Post by: biibii on February 21, 2023, 17:40
Bad for me ,previously received euros, about -5% cut. Well great, not.
Post by: cobalt on February 21, 2023, 17:43
But who knows, maybe one day the Dollar will rise again.
Post by: mike123 on February 21, 2023, 17:54
.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..I think you can easily add some conversion fees into that, so it's more like a 10% cut..
Bad for me ,previously received euros, about -5% cut. Well great, not.
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 :-\
Post by: Espie on February 21, 2023, 18:07
Post by: Lina on February 21, 2023, 18:08
Yes, it's incredibly hard to stay motivated with all that exciting news....."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..I think you can easily add some conversion fees into that, so it's more like a 10% cut..
Bad for me ,previously received euros, about -5% cut. Well great, not.
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 :-\
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.
Post by: HalfFull on February 21, 2023, 18:12
Post by: Zero Talent on February 21, 2023, 21:42
Post by: trabuco on February 22, 2023, 01:56
Big s.
Post by: Her Ugliness 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.
Post by: thx9000 on February 22, 2023, 03:04
Post by: HalfFull on February 22, 2023, 03:16
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.
Post by: 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.
In times of inflation, this is really sad news! Another cut.
Post by: Her Ugliness on February 22, 2023, 03:23
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.
Post by: eyewave on February 22, 2023, 03:36
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.
Post by: eyewave on February 22, 2023, 03:37
Post by: Wilm on February 22, 2023, 03:43
In my view, however, the wording should have read as follows:
If you wish to request a last payout in your current currency...
Post by: thx9000 on February 22, 2023, 03:46
Post by: Her Ugliness on February 22, 2023, 03:59
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.
Post by: bluebird77 on February 22, 2023, 04:15
Post by: cristianstorto on February 22, 2023, 05:01
Because in this case the cut would be even worst.
Post by: Smithore on February 22, 2023, 05:07
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.
Post by: GregorK on February 22, 2023, 05:13
In my opinion, this change should have happened a long time ago.
Post by: trabuco on February 22, 2023, 05:45
Post by: Lina on February 22, 2023, 06:38
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.
Post by: ch000 on February 22, 2023, 07:07
Post by: Roscoe on February 22, 2023, 07:30
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.
Because they can.
There's an oversupply for the vast amount of subjects and most contributors will keep on uploading regardless the conditions.
Post by: Noedelhap on February 22, 2023, 07:46
So that would be a 10% conversion cut, plus Paypal conversion fees...so all in all a 15% cut in my revenue....!
If they're so eager to consolidate all currencies, then I'd also like to pay for my Creative Cloud subscription the USD price instead of the more expensive EUR price. But I guess THAT is not possible to do?
Post by: Lev on February 22, 2023, 07:57
Adobe felt like the only safe haven lately. But I smell a beginning of major "optimization" process. Currency change can probably be just a first one from the upcoming "good news" series. :(
Post by: Noedelhap on February 22, 2023, 07:58
Post by: ch000 on February 22, 2023, 08:13
I did not receive any email regarding this. Can anyone show me a source for this news?
I did. It said:
"Dear X,
The purpose of the email is to inform you about an important change to your contributor account regarding the currency of royalty payouts.
March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars. 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 by clicking on the arrow next to Available Earnings in the dashboard. Note, the payout button is only active if at least 25 Euros or other currency equivalent are available in your account.
Regarding the conversion rate, Adobe uses credits to calculate the royalties with 1 credit = 1 USD = 1 Euro = 0.75 GPB = 7.10 SEK = 4 PLN = 150 Yen, per our Getting Paid document. If your current currency is the Euro, any available earnings will convert to the same amount in USD.
After the currency change to USD, Payoneer will be available as a payment provider in addition to Paypal and Skrill. If you wish to switch to a different payment provider, you may do so the next time you are requesting a payout.
Note, USD payments may be converted to the local currency of your payment provider account and are subject to exchange rates and fees.
If you have questions, you can use the Contact Us link in the footer of the contributor portal.
Regards,
The Adobe Stock Contributor Relations team"
Post by: rkz91 on February 22, 2023, 08:35
Post by: Noedelhap on February 22, 2023, 08:56
I did not receive any email regarding this. Can anyone show me a source for this news?
I did. It said:
"Dear X,
The purpose of the email is to inform you about an important change to your contributor account regarding the currency of royalty payouts.
March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars. 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 by clicking on the arrow next to Available Earnings in the dashboard. Note, the payout button is only active if at least 25 Euros or other currency equivalent are available in your account.
Regarding the conversion rate, Adobe uses credits to calculate the royalties with 1 credit = 1 USD = 1 Euro = 0.75 GPB = 7.10 SEK = 4 PLN = 150 Yen, per our Getting Paid document. If your current currency is the Euro, any available earnings will convert to the same amount in USD.
After the currency change to USD, Payoneer will be available as a payment provider in addition to Paypal and Skrill. If you wish to switch to a different payment provider, you may do so the next time you are requesting a payout.
Note, USD payments may be converted to the local currency of your payment provider account and are subject to exchange rates and fees.
If you have questions, you can use the Contact Us link in the footer of the contributor portal.
Regards,
The Adobe Stock Contributor Relations team"
Thank you.
Sad news. Another kick in the groin from what was once a decent agency.
Post by: kubeslaw on February 22, 2023, 09:08
a little bit offtopic, but how is your sales on adobe? My sales dropped drastically a couple of days ago, like couple times
My sales dropped too, it was great in january, now it's much worse, even though my portfolio size increased by 25% (from 4k to 5k pics) lately.
Post by: Noedelhap on February 22, 2023, 09:10
And now the only agency that was somewhat modern in this regards decides to scrap multi-currency payouts, and we're left with the conversion fees. Corporate bs at its finest.
Post by: Bauman on February 22, 2023, 09:21
I've been doing stock full-time for 12 years, but in the last few years, I've been trying to do marketing to work more with commissioned jobs and selling prints.
I've shut down Canva, Envato Elements, and Istock for a few years for low fees.
In January, I earned $2400, but I did the math, and the agencies earned about $6500 from my photographs.
For almost $9,000 a month, I make less than 30%...it's not a fair job. Better do something else.
Post by: Lina on February 22, 2023, 09:36
It is now a continuous theft with all the agencies.
I've been doing stock full-time for 12 years, but in the last few years, I've been trying to do marketing to work more with commissioned jobs and selling prints.
I've shut down Canva, Envato Elements, and Istock for a few years for low fees.
In January, I earned $2400, but I did the math, and the agencies earned about $6500 from my photographs.
For almost $9,000 a month, I make less than 30%...it's not a fair job. Better do something else.
I am very curious how is it going for you, selling directly? I am thinking about that for some time, but I'm not sure is it worth to do it plus I'm so frustrated with MS algorithms, earnings etc. that I am not sure if anybody needs anything I can produce. It is oversupply of everything on Internet and it is only getting worse in my opinion.
Post by: Bauman on February 22, 2023, 10:04
I am very curious how is it going for you, selling directly?
No, I do not sell stock photography directly. Too much competition.
I started working with companies and professionals (wineries, architects, hotels ...) in my area.
And then, I sell prints directly through my website and art galleries. But you must work with marketing - blog (the most important for building a personal brand), SEO, Social media ... -.
And you must have very high-quality work. But that's not enough, you have to be well-known.
It's a very long journey; improvements are very slow to have some personal brand awareness.
Sometimes it's daunting, a lot of work for nothing.
Post by: sgoodwin4813 on February 22, 2023, 11:44
Post by: Her Ugliness on February 22, 2023, 12:20
If they're so eager to consolidate all currencies, then I'd also like to pay for my Creative Cloud subscription the USD price instead of the more expensive EUR price. But I guess THAT is not possible to do?
I am sure microstock customers from Europe would also LOVE to pay the lower $ prices for images and videos - But they still have to pay the higher prices.
So, customers from EU pay higher prices, but contriburors from the EU now get lower $ prices. Somewhere inbetween Adobe gets to keep more money. :(
This is nothing but a shady method to cut contributors' commissions.
I am really trying hard to make a living with microstock, but whenever I have some little sucess in getting closer to my goal, an agency always finds a way to destroy whatever little progress I have been making in income by some new greedy sheme. As if the crazy inflation hasn't been bad enough already. I start to feel like, the more I work, the less money I get and I can't work fast and hard enough to make up for all the reductions in income agencies are throwing at me.
Post by: Jo Ann Snover on February 22, 2023, 12:28
... Not even a direct bank transfer is possible.
Direct bank transfer is something Alamy has done for ages (I left them last year; it's possible they've stopped but I doubt it). As Adobe is a global company already, I have to believe they have people internally who handle moving money worldwide, so this isn't as if contributors are expecting something that would be totally new or would be put in place only for contributors' benefit.
Mat, payment issues are at the heart of contributors' relationship with Adobe and the additional slice of income that paying everyone in US dollars will take from many people's earnings is a very unwelcome change. It's true that some banks charge fees to accept deposits in a currency other than the one in which the account is denominated, but not all do - and all the non-bank payment companies take a cut on currency conversions. Can you get a message to whoever initiated this change that it's gone down like a lead balloon and urge them to look at alternatives (or at the least undoing the change and reverting to the status quo)?
This was a choice Adobe made, not a regulatory requirement or a my-business-can't-survive-otherwise move.
I love the catchline "Without you, there is no us" but it has to mean something in terms of how contributors' interests are considered. Can you help the execs who came up with this understand?
Post by: cobalt on February 22, 2023, 12:45
a little bit offtopic, but how is your sales on adobe? My sales dropped drastically a couple of days ago, like couple times
Here as well. I thought this was because Valentine was over and I was doing well for the occasion. Also this Monday is a holiday in the US and in many places in Europe we have carnival, which again many people use for a small holiday.
I hope it picks up again next week, I am down by around 70%. However, it might be because I dont have enough easter or summer content for the current season.
But interesting to read it is not just me.
Post by: Lina on February 22, 2023, 14:20
I am very curious how is it going for you, selling directly?
No, I do not sell stock photography directly. Too much competition.
I started working with companies and professionals (wineries, architects, hotels ...) in my area.
And then, I sell prints directly through my website and art galleries. But you must work with marketing - blog (the most important for building a personal brand), SEO, Social media ... -.
And you must have very high-quality work. But that's not enough, you have to be well-known.
It's a very long journey; improvements are very slow to have some personal brand awareness.
Sometimes it's daunting, a lot of work for nothing.
So my instinct not to do it was correct, thank you!
Yeah, I believe it is very hard to create well-known personal brand, even if you have great work. Good luck! :)
Post by: Lina on February 22, 2023, 14:23
I am really trying hard to make a living with microstock, but whenever I have some little sucess in getting closer to my goal, an agency always finds a way to destroy whatever little progress I have been making in income by some new greedy sheme. As if the crazy inflation hasn't been bad enough already. I start to feel like, the more I work, the less money I get and I can't work fast and hard enough to make up for all the reductions in income agencies are throwing at me.
Exactly... one step forward - two steps back, all the time.
Post by: Visualab on February 22, 2023, 14:32
Post by: Just_to_inform_people2 on February 22, 2023, 16:10
Post by: cobalt on February 22, 2023, 17:38
Why leave any bonus from conversion to paypal? Adobe could even take a small cut for themselves if they offer us a better rate. It could be a win win for all involved just not for paypal.
And it would be a service other agencies dont bother to offer.
Post by: Visualab on February 22, 2023, 18:24
I wonder if it would be possible for Adobe to offer a conversion service to Euros or other currencies. Adobe is a huge company, I am sure they would get much, much better conversion rates than if we as artists all do it ourselves as individuals.
Why leave any bonus from conversion to paypal? Adobe could even take a small cut for themselves if they offer us a better rate. It could be a win win for all involved just not for paypal.
And it would be a service other agencies dont bother to offer.
actually adobe earns lot of money from converting 1 euro credit to 1 us credit because in the last several years i can't recall euro to be lower than 1$ aparr for few months...so they don't care if we have to do an extra conversion on paypal or whatever...they all of the sudden have found a way to make money with the least effort on our shoulders...
Post by: Zero Talent on February 22, 2023, 19:23
Is it still the case for AS?
Post by: Lina on February 22, 2023, 23:43
I know that Fotolia use to sell to European customers in euros.Of course it is. For example 40 credits pack costs 337,49 including VAT (which can be different depending on country). Right now I can't see from phone how much it is in USA and in $ but it was cheaper as far as I know.
Is it still the case for AS?
Post by: Zero Talent on February 23, 2023, 02:26
I know that Fotolia use to sell to European customers in euros.Of course it is. For example 40 credits pack costs 337,49 including VAT (which can be different depending on country). Right now I can't see from phone how much it is in USA and in $ but it was cheaper as far as I know.
Is it still the case for AS?
If so, for their eurozone sales, eurozone contributors will be underpaid the same way non-eurozone contributors were underpaid since the early Fotolia days.
Welcome to the club! ;)
Post by: thx9000 on February 23, 2023, 03:59
Post by: Lina on February 23, 2023, 04:22
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.
Post by: Lina on February 23, 2023, 04:24
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 $.
Post by: lenev on February 23, 2023, 06:23
If it's too much hustle for small amounts, limit bank withdrawal to 2-5-10k$ 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!
Post by: Visualab on February 23, 2023, 08:25
@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....
Post by: mike123 on February 23, 2023, 08:29
@MatHayward, please let us have an option do withdraw USD to a bank account directly!If you can, use Payoneer (and Adobe offered it in their email). It has a much better conversion rate than Paypal.
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!
Post by: GregorK on February 23, 2023, 10:56
Payoneer even deducts 2% for a regular transfer in the same currency. I always lose.
Post by: Jens G on February 24, 2023, 07:57
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.
Post by: U11 on February 24, 2023, 09:30
PayPal is taking too much of a fee for conversion USD to my local currency (and no option to withdraw USD).wise.com is a good option for low commission conversions between major currencies, check it out
I'm losing minimum 60$ to PayPal each month, which is 720$ a year only for currency conversion!
Post by: tδtarδtδ on February 24, 2023, 10:04
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.
Post by: Visualab on February 24, 2023, 10:31
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....
Post by: Her Ugliness on February 24, 2023, 11:33
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.
Post by: Visualab on February 24, 2023, 12:20
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% ...
Post by: Her Ugliness on February 24, 2023, 13:20
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.
Post by: uvox4 on February 24, 2023, 13:21
Post by: lenev on February 24, 2023, 13:23
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
Post by: uvox4 on February 24, 2023, 13:46
Post by: Her Ugliness on February 24, 2023, 13:55
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.
Post by: uvox4 on February 24, 2023, 14:03
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.
Post by: U11 on February 24, 2023, 22:24
paypal to wise and wise to paypal is freewise.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
Post by: trabuco on February 25, 2023, 01:05
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.
Post by: HalfFull on February 25, 2023, 02:40
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.
Post by: Her Ugliness on February 25, 2023, 02:59
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.
Post by: HalfFull on February 25, 2023, 03:15
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!
Post by: tδtarδtδ on February 25, 2023, 03:45
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.
Post by: Lina on February 25, 2023, 05:29
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.
If that really happens and $ becomes much stronger than , I could bet that AS won't keep 1 = 1 ratio for these currencies.
Post by: HalfFull on February 25, 2023, 06:17
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.
If that really happens and $ becomes much stronger than , I could bet that AS won't keep 1 = 1 ratio for these currencies.
I get your point but its Unlikely theyre paying you a dollar so it doesnt cost them any more or less. Theyre saving by reducing red tape, staff and systems converting currency in house. Its the bank / payment system that takes on that job and takes a % cut by offering a slightly less favourable conversion rate.
Post by: YadaYadaYada on February 25, 2023, 06:24
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.
If that really happens and $ becomes much stronger than , I could bet that AS won't keep 1 = 1 ratio for these currencies.
I get your point but its Unlikely theyre paying you a dollar so it doesnt cost them any more or less. Theyre saving by reducing red tape, staff and systems converting currency in house. Its the bank / payment system that takes on that job and takes a % cut by offering a slightly less favourable conversion rate.
It took 4 pages and there's the answer. Nothing but making bookkeeping easier. US company pays in US dollars.
Post by: Lina on February 25, 2023, 06:51
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.
If that really happens and $ becomes much stronger than , I could bet that AS won't keep 1 = 1 ratio for these currencies.
I get your point but its Unlikely theyre paying you a dollar so it doesnt cost them any more or less. Theyre saving by reducing red tape, staff and systems converting currency in house. Its the bank / payment system that takes on that job and takes a % cut by offering a slightly less favourable conversion rate.
Well, they are still charging buyers in , so I guess they are not saving that much, they still have to do some conversions. And I believe it goes mostly automatically these days, not that they calculating by hand so it needs so many resources.
Post by: HalfFull on February 25, 2023, 07:07
Post by: gnirtS on February 25, 2023, 10:11
Not a good look. Commission reduction via the back door.
Post by: Her Ugliness on February 25, 2023, 12:33
True but that doesnt mean its right that we should be treated unfairly just to help the EU.
Of course not, I did not say that. All I said was that this is a move by Adobe to drastically reduce contributors' income and that it doesn't matter that a few people will now get more money, when a lot of people will get less, because overall in the end Adobe pays out much less money to contributors than before, but still gets the higher prices from all European customers. It's just a greedy sheme to mask a commission cut.
A fair way would be to treat all contributors the same. If an image was sold for a higher price, then the contributor the image belongs to should also get a higher commission, completely regardless of whether he is in the US, the UK, or somewhere in the zone. We should all get the percentage we were promised from a sale, not from some made up $ price that does not equal what the image was really sold for.
Post by: Uncle Pete on February 25, 2023, 12:46
Effectively a 10% paycut for all contributors outside the USA factoring in the conversion and rates from paypal etc.
Not a good look. Commission reduction via the back door.
So effectively people who got paid in dollars were making 10% less than the rest of the world all this time? When do we get compensated for the inequity that gave you more than us? 🤔 😈
Post by: HalfFull on February 25, 2023, 13:40
Effectively a 10% paycut for all contributors outside the USA factoring in the conversion and rates from paypal etc.
Not a good look. Commission reduction via the back door.
So effectively people who got paid in dollars were making 10% less than the rest of the world all this time? When do we get compensated for the inequity that gave you more than us? 🤔 😈
Exactly, I didnt see any contributor complaining when they were getting more than the dollar conversion rate certainly no one from the EU was saying, common, those poor folks in the UK and other countries have been getting way less than the official exchange rate for many years!
If customers pay in in Euros based on exchange rate, then its only right that contributors also receive dollars so they too can receive the proper exchange rate.
As it stands at the moment, these made up exchange rates are rarely ever providing the contributor with the correct rate. The new system will but some who were benefiting while others were suffering are now upset theyve lost the additional extra above the official rate. Why should they pocket the extra others lose out on?
Listen this is the last Ill say on it but to me its not a conspiracy to do the EU contributors out of earnings, its to streamline their bookkeeping, making the system easier to manage and make sure everyone is able to obtain the official exchange rate into their own currencies.
The Dollar, like it or not, is classed as the international currency and Alamy and many other UK companies use it when the majority of their customers live outside the UK. Today you may be down, tomorrow you maybe up but it no longer will be someone in a grey suit in a boardroom deciding it just because they want to skim some extra money (SS), its the economy of the free world deciding the value of the exchange rate.
Post by: cascoly on February 25, 2023, 13:56
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.
have you tried using a different email?
Post by: Lina on February 25, 2023, 14:10
Effectively a 10% paycut for all contributors outside the USA factoring in the conversion and rates from paypal etc.
Not a good look. Commission reduction via the back door.
So effectively people who got paid in dollars were making 10% less than the rest of the world all this time? When do we get compensated for the inequity that gave you more than us? 🤔 😈
You should ask Adobe, european contributors didn't take anything from you. Plus currently it is around 10% with conversion to euro, which you don't need to do.
Post by: gnirtS on February 25, 2023, 19:00
Post by: trabuco on February 26, 2023, 01:36
Post by: Jens G on February 26, 2023, 02:13
It would of course be an option to close the account I just made, and make a new with a different email address. But getting blocked because their system didn't work right, and not being able to contact them about it as a first impression, tells me that Payoneer is not for me. I would be afraid that it could happen again.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.
have you tried using a different email?
Post by: Noedelhap on February 26, 2023, 14:00
Adobe wont offer the chance to pay for CC in USD though. That's local currency so they're winning twice there.
They even made up some bs story about how their CC plans and products need to be marketed for European countries, with translations and overseas legislation and everything, and how all of those expenses result in higher EUR prices.
Even though the revenue from the markup on the EUR prices outweigh all of those expenses.
Post by: Stephan on February 26, 2023, 14:42
Post by: Uncle Pete on February 26, 2023, 14:48
Effectively a 10% paycut for all contributors outside the USA factoring in the conversion and rates from paypal etc.
Not a good look. Commission reduction via the back door.
So effectively people who got paid in dollars were making 10% less than the rest of the world all this time? When do we get compensated for the inequity that gave you more than us? 🤔 😈
You should ask Adobe, european contributors didn't take anything from you. Plus currently it is around 10% with conversion to euro, which you don't need to do.
Although I wasn't totally serious with that request that we get the same pay for the same work, if you want to start picking? The fact that you got paid more, took away from the company profits, so all of other people got paid less and the company couldn't afford to give us more or equal pay. So yes you did take something from us.
Honestly, a company paying suppliers with one currency is a good idea. For them, not for us, but for their accounting and internal affairs.
What they do for CC has nothing to do with our business and interests. When they announced this it didn't say Euros or dollars or Pounds. It said many different international currencies. I wonder how many they were using and having to figure out, convert and then pay.
Yes I agree, the European people will get stiffed a bit by this and possibly exchange rates or transfers. And you will be incurring higher expenses for the cost of doing business. You have my honest sympathy, but I'm not going overboard, as you got paid more than the rest of us for about 20 years.
Post by: Zero Talent on February 26, 2023, 15:37
Effectively a 10% paycut for all contributors outside the USA factoring in the conversion and rates from paypal etc.
Not a good look. Commission reduction via the back door.
So effectively people who got paid in dollars were making 10% less than the rest of the world all this time? When do we get compensated for the inequity that gave you more than us? 🤔 😈
You should ask Adobe, european contributors didn't take anything from you. Plus currently it is around 10% with conversion to euro, which you don't need to do.
Although I wasn't totally serious with that request that we get the same pay for the same work, if you want to start picking? The fact that you got paid more, took away from the company profits, so all of other people got paid less and the company couldn't afford to give us more or equal pay. So yes you did take something from us.
Honestly, a company paying suppliers with one currency is a good idea. For them, not for us, but for their accounting and internal affairs.
What they do for CC has nothing to do with our business and interests. When they announced this it didn't say Euros or dollars or Pounds. It said many different international currencies. I wonder how many they were using and having to figure out, convert and then pay.
Yes I agree, the European people will get stiffed a bit by this and possibly exchange rates or transfers. And you will be incurring higher expenses for the cost of doing business. You have my honest sympathy, but I'm not going overboard, as you got paid more than the rest of us for about 20 years.
Something discussed extensively a few years ago:
https://www.microstockgroup.com/fotolia-com/adobe-stock-30084/msg491269/#msg491269 (https://www.microstockgroup.com/fotolia-com/adobe-stock-30084/msg491269/#msg491269)
Probably, as opposite to the Fotolia days, the amount of US sales is now exceeding by some margin the amount of eurozone sales, so whatever gains AS had by selling in euros in the eurozone, are now nullified by overpaying the eurozone contributors for their US sales.
So, the charity had to be ended.
Post by: Lina on February 26, 2023, 18:12
Post by: Anyka on February 27, 2023, 03:40
On top of that, Adobe will be PAYING in dollars, which will cost us between 2,5% (payoneer) and 3,5% (paypal).
Did Adobe not know they can PAY in euros? Canstock just changed this to our benefit : I am EARNING in dollars at Canstock, but I'm PAID in euros, so I can skip the Paypal fee there.
Post by: Her Ugliness on February 27, 2023, 03:44
Did Adobe not know they can PAY in euros? Canstock just changed this to our benefit : I am EARNING in dollars at Canstock, but I'm PAID in euros, so I can skip the Paypal fee there.
Same with Alamy. My earnings are displayed in $, but I get paid in .
Post by: HalfFull on February 27, 2023, 03:59
Did Adobe not know they can PAY in euros? Canstock just changed this to our benefit : I am EARNING in dollars at Canstock, but I'm PAID in euros, so I can skip the Paypal fee there.
Same with Alamy. My earnings are displayed in $, but I get paid in .
Did you think you were getting the exact exchange rate from Alamy just because you don't see the workings out behind it?
"Section 12.4 of the Contributor contract: Where your chosen currency is not US Dollars, all amounts due to you will be converted from US Dollars to your chosen currency at the exchange rate provided by Alamy or Alamy's Payment Provider on the date that the payment is made or the preceding working day in England. If the exchange rate is provided by Alamy, it will be within 2.5% of the spot rate on that day.".
So, they too take a cut which is no more than 2.5%. Smoke and mirrors. It costs them to convert the currency and they aren't going to do that for nothing! And Alamy's Payment provider does the same to them... which is even less transparent.
You can send dollars directly to your bank... but they too will charge you a commission to cover expenses etc.
Post by: Her Ugliness on February 27, 2023, 04:12
Did Adobe not know they can PAY in euros? Canstock just changed this to our benefit : I am EARNING in dollars at Canstock, but I'm PAID in euros, so I can skip the Paypal fee there.
Same with Alamy. My earnings are displayed in $, but I get paid in .
Did you think you were getting the exact exchange rate from Alamy just because you don't see the workings out behind it?
"Section 12.4 of the Contributor contract: Where your chosen currency is not US Dollars, all amounts due to you will be converted from US Dollars to your chosen currency at the exchange rate provided by Alamy or Alamy's Payment Provider on the date that the payment is made or the preceding working day in England. If the exchange rate is provided by Alamy, it will be within 2.5% of the spot rate on that day.".
So, they too take a cut which is no more than 2.5%. Smoke and mirrors. It costs them to convert the currency and they aren't going to do that for nothing! And Alamy's Payment provider does the same to them... which is even less transparent.
You can send dollars directly to your bank... but they too will charge you a commission to cover expenses etc.
No, I can't. Directly from PayPal:
Quote
We only support transfers in local currency. If you withdraw money from a foreign currency balance, there will be a conversion fee.Paypal uses a crappy conversion rate to convert $ to that is much higher than the actual rate and then on top of that they charge a conversion fee when you want to withdraw $ to a account. If Alamy pays me directly in , I get the crappy conversion rate deal, but I don't have to pay the fee for withdrawing a foreign currency on top of that.
Post by: HalfFull on February 27, 2023, 04:18
Did Adobe not know they can PAY in euros? Canstock just changed this to our benefit : I am EARNING in dollars at Canstock, but I'm PAID in euros, so I can skip the Paypal fee there.
Same with Alamy. My earnings are displayed in $, but I get paid in .
Did you think you were getting the exact exchange rate from Alamy just because you don't see the workings out behind it?
"Section 12.4 of the Contributor contract: Where your chosen currency is not US Dollars, all amounts due to you will be converted from US Dollars to your chosen currency at the exchange rate provided by Alamy or Alamy's Payment Provider on the date that the payment is made or the preceding working day in England. If the exchange rate is provided by Alamy, it will be within 2.5% of the spot rate on that day.".
So, they too take a cut which is no more than 2.5%. Smoke and mirrors. It costs them to convert the currency and they aren't going to do that for nothing! And Alamy's Payment provider does the same to them... which is even less transparent.
You can send dollars directly to your bank... but they too will charge you a commission to cover expenses etc.
No, I can't. Directly from PayPal:QuoteWe only support transfers in local currency. If you withdraw money from a foreign currency balance, there will be a conversion fee.Paypal uses a crappy conversion rate to convert $ to that is much higher than the actual rate and then on top of that they charge a conversion fee when you want to withdraw $ to a account. If Alamy pays me directly in , I get the crappy conversion rate deal, but I don't have to pay the fee for withdrawing a foreign currency on top of that.
I think you may be replying to someone else as it doesn't look like you're commenting on my post about Alamy applying up to 2.5% fee for converting you $ to your local currency. This is the same or a little more than Payoneer (depending on the agreement you have with them).
I think you just have to accept you will be charged to exchange currency, no matter where you go. It's just a case of finding the cheapest one available. If you received a handful of dollars and went in in person to exchange them to Euros, they most certainly won't give you the exchange rate, it will the exchange rate less a reasonable reduction for the pleasure. They certainly won't give you more than the exchange rate like Adobe has been giving you for years.
Post by: cruiser on February 27, 2023, 11:22
I got your point...
It is obvious part of society to support unfairness from some people.
As you can easily check, images keyworded in english on Adobe Stock rank better in the english language space, which is far larger - UNFAIR!
The internal translation mechanism has been delivering poorer results outside the English-speaking world for months - UNFAIR!
Now 10 percent less - without equalizing this situation overall, i.e. also for buyers from the EU - UNFAIR!
Well, the buyers will get to know that.
Post by: Visualab on February 27, 2023, 11:30
Post by: Noedelhap on February 27, 2023, 14:11
Post by: U11 on February 27, 2023, 22:16
I tried to setup my Wise account but how do I link my Paypal account (which has USD as primary currency) to my Wise USD account? I can only link a bank using IBAN...But my Wise USD account doesn't have IBAN.US banks are not using IBAN
anyway go to your wise USD account ==> Your USD account details
there are 2 tabs one for US, one for non US
and BTW you are linkinking Paypal to Wise and not the other way around, right?
Post by: Noedelhap on February 28, 2023, 06:14
I tried to setup my Wise account but how do I link my Paypal account (which has USD as primary currency) to my Wise USD account? I can only link a bank using IBAN...But my Wise USD account doesn't have IBAN.US banks are not using IBAN
anyway go to your wise USD account ==> Your USD account details
there are 2 tabs one for US, one for non US
and BTW you are linkinking Paypal to Wise and not the other way around, right?
I know that US banks don't use IBAN, but I want to be able to send USD from Paypal to my Wise USD account, but I can only enter IBAN banks in Paypal and not US banks.
I thought that was the whole idea, to circumvent Paypal's conversion fees. But Paypal doesn't allow me to enter the account details from the USD account.
I guess it has something to do with the fact that my Paypal account is set up from inside the EU so it has different textfields to link your bank than a US Paypal account? That would be ridiculous. Paypal isn't any help either.
Post by: HalfFull on February 28, 2023, 07:17
I tried to setup my Wise account but how do I link my Paypal account (which has USD as primary currency) to my Wise USD account? I can only link a bank using IBAN...But my Wise USD account doesn't have IBAN.US banks are not using IBAN
anyway go to your wise USD account ==> Your USD account details
there are 2 tabs one for US, one for non US
and BTW you are linkinking Paypal to Wise and not the other way around, right?
I know that US banks don't use IBAN, but I want to be able to send USD from Paypal to my Wise USD account, but I can only enter IBAN banks in Paypal and not US banks.
I thought that was the whole idea, to circumvent Paypal's conversion fees. But Paypal doesn't allow me to enter the account details from the USD account.
I guess it has something to do with the fact that my Paypal account is set up from inside the EU so it has different textfields to link your bank than a US Paypal account? That would be ridiculous. Paypal isn't any help either.
I had the same problem with Paypal. I'd read some people were able to ring up and find someone who would manually enter the Dollars account for them. In my instance it was a Dollars account setup at a UK bank. I had no luck but some have found the occasional member of Paypal staff that would help.
An alternative is to use Payoneer and send the dollars from there to the dollars account at Wise and then convert it to the £/Euro wise account. While it works I seem to recall from my experiences that the extra hassle wasn't worth the small advantage gained so I just use Payoneer. The other day when I converted $ to £ the exchange rate was 0.835 and and they gave me $0.82 with no additional fees. I'm setup as a business both at Payoneer and Paypal and not sure if that reduces fees or not. Anyway, hope this may be of some use to you.
Post by: Visualab on February 28, 2023, 11:26
I tried to setup my Wise account but how do I link my Paypal account (which has USD as primary currency) to my Wise USD account? I can only link a bank using IBAN...But my Wise USD account doesn't have IBAN.another way around could be send money from paypal using xoom to transfer usd to your wise usd account...it takes some fee that depends on the amount...2000$ 25 fee 1000$ 17,75 fee..from there you can convert usd inside wise...unfortunately paypal doesn't allow to transfer usd to euro account neither link an usd bank account...
Post by: U11 on February 28, 2023, 13:39
Post by: U11 on February 28, 2023, 13:39
Quote from: Noedelhap
I guess it has something to do with the fact that my Paypal account is set up from inside the EU so it has different textfields to link your bank than a US Paypal account? That would be ridiculous. Paypal isn't any help either.have you tried to reach wise helpdesk?
Post by: Noedelhap on February 28, 2023, 13:54
Quote from: NoedelhapI guess it has something to do with the fact that my Paypal account is set up from inside the EU so it has different textfields to link your bank than a US Paypal account? That would be ridiculous. Paypal isn't any help either.have you tried to reach wise helpdesk?
It's not a Wise thing, it's a Paypal thing.
I might try HalfFull's tip. But already I think it's too much hassle. Should be much less cumbersome to transfer some money.
Post by: mike123 on February 28, 2023, 14:23
Post by: HalfFull on February 28, 2023, 14:31
Just got my money out :D. Don't forget: tonight is the last time without the pay cutSpeak for yourself ;D ... I'm holding off till tomorrow to make sure I get an extra £180! Some of us have been short changed for years!
Post by: U11 on February 28, 2023, 14:35
up to you, you know betterIt's not a Wise thing, it's a Paypal thing.Quote from: NoedelhapI guess it has something to do with the fact that my Paypal account is set up from inside the EU so it has different textfields to link your bank than a US Paypal account? That would be ridiculous. Paypal isn't any help either.have you tried to reach wise helpdesk?
I might try HalfFull's tip. But already I think it's too much hassle. Should be much less cumbersome to transfer some money.
my point was: wise is interested in getting your money (vs paypal which is not interested to loose their fat commission) so they may try to help
i dont think you are the only non-US user who wants to use wise for converting USD
Post by: mike123 on February 28, 2023, 14:56
If it gets better for you with the new change, I would probably wait a few days more.. In their email they said the change will be applied on March 3rd.. :)Just got my money out :D. Don't forget: tonight is the last time without the pay cutSpeak for yourself ;D ... I'm holding off till tomorrow to make sure I get an extra £180! Some of us have been short changed for years!
Post by: HalfFull on February 28, 2023, 15:17
If it gets better for you with the new change, I would probably wait a few days more.. In their email they said the change will be applied on March 3rd.. :)Just got my money out :D. Don't forget: tonight is the last time without the pay cutSpeak for yourself ;D ... I'm holding off till tomorrow to make sure I get an extra £180! Some of us have been short changed for years!
👍🏻 I think I seen that in an email. Been losing out for years so a couple of extra days won't hurt. It's guaranteed there will be days when the exchange rate drops below the 0.75 but at least now it will reflect the true value.
Post by: rkz91 on March 02, 2023, 00:42
Post by: Mimi the Cat on March 02, 2023, 01:16
Lol. Why my payout button is non active? I can't get payout for some reasons
Same here :( it would be nice if they told us whats going on :(
Post by: mike123 on March 02, 2023, 01:34
Lol. Why my payout button is non active? I can't get payout for some reasonsThey are likely reworking their payment processing systems. I already got the payment in Euro, which I issued 1.5 days ago - which is highly unusual and indicates that they are processing the non-USD payments right now. According to the email, from March 3rd all payments will be in USD, so I would expect the payout button to come back tomorrow :)
Post by: cristianstorto on March 02, 2023, 05:45
Lol. Why my payout button is non active? I can't get payout for some reasonsThey are likely reworking their payment processing systems. I already got the payment in Euro, which I issued 1.5 days ago - which is highly unusual and indicates that they are processing the non-USD payments right now. According to the email, from March 3rd all payments will be in USD, so I would expect the payout button to come back tomorrow :)
Same here, got my payment in just 1 day
Post by: DiscreetDuck on March 02, 2023, 06:44
But after:
"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"
Well, I have read too quickly, we had to ask payment not after Februray 28 >:(
The funnyest is I always ask for payment the last day of the curent month. There is the first time I waited. lol
Post by: MatHayward on March 02, 2023, 12:13
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
Post by: HalfFull on March 02, 2023, 12:54
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
Thanks for the confirmation Mat... I presume when it goes live Payoneer will also be available straight away?
Post by: gnirtS on March 02, 2023, 18:49
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
It's a pretty dishonest way of doing it.
If you want customers to only get paid in US Dollars as it makes things easier then why can't they also pay for Creative Cloud in USD?
At the moment its the worst of both worlds, paying for CC in local currency at a loss and now getting paid in USD at about a 10% loss.
Post by: Zero Talent on March 02, 2023, 19:52
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
It's a pretty dishonest way of doing it.
If you want customers to only get paid in US Dollars as it makes things easier then why can't they also pay for Creative Cloud in USD?
At the moment its the worst of both worlds, paying for CC in local currency at a loss and now getting paid in USD at about a 10% loss.
Didn't you get CC for free?
Post by: trabuco on March 03, 2023, 02:28
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
Post by: HalfFull on March 03, 2023, 02:42
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
I appreciate you maybe disappointed that you're no longer get more than the official exchange rate (some of us were getting a lot less than the official rate) but rather than call them thieves (which is inaccurate) maybe a thank you for all those years they paid you more than they had too?
Post by: Her Ugliness on March 03, 2023, 03:07
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
...while the same US company charges its EU customers in a higher price.
It's a bit sad to see how fiercly you are defending Adobe's latest actions, just because you and a very few people from one single country profit from it, when you very well know that in the whole sheme it means Adobe pays out much less of what it gets from customers to its contributors and this is just a sheme to maximaze profit on the backs of contributors.
Post by: HalfFull on March 03, 2023, 03:16
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
...while the same US company charges its EU customers in a higher price.
It's a bit sad to see how fiercly you are defending Adobe's latest actions, just because you and a very few people from one single country profit from it, when you very well know that in the whole sheme it means Adobe pays out much less of what it gets from customers to its contributors and this is just a sheme to maximaze profit on the backs of contributors.
And the same company gives away its software to contributors for free with only 250 downloads in a year! Hardly the action of thives.
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
What grinds me here (rather than defending AS), is the entitlement of some people that their $ should continue to be worth more than a $ is worth back in the US... Imagine if the rest of the worlds Euros were worth more than yours?!?
In business, export import, which effectively is what we are working in... exporting images to a US agency, you have to deal with currency exchange rates. Every other import/export business in the world lives by the exchange rate and the fees they're charged by the bank.
So, this is less about defending AS and more about questioning the self-entitlement of some who think they're above the system.
Post by: Lina on March 03, 2023, 03:42
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
...while the same US company charges its EU customers in a higher price.
It's a bit sad to see how fiercly you are defending Adobe's latest actions, just because you and a very few people from one single country profit from it, when you very well know that in the whole sheme it means Adobe pays out much less of what it gets from customers to its contributors and this is just a sheme to maximaze profit on the backs of contributors.
And the same company gives away its software to contributors for free with only 250 downloads in a year! Hardly the action of thives.
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
What grinds me here (rather than defending AS), is the entitlement of some people that their $ should continue to be worth more than a $ is worth back in the US... Imagine if the rest of the worlds Euros were worth more than yours?!?
In business, export import, which effectively is what we are working in... exporting images to a US agency, you have to deal with currency exchange rates. Every other import/export business in the world lives by the exchange rate and the fees they're charged by the bank.
So, this is less about defending AS and more about questioning the self-entitlement of some who think they're above the system.
I am contributor and I am buying Adobe's software, I guess I am not the only one. As a buyer, I am disappointed in their policies in many ways, but that's another story.
Regarding currency change, although it was in our eurozone favor until now, I always found weird FT/AS 1= 1 calculation instead of using normal exchange rate. And now, I think no one would complain if they announced that from now on official exchange rate will be used. They are already dealing with different currencies because of software so I don't believe either that this change will simplify their accounting.
Post by: HalfFull on March 03, 2023, 03:55
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
...while the same US company charges its EU customers in a higher price.
It's a bit sad to see how fiercly you are defending Adobe's latest actions, just because you and a very few people from one single country profit from it, when you very well know that in the whole sheme it means Adobe pays out much less of what it gets from customers to its contributors and this is just a sheme to maximaze profit on the backs of contributors.
And the same company gives away its software to contributors for free with only 250 downloads in a year! Hardly the action of thives.
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
What grinds me here (rather than defending AS), is the entitlement of some people that their $ should continue to be worth more than a $ is worth back in the US... Imagine if the rest of the worlds Euros were worth more than yours?!?
In business, export import, which effectively is what we are working in... exporting images to a US agency, you have to deal with currency exchange rates. Every other import/export business in the world lives by the exchange rate and the fees they're charged by the bank.
So, this is less about defending AS and more about questioning the self-entitlement of some who think they're above the system.
I am contributor and I am buying Adobe's software, I guess I am not the only one. As a buyer, I am disappointed in their policies in many ways, but that's another story.
Regarding currency change, although it was in our eurozone favor until now, I always found weird FT/AS 1= 1 calculation instead of using normal exchange rate. And now, I think no one would complain if they announced that from now official exchange rate will be used. They are already dealing with different currencies because of software so I don't believe either that this change will simplify their accounting.
Not Just AS but I'd rather see the option to buy goods in the local currency of the company. That way I'd receive a charge from the bank for the conversion less a fee. It would make a load of goods cheaper to people in the UK/EU when buying from the US etc. And, to be fair, the other way round as well. I know of a lot of high end gear made in the UK costs a lot more than the exchange rate in the US.
Companies with physical items have the excuse that they charge extra due to logistics, getting the items to your door etc but with non physical goods that can be downloaded over the internet, parity exchange rates whether it's the Euro or £ doesn't stack up as easily. There maybe additional costs involved but I'd imagine they're making extra from some non US citizens with their software.
That said, market value is determined by its users as well. If people weren't happy about it they could go elsewhere and if enough do then it may bring down the price. For me, even if I wasn't getting it for free I'd still pay for the software as the difference in exchange rates is very small indeed compared to the benefits gained from the use of the software. I work faster with their software and time is. money and as such, that difference melts away within an hour or two.
Post by: Visualab on March 03, 2023, 04:05
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
I appreciate you maybe disappointed that you're no longer get more than the official exchange rate (some of us were getting a lot less than the official rate) but rather than call them thieves (which is inaccurate) maybe a thank you for all those years they paid you more than they had too?
adobe isn"t canadian??
by the way thr point is why they convert euro to 1 dollar credit when an 1euro exchange to 1.06$?
Post by: FHphotography on March 03, 2023, 04:14
Post by: Lina on March 03, 2023, 04:25
Not Just AS but I'd rather see the option to buy goods in the local currency of the company. That way I'd receive a charge from the bank for the conversion less a fee. It would make a load of goods cheaper to people in the UK/EU when buying from the US etc. And, to be fair, the other way round as well. I know of a lot of high end gear made in the UK costs a lot more than the exchange rate in the US.
Companies with physical items have the excuse that they charge extra due to logistics, getting the items to your door etc but with non physical goods that can be downloaded over the internet, parity exchange rates whether it's the Euro or £ doesn't stack up as easily. There maybe additional costs involved but I'd imagine they're making extra from some non US citizens with their software.
That said, market value is determined by its users as well. If people weren't happy about it they could go elsewhere and if enough do then it may bring down the price. For me, even if I wasn't getting it for free I'd still pay for the software as the difference in exchange rates is very small indeed compared to the benefits gained from the use of the software. I work faster with their software and time is. money and as such, that difference melts away within an hour or two.
Yep, we finally agree on something. :) Yes, there is not much excuse for higher prices of downloaded goods because costs can't be so much different but often companies raise prices for non-US customers. Although in EU countries is VAT usually added and I don't know if some tax is included in USA prices so it's hard to compare.
Going elsewhere from Adobe's software is sadly not so easy. It is "industry standard" so other clients and designers are using their software, competition softwares are only partially compatible or not at all. So if someone is exchanging lot of files with clients, it is simply not possible to use something else.
Post by: HalfFull on March 03, 2023, 04:26
A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
I appreciate you maybe disappointed that you're no longer get more than the official exchange rate (some of us were getting a lot less than the official rate) but rather than call them thieves (which is inaccurate) maybe a thank you for all those years they paid you more than they had too?
adobe isn"t canadian??
by the way thr point is why they convert euro to 1 dollar credit when an 1euro exchange to 1.06$?
Adobe headquarters are in California.
You're mixing the cost to the customer with the contributor exchange rate which is not possible to do. How many customers that download your images paid in euros compared to the US$, compared to the Yen or the £.
As you'll see above, I think they do score from the exchange rates the customers pay. But, why should that extra money only go to the people of the EU? The extra they're making isn't going to people who are paid in $ and certainly not £ as we we were being short changed for quite a while now... no, that extra was only going to those who were receiving more than the exchange rate. The EU being one of the biggest beneficiaries.
There is no way to fairly split that extra amount to all contributors, impossible to manage and the only fair way to Pay contributors is in $ and then use the exchange rate to make sure everyone gets the correct amount.
The issue around the charges to customers is a separate thing and could be better, the costs should track the exchange rates more.
That said, if you're signing up to a large subs package today based on todays rate, then by the end of the year the rate will be different but they'll still be paying the same amount. AS maybe up, but also could be down a lot. If we follow the wish for payments made by clients to be exact (track the exchange rate), then don't be surprised if the amounts you receive for each download will also jump up and down a lot as the amounts the customers pay changes. No, it would be way to complex. Easier to pick an amount that gives headroom to cover these potential costs. Some years they'll win, others they'll lose but contributors don't see that fluctuation. Same with the software, the cost for non $ purchases has to wether any potential fluctuations.
People seem to see the issue as black and white but it isn't. There's a whole lot of grey in there.
Post by: DiscreetDuck on March 03, 2023, 04:26
Extended license for a same file is proposed for:
63.99 for EU customer
$79.99 for US customer
???
I am surprised. I did not expect this, why this?
AS Exchange rate at about 1.25 ;)
Post by: HalfFull on March 03, 2023, 04:33
Not Just AS but I'd rather see the option to buy goods in the local currency of the company. That way I'd receive a charge from the bank for the conversion less a fee. It would make a load of goods cheaper to people in the UK/EU when buying from the US etc. And, to be fair, the other way round as well. I know of a lot of high end gear made in the UK costs a lot more than the exchange rate in the US.
Companies with physical items have the excuse that they charge extra due to logistics, getting the items to your door etc but with non physical goods that can be downloaded over the internet, parity exchange rates whether it's the Euro or £ doesn't stack up as easily. There maybe additional costs involved but I'd imagine they're making extra from some non US citizens with their software.
That said, market value is determined by its users as well. If people weren't happy about it they could go elsewhere and if enough do then it may bring down the price. For me, even if I wasn't getting it for free I'd still pay for the software as the difference in exchange rates is very small indeed compared to the benefits gained from the use of the software. I work faster with their software and time is. money and as such, that difference melts away within an hour or two.
Yep, we finally agree on something. :) Yes, there is not much excuse for higher prices of downloaded goods because costs can't be so much different but often companies raise prices for non-US customers. Although in EU countries is VAT usually added and I don't know if some tax is included in USA prices so it's hard to compare.
Going elsewhere from Adobe's software is sadly not so easy. It is "industry standard" so other clients and designers are using their software, competition softwares are only partially compatible or not at all. So if someone is exchanging lot of files with clients, it is simply not possible to use something else.
Lol... the world is full of differing opinions, we just need to be able to talk to each other about them without fear of feeling silly because we think differently or fear being cancelled. It's what we used to call debates, hear different points of view and learn from each other. Anyway, it's the differences that make life interesting... it would be dull if we all thought, looked and behaved the same :)
Post by: Wilm on March 03, 2023, 07:41
Here in Germany we pay 39.95 Euros excluding VAT.
Post by: gnirtS on March 03, 2023, 08:37
Didn't you get CC for free?
1 package yes.
I currently still pay for others.
And the same in the future as i missed out on full CC by ~100 downloads.
Post by: Uncle Pete on March 03, 2023, 12:59
Could one of you US Americans please check what a 5 credit pack would cost you?
Here in Germany we pay 39.95 Euros excluding VAT.
$49.95
Post by: Zero Talent on March 03, 2023, 16:22
Did anyone check if the taxes are included in both euro and $ prices?A quick note to confirm the last few questions...
Due to the current conversion to USD, a withdrawal is temporarily not possible.
As of Friday, March 3, the payout will be possible again.
Future payouts will be processed in US Dollars.
Thank you,
Mat Hayward
thieves.
? Bizare comment... a US company pays you in US $ for you to convert into your own currency at the official exchange rate and you call them thieves?
...while the same US company charges its EU customers in a higher price.
It's a bit sad to see how fiercly you are defending Adobe's latest actions, just because you and a very few people from one single country profit from it, when you very well know that in the whole sheme it means Adobe pays out much less of what it gets from customers to its contributors and this is just a sheme to maximaze profit on the backs of contributors.
Usually, EU taxes are included in the listed price, while in the US, taxes are added during checkout.
Moreover has anyone checked how much of the EU price is made of taxes? Not just VAT (usually higher than the US sales tax), but also import taxes or similar?
Obviously, the higher EU taxation cannot be blamed on AS.
And again, I expect that a large majority of contributors complaining about the price for Adobe apps in euros are already getting them for free, so this is a moot point, anyway.
Post by: Wilm on March 03, 2023, 17:27
Could one of you US Americans please check what a 5 credit pack would cost you?
Here in Germany we pay 39.95 Euros excluding VAT.
$49.95
Thank you for the Information, Pete! Does that include VAT?
Post by: Zero Talent on March 03, 2023, 18:45
Could one of you US Americans please check what a 5 credit pack would cost you?
Here in Germany we pay 39.95 Euros excluding VAT.
$49.95
Thank you for the Information, Pete! Does that include VAT?
This price is before tax.
I didn't press buy, but in my case, before going to the final checkout, I see 0% taxes.
(btw, there is no VAT in the US, but a sale tax)
Post by: Noedelhap on March 03, 2023, 19:04
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
I think most contributors use Adobe CC to some extent, actually. Most contributors (like me) do microstock part-time but use Adobe CC for other types of work (video editing, animation, photography, illustration, music/sound design...)
Post by: Zero Talent on March 03, 2023, 19:48
Didn't you get CC for free?
1 package yes.
I currently still pay for others.
And the same in the future as i missed out on full CC by ~100 downloads.
So you still get a discount that's more than the euro/dollar price difference, even when we take taxation in consideration. ;)
You have no reason to complain about thier app prices.
In fact, Adobe is doing you a favor! ;D
Post by: HalfFull on March 04, 2023, 01:04
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
I think most contributors use Adobe CC to some extent, actually. Most contributors (like me) do microstock part-time but use Adobe CC for other types of work (video editing, animation, photography, illustration, music/sound design...)
And most pass the low minimum of 250 dls per year to receive free software. Thats why I said that people paying for the software are unlikely to be contributors.
Post by: Lina on March 04, 2023, 02:16
Amazing.... as if we would complain if we were not paying for software.The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
I think most contributors use Adobe CC to some extent, actually. Most contributors (like me) do microstock part-time but use Adobe CC for other types of work (video editing, animation, photography, illustration, music/sound design...)
And most pass the low minimum of 250 dls per year to receive free software. Thats why I said that people paying for the software are unlikely to be contributors.
Post by: Noedelhap on March 05, 2023, 06:18
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
I think most contributors use Adobe CC to some extent, actually. Most contributors (like me) do microstock part-time but use Adobe CC for other types of work (video editing, animation, photography, illustration, music/sound design...)
And most pass the low minimum of 250 dls per year to receive free software. Thats why I said that people paying for the software are unlikely to be contributors.
But the free software @ 250 dls consists of only Photoshop and Lightroom, video editors and illustrators need more apps which have to be paid for if they don't meet the requirements for the free All Apps plan.
Post by: Uncle Pete on March 06, 2023, 12:56
Could one of you US Americans please check what a 5 credit pack would cost you?
Here in Germany we pay 39.95 Euros excluding VAT.
$49.95
Thank you for the Information, Pete! Does that include VAT?
There's no VAT in the US. (yes I see the answer) We have individual states charging taxes. I'm in Wisconsin it's 5% but there are local county taxes in some counties. If I sell something to someone, I'll use CA for an example, using eBay, the state of WI collects the 5% tax.
The San Jose sales tax rate is 9.375%
Post by: Uncle Pete on March 06, 2023, 13:03
The people paying for the software are unlikely to be contributors... and if they are, most likely using some other software that is cheaper as they're not making as much money from it.
I think most contributors use Adobe CC to some extent, actually. Most contributors (like me) do microstock part-time but use Adobe CC for other types of work (video editing, animation, photography, illustration, music/sound design...)
And most pass the low minimum of 250 dls per year to receive free software. Thats why I said that people paying for the software are unlikely to be contributors.
I own stand along versions of Adobe software. I just took the free CC because I felt that allowing it to expire without doing anything, was a waste? Maybe I'll use Photoshop or Lightroom or whatever all the others are that are included, some day?
The Creative Cloud Photography plan includes the following apps:
Adobe Photoshop, and Photoshop on iPad
Adobe Photoshop Lightroom on desktop, mobile, and the web
Adobe Photoshop Lightroom Classic
Adobe Portfolio
Adobe Bridge
20 GB cloud storage
Oh I did use Bridge for adding metadata to EPS files. But it's free and I'd already have it anyway.
How and why do people find something wrong, with being given free software to use, while they would already be working stock without it? It's FREE!
Post by: OM on March 06, 2023, 16:42
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...
Absolutely, Wilm. When I first read the announcement I thought, as you did, that I could continue in GBP as long as I indicated that before 28th February. When I re-read it I realised that what was meant was, "Your last and final payment in your current currency (GBP in my case) must be requested before 28th February. After that date payment will always be in USD." So, as you correctly said, it would have been clearer had they used 'last' payout.
As the conversion rate to USD from GBP at the time was marginally favourable, I left my GBP balance on 28th Feb to be converted into USD. I have to convert both (Paypal) USD and GBP to Euro anyway as I live in NL. Since my last expensive experience with buying an Elinchrom battery in UK (sold out in NL), I know that I shall never buy anything costing more than a couple of pounds from the UK again. I paid £300 incl VAT on the item + £10 postage...seemed reasonable at the time but then UPS also sends a bill for handling and import duties with BTW which add more than a third of the original price! Not doing that again...forgotten about Brexit!
Post by: mike123 on March 08, 2023, 12:02
Post by: Visualab on March 08, 2023, 14:37
So thanks to Adobe :-\ I'm now looking into using Wise to cut down on the USD -> Euro Paypal conversion fees. But from what I understood, if you are located in Europe you need to have a business Wise account to be able to withdraw from Paypal in USD, so you can take advantage of the free PayPal->Wise transfer in USD and a "cheap" conversion from USD to Euro within Wise. And you have to pay 50 Euro to open that business account. Is anyone here who already done that? Is it worth the 50 Euro? Or is it better to use Payoneer with their 2% conversion fee?i tried wise end even revolut...the problem is that paypal won't let you withdraw usd (i'm italian resident)....i talked to the customer service and they say i can't withdraw usd because italian regulation doesn't allow to withdraw usd from an online service...but if you use xoom which is owned by paypal you are able to withdraw usd if you have an usd debit card or usd bank account..by the way,i don't know if this rule applies to all the countries in europe so you can try to link a revolut standard card to your paypal and try to withdraw from paypal to the card and then exchange in euro inside revolut....paypal is doing its best to block this kind of transfers because this is the only source of income for them the customer service said... it would be nice if agencies allow us to use wise or revolut but i'm afraid they are in business with paypal and payoneer....let me know if have success with revolut...the virtual card i linked is free,no need to have a plastic card
Post by: mike123 on March 08, 2023, 15:57
Thanks a lot for the help! I'm located in Germany, so who knows, maybe the laws are different here. I don't really want to pay 50 Euro for a Wise business account just to find out whether I'll be able to transfer USD for free from Paypal to Wise :-\. I'm going to try to withdraw to Revolut and let you know if it works.So thanks to Adobe :-\ I'm now looking into using Wise to cut down on the USD -> Euro Paypal conversion fees. But from what I understood, if you are located in Europe you need to have a business Wise account to be able to withdraw from Paypal in USD, so you can take advantage of the free PayPal->Wise transfer in USD and a "cheap" conversion from USD to Euro within Wise. And you have to pay 50 Euro to open that business account. Is anyone here who already done that? Is it worth the 50 Euro? Or is it better to use Payoneer with their 2% conversion fee?i tried wise end even revolut...the problem is that paypal won't let you withdraw usd (i'm italian resident)....i talked to the customer service and they say i can't withdraw usd because italian regulation doesn't allow to withdraw usd from an online service...but if you use xoom which is owned by paypal you are able to withdraw usd if you have an usd debit card or usd bank account..by the way,i don't know if this rule applies to all the countries in europe so you can try to link a revolut standard card to your paypal and try to withdraw from paypal to the card and then exchange in euro inside revolut....paypal is doing its best to block this kind of transfers because this is the only source of income for them the customer service said... it would be nice if agencies allow us to use wise or revolut but i'm afraid they are in business with paypal and payoneer....let me know if have success with revolut...the virtual card i linked is free,no need to have a plastic card
Post by: Stephan on March 09, 2023, 07:29
Post by: thx9000 on March 09, 2023, 08:17
As you can see there are layers in the way we get f'd by this move
Post by: Sebastian Radu on March 10, 2023, 04:04
I'm not a very good photographer but over time I've improved the quality of my photos. Not to mention all the money I've invested in equipment. But I did it primarily for pleasure, money always came second.
But honestly, in the last few years it actually made me give up the hobby. I'm sick of all the lies and the ways of these "big famous companies" to keep diminishing our income.
It's like the world has gone crazy, really. I hear there are companies like BMW that sell you the car and then charge you a subscription if you want seat heating. A few weeks ago I couldn't scan a document at home with the HP multifunctional I have until I signed up for an account with them... I also read a news that Microsoft wants to make Windows 12 available on the Cloud and you have to pay a subscription if you want to have their operating system... Really???
I come from a former communist country and we all thought the West was much fairer than what was on the other side of the iron curtain. As time goes by this difference is diminishing. No wonder more and more extremist parties are popping up.
Just my opinion..
Good luck to all!
:-\ :-\ :-\
Post by: Mimi the Cat on March 10, 2023, 06:31
Post by: Noedelhap on March 10, 2023, 09:26
I come from a former communist country and we all thought the West was much fairer than what was on the other side of the iron curtain. As time goes by this difference is diminishing. No wonder more and more extremist parties are popping up.
Just my opinion..
Good luck to all!
:-\ :-\ :-\
Capitalism is just another side of the same coin. Whatever the system in place, the little man is always at the mercy of the big guys. Whether it's corporations or the communist elite.
Post by: Uncle Pete on March 10, 2023, 13:54
Didn't pay me less ;D
Me neither?
Reminder with back to the other side of the coin, and not all that serious, now they are going to be paying me the same, instead of less than other people? ???
Post by: Noedelhap on March 22, 2023, 19:46
A more than 10% decrease in revenue. Thanks Adobe.
Post by: Zero Talent on March 22, 2023, 19:55
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Post by: Noedelhap on March 23, 2023, 04:49
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
Post by: Fyletto on March 23, 2023, 08:07
Post by: Zero Talent on March 23, 2023, 08:34
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
It is not different. Since the very begining, I was asking for the correct dollar exchange rate for the sales made in the eurozone. Fotolia and then Adobe didn't listen.
We had a major disadvantage when 1 credit was exchanged for 1 dollar, instead of 1 euro (a "big middle finger" to contributors outside the eurozone).
This is why I'm (sarcastically) saying again: "Welcome to the club"!
Post by: trabuco on March 26, 2023, 04:55
when USD was stronger than EUR.
LOL
Post by: Stock4Me on March 26, 2023, 06:26
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.
Post by: Uncle Pete on March 26, 2023, 11:09
when USD was stronger than EUR.
LOL
Made me look. I didn't know the $ ever was higher. But I found September through November 2022 the dollar was higher that the some days. And the Pound is down to $1.20 I remember buying gasoline in the late 90s for about 5 pounds per Liter! Exchange rate was $1.60 per £ Today it takes $1.08 to make a single
We should be happy to not be paid in AUS dollars from Canva? :) $1.50 = $1 US
Post by: Noedelhap on March 27, 2023, 07:27
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.
How is being paid in your own currency considered 'a bonus'? Everyone who wanted to could sign up for a -account, it wasn't a special privilege or anything.
Adobe simply wanted to increase their profits (or reduce costs) at the expense of -contributors.
How can anyone defend corporate greed? Unless you're just grumpy about having signed up for the wrong account back then and you finally can say: "if I can't have , no one can!"
Post by: Uncle Pete on March 29, 2023, 10:43
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.
How is being paid in your own currency considered 'a bonus'? Everyone who wanted to could sign up for a -account, it wasn't a special privilege or anything.
Adobe simply wanted to increase their profits (or reduce costs) at the expense of -contributors.
How can anyone defend corporate greed? Unless you're just grumpy about having signed up for the wrong account back then and you finally can say: "if I can't have , no one can!"
No, not true, people in the US could not sign up for Pounds or Euro accounts.
After that I think the point is, we were paid in local currency and that has changed. Now everyone is paid in dollars US. Same as iStock, same as Shutterstock and same as every agency I know of. (oh except the place in Spain that takes 15% if you don't pay for a annual piece of tax paper?)
This has nothing to do with defending corporate greed. More is about accepting the way things are run and standard world market business practices.
Post by: pancaketom on March 29, 2023, 11:07
It sucks that you now have to pay excessive currency exchange fees, but it is perfectly reasonable that everyone gets paid the same for each type of sale - or at least has access to getting paid the same if they make enough sales.
Post by: Noedelhap on March 29, 2023, 16:15
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.
How is being paid in your own currency considered 'a bonus'? Everyone who wanted to could sign up for a -account, it wasn't a special privilege or anything.
Adobe simply wanted to increase their profits (or reduce costs) at the expense of -contributors.
How can anyone defend corporate greed? Unless you're just grumpy about having signed up for the wrong account back then and you finally can say: "if I can't have , no one can!"
No, not true, people in the US could not sign up for Pounds or Euro accounts.
Not even with a VPN?
But if you're located in the US, USD is your local currency so there are no conversion fees. If you're located in the EU, you could accidentally sign up for a USD account and pay the awful Paypal fees.
Post by: Zero Talent on March 29, 2023, 19:04
On the other hand, you had very good ride when when you were overpaid for your US sales. All that artificial bonus you got throughout the years must compensate at least a part of your new conversion fees.
Be fair and admit it.
Anyway, PayPal fees, bank fees, local taxes are not Adobe's concern.
Now everybody is paid the same. That's what matters.
Post by: alan b traehern on March 30, 2023, 06:15
Cashed out some revenue: what should have been 140, was now $140, which converted to EUR and Paypal fees included, resulted in 125 to my bank account.
A more than 10% decrease in revenue. Thanks Adobe.
Welcome to the club many of us outside the eurozone were part of since the very beginning.
Still, that's different; most other agencies outside Europe never had a payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had -accounts from the beginning, so you sign up for that and expect payments for life.
Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.
These companies were not created to support you or other artists. They are not a service, this was an exception, not a standard. You had a benefit, you got paid more than the rest of us. Fotolia is gone, your bonus has ended. Welcome to the present. Get over yourself.
Post by: thx9000 on March 31, 2023, 03:15
Post by: Noedelhap on April 02, 2023, 04:38
The real problem was that FT and AS were screwing US contributors by selling in euros in Europe and paying us in dollars.
On the other hand, you had very good ride when when you were overpaid for your US sales. All that artificial bonus you got throughout the years must compensate at least a part of your new conversion fees.
Be fair and admit it.
Anyway, PayPal fees, bank fees, local taxes are not Adobe's concern.
Now everybody is paid the same. That's what matters.
Fair enough.
Everybody gets paid the same, yet now Adobe pockets the surplus from -sales. So instead of fighting amongst ourselves over the amount of crumbs we receive, we should stand together and acknowledge that Adobe simply increased their bottom line at the expense of contributors.
If it's fairness we're talking about, their credit system (1 credit = 1 USD = 1 EUR) should reflect actual market rates.
Post by: Josephine on April 02, 2023, 06:21
Post by: Zero Talent on April 02, 2023, 09:22
The real problem was that FT and AS were screwing US contributors by selling in euros in Europe and paying us in dollars.
On the other hand, you had very good ride when when you were overpaid for your US sales. All that artificial bonus you got throughout the years must compensate at least a part of your new conversion fees.
Be fair and admit it.
Anyway, PayPal fees, bank fees, local taxes are not Adobe's concern.
Now everybody is paid the same. That's what matters.
Fair enough.
Everybody gets paid the same, yet now Adobe pockets the surplus from -sales. So instead of fighting amongst ourselves over the amount of crumbs we receive, we should stand together and acknowledge that Adobe simply increased their bottom line at the expense of contributors.
If it's fairness we're talking about, their credit system (1 credit = 1 USD = 1 EUR) should reflect actual market rates.
Agree.
However I am not sure if the price gap between the same product sold in euros and dollars is the same as it was when the 1 = 1$ credit system was used.
Based on what I understand from this thread, the same package costs 39.95 vs $49.95.
For the extended licenses the prices are 63.99 vs $79.99.
Both are ~15% more expensive in dollars at the current exchange rate...
Isn't AS doing us all a favor now by paying in dollars, when the same product was sold for less in euros?
Post by: Her Ugliness on April 06, 2023, 04:09
Post by: DiscreetDuck on April 06, 2023, 06:25
Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Post by: Her Ugliness on April 06, 2023, 06:38
Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
Post by: Visualab on April 06, 2023, 15:18
Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
Post by: Zero Talent on April 06, 2023, 15:54
No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
Post by: Visualab on April 07, 2023, 04:08
most of us have only 1 app for free...for the missing apps there are other solutions...No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
Post by: Zero Talent on April 07, 2023, 15:51
most of us have only 1 app for free...for the missing apps there are other solutions...No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
I guess you have 2: LR and PS, right?
Post by: DiscreetDuck on April 07, 2023, 16:44
quote... quote... quote... quote...most of us have only 1 app for free...for the missing apps there are other solutions...No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
I guess you have 2: LR and PS, right?
nothing more, I only wanted to quote...
Does somebody want to quote after ? ;D ;D ;D
Post by: Visualab on April 07, 2023, 18:01
no,i do only video,so i got AE...but you miss the point...i could afford all the apps with no problem but if they want to maximaze their profit on my shoulder i'll do the same...this is business...most of us have only 1 app for free...for the missing apps there are other solutions...No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
I guess you have 2: LR and PS, right?
Post by: Lina on April 07, 2023, 22:55
quote... quote... quote... quote...most of us have only 1 app for free...for the missing apps there are other solutions...No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
I guess you have 2: LR and PS, right?
nothing more, I only wanted to quote...
Does somebody want to quote after ? ;D ;D ;D
It wouldn't help.Post by: Zero Talent on April 07, 2023, 23:17
no,i do only video,so i got AE...but you miss the point...i could afford all the apps with no problem but if they want to maximaze their profit on my shoulder i'll do the same...this is business...most of us have only 1 app for free...for the missing apps there are other solutions...No need since Adobe is giving their products for free to worthy contributors ;)Got my first payment since the currency chnage. Lost 11,58% of my income. Thanks for nothing, Adobe.They need extra money to feed the deep AI mouth... and build our (no?) future...
Nha, they need extra money to make some CEOs, managers and shareholders even richer. Maximizing profit is really all companies care about. That's what capitalism is about. And that's not even what I am holding against them. After all I am looking to maximize my profit as well (with the only difference that I am not already a millionaire) Just wish they'd find other ways to do this than by taking it away from the very people their business was build on.
the only thing we can do to save some money is not to buy adobe product....
I guess you have 2: LR and PS, right?
Ahh, ok. Nevertheless, I'm sure that "most of us" are getting LR and PS for free, while some of us are getting all apps for free.
In my opinion, if you really want to maximize your profits in relation to Adobe, you could switch to Davinci Resolve, and maybe get LR and PS for free, instead of AE.
Post by: flywing on April 07, 2023, 23:43
I can't help thinking that the change in currency is in exchange for giving apps away, after a long negotiation between teams.
Post by: Noedelhap on April 08, 2023, 04:57
The blue bar came very late this time.
I can't help thinking that the change in currency is in exchange for giving apps away, after a long negotiation between teams.
I don't think that's related. The 'free' apps are being paid for by the sales (or boost thereof) of qualifying contributors and the incentive to keep uploading to reach the targets.