS and/or your state via a Form 1099-K if you meet the federal or state thresholds
outlined above. Will I need to fill out a 1099-K each year? Yes, you will be required to provide tax information each year that you meet the IRS and/or your state’s threshold.
How long does Reverb take to pay you?
After Your First Reverb Payments Sale
For your protection, we secure payment by verifying buyer information. Payment is ready to be sent to your bank. It typically takes
1 – 3 business days
for payment to appear in your account, depending on your bank.
Does Reverb hold money?
After your first Reverb Payments sale
If you receive an email on a weekend or holiday indicating that funds are available for deposit, sit tight because
Reverb will send payment to your bank at the end of the following business day
.
How much would it cost to ship a 15 lb package?
| Parcel Select (wt. not over) Zones 1 & 2 Zone 5 | 13 lb $13.07 $26.73 | 14 lb $13.77 $28.33 | 15 lb $14.32 $29.82 | 16 lb $14.97 $31.63 |
|---|
How much does it cost to ship a 5 lb box USPS?
How Much Does It Cost To Ship a 5lb Package? A five-pound package costs
$7.81 to $14.32
to ship, depending on the destination and your carrier of choice. Depending on the nature of your business, if you’re able to keep most shipments at five pounds or less, it can save a lot of money in the long run.
Is Reverb a reliable site?
Yes, Reverb is legit
. It’s a trusted, reputable marketplace to buy and sell gear. Since its launch in 2013, Reverb has become a go-to for vintage musical equipment and now has a huge catalog. They offer secure transactions and in the event of a dispute, buyer and seller support.
Can individuals sell on Reverb?
The site allows anyone, from large dealers and manufacturers to small shop owners and individuals
, to create free listings for musical instruments and other related equipment.
What does remitted by Reverb mean?
With Reverb Payments
the taxes collected and remitted by Reverb are automatically deducted from your payout
, so there is nothing you need to do on your end and you are not actually charged for the taxes. They are collected, and then automatically remitted.
If you reach $600 in sales on Reverb, you’ll need to provide tax information—like your Employer Identification Number (EIN), Individual Tax ID Number (ITIN), or Social Security Number (SSN)—if you haven’t provided it to us already.
Why is my Reverb payout so low?
There are a couple of factors that may affect the total amount of your earnings:
Fees- Reverb charges a 5% selling fee as well as a 2.7% + $0.25* payment processing fee for each sale made via Reverb Payments
. The fees are deducted from your total earnings.
How do I buy Reverb credits?
In the app, after you search, tap “Filter”, then “Buying Options”, then “Accept Reverb Credits”
: How Can I Turn My Reverb Gift Card into Reverb Credits? You can add Reverb Credits to your account by redeeming Reverb Gift Cards here.
Do Reverb credits expire?
Reverb Credits can be used to make purchases on Reverb but are not withdrawable. All original terms and conditions of the associated promotion will still apply—for example,
if your promotional Reverb Bucks expire on a particular date, the converted promotional Reverb Credits will expire on the same date
.
