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Fotolia changes Credit price in Europe

Started by dirkr, December 01, 2008, 15:35

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dirkr

... to 1 € per credit (was 0,83 € before).
That is an increase of roughly 20%.
It was about time that there are some good news from FT after the recent changes (subs, ranking...).

Thanks for that nice christmas present  ;D

Don't know about any changes for other currencies though...

leaf

it looks like it is still $1.00/credit.

So it looks like those who managed to register on the european site are getting 1.26357 X more than those on the american site.

MicrostockExp

Only 5 % more in UK :( one credit is  £ 0.6 now

gunnar3000

hey, I noticed the same. 1 € per credit in germany. I love such news  ;D


CofkoCof


AVAVA

 I think it is probably easier for them to track and pay this way but I think everyone should be paid the same no matter where they live. I might not feel that way if I lived in Europe. ;)

AVAVA

khwi


leaf

there is a thread about switching  to the european site here.... apparently it is not possible
http://www.microstockgroup.com/index.php?topic=5612.0

fotorob

@Idambies:

What was a credit worth before in the UK?

Thanks, Robert
My Blog "Alltag eines Fotoproduzenten": https://www.alltageinesfotoproduzenten.de


andresr

Ridiculous:

European photographers: 0.83 to 1 current xchange rate= 0.78 (didn't even reach fotolias previsous xchange rate)
Uk photographers: 0.57 to 0.60 - current xchange rate 0.67 (despite the "increase" we are still losing money on the xchange rate)
SO to summarize, Europe went up 20% and we went up 4% ....... when the pound has fallen a lot faster than the Euro against the dollar.

Not happy about this at all

peolsen

Ach. This is just pants. Really, how difficult can it be to keep the credits on a fairly similar level? The difference between £ and € for me is approx 33 cents, which adds up quite quickly...

madelaide

Quote from: andresr on December 02, 2008, 11:11
Ridiculous:

Andres,

I noticed you toned down in your complaint about this in FT forum.  Were your maths wrong or did you see something that you had missed before?

Regards,
Adelaide

msv


Konstantin Sutyagin

I am surprised that so few people are interested in this topic.  The way the payments are handled now is really unfair!

I live in US but most of my Fotolia sales come from European customers. They pay Fotolia Euros for credits.
1 Euro = 1.3 U.S. dollars.
I get 37% as a silver level contributor.
Why do I and many other silver contributors get 37c from European sales if Fotolia gets $1.30 for one credit?

I think everyone should be paid a fair percent of earnings regardless of the currency.

Here is the link to the thread at Fotolia: http://www.fotolia.com/forum/viewtopic.php?id=14917&p=1

takestock

#16
Quote from: CofkoCof on December 01, 2008, 23:01
Quote from: madelaide on December 01, 2008, 22:54
And I'm stuck to the USA site.   :'(
Yeah, me too.
Me as well :-\ I don't see why contributors can't be in their own zones or why we can't change.

borg

Is there a way to migrate to the EU Fotolia!?

At first I didn't know that we can choose :(...

Dreamframer

#18
I am stuck into US zone as well...
Join: SS FT DT 123RF

Konstantin Sutyagin

Migrating to another zone doesn't solve the problem. All submitters must be paid a fair percentage of what their pictures were sold for. If a picture was sold for 1 Euro pay us 37% (or whatever the submitters percent is) of that amount, not 37 USA cents.

Perrush

wait a minute.  I'm at the UK site and I get £0.60 / credit which is $0.88 or €0.69

Do you mean others get $1 or €1 per credit ?
Mijn website : www.perrush.be & My article on how to Sell Photos Online
-- Shutterstock & Dreamstime

Konstantin Sutyagin

Quote from: Perrush on December 05, 2008, 22:20
wait a minute.  I'm at the UK site and I get £0.60 / credit which is $0.88 or €0.69

Do you mean others get $1 or €1 per credit ?

Yes, being in US I get $1 per credit.

LostOne

It's funny to see Andres Rodrigues apologizing in that topic. Why would he do that?  8)

madelaide

Konstantin,

I think we should get the percentage over whatever currency the image is sold.  Unfortunately it has always been like this, it only seems worse now - it seems they decided to use round figures.

I believe FT considers that on average, they pay the same to contributors, the problem being that the average between 80 and 120 is 100.  Let's say, contributor A is in USA, contributor B is in Europe, both receing 35%; each sell 100 credits, distributed among USA and Europe buyers.  Statistically, it is likely that both A and B sell to both US$ and € zones - 50 credits in each currency, let's say.  So FT received US$50+€50 for those 100 credits, either for A's or B's sales, US$100+€100 total, and they have to pay 35% of it, or US$35+€35.  A receives US$35 and B receives €35 - FT didn't get anything extra, only the distribution of earnings is not equal between A and B, even though they earned FT the same.  

The math above implies that roughly the credits sold in each currency is more or less proportional to the sales per member's country of origin.  That is, if FT sells 50% in euros, 10% in pounds and 40% in dollars, they also pay 50% of commissions to euro sites members, 10% to UK site members and 40% to USA site members.  If this is true however, we can not know.  

Regards,
Adelaide

OM

Quote from: msv on December 04, 2008, 22:00
Argh! I'm stuck too to the US site :(

I'm stuck on the UK site which is worse since the dollar went up dramatically against the GBpound.
Worse still, I live in the Euro currency area and I have to convert my (hard-earned) pennies into Euros.
The way it works is that buyers always pay in their local currency units and the contributor gets paid in the units of currency according to the site on which they are registered. So, if I were on FTeu and a UK buyer buys my image, they pay in GBP (60 pence X no. of credits) but FT would have to pay me in Euro. If my image is exclusive, I get 50 euro cents X no. of credits which is around 43 pence. That doesn't leave much profit for FT. If it's the other way around and the buyer is in Euroland, FT gets 1 euro X no. of credits and I get 30 pence or 35 euro cents X no.of credits. FT makes 65 euro cents which is a lot better for them but worse for me.

Keep all contributors on FTuk or FTcom and sell as much as you can in Euroland, is the way to maximise profits. Contributors who signed up on Fr or De and get paid in Euro's are lucky!