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Microstock Photography Forum - General => General Stock Discussion => Topic started by: Jsbach on June 18, 2019, 12:46

Title: Photocase STEALING money from contributors
Post by: Jsbach on June 18, 2019, 12:46
From an official email from Photocase:

"Debt Cut
For all remaining photographer income that has not been claimed yet we offer 50%. This measure is a prerequisite for the survival of the agency. Yes, everyone loses 50% of their unclaimed earnings, but please keep in mind how much you have earned with Photocase so far and will still be earning. "


That means that if I had 300 earned but not withdrawed yesterday, today the balance appears with 150.

Seriously? They are cutting sales with retroactivity!!!

Is this even legal?
Title: Re: Photocase STEALING money from contributors
Post by: dirkr on June 18, 2019, 13:02
If they are going bankrupt and the liquidator decides that this is a way to keep them alive, then yes, that may be legal.

I have no idea what's going on with Photocase (never was a contributor), but in insolvency cases it is quite common that open liabilities are cut.
Title: Re: Photocase STEALING money from contributors
Post by: increasingdifficulty on June 18, 2019, 13:27
Well, that stinks.

RevoStock still makes my stomach turn... Learned my lesson there to never leave more than necessary at any agency.
Title: Re: Photocase STEALING money from contributors
Post by: r2d2 on June 18, 2019, 13:54
If they are going bankrupt and the liquidator decides that this is a way to keep them alive, then yes, that may be legal.

I have no idea what's going on with Photocase (never was a contributor), but in insolvency cases it is quite common that open liabilities are cut.

But there is no liquidator. You can contradict. The photographers should give up voluntarily.
Anyone who contradicts will get 100% of his money!
Title: Re: Photocase STEALING money from contributors
Post by: dirkr on June 18, 2019, 13:59
If they are going bankrupt and the liquidator decides that this is a way to keep them alive, then yes, that may be legal.

I have no idea what's going on with Photocase (never was a contributor), but in insolvency cases it is quite common that open liabilities are cut.

But there is no liquidator. You can contradict. The photographers should give up voluntarily.
Anyone who contradicts will get 100% of his money!

Ok, I was just guessing.
So then, the choice should be easy - get out with 100% and forget about them.
Title: Re: Photocase STEALING money from contributors
Post by: georgep7 on June 19, 2019, 01:59
Offtopic

Love the open mouth shark head frontpage picture in their facebook page.
Talking meaningful pictures!
Title: Re: Photocase STEALING money from contributors
Post by: Not Today on June 19, 2019, 06:41
Love their contributor sign up page.

" Friendly & Fair
Transparency and fairness are important Photocase values. Here you find a fair marketplace where you can put your works up for sale and get a fair share of 20-50 percent of the net sales price. This is the amount we receive after deducting discounts and taxes on image sales."

Don't forget that you also still need to pay [your country] income tax, although they have already deducted all of it for themselves by paying you a share of the net price. Feels like double taxation.
Title: Re: Photocase STEALING money from contributors
Post by: THP Creative on June 19, 2019, 08:18
From an official email from Photocase:

"Debt Cut
For all remaining photographer income that has not been claimed yet we offer 50%. This measure is a prerequisite for the survival of the agency. Yes, everyone loses 50% of their unclaimed earnings, but please keep in mind how much you have earned with Photocase so far and will still be earning. "


That means that if I had 300 earned but not withdrawed yesterday, today the balance appears with 150.

Seriously? They are cutting sales with retroactivity!!!

Is this even legal?

Wow, just wow. Complain for sure and exit immediately.
Title: Re: Photocase STEALING money from contributors
Post by: flaner on June 20, 2019, 06:53
Hello, guys!

I`m also Photocase contributor...This is nothing but robbery. They took our money without asking or offering us deal or something...It`s totally unacceptable way of treating contributors.