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Etsy Raises Payment Fees on Its Reverb Marketplace

Etsy Raises Payment Fees on Its Reverb Marketplace

Etsy is increasing fees for sellers who sell through its online marketplace Reverb. Instead of paying the current rate of 2.7% + 25 cents per transaction, sellers will pay 3.19% plus 49 cents per transaction.

On a $25 sale (the full order amount, including shipping and taxes), it’s a fee increase of 38%.

On a $50 sale, it’s a fee increase of 31%.

Reverb noted that rates for “Preferred Sellers” will increase from 2.5% plus 25 cents to 2.99% plus 49 cents per transaction.

Reverb notified sellers by email on Tuesday evening and provided the following reason for the fee increase: “Credit card companies have increased the fees they charge Reverb. While we’ve kept our payment processing fee the same for the past 10 years, it’s become increasingly more expensive to process payments.”

Reverb will roll out the higher fees on October 27, 2022, see the Reverb help pages for details.

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.