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.”