Selling your gear to make room for more? Reverb’s Wallet grants exclusive perks to sellers keeping their earnings on Reverb
Hot on the heels of the recent announcement that the marketplace was reducing its fees for sellers – down 3% to just 5% now – and adding a slew of smarter selling features, Reverb is continuing its innovative streak with a new Wallet experience.
Principally, sellers can now get even more value for their music gear by keeping their earnings from sales in their Reverb Wallet, and consequently take advantage of a 1% cashback bonus, faster earnings and future access to “exclusive perks that can help them fund their new sound faster”.
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So, essentially at its core, Reverb Wallet offers sellers an alternative to cash for their gear sales, and the option to boost their earnings if keeping them within the Reverb ecosystem – certainly good news for sellers looking to shift gear to make space for more in their collection.
“One of the most important parts of music making is trying out new sounds,” says Reverb’s Chief Technology Officer, Jason Wain.
“Whether you’re upgrading from an Epiphone Les Paul to a Gibson, or starting a new project that needs the dreamy tone of a Roland Juno rather than the gritty sound of the Moog Grandmother, we want to make that journey as easy as possible.
“With Reverb Wallet, players get access to more gear when they turn their old guitars, synths, pedals, and other instruments into higher earnings that help them refresh their rig.”
Reverb says its new Wallet feature is backed by a “trusted and regulated payments platform”, and will see users granted access to “exclusive perks over the coming months”.
In terms of how Reverb Wallet works in practice, sellers can opt in by visiting “Shop Settings”, and selecting “Reverb Wallet” in the payment settings section on the “Policies” page.
The slew of new features in quick succession follows Reverb’s recent return to independence for the first time since 2019 after being sold by marketplace giant Etsy.
The sale was made possible by two investors: Creator Partners, also an investor in BMI, SoundCloud, Color Studios and Mogul; and Servco, which owns a majority stake in Fender.
Learn more about Reverb Wallet at Reverb.
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Source: www.guitar-bass.net
