A musician in a band registers a Smart account. When he/she is asked to play a gig, the musician turns to Smart and fills in the financial information for the gig on his/her pages on the user web. Smart ensures that the necessary terms and conditions regarding the gig are included in the agreement with the client. After the show, the musician registers an invoice via Smart’s web tools that the concert organizer then pays.
With the money paid to the Smart account, the musician can decide how much of the sum will go to his own salary and decide when and how often he/she wants to recieve a salary payment. The musician can also pay other band members’ salaries through Smart. Smart takes all responsibility of the payment of taxes and fees in a timely manner.
The first payment from the Smart account can normally be made one week after Smart has sent the invoice to the client – regardless of the payment period applicable on the invoice sent to the client.
Other sources of revenue to the members’ Smart account may be remuneration for copyrighted material or public funding.