What You Need to Know About DistroKid Pricing and Bank

Are you an emerging artist looking to distribute your music on digital streaming platforms? If so, you've likely come across music distribution services like DistroKid. Understanding the pricing and bank feature offered by DistroKid can greatly impact your music career. In this article, we'll provide a detailed overview of DistroKid's price structuring and how their bank feature works.

DistroKid Pricing: What to Expect

DistroKid is known for its straightforward pricing, which appeals to many independent artists. Unlike some competitors who charge per release, DistroKid charges an annual fee. This fee structure can be more economical for artists who plan to release multiple tracks or albums within a year. Here's a breakdown of the basic pricing tiers:

• Musician Plan: $19.99 per year – This plan allows you to upload unlimited songs and albums under one artist/band name.
• Musician Plus Plan: $35.99 per year – This option includes all the features of the Musician Plan, plus customizable label names, release date settings, and daily sales stats. It supports up to two artist/band names.
• Label Plan: Starting at $79.99 per year – This plan includes all the features of the Musician Plus Plan and supports multiple artists (from 5 to 100, depending on the selected tier).

Additional Features and Costs

In addition to these basic plans, DistroKid offers a range of add-on features to enhance your music distribution experience. Some of these features include:

• Store Maximizer: Automatically adds your music to new streaming services and stores as they become available for an additional $7.95 per release per year.
• Shazam & iPhone Siri: For a one-time fee of $0.99 per song, your music will be detectable by Shazam and Siri.
• Leave a Legacy: For a one-time fee of $29, you can keep your releases in stores forever, even if you cancel your membership.

Understanding the DistroKid Bank

The DistroKid bank feature is designed to simplify the process of collecting and managing your music royalties. Once your music is distributed and available on digital streaming platforms, you will start earning royalties whenever your tracks are streamed or purchased. Here’s how the DistroKid bank works:

Royalties Collection

DistroKid collects royalties on your behalf from various streaming services like Spotify, Apple Music, and Amazon Music. These royalties are accumulated in your DistroKid account, often referred to as the DistroKid bank.

Accessing Your Earnings

You can access your earnings directly from the DistroKid dashboard. Here’s a step-by-step guide on how to withdraw your money:

1. Log in to your DistroKid account and navigate to the "Bank" section.
2. Click on the "Withdraw" button to initiate a payout. You can choose to withdraw your earnings via direct bank transfer, PayPal, or other available payment methods.
3. Fill in the required details and confirm your withdrawal request. The funds will be transferred to your chosen payment method.

Choosing the Right Distribution Platform

While DistroKid offers competitive pricing and a user-friendly bank feature, it’s important to explore other options and choose the best distribution platform for your needs. Other popular music distribution services include Tunecore, CD Baby, ONErpm, LANDR, Indiefy, and Amuse.

However, if you’re looking for a comprehensive platform that offers robust marketing and distribution capabilities, consider registering as a SoundOn artist. SoundOn not only helps you distribute your music globally but also assists you in promoting your tracks on TikTok and through exclusive partnerships like CapCut.

Conclusion

Understanding the pricing and bank features of a music distribution service like DistroKid is essential for managing your music career. DistroKid’s annual fee structure can be economical for artists planning multiple releases, and the bank feature simplifies royalty collection and management. However, take the time to compare other options and consider platforms like SoundOn to ensure you are making the best choice for your music distribution and promotion needs.