Cmoan smacks you can do it better
 

No News; No News; No News.

In this case, I don't know that No News is Good News.  This is absolutely ridiculous.  Certainly makes you appreciate the professionalism and consistency of Shutter Stock.   

each time I see this thread pop to the top I think .. ahhh the earnings have finally been posted.  not so.

emailed istock support and got a similar answer.....

"Thank you very much for your email.

We encountered a major technical problem while adding the November Royalties to the StockXpert accounts. We are working on correcting the problem and the November as well as December royalties will be posted soon, our hope is within the next fee days.

I apologize for the delay and any inconvenience this may cause.

Please let us know if you require further assistance.

Regards,


Darek Z
iStockphoto
Client Relations
Toll-free 1-866-478-6251
Ph: 403-265-3062

Hey anyone...  I haven't been keeping up with this thread or Stinkstock...    maybe one of you can tell me the answer.    Can I still just close out the  StockXpert/TS  account no matter how much is in the hole?  I think I've sold maybe a 1/2 dozen pix since they moved me over.   My IS stuff doesn't show there and what they took from StockXpert are probably my worst images...  in fact,  I wouldn't have the cojones to upload them anywhere anymore.  LOL    =tom

It looks like some poor employee has to manually count every image sale, they do not trust computers anymore :-)

must be that.. I am really curious to see the results after that massive downloads..

I keep questioning myself regarding big companies or whatever.. why the heck they are so incompetent.. if it was my business sure I would have fired all staff and bring some new blood or change all actually lol perhaps..

how is this possible.. more than 2 month to pay some cheap royalties??

that�s why low corners will born everyday

Thinkstock is an abomination that I hope and pray fails, and fails big time. If Thinkstock succeeds it will be yet another nail in the coffin of microstock. Do yourself and the microstock industry a big favor and delete all of your images from the site. If you continue to tolerate this type of treatment, you send Getty the message that it's OK, and things will just continue to get worse as time goes by.

I got an email today from Darek and he told me, maybe sometime next week.

Lets keep fingers cross.

Probably hundreds of thousands of dollars in cash from unpaid sales sitting there earning a few percent interest means a major incentive to not pay us as long as they can....I want my money with interest even if only a few extra cents, i never gave permission for my earnings to be used in this way. I would love to close my thinkstock account but there is no way to close it through I stock without closing all the other partner sites.  I really wish we could check off sites separately.  This is bordering on criminal action/theft. we have been told we'll get paid the 10th day after the end of every month, then we were told this would be resolved by early Jan, then we are being told in a few days, and now apparently we are being told maybe next week.  This is a dangerous and highly illegal game they are playing!  I can't imagine anyone keeping  there images on the shadey scam of a website Thinkstock for the lousy $7 a month they earn.  I want my money NOW! This is no longer about the tiny amount of money we earn from Thinkstock it is about not setting a precedent that we are willing to just roll over and allow this behavior because you can be sure other sites will follow suit when they find out we don't make a peep when our images are sold for 25cents and then we don't even see that money. How far will you allow them to screw you, perhaps they should lower it to 10 cents or just make them free since we are not getting paid anyway!

Quote from: lightscribe on January 15, 2011, 16:57

How far will you allow them to screw you, perhaps they should lower it to 10 cents or just make them free since we are not getting paid anyway!

Well for many of us TS was already a step too far.  That's why so many people never opted in to it. 

So what if you opt out of the PP at Istock?  Big loss.  Isn't it just TS and Photos.com?  What do you think you would be missing? 

30% of my small income at IS is made there

Quote from: Allsa on January 14, 2011, 22:12

Thinkstock is an abomination that I hope and pray fails, and fails big time. If Thinkstock succeeds it will be yet another nail in the coffin of microstock. Do yourself and the microstock industry a big favor and delete all of your images from the site. If you continue to tolerate this type of treatment, you send Getty the message that it's OK, and things will just continue to get worse as time goes by.

Rather than answer the long rant from someone else about interest and our money, which is a pittance, I will make an effort to explain a couple of things.

When you sell a business the money owed is not considered assets, it doesn't help their position at all.

It's against the law to collect interest or invest money that is owed for commissions, so they make nothing on what they gold.

Anything that Getty is holding or not paying for a month, isn't doing them any good, in fact it's a liability. nIt's debt!

Maybe some other people think that this incompetence is a conspiracy, I think it's just a farce and having a lack of resources to handle the needs. Now there's a way to save money, low payroll, short staff. 

and what a business

Quote

Rather than answer the long rant from someone else about interest and our money, which is a pittance, I will make an effort to explain a couple of things.

When you sell a business the money owed is not considered assets, it doesn't help their position at all.

It's against the law to collect interest or invest money that is owed for commissions, so they make nothing on what they gold.

Anything that Getty is holding or not paying for a month, isn't doing them any good, in fact it's a liability. nIt's debt!

Maybe some other people think that this incompetence is a conspiracy, I think it's just a farce and having a lack of resources to handle the needs. Now there's a way to save money, low payroll, short staff. 

This tells only half the story and you know it - how a company can structure its working capital, the liquidity of its assets, the ability to generate interest income, etc are all hugely relevant - of course a buyer in doing its due dligence will be aware of liabilities on the books but it is hugely relevant how those liabilities are structured.

Does the due diligence also include discovering that they are being run by incompetents and under staffed?

The point is, that people claim that Getty is making money on interest with our money. They are not, it's illegal. The money they owe is a debt liability not and asset. You can double talk all you want about structuring working capitol, which owed commission is not. Owed money is not liquid it's held and not useful for investment or other purposes. (not legally) What they owe is not helping them look better, for a sale, it's working against them.

Too bad we don't have another thread for this, because some people who earn from ThinkStock and StockXpert would like to know that earnings were actually posted, not just that someone else who doesn't have an account and doesn't sell there, is railing against Getty again. Maybe there should be an "Why I hate Getty" forum, so the rest of the message threads can get on with communication about some other topics?

Why does almost every thread in any topic, no matter the subject, turn into a Hate Getty and IS thread?