To help artists affected by the Covid-19 outbreak, music platform BandCamp.com will be stopping the revenue share system on March 20th starting at 12am (00:00 Hrs) Pacific (3am/03:00 Hrs EST) and ending 24 hours later.
What Is Revenue Sharing?
BandCamp makes their money through fees that artists pay on sales of their music, but, when an artist sells merchandise through BandCamp, the website can’t take their cut of the sale. To make up for this, they take an extra cut of your music sales, until you make up 10% of the revenue from your merchandise sales in music sales. They also take 15% of each digital sale to start.
For example, my band sold $80 worth of merchandise on the site, we will have to sell $8 worth of music in order to start being paid from music sales.
Artist accounts are free. We make money through our revenue share on sales, which is 15% for digital, 10% for merch. We also offer Bandcamp Pro (our premium tier for artists), and Bandcamp for Labels, both for a monthly fee.BandCamp.com FAQ on Revenue Sharing
For more details on how sales will work on March 20th please follow this link.
For more information on fees click here
For more information on revenue sharing go here