MicrostockGroup Sponsors


Author Topic: Currency change for Adobe Stock account ( to US Dollars )  (Read 8105 times)

0 Members and 1 Guest are viewing this topic.

« Reply #50 on: February 23, 2023, 03:59 »
+1
If they keep their euro plans at the same rates as the usd ones after the change we should make a lot of noise on social media. Damnn, I wish we had some sort of union


« Reply #51 on: February 23, 2023, 04:22 »
0
If so, for their eurozone sales, eurozone contributors will be underpaid the same way non-eurozone contributors were underpaid since the early Fotolia days.

True, except you don't have convert to other currency and lose again.

« Reply #52 on: February 23, 2023, 04:24 »
0
If they keep their euro plans at the same rates as the usd ones after the change we should make a lot of noise on social media. Damnn, I wish we had some sort of union

I took a look and I am not sure if big price difference is actually because of our VAT. If you exclude VAT, it is still cheaper in $, but difference is not so big, around 30 or so for All Apps. At least for software, for AS pricing I couldn't find prices in $.
« Last Edit: February 23, 2023, 04:34 by Lina »

« Reply #53 on: February 23, 2023, 06:23 »
+7
@MatHayward, please let us have an option do withdraw USD to a bank account directly!
If it's too much hustle for small amounts, limit bank withdrawal to 2-5-10k$ or whatever amount you find reasonable.

PayPal is taking too much of a fee for conversion USD to my local currency (and no option to withdraw USD).
I'm losing minimum 60$ to PayPal each month, which is 720$ a year only for currency conversion!

« Reply #54 on: February 23, 2023, 08:25 »
0
@MatHayward, please let us have an option do withdraw USD to a bank account directly!
If it's too much hustle for small amounts, limit bank withdrawal to 2-5-10k$ or whatever amount you find reasonable.

PayPal is taking too much of a fee for conversion USD to my local currency (and no option to withdraw USD).
I'm losing minimum 60$ to PayPal each month, which is 720$ a year only for currency conversion!

do you know how the bank conversion rate is?? i'm afraid that is pretty close to paypal conversion rate....

« Reply #55 on: February 23, 2023, 08:29 »
+1
@MatHayward, please let us have an option do withdraw USD to a bank account directly!
If it's too much hustle for small amounts, limit bank withdrawal to 2-5-10k$ or whatever amount you find reasonable.

PayPal is taking too much of a fee for conversion USD to my local currency (and no option to withdraw USD).
I'm losing minimum 60$ to PayPal each month, which is 720$ a year only for currency conversion!
If you can, use Payoneer (and Adobe offered it in their email). It has a much better conversion rate than Paypal.

« Reply #56 on: February 23, 2023, 10:56 »
+2
Payoneer takes 2% commission and PayPal 2.5%, it's not a huge difference.
Payoneer even deducts 2% for a regular transfer in the same currency. I always lose.

« Reply #57 on: February 24, 2023, 07:57 »
0
Yesterday I decided to apply for a Payoneer account, and was quickly approved.

But I managed to get it blocked at first log in.

The code, that was supposed to come at my phone, didn't arrive.
I tried resend a couple of times, and when it finally came, I got a message that it had taken too long, when I entered it(it was only a few seconds after it arrived). On next attempt, I got a message that I had entered a wrong code too many times(I had only entered a code once), and that my account was blocked.

I have not been able to find a way to contact Payoneer about the blocked account, so I guess that's it for me with Payoneer.

U11


« Reply #58 on: February 24, 2023, 09:30 »
+2
PayPal is taking too much of a fee for conversion USD to my local currency (and no option to withdraw USD).
I'm losing minimum 60$ to PayPal each month, which is 720$ a year only for currency conversion!
wise.com is a good option for low commission conversions between major currencies, check it out

« Reply #59 on: February 24, 2023, 10:04 »
+1
From my point of view i see a benefit being paid in USD.
Probably its just my opinion but i think inflation will get worse in Europe next years.
USD will do better. The 3% PayPal currency exchange rate is annoying but maybe it will be better to keep income in USD at PayPal.
Just if you don't need the microstock money every month at your Euro bank account.



« Reply #60 on: February 24, 2023, 10:31 »
+4
From my point of view i see a benefit being paid in USD.
Probably its just my opinion but i think inflation will get worse in Europe next years.
USD will do better. The 3% PayPal currency exchange rate is annoying but maybe it will be better to keep income in USD at PayPal.
Just if you don't need the microstock money every month at your Euro bank account.

i've been paid in dollar since 12 years ago from different agencies an i can tell you that dollar exchange never went down to 1 to 1 apart for a couple of month last year....the average is 1 euro=1,15 dollar and if you add paypal 3% commission you get the math....

« Reply #61 on: February 24, 2023, 11:33 »
+4
dollar exchange never went down to 1 to 1 apart for a couple of month last year

And even THEN I got less than 1 for a $, because PayPal's exchange rate was worse than the official one and they added their exchange fee.

« Reply #62 on: February 24, 2023, 12:20 »
0
dollar exchange never went down to 1 to 1 apart for a couple of month last year

And even THEN I got less than 1 for a $, because PayPal's exchange rate was worse than the official one and they added their exchange fee.

yes,paypal exchange never matches the official one...at the end we lose around 4/5% ...

« Reply #63 on: February 24, 2023, 13:20 »
+1
dollar exchange never went down to 1 to 1 apart for a couple of month last year

And even THEN I got less than 1 for a $, because PayPal's exchange rate was worse than the official one and they added their exchange fee.

yes,paypal exchange never matches the official one...at the end we lose around 4/5% ...

It's much more than that.
I just did the math for my latest Getty payment, which we also get in $. I got 9,22% less than what I would have gotten if the same amount was given to me in .
 So Adobe's decision to exchange for $ 1:1 for contributors is really a very drastic reduction in our income.

« Reply #64 on: February 24, 2023, 13:21 »
0
I am currently get paid in Sterling (British). I am interested to see what British contributors are going to chose?


« Reply #65 on: February 24, 2023, 13:23 »
+1
wise.com is a good option for low commission conversions between major currencies, check it out

True, wise.com have low commission, but no option do withdraw from Adobe to Wise  ;D

« Reply #66 on: February 24, 2023, 13:46 »
0
Has anyone managed to change yet. I am paid in (British) and when I clicked on the arrow and went through the payment stage and entered PayPal email,  I didn't get any options to change when I got to the end stage and confirm the payment to Paypal. I didn't confirm as I was confused and didn't want to mess it up.

« Reply #67 on: February 24, 2023, 13:55 »
0
Has anyone managed to change yet. I am paid in (British) and when I clicked on the arrow and went through the payment stage and entered PayPal email,  I didn't get any options to change when I got to the end stage and confirm the payment to Paypal. I didn't confirm as I was confused and didn't want to mess it up.

You don't get any option to chose. The change will happen for everyone after the 28th.

« Reply #68 on: February 24, 2023, 14:03 »
0
Has anyone managed to change yet. I am paid in (British) and when I clicked on the arrow and went through the payment stage and entered PayPal email,  I didn't get any options to change when I got to the end stage and confirm the payment to Paypal. I didn't confirm as I was confused and didn't want to mess it up.

You don't get any option to chose. The change will happen for everyone after the 28th.

Sorry. I misread the line........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 by clicking on the arrow next to Available Earnings in the dashboard...... as an option to choose. My mistake.

U11


« Reply #69 on: February 24, 2023, 22:24 »
0
wise.com is a good option for low commission conversions between major currencies, check it out

True, wise.com have low commission, but no option do withdraw from Adobe to Wise  ;D
paypal to wise and wise to paypal is free 
« Last Edit: February 24, 2023, 22:26 by U11 »

« Reply #70 on: February 25, 2023, 01:05 »
+1
From my point of view i see a benefit being paid in USD.
Probably its just my opinion but i think inflation will get worse in Europe next years.
USD will do better. The 3% PayPal currency exchange rate is annoying but maybe it will be better to keep income in USD at PayPal.
Just if you don't need the microstock money every month at your Euro bank account.

Euro is better now and in the future.

« Reply #71 on: February 25, 2023, 02:40 »
+1
I am currently get paid in Sterling (British). I am interested to see what British contributors are going to chose?

The complaints at the moment are mainly those in the EU, Euros. The pound has been paid out at 0.75 for years even though $ exchange has been way more favourable so weve been losing out for years more than what the Euro will going forward.

At least going forward any earnings will be based on the exchange rate, what ever it is, and not someones idea of what it should be like 0.75.

Personally, Ill be waiting till after the 28th as it will mean Ill make an extra 100 or more. Exchange rate AS 0.75 vs real 0.83. Payoneer convert for me with no fee and last night with a rate of 0.82.

« Reply #72 on: February 25, 2023, 02:59 »
0
I am currently get paid in Sterling (British). I am interested to see what British contributors are going to chose?

The complaints at the moment are mainly those in the EU, Euros. The pound has been paid out at 0.75 for years even though $ exchange has been way more favourable so weve been losing out for years more than what the Euro will going forward.

At least going forward any earnings will be based on the exchange rate, what ever it is, and not someones idea of what it should be like 0.75.

Personally, Ill be waiting till after the 28th as it will mean Ill make an extra 100 or more. Exchange rate AS 0.75 vs real 0.83. Payoneer convert for me with no fee and last night with a rate of 0.82.

Yes, people from the UK are the only ones who profit from this change. However, that's just peole from one tiny country - 446.8 MILLION people live in the EU. Out of this only 67 in the UK. So only 15% profit, while for 85% this change will mean a drastic loss in income. Adobe is very clearly the real winner here.

« Reply #73 on: February 25, 2023, 03:15 »
+1
True but that doesnt mean its right that we should be treated unfairly just to help the EU.

As I said, we will both now rely on the markets to decide the exchange rate for both of us. It may well mean the UK suffers later and the EU prospers but at least the decision is within the money markets and not some made up amount in a boardroom somewhere!

« Reply #74 on: February 25, 2023, 03:45 »
+1
Euro is better now and in the future.
There are lots of unsustainable debts in the ECB balance sheet.
As soon as people lose their confidence, the Euro is on a downward trend that the ECB will not be able to stop.
The Euro is on the way from the German D-mark to the Italian Lira.
It may be will take a few years but its unstoppable.


 

Related Topics

  Subject / Started by Replies Last post
22 Replies
6680 Views
Last post August 29, 2015, 08:35
by fritz
18 Replies
6262 Views
Last post May 09, 2018, 00:28
by gnirtS
2 Replies
3525 Views
Last post October 12, 2018, 04:26
by miR156
16 Replies
6410 Views
Last post December 10, 2019, 07:53
by [email protected]
2 Replies
1943 Views
Last post December 09, 2021, 06:55
by dk

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors

3100 Posing Cards Bundle