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Author Topic: Increase in Credit Value at Fotolia?  (Read 56720 times)

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« on: January 31, 2010, 18:06 »
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As a UK contributor the value of a commission 'credit' appears to have just (literally a few seconds ago) jumped from 75p to 1. That's a 33.3% increase and follows a rise, only a few months ago, from 60p to 75p.

This month Fotolia is alone, amongst the agencies I contribute to, in producing significant gain over Jan 2009 __ over a 50% increase compared to last year. This apparent rise in credit value could take them from contributing about 22% of my stock income to nearly 29%. A year ago they were just 16%. That's impressive growth in any language.

Food for thought on the big decision whether to go exclusive with IS.
« Last Edit: January 31, 2010, 18:17 by gostwyck »


« Reply #1 on: January 31, 2010, 18:27 »
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Seems so,
1 Credit =   $ 1.20.
No idea why I'm in the dollar currency, should be in Euro but heck knows.

Also last I recall a pound was more like 1.60$, why the price difference?

« Reply #2 on: February 01, 2010, 01:54 »
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1 Credit = 1.20 Euro

« Reply #3 on: February 01, 2010, 03:49 »
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I just cashed out for the month and my conversion rate was 1 credit = 0.75  :(

« Reply #4 on: February 01, 2010, 05:39 »
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There is no more credit value information???

Yesterday was 1credit =1,20 $ but today there is nothing.... ???

« Reply #5 on: February 01, 2010, 05:43 »
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It was there late last night (British time) but has now gone and it did say 1 not 0.75 ?
I have asked support to let us know whats going on those of you who can keep having a look in the forum those who cant will try and keep you informed here !!


Warren

OM

« Reply #6 on: February 01, 2010, 05:44 »
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Cashed out yesterday too............I think for GBP0.75/credit. One small sale today and the credit is indeed now increased GBP 1.00/credit. Ooh, that's nice.

« Reply #7 on: February 01, 2010, 06:00 »
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« Reply #8 on: February 01, 2010, 06:06 »
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Same on US...
http://us.fotolia.com/Info/Credits
New value 1,20 $

That mean 20 % more of earnings for us, also there is a raise in credits price from this year...

That is big raise for us,not bad!

Here is "new year" earnings changing for Bronze level:
XS: -13% $0.32 --> $0.28
S: +31% $0.64 --> $0.84
M: +9% $1.28 --> $1.40
L: +23% $1.60 --> $1.96
XL: +17% $1.92 --> $2.24
XXL: +25% $2.24 --> $2.80


Now + 20 % more  ;) ;)
« Last Edit: February 01, 2010, 06:29 by borg »

« Reply #9 on: February 01, 2010, 06:27 »
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That`s right, it was there, but it is gone now.

« Reply #10 on: February 01, 2010, 06:32 »
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I think, they removed that because of buyers...

It's ugly to see bad change for them...

Not bad, not bad!!! ;D

« Reply #11 on: February 01, 2010, 06:36 »
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Fotolia paying me more? I doubt.
I think they will rather find a new way to take more from us, like refund on 100% of commission on which 30% of tax was withhold.

« Reply #12 on: February 01, 2010, 10:43 »
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Fotolia  putted  on their site that credit worth 1,2 or 20 % more, so if you make payout of 50 credits that mean you have to get 75 $ or or GBP etc.

But we need official news from them....

« Reply #13 on: February 01, 2010, 11:11 »
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Just in case it helps: A fotolia employee on the German forum confirmed that the credit value will stay the same for contributors and will vary for buyers from $ 0,75 to $ 1,20 (or Euros, GBP respectively) according to how many credits are purchased.

« Reply #14 on: February 01, 2010, 11:23 »
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Just in case it helps: A fotolia employee on the German forum confirmed that the credit value will stay the same for contributors and will vary for buyers from $ 0,75 to $ 1,20 (or Euros, GBP respectively) according to how many credits are purchased.
I assume we will get more per sale or are they just going to keep the extra?

« Reply #15 on: February 01, 2010, 11:25 »
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Of course they'll keep the little extra!  ;)
Our credit value just says the same - 1 credit = 1 whatever currency.

« Reply #16 on: February 01, 2010, 11:28 »
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I am a little confused ... is this a raise across the cannister levels? Or is it a raise to the credit level? Or both ... If someone could clarify that would be great.

Thanks.


-Mark
http://markwpayne.wordpress.com
 

« Reply #17 on: February 01, 2010, 11:30 »
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It's only the credit value that is changing, and as I said: only for buyers. You as a contributor still get $1 for every credit you earn. That has nothing to do with the cannister levels.
On the other hand: You might wake up tomorrow to find that you'll need 1500 DLs to become bronze. You never know with them.

« Reply #18 on: February 01, 2010, 11:48 »
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Just in case it helps: A fotolia employee on the German forum confirmed that the credit value will stay the same for contributors and will vary for buyers from $ 0,75 to $ 1,20 (or Euros, GBP respectively) according to how many credits are purchased.

This doesn't make any sense to me. As contributors we are supposed to be paid a fixed % commission on the value of our sales (at Gold level it is 34% for non-exclusive sales for example).

If they are increasing the cost of credits to customers, and thereby the prices that the licenses are sold at, then our commission should increase accordingly. They can't value a credit at one price to the customer but pay us as if it were a lower value.

It is really important that we get to the bottom of this, find out what is going on and how we are affected.

« Reply #19 on: February 01, 2010, 11:50 »
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Well it isn't actually a rise in price if you sell credits for various prices. The way they've thought this up, the average credit price is still $1, ranging from 0,75 to 1,20.

You're absolutly right - yet again a change has taken place, and we are waiting to be informed.  :-\

« Reply #20 on: February 01, 2010, 12:00 »
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My last DL was a 5 credit sale which correctly has registered at 1.7 credits commission for me. Obviously I don't know where the sale occurred or what currency was used to buy the credits.

If the license was bought by a UK customer then they would have paid to 5 for it and my 34% commission on that should be 1.70.

However, if my earned credits still only have a value of 75p (as they did before today's increase to the customer) then I will only receive 1.275. That's a royalty of only 25.5% __ and I'm supposed to receive 34%.

donding

  • Think before you speak
« Reply #21 on: February 01, 2010, 12:09 »
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I just looked and it said Currancy = dollar...what's that supose to mean? It doesn't say how much the credits are in relation to the dollar. That just doesn't make sense. You think they screwed up and now they are trying to fix it?

« Reply #22 on: February 01, 2010, 12:15 »
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You think they screwed up and now they are trying to fix it?


I sincerely hope so. On my 'Contributors' page it is still showing "1 Credit = 0.75" which suggests that they've just imposed a 33.3% increase in prices for UK customers and are not intending to pass any of that on to us.

donding

  • Think before you speak
« Reply #23 on: February 01, 2010, 12:37 »
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You think they screwed up and now they are trying to fix it?


I sincerely hope so. On my 'Contributors' page it is still showing "1 Credit = 0.75" which suggests that they've just imposed a 33.3% increase in prices for UK customers and are not intending to pass any of that on to us.
Mine doesn't even show what the credits are worth. Mine just say's Currancy = dollar...the 1 credit = ?? isn't even showing up. Wonder why your's show what your credits are worth?

OM

« Reply #24 on: February 01, 2010, 13:02 »
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Why do I get the impression that at FT the contributor is the enemy. If you look at one of the later posts on their forum by FT UK office, it basically says that they do whatever they want and contributors can like it or lump it.

They also insisted that everyone must submit an ITIN for US tax authorities just a few weeks ago. :'(


 

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