20 April 2022
Payment provider ArtsPay and the Australian Music Association (AMA) have today announced an exciting new partnership that will help music retailers reduce their payment fees and at the same time help build a new funding source for the arts.
The partnership means Australian music retailers will access priority account management and special rates when they switch to ArtsPay, saving businesses money every month.
ArtsPay is a for-purpose payment processing company which uses the fees from each transaction to support the arts. That means that every music retailer that joins ArtsPay will be helping to build a new source of funding for artists – and that includes musicians and sound related arts organisations.
It also means that customers who shop at music retailers using ArtsPay will know that the business is helping to support the arts.
The Australian Music Association is the industry body for the music products sector – wholesalers, manufacturers, retailers and associated services for musical instruments, pro audio, print music, lighting and computer music.
“This is a win for music retailers and a win for the arts” says AMA Executive Officer Alex Masso. “Our members would like to see their payment processing fees go towards supporting artists and we strongly encourage them to make the switch”
“This is an exciting growth opportunity for ArtsPay ” said Alistair Webster, ArtsPay Co-founder. “Not only will we be supporting small businesses as they recover from the pandemic, but the more music retailers that come on board, the faster we will be able to grow our funding for the arts, and the quicker we can start having an impact.”
Profits generated from ArtsPay payment processing fees will be distributed to independent artists and small arts organisations via our charitable foundation, the ArtsPay Foundation.
This partnership adds to ArtsPay’s formal agreement with the Australian Booksellers Association and demonstrates the growing support for ArtsPay from retailers who would prefer to see their fees go to the arts, rather than the big banks.
Media Contact: Alistair Webster 0499 760 777 firstname.lastname@example.org