Too Lost is the first music distributor to offer its independent artists and labels direct payout to their Nerve account. Not familiar with Nerve? Read on for more information.
The following was created in collaboration with Too Lost, a company DMN is proud to be partnered with.
Nerve is a business banking app designed for creators to make getting paid a cinch. With this new integration, artists’ earnings are sent with no fees to their Nerve business debit account. It helps artists create a clear separation between their personal finances and those of their business. Nerve also offers free invoicing, group accounts, and autosave function—all designed with creators in mind.
Artists can send invoices directly from the Nerve app, helping them get paid faster. Once the invoice is paid, Nerve processes the payment and deposits it into the business debit account. Nerve also doesn’t charge its users to send money to others, or to move the money to another bank account.
One of the most beneficial aspects of Nerve’s setup is its group accounts. This feature allows multiple artists to share a single account with a team so everyone in the group can access the balance and transaction information. The main account holder still retains control over transactions and how the funds are spent—but everyone in the group account gets transparency into those actions.
Too Lost offers independent artists and labels a new way to track their music online through its Usage Discovery tool. The insights provided by this data can help artists focus their marketing efforts, resulting in higher royalty payments. Keep even more of those royalty payments by switching to Nerve banking and its creator-focused banking solution, which gives you a physical debit card to access those music royalties instantly.
Curious to learn more about Nerve banking? Here’s a quick rundown of the basics:
- Free FDIC-insured business checking with physical debit card attached, and free business savings account.
- No monthly fees. No minimum balance requirements. No hidden fees.
- Send and receive money instantly from other Nerve account holders for free.
- Access your money fee-free at a network of over 55,000 ATMs.
- No credit check or paperwork for opening an account.
Too Lost is dedicated to providing the most effortless way to do business for indie artists and musicians. It helps artists publish, monetize, and protect their songs across the globe with a roster of more than 100,000 independent artists and labels using the service so far.
The company is headquartered in New York City and has offices in Los Angeles, Barcelona, and Reykjavik. Too Lost is also a proud member of The American Association of Independent Music (A2IM) and MERLIN. The distributor aims to provide all musical creators access to the tools to build their successful music business–whatever that may be. Efficient and comprehensive digital infrastructure for the independent music sector is the goal and its partnership with Nerve is just one of the many ways the company achieves that goal. Learn more about Nerve here.