How To Create A Stripe Account
To start receiving payouts for your releases, you’ll need to connect a Stripe account to the EVEN marketplace.
How To Create A Stripe Account
To start receiving payouts for your releases, you’ll need to connect a Stripe account to the EVEN marketplace. This setup verifies your identity and ensures smooth transfers directly to your bank account. Here’s what to do based on your role:
1. New Artists
When you’re creating your artist profile, you’ll automatically be directed to Stripe’s onboarding process to link your new account with EVEN. Be sure to use the same email address for both your EVEN and Stripe accounts to keep things seamless.
2. Collaborators
If you’re part of a release and have a revenue split, you’ll receive an email with a link to complete Stripe onboarding. Look for an email with the subject "Act Now: Secure Your Daily Payouts on EVEN with Stripe!" and follow the instructions to set up your account. Complete the setup before the release goes live to ensure you’re eligible for daily payouts.
How Often Will I Get Paid?
Daily for releases that have generated over $25 in revenue.
Weekly on Thursdays for releases under $25.
Payouts may take 24–48 hours to process, depending on your bank.
EVEN’s Revenue Share
EVEN takes a 20% revenue share at the time of sale, covering all transaction fees for both fans and artists. For instance, if your release makes $100, you’ll receive a net payout of $80.
Where Can I Get a Stripe Account?
Stripe is available in specific countries. If your country isn’t on the list provided, please reach out to our support team through the chat in the bottom right corner of the screen.
Details Required for Stripe Onboarding
To ensure a smooth onboarding process, make sure to have the following information ready. This data is essential for secure payments and regulatory compliance:
Legal Name: Must match the name on your government-issued ID to complete identity verification.
Email Address: This is your primary identifier for Stripe. If you’ve previously set up a Stripe account with this email, you’ll be redirected to log in. Ensure this email is the same as your EVEN account email if you’re a new artist.
Date of Birth: Used for age verification and regulatory purposes.
Home Address: Your residential address is required for identity verification and correspondence.
Country of Bank: Specify the country where your bank account is located to ensure proper payment processing.
Phone Number: A valid phone number is essential for communications and two-factor authentication for added security.
Providing accurate details helps ensure quick verification and a seamless payout experience.
Tracking Your Payouts On Backstage
Use the Insights dashboard in your Backstage account to track your earnings and performance. Here’s what you can view:
Total Revenue
Units Sold per Customer
Average Sale Price
Streaming Equivalent Compared to Sales
Where Can I See My Payouts In Stripe?
In your Stripe dashboard, you’ll find details on all past and upcoming payouts.
How Revenue Splits Work
Revenue splits let you share earnings with your team, including labels, managers, producers, and more. During the upload process, you’ll assign percentages to each collaborator and enter their email addresses.
Setting Up Revenue Splits
Add Revenue Split: Go to Revenue Split section of your release, click on ‘Edit Revenue Splits’, and then ‘Add Revenue Split’
Complete Setup: Enter their email, country, role, and percentage. Ensure all splits add up to 100%. New users will receive an email to set up their Stripe accounts for payouts.
Editing Splits: You can adjust revenue splits in the Releases tab only before a release is approved.
Can I Set Revenue Splits for Individual Tracks?
Currently, revenue splits are only available at the project level (for the whole album, EP, etc.), not for individual tracks.
How to Set Up Revenue Splits for Your Release
Setting up revenue splits on EVEN is simple and keeps your team rewarded transparently. You can set up splits either during the release upload or manage them later if your release is still pending.
Adding Split Users During Release Upload
At the final step of uploading your release, you’ll have the option to add revenue split recipients. Here’s how to do it:
Add Split Users
Enter Details
Ensure Accuracy
Email Notification
Managing Revenue Splits for an Existing Release
To edit splits on a release that hasn’t yet been approved:
Go to Releases in your dashboard.
Select the release you want to update.
Click on the Revenue Splits section on the right or the three-dot menu to adjust percentages or add new users.
Note: Edits can only be made for pending releases. Once approved, splits are locked.
How Record Labels Get Paid on EVEN
Revenue is split into Music Share and Access Share, each representing 50% of total earnings. Here’s an example:
If a release makes $1,000:
A label with 20% of the Music Share earns $100 (20% of $500).
The artist receives 80% of the Music Share ($400) plus the full Access Share ($500), totaling $900.
This split system ensures fair and clear revenue distribution across your team and partners.
