How to Set Up PayPal on SoundClick
SoundClick is a social network for musicians and music lovers to share and promote new music. With a free SoundClick account, you or your band can sell your own MP3s through your profile directly to other users. You can sell either single MP3s or entire albums on SoundClick. As of the date of publication, you keep 70 per cent of the profits you make, with no other associated sign-up or usage fees. To accept payments online from your SoundClick sales, you must enter an email address associated with your PayPal account in your MP3 store's profile information and customize your payment settings.
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Instructions
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Log in to your SoundClick account and click the "Upload My Own Songs" link in the upper left column.
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Click the "Band Administration" link in the middle white column.
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Set up your band account if you haven't already. Type the name of the band or artist whose music you want to sell in the "Your Band/Artist Name" field. Select the genre and sub-genre of music, then click the "Sign Up" button in the lower right corner.
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Click the "Make Money" tab on the right of the top menu.
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Click the "MP3 Store" link in the main section.
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Enter your PayPal email address in the "PayPal Email" field.
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Select the minimum payout amount at which you'd like SoundClick to pay you. SoundClick automatically transfers your balance to your PayPal account once per week once you've reached the minimum payout you've set. You can set the minimum payout as low as $10 and as high as $150.
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Click the "Okay" button in the lower right corner of the page.
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Tips & Warnings
To withdraw the funds you receive through SoundClick, you can use either a PayPal debit card, send yourself a check by hovering your mouse over "Withdraw" in your PayPal account and clicking "Request a Check," or by transferring the balance to a checking account you've linked to your PayPal account. Each option has associated fees for withdrawals, which vary according to PayPal and bank policy. If you're a solo artist, you can use your own personal account, but if you're in a band, consider starting a business account from which you can pay your expenses and members from the profits of your PayPal transfers.
The IRS considers any money you make on the sale of digital goods through third-party services such as SoundClick to be taxable income. Consult a tax professional for your band's appropriate bookkeeping and accounting needs.
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