Reduce Payout Cost
Reduce cost, increase value and stickiness with Nerve payouts.
In this example, we'll discuss a music distributor called Tape Daddy. Tape Daddy wants reduce their payout costs, and their musicians would always prefer to get access to their money faster.
1. Tape Daddy creates an Enterprise in the Nerve dashboard. Nerve assigns Tape Daddy an account at our bank partner. Tape Daddy is able to fund their account via wire or ACH.
Nerve Enterprise Dashboard
Nerve Enterprise Dashboard
2. Tape Daddy adds a Nerve payment option to their web app. Tape Daddy links to or embeds Connect so their artists can open a Nerve account, or link to their existing bank via ACH.
Tape Daddy's creator web app
Nerve Connect
3. Tape Daddy issues payouts to their artists using the Nerve API. Nerve pays artists into Nerve accounts instantly, or their existing bank via ACH. Tape Daddy can view all payouts in Nerve Dashboard or via the API.
Tape Daddy's Funds Flow
Nerve Enterprise Dashboard
By adding a Nerve payment option to their platform, Tape Daddy:
- Helped its artists find free business banking tailored for creators.
- Removed payment delays for its musicians.
- Reduced its payment costs — even for artists who still choose to use ACH.
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Last modified 1yr ago