I thought that indietorrent.org gives all profits to the artist; I just spent $0.35 on a song, and the My Account page states that the artist received $0.00 of my money. What happened?
The artist chose to set the track at our minimum price-point ($0.35) and our credit card payment processor keeps 2.9% + $0.30 of each transaction that we submit. So, $0.31 went to the banks, and we kept $0.04 to serve the file to you, provide you with customer service, etc. Needless to say, this scenario left $0.00 profit for the artist. To mitigate this effect, buy more music at the same time. The more music that you buy at once, the more profit the artist will see (because the bank fees are largely percentage-based).
Related Questions
- I thought that indietorrent.org gives all profits to the artist; my customer just spent $0.35 on a song, and the My Account page states that I received $0.00 of the customers money. What happened?
- A page stating that there is currently work overload and gives me different turnaround time, thought you say 24 hours?
- I heard a certain album/song was on eMusic but I can find it listed at the artists page. Have I been deceived?