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Author Topic: Currency change for Adobe Stock account ( to US Dollars )  (Read 21206 times)

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« on: February 21, 2023, 17:40 »
+5
.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..

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


« Reply #1 on: February 21, 2023, 17:43 »
+2
Yes, for me getting paid in Euros was better.

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

« Reply #2 on: February 21, 2023, 17:54 »
+17
.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..

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

« Reply #3 on: February 21, 2023, 18:07 »
+2
Very bad news indeed  :(

« Reply #4 on: February 21, 2023, 18:08 »
+7
.."March 3rd, 2023 we will consolidate the different currencies in which royalties are paid and switch to US Dollars."..

Bad for me ,previously received euros, about -5% cut. Well great, not.
I think you can easily add some conversion fees into that, so it's more like a 10% cut..
Really bad - Adobe is the last agency that keeps microstock game alive for me and if it also starts to decline, there will be no more sense to keep microstock going  :-\
Yes, it's incredibly hard to stay motivated with all that exciting news...
I'm wondering why we don't have same treatment when we are buying Adobe's software - 1 $ = 1 ? Ah, never mind, I'm just tired of microstock all together.

« Reply #5 on: February 21, 2023, 18:12 »
+2
For the time being Ill be better off UK pound! But, exchange rates go up and down so no guarantees.

« Reply #6 on: February 21, 2023, 21:42 »
0
...
« Last Edit: February 21, 2023, 21:55 by Zero Talent »

« Reply #7 on: February 22, 2023, 01:56 »
+1
Exciting news again.

Big s.

« Reply #8 on: February 22, 2023, 02:22 »
+5
 :(

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.
« Last Edit: February 22, 2023, 02:44 by Her Ugliness »

« Reply #9 on: February 22, 2023, 03:04 »
+1
Yet another pay cut. USD/EUR value aside, there's 1% paypal transfer fee for usd while you can transfer euro for free. It would be funny though if the dollar peaks again like it did the end of last year

« Reply #10 on: February 22, 2023, 03:16 »
0
Dont use PayPal, you lose 3% from their poor exchange rate. Use Payoneer. I started using them a while back for SS and fee/exchange rate is approx 1-1.5% reduction. This problem is something that the UK has had for quite a while now. Weve been receiving 0.75 per $ for some time instead of 0.8 - 0.9.

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

« Reply #11 on: February 22, 2023, 03:19 »
+3
At the moment, this means a loss of a good 6%. A few days ago it would have been 10%.

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

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

« Reply #12 on: February 22, 2023, 03:23 »
+8

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.

« Reply #13 on: February 22, 2023, 03:36 »
+2

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.

« Reply #14 on: February 22, 2023, 03:37 »
+4
Hey Adobe, I guess we can now pay our Creative Collection license fees in US$ too, correct?

« Reply #15 on: February 22, 2023, 03:43 »
+1
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...

« Reply #16 on: February 22, 2023, 03:46 »
+4
It's 2023 and they are still forcing us to go through payment processors while there's Revolut and Wise  >:(. Same goes for Shutterstock

« Reply #17 on: February 22, 2023, 03:59 »
+1
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.

« Reply #18 on: February 22, 2023, 04:15 »
+4
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.

« Reply #19 on: February 22, 2023, 05:01 »
0
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.

« Reply #20 on: February 22, 2023, 05:07 »
+6
What a so nice news again !
So definitely in microstock there is only one way evolution : cut, cut and cut, we never had a raise in 15 years, never a good news, only deception after deception.

« Reply #21 on: February 22, 2023, 05:13 »
0
For suppliers who have neither $ nor , this change is beneficial. Now for 1C I will receive $ value and today it is over PLN 4.4. Throughout the last year I had PLN 4, where $ 1 or 1 cost almost PLN 5.
In my opinion, this change should have happened a long time ago.

« Reply #22 on: February 22, 2023, 05:45 »
0
The only agency that works fine to me today. They should keep the USD just for the USA.

« Reply #23 on: February 22, 2023, 06:38 »
+1
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.

« Reply #24 on: February 22, 2023, 07:07 »
0
Yea bad news for me, I'm going from euros to dollars.


 

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