Bandcamp Adds Transaction Fees and Starts to Make Money

Bandcamp has just announced that their service will now be receiving a percentage of all sales. Bandcamp will now charge 15% on all sales as a transaction fee, dropping to 10% as soon as an artist, management or label’s all-time sales exceed $5,000.

In the past six months, Bandcamp says that they’ve sold more $1 million in music and merch directly to fans. Last week Zoe Keating hit #7 on the Billboard Classical chart from the strength of her Bandcamp sales alone.

“It’s been awesome to witness,” according to Bandcamp founder Ethan Diamond. “And we’re amped to carry right on, full steam ahead, building out new features, honing existing ones, strengthening our infrastructure, and generally making things better and better. Perhaps most importantly though, we want to do so in a way that’s sustainable long-term.”

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

France’s music industry sees music streaming grow in 2020

Following reports from around the globe, France saw music industry growth despite huge losses thanks to the boom in streaming. Following reports from the U.S. and Italy that their music industry has grown despite the…

Spotify’s new radio-style playlist combines music and news in U.K.

Spotify’s Daily Drive presents listeners with a unique mix of music and news content that has British radio stations biting their nails. Spotify have launched ‘Your Daily Drive’ for listeners in the U.K. after launching…

3 comments

    I’m happy to give BandCamp some of my money…it’s a great service and well worth the 10-15%…and anyone who doesn’t recognise the significance and brilliance of the service they have provided us with for free for nearly a year…is just being downright selfish.

Leave a Reply

Your email address will not be published. Required fields are marked *