A US paytech “Bandpay” founded by DeCarlos Garrison is set to make sure musicians will get paid for their work.
“I’ve experienced this problem first hand,” says Garrison, who created the paytech out of his existing business ‘Bandbasher’. The new platform will establish payment milestones in projects, and offer “mediation” services so both musicians and producers can stay in the loop on a project’s progress.
Despite the presence of tools and apps in the music industry which help maximize revenue – such as Applaud, Bandcamp, and Reverb Nation – Garrison says “there are a lot fewer tools available for controlling the cost side of the business equation.
Garrison says the app is not just designed for ‘work-for-hire-type’ creative jobs, it can also be used for more long-term projects such as social media management, marketing projects, or branded appearances by influencers.