Riffs are Finay’s in-app currency, designed to make transactions seamless and secure. Here’s how they work in relation to your earnings and how you can use them:

• Earning Riffs Through Sales: When you sell media on Finay—be it a song, album, Backstage Pass, live event, or lesson—the proceeds are paid in Riffs. Each sale adds to your Riff balance immediately, giving you instant access to your earnings. You can view your total Riffs in your Finay wallet.

• Using Riffs on the Platform: You have the flexibility to use Riffs within Finay, making purchases such as other artists’ content, tickets to events, or exclusive media. This feature allows you to reinvest in the community or expand your network without needing to withdraw earnings immediately.

• Withdrawing Riffs to Fiat Currency: When you’re ready to convert your Riffs to fiat currency (like USD), you can do so through Finay’s secure withdrawal process. Finay partners with Tipalti for payouts, ensuring that your transactions are safe and reliable. There’s a small 5% conversion fee for Riff withdrawals to cover platform and operational costs. Additionally, Tipalti may charge processing fees depending on your chosen withdrawal method, which vary based on the payment type.

• Instant Notification and Tracking: Each time you receive Riffs, you’re notified immediately, so you always know how much you’ve earned. Your earnings history is easily accessible, letting you track all transactions and plan your finances.

Riffs simplify the transaction process on Finay, offering you the flexibility to either withdraw earnings or reinvest them within the platform.