BandLab offers two unique options for sending and receiving money:
Tip Jar gives listeners the ability to provide monetary support directly on a creators BandLab profile.
Albums are a collection of projects or uploaded tracks in BandLab that can be purchased for a flat fee or “pay what you want”.
Transactions for Tip Jar and Albums are handled via PayPal and Stripe. Each service has a small transaction fee that is deducted from the payment amount. As such, there is no additional cost at any point within the transaction. BandLab does not charge a fee to either party for transactions; artists will receive the full payment minus the PayPal or Stripe fee.
Fees for PayPal and Stripe are variable, but an estimated guideline can be found below:
Example with $5 USD (20p GBX converted to .26 USD)