GigPay Ltd has launched what it believes is the first payment processing service for the event industry. The company aims to handle payments between live performers and event promoters, by using a combination of credit card processing, email billing and escrow.
The service, operated from gigpay.com involves helping live performers like musicians, DJs, bands, comedians or even models, to collect payment for their services by means other than cash or cheque. A performer can request a payment for a gig and then have it paid by credit / debit card, bank transfer or PayPal. GigPay then clears the payment before the event and it shows up in the performer’s GigPay account; however it's not released until after the gig. This last element means that any promoter paying through GigPay also has their interests protected.
Henrietta Pratt, the company's Product Manager says, “By adding other features relevant to the live events industry, GigPay offers a credible alternative that is also useful for touring performers, billing records, electronic contracts or just one-off payments.”
Payment conflict is an area which has so far been un-resolved as far as the live events scene goes. In addition as live performance income becomes ever more important in the face of declining record sales; it seems that this niche has been overlooked by the technology revolution that is enforcing new monetisation efforts in the music industry.
GigPay’s service is being provided in six major currencies and also works across international borders.
The service, operated from gigpay.com involves helping live performers like musicians, DJs, bands, comedians or even models, to collect payment for their services by means other than cash or cheque. A performer can request a payment for a gig and then have it paid by credit / debit card, bank transfer or PayPal. GigPay then clears the payment before the event and it shows up in the performer’s GigPay account; however it's not released until after the gig. This last element means that any promoter paying through GigPay also has their interests protected.
Henrietta Pratt, the company's Product Manager says, “By adding other features relevant to the live events industry, GigPay offers a credible alternative that is also useful for touring performers, billing records, electronic contracts or just one-off payments.”
Payment conflict is an area which has so far been un-resolved as far as the live events scene goes. In addition as live performance income becomes ever more important in the face of declining record sales; it seems that this niche has been overlooked by the technology revolution that is enforcing new monetisation efforts in the music industry.
GigPay’s service is being provided in six major currencies and also works across international borders.
For more information contact All About Jazz.
