Reverb Payout Calculator
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The Reverb Payout Calculator is designed to help sellers on Reverb accurately calculate their net earnings after accounting for platform fees and payment processing charges.
How It Works
Reverb charges a percentage fee for each sale, typically around 5%, and payment processors add an additional fee, usually around 2.9%. The calculator takes these fees into account and provides the final payout amount based on the sale price.
Calculation Formula
The formula used is:
\[ \text{Net Payout} = \text{Sale Price} \times \left(1 - \frac{\text{Reverb Fee} + \text{Payment Processing Fee}}{100}\right) \]
Example Calculation
If you sell an item for $100 with a Reverb fee of 5% and a payment processing fee of 2.9%, the net payout will be:
\[ \text{Net Payout} = 100 \times \left(1 - \frac{5 + 2.9}{100}\right) = 100 \times 0.921 = 92.10 \text{ dollars} \]
This tool is essential for sellers looking to understand their actual earnings after fees, allowing for better financial planning and pricing strategies.