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Ampwall coming soon (with relevance post Bandcamp/Songtradr)
Lifted from https://ampwall.com/faq-alpha
Ampwall FAQ (alpha)
Updated August 26, 2023
Ampwall is an early stage startup currently only open to friends, family and potential partners. This document will expand as it grows.
What is Ampwall?
Ampwall is a platform for bands/musicians/music people to share, promote, and sell their music and merchandise.
How does Ampwall work?
We are currently sprinting towards our first release, which is focused on physical merchandise sales and fulfillment.
After that, we'll expand to support DRM-free digital audio sales. This feature is most of the way done but needs some polish so we can be proud of it.
Along the way, we'll continue adding to artist profiles and tools to help promote releases, connect with supporters, and strengthen scenes. We have an ambitious roadmap for Ampwall that combines familliar elements with insight that feels wholly unique.
How much does Ampwall cost?
Right now, we're looking at per-transaction fees in the ballpark of 5% plus payment processing fees, which are usually 2.9% + $0.30 per transaction.
We are highly motivated to keep fees low. We've felt the sting of high fees and know that as sales volume increases, they can add up and feel outrageous. It's our priority to run a sustainable business without expecting our most successful sellers to pay a disproportionate brunt of the costs.
How do users pay? How do sellers get paid?
Ampwall is using Stripe to process payments. Sellers will create a Stripe account during signup and connect their bank account for direct deposits.
Who is behind Ampwall?
Ampwall is the long-imagined project of Chris Grigg, a musician and software engineer based in New York.
Chris has been playing in bands for more than 20 years, including Woe, which started as a solo project in 2007. Woe has released four albums with a fifth due in September 2023 and toured throughout North America and Europe. Chris is also the drummer for the death metal band Glorious Depravity.
He has also recorded and mixed albums for many bands. Full discography here.
Chris was the first software engineer at Proteus Motion where he worked alongside the team to conceive and build the software side of the business. Proteus raised some $4-5M in funding during his tenure. Prior to Ampwall, he was a Staff Engineer at Shippo primarily focused on their new core web product's UI.
Ampwall is supported by a motivated group of friends and collaborators. Engineers and designers contributing to the platform and musicians who provide invaluable feedback and guidance.
How is Ampwall funded? Who's paying for all this?
Right now, Ampwall is entirely self-funded. We have not ruled out taking on outside investment, but our immediate priority is building an absolutely killer product that people can start using.
What is Ampwall's history?
Chris's first attempt at building a pay-what-you-want download service was in 2008. Built to sell Woe's first album, "A Spell for the Death of Man", the original product worked well enough that some friends asked to use it, then some strangers. It hung around for a year or so before better options popped up.
Almost 15 years later, while preparing to sell his latest release, he realized that despite the proliferation of options, there was still no single product that offered the combination of features he needed as an independant musician. Armed with years of software experience, he started building the service he was looking for.
Ampwall began development in January 2023. The company was incorporated in June 2023.
Why would someone use Ampwall when there are bigger and more established options?
Ampwall can offer a few things the big guys cannot.
Lower fees. Ampwall is a small operation with lower costs. We can beat them on price.
Technology. Have you noticed some of the existing options starting to feel a little... crusty? I'm not talking about Dystopia. We're building from the ground up with learnings we've developed over years of using what's out there. Frankly: we can build a better product.
Ethics. Ampwall is registered as a public benefit company which means that we are legally obligated to consider the impact of our decisions on society in addition to profit. Our commitment to the arts is baked into the company's incorporation documents.
DIY roots. Ampwall is a DIY musician owned and operated company. We are its first testers and users and our requirements are always paramount. This is a stark contrast to the rest of the market, where the major players areall publicly traded mega-corporations.
Obsessed with your band. Not in a weird way, don't worry. The only way for Ampwall to succeed is for you to succeed, and we are committed to making that happen. We are always available to answer questions, take feedback, solve problems, and help you out.
Different is good. Diversity of perspective leads to better outcomes. Competition is good for the market, good for artists. We do not accept that we should all be using the same few corporate platforms to share and sell our work.
How do I contact you? How do I sign up?
Ampwall is currently available to a limited group of testers.
Sign up for our mailing list to receive updates.
Emails can be directed to [email protected] or you can reach Chris directly at [email protected].
Comments
Thanks for posting, looks well worth keeping an eye on.
Definitely keeping an eye on this one. I wish the best for it.
Update from the founder today,, looks like they're close to allowing public sign up:
Edit, sorry, in the thread he says (as early as) Feb/march, so not as close as I hoped.
They lost me at the payment thing. Stripe? Never heard of it, and I ain’t linking my bank account to anything I’ve not heard of. What’s wrong with PayPal?
Stripe is another way to be paid online, but yeah, nothing wrong with Paypal in my humble opinion.
Plenty wrong with PayPal, they charge the receiver 5% on every transaction, and have plenty of other fees, bad currency exchange rates etc. Most businesses accept PayPal grudgingly as it is popular but it is not at all a cost effective offering for anyone. Stripe is absolutely massive and it's also cheaper, Stripe is backend for a huge number of e-commerce websites so you have almost certainly used it as a customer, even if you didn't know. Absolutely nothing to worry about and takes very little time to set up.
Next question...why didn't I sign up sooner? 😂
Hahaha... Yeah, lol. I felt the same. They also send you payments on a rolling basis, it's not like PayPal where you have to manually go in and withdraw from time to time. There is a bit of a delay after receiving money and getting it, but overall it's very convenient. I also hadn't heard of Stripe til a few months ago but yes, definitely better than PayPal as long as you have a bank account. PayPal remains a great way for the unbanked to pay for things online. The kind of fees they are charging are fair enough for that usecase, but PayPal is basically a rip off for ppl who are ultimately making bank to bank payments. The west, unfortunately, is still to get something even remotely close to how brilliant Wechat Pay is. Costs absolutely nothing to transfer money to other people, large daily allowances, and withdrawing to your bank costs, like, a measly 0.1%
I don't know if we'll ever get the equivalent of Wechat Pay in the Western world, but Stripe seems a much better solution. And of course I have a bank account. 😂
Yeah, ppl have just been used to paypal's pricing since back when it was considered amazing to be able to make online payments. 🤷♂️
I'm one of that sort. Been using Paypal for over 15 years.
My answer to hearing the question, what's wrong with Paypal,
Interestingly, Paypal's founder Peter Thiel is also Palantir. Albeit nowadays Paypal is Blackrock, Vanguard, etc. Palantir are somewhat evil, but then again, what's new or different, shrug shoulders emoji, another day, another corporate villain. https://www.tandfonline.com/doi/full/10.1080/01972243.2022.2100851
It irks me that I have to use Paypal to interact with Bandcamp and Discogs, both of which I do a LOT. But Stripe is also partly owned by Thiel (Musk, Sequoia etc), so its all the same shit. So I didn't need to point any of this out,.,,
Westworld (seasons1-4) is a documentary, with name changes. Incite/Rehoboam is Palantir. Surveillance capitalism is despicable. Oh well
as you were
Oops, I seem to have kicked something off unintentionally.
FWIW Stripe would have to be much more well known for me to touch it. PayPal may have its dark side, but at least I know who they are and how they’re regulated.
I can understand PayPal fees being annoying for sellers, but from a customer standpoint PayPal is basically a way to put a safety layer between unproven businesses and my credit card details. Though Apple Pay is taking over some of that role. For big purchases, I’ll use my credit card if the company is well known (so I have the protections that go with large purchases, at least in the UK), and if the company is an unknown quantity I’ll probably give it a miss, frankly.
Yep. FUCK paypal
Stripe is an online credit card processor. So you are not transferring money between Stripe accounts, you are just receiving money through them. As a credit card processor their rates are very reasonable especially compared to PayPal. Personally I use Square for accepting credit card payments in my business as their fees are marginally lower than PayPal’s and I can take payments in a number of different ways. If I was just online I would probably use Stripe, but people like to use PayPal because they don’t have to put their CC details out there to make a purchase so you almost have to have it there as an option.
Stripe is huge, loads of my clients use it.
This is one of the funniest things I've read in ages.
Why? Do you routinely connect your bank/credit card details to unknown entities?
@bygjohn a quick Google will get you up to speed, they're absolutely massive and definitely trustworthy
It's funny calling Stripe an unknown entity. If you've never bought anything online then yeah, maybe you've never used Stripe. If you have ever bought anything or made a charity donation online then you undoubtedly have. They've been around since 2011, they processed $800 billion in 2022 and expect to process another $1 trillion by the end of this year. It's a bit like saying "I'm not buying anything from this Amazon company, I've never heard of them".
For someone claiming to be so careful about where you put your credit card details, it's mind boggling that you've never even noticed the Stripe logo on half the internet's payment forms.
dbl pst