Reverb Payout Calculator

Formula

The formula to calculate the Reverb Payout is:

\[ RP = P - (P \times r) - F \]

Where:

$RP$ is the Reverb Payout ($)
$P$ is the selling price of the item ($)
$r$ is the Reverb selling fee rate (decimal)
$F$ is the fixed transaction fee ($)

What is a Reverb Payout?

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.

Example Calculation

Let's assume the following values:

Selling Price (P) = $500
Reverb Selling Fee Rate (r) = 0.05
Fixed Transaction Fee (F) = $10

Using the formula:

\[ RP = 500 - (500 \times 0.05) - 10 = 500 - 25 - 10 = 465 \, \text{dollars} \]

The Reverb Payout is $465.00.