Hyperwallet edges out royalty payment competitors by expanding its scope.
Following its success in the royalty music space in 2017, Hyperwallet, a leading global payouts provider that helps platforms pay royalties to millions of independent workers and artists, is looking forward to participating in A2IM’s Indie Week, taking place June 18 to 21 in New York City.
“I think what 2017 confirmed for us is that the music industry is eager for a comprehensive global payout solution,” offered Brent Warrington, Hyperwallet’s CEO. “Five years ago, it might have been enough for platforms to offer domestic bank transfers with simplified workflows and some reporting features. That was a real improvement over what a lot of companies were doing at the time. What we’re seeing today, though, is an increasingly dispersed, sophisticated community of artists and contributors that demand more speed, more options, and more control from the companies they freelance with—wherever they are in the world.”
Warrington explained that Hyperwallet exceeds its royalty payment peers in three important ways: geographic reach, volume and scale, and integration options.
- Geographic Reach
Most payout providers serving music platforms are only capable of distributing funds domestically. Even if they offer payments in some other countries or currencies, their solution for sending those funds is typically expensive, opaque, and slow. Hyperwallet’s global network of financial partners enables music platforms to quickly and transparently send money to contributors in more than 200 countries and territories, with local clearing in over 95 of those geographies.
- Volume & Scale
Each year, Hyperwallet sends some 50 million payments around the world on behalf of its clients. There are few—if any—other royalty payout providers equipped to manage that kind of scale. That’s part of the reason that so many major companies choose Hyperwallet to manage their payments, including names like Expedia, HomeAway, and TopTal.
- Integration Options
While other royalty payment distributors usually offer one or two out-of-the-box solutions, Hyperwallet provides a range of integration options to satisfy any level of technical sophistication. Organizations can choose from a hosted payout portal, embeddable widgets, and a full suite of REST APIs. The result is a payout solution that conforms to the needs of the client—not the other way around.
Warrington encourages music royalty distribution companies to download Hyperwallet’s free ebook, Royalty Payments Are Broken (Here’s How We Fix Them), which outlines some of the biggest problems in royalty distribution today and offers solutions for how to best address them.
Hyperwallet will also be hosting a panel during A2IM Indie Week to discuss disruption in the royalty payments space. Join Hyperwallet’s SVP of Global Sales, Tyron Bennion, and the CEO of Lyric Financial, Eric Ball, at 3:00 p.m. in the Abrazo Gallery on Wednesday, June 20. Stop by the Hyperwallet table at the event to learn more about royalty payment distribution and how your platform can benefit from a technology-first approach.
To learn more about Hyperwallet’s music royalty solution and special pricing for A2IM members, please contact [email protected].
Hyperwallet’s global payout platform provides growing organizations with a fast, efficient, and transparent way to distribute funds to payees almost anywhere in the world. Trusted by enterprise, ecommerce, and on-demand platforms, Hyperwallet makes it easy to deliver a superior payment experience through a single integration. Put your payees in control with a range of convenient payment methods, enhanced financial management tools, integrated payment tracking, and user-friendly compliance and identity verification. Hyperwallet has offices in San Francisco, Austin, London, Sydney, and Vancouver. You can learn more at www.hyperwallet.com.