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Author Topic: So how much exactly is worth 1 credit?  (Read 14511 times)

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« on: December 30, 2010, 13:28 »
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I'm a bit confused. I'm trying to figure out how much do I got from fotolia and found in one place that 1 credit is worth 0.75 (http://en.fotolia.com/Info/Contributors#item_8) and in faq that "from" 0.63 (http://en.fotolia.com/Info/Credits).

So how much is 1 credit worth for a photographer?


lisafx

« Reply #1 on: December 30, 2010, 13:58 »
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For contributors' royalty payments, 1 credit at Fotolia equals $1.  For buyers the price varies depending on the currency and package size. 

Here's a blog post that explains it in detail:
http://blog.microstockgroup.com/fotolia-credits-and-commissions-whats-all-the-fuss-about/

« Reply #2 on: December 30, 2010, 14:41 »
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Thanks for linking that Lisa.  I was just going to go and dig that up myself but you beat me to it :)

« Reply #3 on: December 30, 2010, 14:42 »
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For contributors' royalty payments, 1 credit at Fotolia equals $1.  For buyers the price varies depending on the currency and package size. 

Here's a blog post that explains it in detail:
http://blog.microstockgroup.com/fotolia-credits-and-commissions-whats-all-the-fuss-about/

Yes, but only for contributors on US Fotolia...

For EU FT contributors 1credit=1

« Reply #4 on: December 30, 2010, 15:47 »
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For contributors' royalty payments, 1 credit at Fotolia equals $1.  For buyers the price varies depending on the currency and package size. 

Here's a blog post that explains it in detail:
http://blog.microstockgroup.com/fotolia-credits-and-commissions-whats-all-the-fuss-about/

Yes, but only for contributors on US Fotolia...

For EU FT contributors 1credit=1


Yeah, that post covers the euro paid photographers as well.

The US$ White ranked photographers are getting paid 16-33% commissions depending on the package size purchased by the byer
The Euro white ranked photographers are getting paid 22-46% commissions.

It is definitely better to be paid in Euro.

« Reply #5 on: December 30, 2010, 17:01 »
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I still think it's a great injustice ... >:( :'(

« Reply #6 on: December 30, 2010, 17:18 »
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I'm glad to be in Europe. :D Still it's kind of weird. I wonder how do they pay in Istambul. :D

Thanks so much, and thanks for the link! :)

CCK

« Reply #7 on: December 30, 2010, 22:41 »
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I'm in Africa. Any way to change my dollar payments to euro?

« Reply #8 on: December 31, 2010, 06:25 »
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I'm in Africa. Any way to change my dollar payments to euro?


They apparently won't let you.  It costs them about 34% more to have euro submitters, so there isn't much motivation for them to switch you to being a Euro paid photographer.  I am in Europe as well but get paid in USD, so when I get paid $1,000 my neighbor who is getting paid in euro's would get $1338

Here is an old thread discussing the issue.
http://www.microstockgroup.com/fotolia-com/eu-fotolia/

« Reply #9 on: December 31, 2010, 06:57 »
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They apparently won't let you.  It costs them about 34% more to have euro submitters, so there isn't much motivation for them to switch you to being a Euro paid photographer.  I am in Europe as well but get paid in USD, so when I get paid $1,000 my neighbor who is getting paid in euro's would get $1338



Hm how can you do that? And why in the first place?  :o

Microbius

« Reply #10 on: December 31, 2010, 11:11 »
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Yeah, I made the mistake of signing up with a dollar account even though I'm in Europe before I knew about this.
It really is disgusting that you can't switch to the territory that you are actually in.

OM

« Reply #11 on: January 03, 2011, 20:39 »
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Just been browsing the various country sites of FT and for buyers it seems like the FT credits have been re-adjusted to $1 values in the various currencies. A credit for a UK buyer is 63 pence and for a Eurozone buyer it is 0.75.

In light of this discovery, I don't see how FT can be paying a percentage (depending on rank/exclusivity etc) of 1.00 credit to the contributor....likewise how can they pay UK contributors the old 75 pence per credit earned if they are selling credits at 63 pence...........I have a sneaky suspicion that we will be informed of these pricing changes after the fact, at sometime in the future.  :o


 

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