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Author Topic: Alamy now offers Paypal and funds transfer  (Read 9613 times)

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« on: September 30, 2011, 04:58 »
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I don't know how long the funds transfer part has been an option, but the Paypal is for sure new.  A much needed upgrade from sending out cheques.


lagereek

« Reply #1 on: September 30, 2011, 05:28 »
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Thanks!

yes its been around a few moths,  very handy indeed, my latest payouts using paypal.

RT


« Reply #2 on: September 30, 2011, 06:15 »
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Thanks!

yes its been around a few moths,  very handy indeed, my latest payouts using paypal.

Ummm... The option to be paid by Paypal started today, you can't have had your latest payouts using Paypal.

@Leaf - Direct funds transfer has been an option for years.

« Reply #3 on: September 30, 2011, 06:22 »
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Again, Alamy shows the correct way to do it: You can choose if you want your Paypal payment in US Dollars, Euros or UK Pounds instead of getting the currency converted by Paypal with its poor rates.

I will continue with direct funds transfer though.

« Reply #4 on: September 30, 2011, 06:58 »
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Thanks!

yes its been around a few moths,  very handy indeed, my latest payouts using paypal.

Ummm... The option to be paid by Paypal started today, you can't have had your latest payouts using Paypal.

@Leaf - Direct funds transfer has been an option for years.

for years in certain countries and currencies but I have been looking for direct deposit for quite a while (to Norway) and it hasn't been an option.  It is an option now.

« Reply #5 on: September 30, 2011, 08:06 »
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@Leaf - many thanks for the update info re Paypal.

(currently putting together some scans to submit there RM).

« Reply #6 on: September 30, 2011, 08:30 »
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Yeah just got the email for Paypal today from Alamy... Good new it is for me!

graficallyminded

« Reply #7 on: September 30, 2011, 12:54 »
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Any thoughts on which currency we should choose to be paid?  I know it said that they pay in a way where there will be no fees taken out... but if I was to receive Euro's later converting them to USD... I'm curious as to whether it might mean a bigger paycheck.  What do you guys think?  Or is the dollar amount converted over to Euro equivalent, and then sent?  Maybe I'm just spinning my wheels for nothing here.

« Reply #8 on: September 30, 2011, 13:48 »
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But 250$ is still threshold.... :(

Xalanx

« Reply #9 on: September 30, 2011, 14:12 »
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250 threshold is not what bothers me, but the f*ckin' long time until customers pay for images IS!

« Reply #10 on: September 30, 2011, 14:16 »
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250 threshold is not what bothers me, but the f*ckin' long time until customers pay for images IS!

True. they still haven't cleared a sale 8 months ago.

Xalanx

« Reply #11 on: September 30, 2011, 14:37 »
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250 threshold is not what bothers me, but the f*ckin' long time until customers pay for images IS!

True. they still haven't cleared a sale 8 months ago.

I have some distribution sales from February that are not cleared at this moment.

lagereek

« Reply #12 on: September 30, 2011, 15:39 »
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Thanks!

yes its been around a few moths,  very handy indeed, my latest payouts using paypal.

Ummm... The option to be paid by Paypal started today, you can't have had your latest payouts using Paypal.

@Leaf - Direct funds transfer has been an option for years.

Dont know,  you might be right, it might have been direct transfer actually?  Im going to check it out.

RacePhoto

« Reply #13 on: September 30, 2011, 19:57 »
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Again, Alamy shows the correct way to do it: You can choose if you want your Paypal payment in US Dollars, Euros or UK Pounds instead of getting the currency converted by Paypal with its poor rates.

I will continue with direct funds transfer though.

I'll switch to PayPal because I have an account that's just for photography. Direct transfer was never a problem for me.

I get US Dollars because I'm there. Not to difficult of a decision.

Everyone is paid up and I'm at $248 I need a sale. Even a crummy newspaper commission would do!  :)

« Reply #14 on: October 01, 2011, 15:32 »
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I prefer the good old check method of payment because I live outside of the US.  Now I have to open a low-fee USD bank account and absorb any bank transfer fees.  Don't trust paypal enough to keep $ there. 

RacePhoto

« Reply #15 on: October 03, 2011, 10:42 »
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I prefer the good old check method of payment because I live outside of the US.  Now I have to open a low-fee USD bank account and absorb any bank transfer fees.  Don't trust paypal enough to keep $ there. 

Two questions.

Why a US bank account, Alamy is in Great Britain?

Why don't you trust PayPal, all they do is hold money and make transfers. You get paid from Alamy and you send it to your bank account, no fees, it's faster than a check in the mail.

By the way, I have gotten paid by a Canadian magazine and the bank held the check for two weeks as "foreign". (I'm in the USA) I wonder if your checks coming from Alamy to wherever you are, would also be held. What I'm getting at, is a full month to get your money vs PayPal which could be days. Just transfer it out immediately if you don't trust them holding it. :)

Ed

« Reply #16 on: October 03, 2011, 14:28 »
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Why a US bank account, Alamy is in Great Britain?

Alamy uses Citibank in the U.S.

I don't trust paypal either.  I have two accounts - one for the photo business and one for my personal business.  I received an email from them last month that all money deposited into my personal account will be held for 20 days.  Most of the money coming in is from eBay auctions - and I hadn't had any transfers in for 5 or 6 months so I'm not sure what prompted the issue.

A wire transfer is just fine for me.  I'll pay the banking fees.

RacePhoto

« Reply #17 on: October 03, 2011, 19:14 »
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Why a US bank account, Alamy is in Great Britain?

Alamy uses Citibank in the U.S.

I don't trust paypal either.  I have two accounts - one for the photo business and one for my personal business.  I received an email from them last month that all money deposited into my personal account will be held for 20 days.  Most of the money coming in is from eBay auctions - and I hadn't had any transfers in for 5 or 6 months so I'm not sure what prompted the issue.

A wire transfer is just fine for me.  I'll pay the banking fees.

Interesting and thanks.

I've seen people unhappy with PayPal holding funds and locking accounts, never the why that made sense. I've never had any problems and I have sold my 70-200 IS-USM to someone in Sweden, my 400mm 2.8 to someone in Peru and those were thousands, not a few hundred here and there. Might be that I've had an account since the 90s - eBay Member since: Sep-27-96 might be that I'm located in the US, who knows why they do some of the things they do.

But it makes sense that if they are going to hold it anyway, you save nothing in time by using PayPal instead of checks. Yes I have two PayPal accounts also, one was for business one for personal, nice way to keep the transactions separated and under the old system on had lower fees.

After all that, I'm very happy to get my next payment electronic through PayPal, just hope I don't think it's "free money" and find things to buy on eBay before I get it into the savings account!  :D

« Reply #18 on: October 03, 2011, 20:19 »
0

Why a US bank account, Alamy is in Great Britain?

Alamy uses Citibank in the U.S.

I don't trust paypal either.  I have two accounts - one for the photo business and one for my personal business.  I received an email from them last month that all money deposited into my personal account will be held for 20 days.  Most of the money coming in is from eBay auctions - and I hadn't had any transfers in for 5 or 6 months so I'm not sure what prompted the issue.

A wire transfer is just fine for me.  I'll pay the banking fees.

Interesting and thanks.

I've seen people unhappy with PayPal holding funds and locking accounts, never the why that made sense. I've never had any problems and I have sold my 70-200 IS-USM to someone in Sweden, my 400mm 2.8 to someone in Peru and those were thousands, not a few hundred here and there. Might be that I've had an account since the 90s - eBay Member since: Sep-27-96 might be that I'm located in the US, who knows why they do some of the things they do.

But it makes sense that if they are going to hold it anyway, you save nothing in time by using PayPal instead of checks. Yes I have two PayPal accounts also, one was for business one for personal, nice way to keep the transactions separated and under the old system on had lower fees.

After all that, I'm very happy to get my next payment electronic through PayPal, just hope I don't think it's "free money" and find things to buy on eBay before I get it into the savings account!  :D

Yes I am also in the happy customer from Paypal. I'm in Canada, and opened a US banking account which I managed to link to Paypal to avoid them doing the conversion fee and since then I never had any issue. I think I got my account locked once for security reason, but a phone call and 2 minutes after it was back in business. I like having all the stock site send to my Paypal then send it to my bank account without 0$ fee in the whole process... I don't burn the free money... I use my CC to buy on ebay then I reimburse it with my Stock money... ... :)

RacePhoto

« Reply #19 on: October 05, 2011, 10:42 »
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I don't know how long the funds transfer part has been an option, but the Paypal is for sure new.  A much needed upgrade from sending out cheques.


I guess that ends the discussion. Alamy has moved out of the dark ages, like the rest of the world. No More Checks.  ;D

http://www.alamy.com/Blog/contributor/archive/2011/09/30/4887.aspx

"We are now offering PayPal we can pay you in GBP, USD or EUR via PayPal. If you opt for PayPal we will send your payment so that you do not pay any PayPal fees."

"Because PayPal and funds transfer are faster and more efficient we are no longer supporting cheques. Cheques can get lost in the post and can take days to arrive." Hmm didn't we have a whole long thread about lost and missing checks somewhere else?  ::)

Last:  "We will also be removing the option of payment in Euros by wire transfer to banks located outside of the SEPA agreement area. Wire transfer payments will now only be available to banks outside of the US or Europe in USD or GBP."

Seems that the whole discussion has ended. That's the way it's going to be...

« Reply #20 on: October 11, 2011, 23:02 »
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I did further research on bank accounts and such.  I can open a USD account in my home country's bank, but it will result in a min $35 wire transfer fee for each transaction.  If I use paypal, in order to transfer usd from paypal to my home country's usd account, paypal (by law) will convert usd into my home country's currency, then my bank will convert it back to usd.  If I were to open a usd bank account (in the US), eventually I need to transfer $ back to my home bank account, which triggers the min $35 wire transfer fee.  Since the min payout is about 300 in alamy, so each payment will cost ~10%. 


 

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