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Author Topic: $100 payout minimum sucks!!!  (Read 1568 times)

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wds

« Reply #25 on: March 09, 2024, 09:49 »
0
Generally speaking, it seems a fair payout system would be something like meeting a minimum amount in $$$$ or a minimum amount in time (e.g. a payout once a month if you do not meet a $$ minimum).


« Reply #26 on: March 09, 2024, 12:15 »
+2
Redbubble is the only place I know of that will pay you whatever is in your account at the end of the year even if the minimum has not been reached, which I think is pretty decent of them

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #27 on: March 09, 2024, 12:25 »
+2

You signed up with the site when these payment terms were clearly stated - no changes, no subterfuge. Making totally false statements about the agency doesn't help anyone.


Thank you Jo Ann, that's exactly the point.

If one is  struggling to reach the payout limit, it might be the wrong agency for the portfolio.

Both good points, and when I reach $100 in 2027 I'm cashing out.  :) 

DT has always been upfront and fair to us.

I suspect they have so many people at between $50 and $100 that it would be a great burden to change and have all those people, decide to cash out and leave, at the same time. That's all just how Microstock has changed, but DT holds their original contract TOS. Their choice.

As far as past experience, accounting and the laws, money held for commissions, cannot be invested or used, and is a liability, not an asset. The recent changes to the public corporations like Adobe and SS, are better for their bottom line on the annual and quarterly reports. DT reports to no one. But either way, holding our money is not something they would want to do, for financial gains. In the US and DT says they are in the US, it's illegal to use escrow money for any other purpose, you can only hold it for the person that owns the money. So the repeated accusations that somewhere isn't paying us, because they invest or get interest, is flawed.

What we consider fair or not fair, in 2024, I signed up in 2009 and that's what the terms were. DT has changed nothing.

« Reply #28 on: March 09, 2024, 13:33 »
+2
Who says the money is in escrow? And if we really owned it DT would have a legal obligation to pay it out if we close our account

zeljkok

  • Non Linear Existence
« Reply #29 on: March 09, 2024, 19:41 »
+2
I tend to agree with Liz.   In my view outstanding balance, be it 1 USD or 99 USD, should be paid out when contributor requests that his account is closed.

« Reply #30 on: March 09, 2024, 21:49 »
+1
I know this might sound funny, but why not just make more money? :)

« Reply #31 on: March 10, 2024, 00:27 »
+1
While I think that $ 50 would be a more convenient payout limit at DT, I really see no reason to complain about them. They were No. 5 for me last year, and so far No. 3 this year, they frequently sell for good prices, and never below $ 0.33. Upload procedure is fast and simple, and they accept more or less all of what I submit. The key as always is regular uploads.

« Reply #32 on: March 10, 2024, 06:06 »
+2
I tend to agree with Liz.   In my view outstanding balance, be it 1 USD or 99 USD, should be paid out when contributor requests that his account is closed.

You signed a contract when you joined that says otherwise. We can agree what's right and what should be, but you can't blame DT or accuse them of anything illegal.

« Reply #33 on: March 10, 2024, 06:10 »
+1
Who says the money is in escrow? And if we really owned it DT would have a legal obligation to pay it out if we close our account

The money is owed as payment or commission. Go ask your accountant or read some law. You signed a contract, now you want to change, you must earn $100 to be paid, which means owed money is not payable until you reach $100. If you quit before earning $100, you get nothing.

« Reply #34 on: March 10, 2024, 06:26 »
+1
Interesting to read that many are currently similarly stuck at 80 to 90 USD.

Dreamstime states as of March 2024 there are more than 1.2 million contributing photographers.

Assuming there are probably 200 thousand contributors in the same situation like us, this would equal almost 20 million USD in unpaid revenues.

With the current high interest rates on the market this is a good sum to invest.
Sounds like a kind of business model.


Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #35 on: March 10, 2024, 13:10 »
+2
Interesting to read that many are currently similarly stuck at 80 to 90 USD.

Dreamstime states as of March 2024 there are more than 1.2 million contributing photographers.

Assuming there are probably 200 thousand contributors in the same situation like us, this would equal almost 20 million USD in unpaid revenues.

With the current high interest rates on the market this is a good sum to invest.
Sounds like a kind of business model.

Only if it is legal to invest the money. If it's illegal or they make bad investments, we're even more screwed. Investments aren't always profitable. I don't agree that it's a good business model and I don't think it's legal either.

« Reply #36 on: March 10, 2024, 16:51 »
+3
Interesting to read that many are currently similarly stuck at 80 to 90 USD.

Dreamstime states as of March 2024 there are more than 1.2 million contributing photographers.

Assuming there are probably 200 thousand contributors in the same situation like us, this would equal almost 20 million USD in unpaid revenues.

With the current high interest rates on the market this is a good sum to invest.
Sounds like a kind of business model.

Only if it is legal to invest the money. If it's illegal or they make bad investments, we're even more screwed. Investments aren't always profitable. I don't agree that it's a good business model and I don't think it's legal either.

Yes, legally and in accounting terms it would be most likely at least a grey area, as they are obligations.
I think they have to account unpaid "outstandings of contributors" as reserves, comparable to pension liabilities for company pensions.

On the other hand, pension liabilities for company pensions may be invested in safe investments such as funds, bonds, fixed-term deposits, etc.
Currently you would get over 5% yield for 1Y US Bonds, what's not that bad if you think that S&P 500 is performing not much better.
https://www.bloomberg.com/markets/rates-bonds/government-bonds/us

« Reply #37 on: March 10, 2024, 17:07 »
0
Interesting to read that many are currently similarly stuck at 80 to 90 USD.

Dreamstime states as of March 2024 there are more than 1.2 million contributing photographers.

Assuming there are probably 200 thousand contributors in the same situation like us, this would equal almost 20 million USD in unpaid revenues.

With the current high interest rates on the market this is a good sum to invest.
Sounds like a kind of business model.

Only if it is legal to invest the money. If it's illegal or they make bad investments, we're even more screwed. Investments aren't always profitable. I don't agree that it's a good business model and I don't think it's legal either.

Yes, legally and in accounting terms it would be most likely at least a grey area, as they are obligations.
I think they have to account unpaid "outstandings of contributors" as reserves, comparable to pension liabilities for company pensions.

On the other hand, pension liabilities for company pensions may be invested in safe investments such as funds, bonds, fixed-term deposits, etc.
Currently you would get over 5% yield for 1Y US Bonds, what's not that bad if you think that S&P 500 is performing not much better.
https://www.bloomberg.com/markets/rates-bonds/government-bonds/us

Thank you for your thoughtful insight!!


 

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