The Labelcaster Service

Payments

YOU WON’T GET FOOLED AGAIN

Your label’s virtual accountant

Our fully automated system reports monthly and makes transfers payments to all artists and collaborators directly. Unlike other services where you might wait three months to receive quarterly reports and earnings, we report and pay out monthly — without delays. It’s your and your artists’ money, after all.

Don’t spend time creating reports, connecting royalties to splits, handling statements, invoicing, writing checks, making transfers — all of that time-consuming, non-creative stuff. Your artists and collaborators can feel confident they’ll receive royalty payments quickly and cleanly. As a label owner, rest assured knowing everything is handled.

 

Request payment right from the app anytime you like
It really is as simple as tapping to get paid

So how does it really work?

With each release you distribute, you’ll also set up a contract in our system that defines splits and other terms for all participants (artists, collaborators and others who should receive royalty splits). Each participant will get an invite to create a Labelcaster account. When they create their account, they set up their own payment information for transfer through PayPal, Payoneer or Revolut.  As we receive our reports from the streaming services (DSPs) each month, we process the data into reports and payments as prescribed in those contracts. All participants can log into their accounts to see their split amount, balances and reports and request payment transfer. It is self serve. You don’t need to handle reporting or payments. 

We promise that by the 10th of each month, we’ll have the reports, data, and money available to you and all participants.

A bit more on timing: we receive reports from DSPs at the beginning of each month for transactions (plays and downloads) that happened two months prior; some DSPs can be even slower.* So for example, January royalty reports and payments generally reflect streams that occurred in October. 

*  Unfortunately, it just takes that long for the DSPs to report on activity. We don’t have any say about that. We wish it were faster, too.

Ready to grow your record label business?