Author Topic: Currency change for Adobe Stock account ( to US Dollars ) (Read 34502 times)

biibii · « **on:** February 21, 2023, 17:40 »

.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..

Bad for me ,previously received euros, about -5% cut. Well great, not.

cobalt · « **Reply #1 on:** February 21, 2023, 17:43 »

Yes, for me getting paid in Euros was better.

But who knows, maybe one day the Dollar will rise again.

mike123 · « **Reply #2 on:** February 21, 2023, 17:54 »

Quote from: biibii on February 21, 2023, 17:40

.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..

Bad for me ,previously received euros, about -5% cut. Well great, not.

I think you can easily add some conversion fees into that, so it's more like a 10% cut..
Really bad - Adobe is the last agency that keeps microstock game alive for me and if it also starts to decline, there will be no more sense to keep microstock going $:-\$

Espie · « **Reply #3 on:** February 21, 2023, 18:07 »

Very bad news indeed

Lina · « **Reply #4 on:** February 21, 2023, 18:08 »

Quote from: mike123 on February 21, 2023, 17:54

Quote from: biibii on February 21, 2023, 17:40
.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..

Bad for me ,previously received euros, about -5% cut. Well great, not.
I think you can easily add some conversion fees into that, so it's more like a 10% cut..
Really bad - Adobe is the last agency that keeps microstock game alive for me and if it also starts to decline, there will be no more sense to keep microstock going $:-\$

Yes, it's incredibly hard to stay motivated with all that exciting news...
I'm wondering why we don't have same treatment when we are buying Adobe's software - 1 $ = 1 €? Ah, never mind, I'm just tired of microstock all together.

HalfFull · « **Reply #5 on:** February 21, 2023, 18:12 »

For the time being I’ll be better off… UK pound! But, exchange rates go up and down so no guarantees.

Zero Talent · « **Reply #6 on:** February 21, 2023, 21:42 »

trabuco · « **Reply #7 on:** February 22, 2023, 01:56 »

Exciting news again.

Big s.

Her Ugliness · « **Reply #8 on:** February 22, 2023, 02:22 »

Turning 1€ into 1$ with a 1:1 rate means a huge reduction in my income.
500$ are around 470€ and with PayPal's crappy convertion rate and convertion fee that will end up being like 450€.

thx9000 · « **Reply #9 on:** February 22, 2023, 03:04 »

Yet another pay cut. USD/EUR value aside, there's 1% paypal transfer fee for usd while you can transfer euro for free. It would be funny though if the dollar peaks again like it did the end of last year

HalfFull · « **Reply #10 on:** February 22, 2023, 03:16 »

Don’t use PayPal, you lose 3% from their poor exchange rate. Use Payoneer. I started using them a while back for SS and fee/exchange rate is approx 1-1.5% reduction. This problem is something that the UK has had for quite a while now. We’ve been receiving £0.75 per $ for some time instead of £0.8 - £0.9.

Another option I looked at was transferring dollars from Paypal to a Wise dollar account and convert from there but Payoneer still worked out cheaper and easier.

Wilm · « **Reply #11 on:** February 22, 2023, 03:19 »

At the moment, this means a loss of a good 6%. A few days ago it would have been 10%.

If I understand it correctly, we can decide on 28 February that we want to continue to be paid in euros. This way we at least have the opportunity to save another 3% paypal exchange fee.

In times of inflation, this is really sad news! Another cut.

Her Ugliness · « **Reply #12 on:** February 22, 2023, 03:23 »

Quote from: Wilm on February 22, 2023, 03:19

If I understand it correctly, we can decide on 28 February that we want to continue to be paid in euros. This way we at least have the opportunity to save another 3% paypal exchange fee.

That would be great, but I am afraid you misunderstood. Feb 28th is the deadline until witch you can request a payout in your old currency for the last time, after that our account will be switched to $, no matter what.

eyewave · « **Reply #13 on:** February 22, 2023, 03:36 »

Quote from: Wilm on February 22, 2023, 03:19

If I understand it correctly, we can decide on 28 February that we want to continue to be paid in euros. This way we at least have the opportunity to save another 3% paypal exchange fee.

You wish. You can be paid FOR THE LAST TIME in Euros, if your payout request is made til Feb 28.

eyewave · « **Reply #14 on:** February 22, 2023, 03:37 »

Hey Adobe, I guess we can now pay our Creative Collection license fees in US$ too, correct?

Wilm · « **Reply #15 on:** February 22, 2023, 03:43 »

Maybe you are right.

In my view, however, the wording should have read as follows:

If you wish to request a last payout in your current currency...

thx9000 · « **Reply #16 on:** February 22, 2023, 03:46 »

It's 2023 and they are still forcing us to go through payment processors while there's Revolut and Wise

. Same goes for Shutterstock

Her Ugliness · « **Reply #17 on:** February 22, 2023, 03:59 »

Quote from: Wilm on February 22, 2023, 03:43

Maybe you are right.

In my view, however, the wording should have read as follows:

If you wish to request a last payout in your current currency...

Sorry, butr I don't really understand how the wording can be misunderstood, it is really clear:

Quote

You will receive any future payouts in USD. If you wish to request a payout in your current currency, please log into the contributor portal by February 28, 2023 end of day and submit the request.

It's your last chance to get a payment in your old currency.

bluebird77 · « **Reply #18 on:** February 22, 2023, 04:15 »

Starting with stock illustration in 2010, I have a lot of experience in the unilateral amendment of contracts by different agencies. I really wonder why stock corporations change their conditions to the disadvantage of their providers, especially in times of crisis.

cristianstorto · « **Reply #19 on:** February 22, 2023, 05:01 »

So starting from March, an "old" € 0,99 commission will be a $ 0.99 one?
Because in this case the cut would be even worst.

Smithore · « **Reply #20 on:** February 22, 2023, 05:07 »

What a so nice news again !
So definitely in microstock there is only one way evolution : cut, cut and cut, we never had a raise in 15 years, never a good news, only deception after deception.

GregorK · « **Reply #21 on:** February 22, 2023, 05:13 »

For suppliers who have neither $ nor €, this change is beneficial. Now for 1C I will receive $ value and today it is over PLN 4.4. Throughout the last year I had PLN 4, where $ 1 or € 1 cost almost PLN 5.
In my opinion, this change should have happened a long time ago.

trabuco · « **Reply #22 on:** February 22, 2023, 05:45 »

The only agency that works fine to me today. They should keep the USD just for the USA.

Lina · « **Reply #23 on:** February 22, 2023, 06:38 »

Quote from: cristianstorto on February 22, 2023, 05:01

So starting from March, an "old" € 0,99 commission will be a $ 0.99 one?
Because in this case the cut would be even worst.

Yep, I understood so.

ch000 · « **Reply #24 on:** February 22, 2023, 07:07 »

Yea bad news for me, I'm going from euros to dollars.

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Author Topic: Currency change for Adobe Stock account ( to US Dollars ) (Read 34502 times)

biibii

cobalt

mike123

Espie

Lina

HalfFull

Zero Talent

trabuco

Her Ugliness

thx9000

HalfFull

Wilm

Her Ugliness

eyewave

eyewave

Wilm

thx9000

Her Ugliness

bluebird77

cristianstorto

Smithore

GregorK

trabuco

Lina

ch000

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