Our SplitPay feature enables you to automatically transfer royalty shares, based on revenue splits entered in Artist Statements, to your artists and track participants within the SymphonicMS.
We also send relevant royalty details, so your artist/participant can have insights into their performance and create their own royalty reports.
How to Enable SplitPay
Click into an artist in Artist Statements.
On the artist’s page, click the Enable SplitPay button to open the enrollment form.
Enter the artist’s email address and select Enable.
An email with the instructions to get started will be sent. You will see a confirmation banner with information about the most recent invite.
Once the SplitPay recipient completes their setup, you will see a linking banner in Artist Statements that denotes the account their royalties will be transferred to.
After enabling, their royalty share from any tracks with Completed Splits will be automatically transferred to them each month, starting with the period after SplitPay was enabled. For example, if SplitPay was enabled for an artist during MAR-21, they will start automatically receiving their share of the royalties in APR-21 and onward.
Note: Royalty splits for an artist need to be entered before the last payment request date for the current period in order to affect the following period’s royalties.
You will not be able to enter any more expenses for an artist if they’re enrolled in SplitPay.
You can view the total amount paid to all of your artists who have autopay enabled in the SplitPay line of your royalty summary pages.
How to Disable SplitPay
If you need to disable SplitPay for an artist, please reach out to our team.