'JamPay' Helps Performers Earn More at Each Concert They Play
Katherine Pendrill — April 20, 2016 — Tech
'JamPay' is a new service that helps musicians earn more during each performance. These days, a musician's main source of revenue is from live performances and not from album sales. This platform helps musicians earn as much as possible from a gig by giving the audience an opportunity to tip.
JamPay works by enabling musicians to collect tips via credit card each time they put on a show. The artist simply creates a free profile on JamPay and then audience members can donate money via credit card directly from their phone. The money is deposited in the musician's account, giving them a second source of revenue for each performance they put on.
The service provides a unique way for musicians to maximize profits from live performances by connecting them directly with fans who wish to support their work.
JamPay works by enabling musicians to collect tips via credit card each time they put on a show. The artist simply creates a free profile on JamPay and then audience members can donate money via credit card directly from their phone. The money is deposited in the musician's account, giving them a second source of revenue for each performance they put on.
The service provides a unique way for musicians to maximize profits from live performances by connecting them directly with fans who wish to support their work.
Trend Themes
1. Musician-tipping Platforms - JamPay is an innovative musician-tipping platform that helps performers earn more at each concert they play.
2. Live Performance Revenue - The trend of musicians relying on live performances as their main source of revenue presents disruptive innovation opportunities for platforms like JamPay.
3. Direct Fan Support - The growing trend of connecting musicians directly with fans who want to support their work provides an opportunity for platforms like JamPay to maximize profits for artists.
Industry Implications
1. Music Industry - The music industry can benefit from platforms like JamPay, which help musicians earn more from live performances.
2. Fintech Industry - Fintech companies have an opportunity to disrupt the traditional methods of tipping musicians by offering convenient and secure platforms like JamPay.
3. Mobile Payment Industry - The mobile payment industry can tap into the trend of supporting musicians by providing easy and seamless ways for fans to tip artists during live performances.
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