Transaction: Bandcamp
Bandcamp is a transaction site for music producers to host and sell their albums.
Bandcamp generates money off music sold, taking about 15% from artists.
While a lot of highly renown artists offer their music through Bandcamp, it is Bandcamp’s openness to sell music from anyone that makes this community truly shine.
Interestingly, something can be said about the modern music industry from Bandcamp, as half of their sales come from digital products.
Considering people think analog formats of audio are dying, it is nice to see that a digital audio distributor sells just as much physical audio formats.
During 2020 Bandcamp introduced Bandcamp Fridays each month to help support struggling musicians, on these days the 15% tax is waived.
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