Payments & Withdrawals

Payment Methods

MyKofre supports multiple payment methods for purchasing tracks. You can use credit cards, digital wallets, or McCoin, the platform's internal currency. All payments are processed securely through industry-standard payment processors.

For Buyers

Making a Purchase

When you purchase a track, you can pay with your preferred method. The transaction is processed immediately, and you receive access to the track right away. Your payment information is encrypted and never stored on MyKofre servers.

Using McCoin

McCoin is MyKofre's internal currency. You can purchase McCoin credits in various amounts and use them for faster checkout. McCoin never expires and can be used for any purchase on the platform. This is especially convenient if you plan to buy multiple tracks.

For Artists

Receiving Payments

When a fan purchases your track, you receive payment directly. The platform fee is deducted automatically, and your earnings are credited to your wallet. You can see all earnings and transactions in your wallet dashboard.

Currency Conversion

All earnings are converted to EUR (Euros) for consistency. This ensures you receive payments in a stable currency regardless of where your buyers are located. Conversion rates are updated regularly and based on current market rates.

Withdrawals

You can withdraw your earnings to your bank account at any time. Withdrawals typically take 3-5 business days to process. There may be minimum withdrawal amounts depending on your location. You can track withdrawal status in your wallet.

Transaction Security

All transactions on MyKofre are processed securely. We use encryption, secure payment gateways, and follow industry best practices for financial data protection. Your payment information is never stored on our servers, and all transactions are monitored for fraud.

Refunds

Refund policies vary by creator. Some tracks may be eligible for refunds within a certain period after purchase. If you have an issue with a purchase, contact support or the creator directly. Refunds, when approved, are processed back to your original payment method.

Resale Revenue

If you resell a track that supports licensed resale, you receive a portion of the sale price. The original artist also receives a share. Resale revenue is credited to your wallet and can be withdrawn like regular earnings.

Fees

MyKofre charges a platform fee on each sale. This fee covers payment processing, platform maintenance, and service costs. The exact fee structure is transparent and shown before you complete a sale. Artists see their net earnings after fees are deducted.