SoundExchange Add$ PayPal & Venmo
• SoundExchange announced the addition of PayPal and Venmo as royalty distribution payment options for registered creators. Along with PayPal and Venmo, last year SoundExchange began offering registered creators the choice of receiving royalty payments using CashApp and Zelle.
“SoundExchange is the only collective to offer creators the option of receiving royalties via mobile payments apps on a monthly basis,” said Michael Huppe, President & CEO of SoundExchange. “We always strive to meet creators where they are and to simplify their payments/compensation/royalties. By adding PayPal and Venmo to our suite of mobile app payment options, we continue to show what’s possible when adopting technologies and tools that streamline the business of music for all creators.”
Payment via PayPal is an immediately available option for domestic and international registrants, whether they are paid as individuals or companies. Although SoundExchange offers direct deposits to banks in Canada, the UK, the Eurozone, and others, there are countries that could not be serviced via traditional direct deposits. Offering PayPal now allows international registrants to receive their SoundExchange royalties in places beyond traditional options without requiring a bank account.
To sign up for either PayPal or Venmo, creators are encouraged to use SXDirect, which offers self-service opt-ins for all payment methods SoundExchange currently offers. To learn how to use SXDirect to sign up for PayPal or Zelle payments, please visit soundexchange.com.
