The formula to calculate the Reverb Payout is:
RP=P−(P×r)−F
Where:
A Reverb Payout refers to the payment a seller receives after selling an item on Reverb, an online marketplace for musicians to buy and sell gear. Once a sale is made, the payment is processed and held by Reverb. The payout is then released to the seller’s account, typically within a few business days. The amount of the payout is the selling price minus any selling fees or charges incurred during the transaction.
Let's assume the following values:
Using the formula:
RP=500−(500×0.05)−10=500−25−10=465dollars
The Reverb Payout is $465.00.