None of the incredible music that inspired us to create this platform would be possible without the producers who make it and the record labels that support it. We want to help safeguard their livelihood by encouraging people to buy music in a sustainable and transparent manner.
As part of this mission, we pay out 85% of all sales directly to the artists and labels via Paypal or Bitcoin cryptocurrency, excluding payment processing fees. Choosing Bitcoin reduces these fees to a minimum by eliminating the middlemen involved in more conventional transactions, and supports the banking revolution. We retain a 15% commission that is directly reinvested into operating the platform – to keep building useful features for our community.
We currently pay out to artists and labels once a month with a US$ 10 minimum payout amount while we test and improve our processes. We aim to make payout intervals much quicker and remove the minimum amount once we've got it all nailed down.
As a closing note, we’d like to thank Bandcamp for leading the way with a Fair Trade Music model at scale. Much obliged!
With love from Tokyo.