financial-faq

From Bitmunk

Bitmunk is unlike all other peer-to-peer digital file networks to date in that real money is exchanged for digital files. This page covers some of the financial aspects of collaborating with Bitmunk when distributing media.

How do I put money into Bitmunk?

You should first sign up for a Bitmunk Account.

After you have created an account and verified your identity you can deposit money into your account using a Visa, Mastercard or Discover credit card.

The money in your Bitmunk account will be used whenever you purchase digital content on Bitmunk.

How accurate are Bitmunk's micro-transactions?

Bitmunk's micro-transactions, the money that is moved around on the Bitmunk network, are accurate up to 1/10,000th of a US cent. This is many times more accurate than the transfers that even your bank uses to keep track of your checking and savings accounts.

How much is the artist paid when I buy something from Bitmunk?

You can see exactly how much the artist is paid on every media page on Bitmunk in a section titled Royalties. Typically, the artist gets 65%-85% of the total sale price on Bitmunk. It's a great deal for small artists, who normally don't even get a measly 10% of digital content sales, if they are operating under a traditional music label.

This page was last modified on 23 June 2009, at 00:53. This page has been accessed 1,533 times.