SoundExchange Adds Venmo, PayPal For Royalty Distribution

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SoundExchange has added the option of using PayPal and Venmo for royalty distribution payments for its registered creators.

SoundExchange is transforming how creators receive compensation for their work by distributing royalty payments easily and immediately into their bank accounts. 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,” says Michael Huppe, President and 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 U.K., the Eurozone and more, there are countries that could not be serviced via traditional direct deposits. Offering PayPal allows international registrants to receive their SoundExchange royalties in places beyond traditional options without requiring a bank account.

In order 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. For more information on how to use SXDirect to sign up for PayPal or Zelle payments, step-by-step instructions can be found here.

Lorie Hollabaugh
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