Member stores will have the opportunity to reduce their payment processing fees and help support the arts, thanks to a new partnership between the ABA and payment processing company ArtsPay.
ArtsPay is a new for-purpose payment processing company that uses the fees from every transaction to support the arts. Its mission is to build a sustainable new source of funding for independent artists and small arts organisations.
Any member store which switches their payment processing to ArtsPay by 30 June 2022 will receive a reduction on their current merchant services fees (log in for details).
“We are pleased to have secured this special arrangement for our members,” said ABA CEO Robbie Egan. “By joining ArtsPay, booksellers have an opportunity to raise money for the arts sector and save on their payment fees at the same time. ArtsPay will work with ABA members to tailor a solution that can achieve both these aims.”
“Like many small and medium businesses, bookstores have done it tough during COVID. We are pleased to offer them this special discounted rate that will help them recover from a very difficult two years, whilst also contributing to the recovery of our struggling arts sector at the same time,” said ArtsPay co-founder Alistair Webster. “By joining ArtsPay, Australian bookstores will be joining a growing community of businesses helping to grow a new source of support for the arts, including for the growth and development of Australian literature. The quicker they join, the quicker they can start reaping these savings, and helping the arts. We look forward to working with the ABA and its members through 2022.”
At least 50 per cent of the profits from ArtsPay will be distributed to small arts organisations and independent artists through a new charitable Foundation, the ArtsPay Foundation.