Kevin Mooney: In my opinion, it's the best place for bands and labels to get paid for their work. I'm showing you sort of a recording of our homepage and you can see our live feed, which shows sales as they're happening. So what you probably know then, is that it's a global marketplace for music. Kevin Mooney: So what's a Bandcamp? Actually, can I get a show of hands? Have you heard of Bandcamp? Whoa. I did it in 1999 and I've been building systems to take your money ever since. Kevin Mooney: So my first e-commerce site was built in Miva Merchant. I told Peter 20 years before I started and I only did that math when I was preparing this presentation and it terrified me. I've been working in payments and e-commerce. I'm an engineering manager at Bandcamp and I'm an individual contributor on the payments team there. I'm just going to repeat Peter's introduction. Kevin Mooney: So who am I? I'm Kevin Mooney. But more appropriately, it could probably be called the history of payments at one particular multi-currency marketplace and that place is Bandcamp, where I work. So yeah, this presentation is called Multi-currency Marketplaces and You. Transcript of Multi-Currency Marketplaces and You Watch Kevin's talk above to find out how they did it, and what they learned along the way. It's a great example of a well thought out payments flow. In some scenarios, they're also calculating additional items on the transaction, like VAT for example. They do this to the tune of about 20 currencies at the moment. Now, Bandcamp takes a revenue share in real time, in whatever the seller's currency happens to be. As the site grew and more bands signed up, the payments team decided there had to be a better way to pay artists, while also collecting their revenue share. Originally, fans paid artists directly, and Bandcamp would withdraw their revenue share later - somewhat like settling a tab. Kevin walks through the history of payments at Bandcamp, and how things worked in the beginning in 2008. Was it always this way? What did it take to build a payments system to serve a global audience? Building a global payments strategy The payment numbers Kevin discusses during his talk are astounding, showcasing not only a great platform - but also a story of musicians all over the world that can credit Bandcamp for a portion of their success. What is it like to sell products on a global scale, and in a myriad of currencies? BandCamp does this on a daily basis, allowing musicians around the world to sell directly to their fans. Bandcamp helps musicians on a global scale
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