How remuneration on Soli works

Payments to artists are transparent and direct, as they should be.

A person buys tokens - which each token equivalent to one pence - and sets their preferred stream payout rate. Three tokens per stream is the default, though you can go as low as one and as high as five.

When someone tops up their balance, 90% of money goes towards streaming tokens and 10% going towards Soli’s maintenance and development. For example, £10 means 900 tokens for listening and £1 for Soli. All token money goes into the ‘vault’.

When a person plays a song for at least 30 seconds, that stream is logged together with their chosen stream payout rate, and that amount is deducted from their token balance.

Every Sunday, all streams for the preceding week are used to calculate how much is owed to each artist. That money is then transferred from the vault to artists.

If an artist gets 10,000 streams at an average of three tokens (i.e. 3p) per stream, they will get £300. If they get 1,000,000 streams at the same rate, they will receive £30,000.

The only deduction for artists is when they withdraw the money, for which Stripe charges a processing fee of 1.5% plus 20p.

That’s it. No mystery. No bullshit.