Everyone who has ever played a live circuit of any kind has probably encountered the odd promoter that never pays up after the performance.
One of the main focuses in running a band as a going concern is that although you can have great fun getting out onstage and performing, if you are serious about keeping the band on the road and putting petrol in the tour van ( is everyone still using the ubiquitous transit van?) then you have to make sure you get paid.
If you've had a situation where promoters are wary of paying you as a new band upfront, and you're not sure if the venue will pay up after the gig, check out a great new financial service that solves this very problem.
GigPay.Com is a brand new service based in the UK, but available to many countries worldwide. and operates in six currencies, including the Japanese Yen. They offer bands and promoters a secure online 'escrow' style service to safeguard both parties.
For those who are not familiar with the term escrow, basically it is a term for a neutral third party holding money for two parties in the period whilst a deal or transaction is being made.
So in the case of GigPay.Com when you get booked for a gig, the promoter can lodge a payment with GigPay, safe in the knowledge that if you dont keep your side of the deal and show up he gets his money back. When you do show up and play that killer gig are guaranteed to get paid by GigPay after delivery. GigPay release all funds when both parties agree that the services have been delivered.
Agreeing with a promoter to use the Gigpay system takes any financial mistrust out of the equation and shows that the promoter is fully committed to working with you, and also displays a professional image from the band, showing that they are treating themselves as a serious music business. It's also more secure than locking your hundred dollar gig fee in the glove compartment, only to find your van broken into after the event and the nights spoils have disappeared
Having a GigPay account also gives you an online financial record of all your live work, so you'll spend less time trying to work out how much you actually made from your gigs, its all accounted for in one place in neat and tidy transactions.
Another useful service provided by GigPay is live performance contracts. You can avoid expensive legal costs and use their service to obtain agreements that cover items such as performer/hirer event insurance, sound systems and lighting, event merchandising, liability and much more.
It's always important to address these issues before you agree to a gig, so you don't end up with the venue suing you if your bass player's guitar strap breaks mid set and ends up bouncing onto the in house engineers mixing desk, taking a few channel strips with it (odd as it may seem I've actually seen that happen..)
GigPay are charging just $1.40 on a per contract fee (yes one dollar forty cents) and even if you have a legal representative already, you could save some money and time by using GigPay's standard contracts as a starting basis for a custom contract with a music lawyer.
It's free to sign up to the GigPay service, so you can sign up for an account, have a look around the service without any commitment and get a feel for their services.
Gigpay's fee structure is also very reasonable, starting at around 4% on transactions up to £200 GBP to just around 0.6% if you are in a slightly larger league and getting paid £45,000 GBP per gig. Given you are getting cost effective contract advice, increasing the security of your payments, and effectively getting online accounting for your live work this seems a pretty good deal. their fee structure is transparently documented on their website so there really are no hidden surprises with this company.
Importantly it also means as a 'pay as you go' service it fits in perfectly with the business model of your 'micro music business'; you only pay for services when you get paid. A perfect service to ensure you actually make a profit on your musical endeavors.
If you are on the road at any level, from a 20 buck deal in your local bar to a well paid festival headline, I'd recommend you take a look at the GigPay service to safeguard and streamline your revenue stream from live performances.
Check out full details at their website http://www.gigpay.com.
One of the main focuses in running a band as a going concern is that although you can have great fun getting out onstage and performing, if you are serious about keeping the band on the road and putting petrol in the tour van ( is everyone still using the ubiquitous transit van?) then you have to make sure you get paid.
If you've had a situation where promoters are wary of paying you as a new band upfront, and you're not sure if the venue will pay up after the gig, check out a great new financial service that solves this very problem.
GigPay.Com is a brand new service based in the UK, but available to many countries worldwide. and operates in six currencies, including the Japanese Yen. They offer bands and promoters a secure online 'escrow' style service to safeguard both parties.
For those who are not familiar with the term escrow, basically it is a term for a neutral third party holding money for two parties in the period whilst a deal or transaction is being made.
So in the case of GigPay.Com when you get booked for a gig, the promoter can lodge a payment with GigPay, safe in the knowledge that if you dont keep your side of the deal and show up he gets his money back. When you do show up and play that killer gig are guaranteed to get paid by GigPay after delivery. GigPay release all funds when both parties agree that the services have been delivered.
Agreeing with a promoter to use the Gigpay system takes any financial mistrust out of the equation and shows that the promoter is fully committed to working with you, and also displays a professional image from the band, showing that they are treating themselves as a serious music business. It's also more secure than locking your hundred dollar gig fee in the glove compartment, only to find your van broken into after the event and the nights spoils have disappeared
Having a GigPay account also gives you an online financial record of all your live work, so you'll spend less time trying to work out how much you actually made from your gigs, its all accounted for in one place in neat and tidy transactions.
Another useful service provided by GigPay is live performance contracts. You can avoid expensive legal costs and use their service to obtain agreements that cover items such as performer/hirer event insurance, sound systems and lighting, event merchandising, liability and much more.
It's always important to address these issues before you agree to a gig, so you don't end up with the venue suing you if your bass player's guitar strap breaks mid set and ends up bouncing onto the in house engineers mixing desk, taking a few channel strips with it (odd as it may seem I've actually seen that happen..)
GigPay are charging just $1.40 on a per contract fee (yes one dollar forty cents) and even if you have a legal representative already, you could save some money and time by using GigPay's standard contracts as a starting basis for a custom contract with a music lawyer.
It's free to sign up to the GigPay service, so you can sign up for an account, have a look around the service without any commitment and get a feel for their services.
Gigpay's fee structure is also very reasonable, starting at around 4% on transactions up to £200 GBP to just around 0.6% if you are in a slightly larger league and getting paid £45,000 GBP per gig. Given you are getting cost effective contract advice, increasing the security of your payments, and effectively getting online accounting for your live work this seems a pretty good deal. their fee structure is transparently documented on their website so there really are no hidden surprises with this company.
Importantly it also means as a 'pay as you go' service it fits in perfectly with the business model of your 'micro music business'; you only pay for services when you get paid. A perfect service to ensure you actually make a profit on your musical endeavors.
If you are on the road at any level, from a 20 buck deal in your local bar to a well paid festival headline, I'd recommend you take a look at the GigPay service to safeguard and streamline your revenue stream from live performances.
Check out full details at their website http://www.gigpay.com.
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