It’s more like old iTunes and the like. No subscription, just buy albums. Artists define the price, and keep the majority of their revenue with some Fridays being Bandcamp Fridays where they get to keep all the revenue. You can download everything you own or you can stream it from the website or app on your phone also.

Only real downside with Bandcamp is that you won’t find some artists there but it all depends on what you listen to and want to find.