Multicurrency Marketplaces and You
summary
Bandcamp reports $374M paid to artists since 2008, one album every 2.3 seconds, and sales in 19 currencies (about 53% USD, 47% across 18 others), including tiny Forint sales. Early payout uses a yoink revshare ledger; growth forces a shift to digital aggregation plus a homegrown double‑entry accounting system that recovers small balances and enables credit‑card payouts. Payflow handles card processing but reference transactions lock currency, so vaulting and multi‑currency charges move to Spreedly, which fixes the limitation.
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chapters (9)
- 0:00Intro
- 4:08BandCamp Payments
- 10:00BandCamp History
- 13:40Benefits
- 16:43Recap
- 18:01Risks
- 20:30ThreeParty Transactions
- 23:20Card Storage
- 25:00Conclusion
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