GENERAL

We don’t charge you to make accounts. We also don’t charge to upload music, but we do charge a small % on music sales (hosting music has an inherent cost). We don’t charge you to get tips. We don’t charge for  finding you gigs. We don’t charge for our advocacy work.

There are bank fees associated with any transaction on our site – roughly 2-8%, depending on the size/type of donation.

We ask for donations from buskers and clients, after we’ve helped buskers get hired for events.

 


 

PRICING ON MUSIC SALES

Total commission = 10%

We don’t charge for you to upload albums. But, when you sell music, we take a 10% commission. We split that 10% with Stripe – the secure cashless payments processor that handles the transaction – so we end up keeping only 2-8% for ourselves)

 


PRICING ON TIPS

This is a little more complicated. So…

WE don’t take a commission

First of all, The Busking Project DOES NOT TAKE A FEE for tips that go through our site. This is a free service we provide. We get no financial benefit through you using either of the options below.

Stripe and PayPal’s Commission

However, because we’re just a small arts organisation, we use other services – Stripe and PayPal – to handle the secure payments, and they do take a small commission.

In return for that commission, you get to use their super-secure services. PayPal you’ve probably heard of, and you may have an account with them. Stripe is a little less-common, but we use it because it’s able to handle both card payments and Apple Pay.

The Complicated Fee Structure…

So, how much do they take? Unfortunately, it’s not that simple, because it matters not only where you’re located, but where the tipper is from well (due to currency exchanges).

A second thing to consider is that these services take both a flat fee (i.e. “£0.20”) AND a percentage. The effect is that you end up paying a lower percentage of your overall tip on a $10 tip than a $5 tip (the larger the tip, the lower the fees overall as a percentage).

Local payments

A “local” payment could mean you have a UK bank account, and the person tipping you also has an account in the UK, or you’re an Australian receiving money from an Australian, and so on. These are obviously the lowest fees, as there are no currency conversions that need to take place.

Stripe fees for local payments

UK – 1.4% + £0.20
USA – 2.9% + $0.30
Canada – 2.9% + $0.30
Australia – 1.75% + $0.30
EU – 1.4% + €0.25

PayPal fees for local payments

UK – 1.9% + £0.20
USA – 2.9% + $0.30
Canada – 2.9% + $0.30
Australia – 1.75% + $0.30
EU – 1.9% + €0.30

International Payments

An “international” payment includes currency conversions, and, as such, include extra fees. This could be when you get a donation from someone whose bank account is in a different country than yours – i.e. you have a UK bank account, but you get tipped by a Canadian.

Stripe fees for international payments

UK – 2.9% + £0.20
USA – 2.9% + $0.30
Canada – 2.9% + $0.30
Australia – 2.9% + $0.30
EU – 2.9% + €0.25

PayPal fees for international payments

UK – 2.9% + £0.20
 USA – 3.9% + $0.30
Canada – 3.9% + $0.30
Australia – 3.9% + $0.30
EU – 2.9% + €0.30

Best and Worst Case Scenarios

BEST: If you have a UK bank account, and you get a £20 tip via Stripe (bank card or Apple Pay) from another person from the UK, you’ll lose £0.48 in fees, which is pretty good – you’re only losing 2.4%.

WORST: If you have a bank account in the USA, Canada or Australia, and you get a $5 tip via PayPal from someone from another country, you’ll lose $0.50, which isn’t great – you’re losing 10%.

So, that’s the range – 2.4% to 10%. Most of the time you should expect to be losing something like 5-6% on your tips.

Summary

You pay 0% commission on cash, right? And paying something like 2%-10% in fees might sound terrible to you.

But, these may be tips you’re getting from people who aren’t carrying cash. Losing 10% is better than losing 100%, right?

 


PRICING ON MEMBERSHIPS (coming soon)

We charge £x/month for the membership benefits. Or, you can pay £y/year (17% discount). We’ve set it at that price partly because we believe the benefits you get are worth it, and partly because we need to raise money to keep the company going. We’re a small arts organisation that refuses to have ads, sponsorships or other corporate-style commercialism. Membership fees sustain us.

 


 

Let us know what you think of our prices. Are they fair?