Author Topic: videohive strange royalties, look at that!!! (Read 6648 times)

madman · « **on:** August 09, 2018, 10:51 »

nearly a video was sold at videohive...

look at statement... video sale price: $12

cuts on wages:
buyer fee: $3
author fee: $4.95
US Royalty Withholding Tax: $2.70
total cut: $10.65

It's only $1.35 left over from a $ 12 video sale.

this is not fair, would you tell me, what kind of justice is that we live? I am very sick of these kind of absurd conditions on microstock industry anymore, really, I am tired of seeing this kind of b....ts anymore.

Video-StockOrg · « **Reply #1 on:** August 09, 2018, 11:02 »

it is your own fault even uploading clips there.

madman · « **Reply #2 on:** August 09, 2018, 11:06 »

Quote from: Video-StockOrg on August 09, 2018, 11:02

it is your own fault even uploading clips there.

why do you cost me the problem right now? Do not be so hasty in answering, you have to think about the subject first. do you think the whole problem is on me? Do you explain this with more detail? if there is a place where higher commission and more sales can be made that am I not informed, I would like to find out.

Video-StockOrg · « **Reply #3 on:** August 09, 2018, 11:14 »

it is the same as applying for a crapy paid job and then whine to everyone around you about bad payment. you knew you applied, deal with it. Or delete clips and stick to agencies that don't dump prices.

SpaceStockFootage · « **Reply #4 on:** August 09, 2018, 12:41 »

Yeah, I usually figure out how much I'm going to get paid per sale before I start uploading clips... not after I've uploaded clips and made a sale.

But still... what country are you from?

madman · « **Reply #5 on:** August 09, 2018, 13:34 »

you right but there have no description while set up price on upload page for author fee and extra taxes except small amount of buyer fee, right?

I m from somewhere on europe, is it affect earnings?

SpaceStockFootage · « **Reply #6 on:** August 09, 2018, 14:27 »

Might reduce your withholding tax. Have you already filled in your W8 in the tax settings?

madman · « **Reply #7 on:** August 09, 2018, 15:24 »

yes, I already submitted and approved tax form, I wonder, what is your current tax witholding fee? is mine so much?

it says on help page that
"Accordingly, if you are a non-U.S. person, your sales to US buyers may be subject to royalty withholding tax of up to 30%."

30% tax is so much fee, isnt it?

flywing · « **Reply #8 on:** August 09, 2018, 16:18 »

Quote from: madman on August 09, 2018, 15:24

30% tax is so much fee, isnt it?

Yeah, mine is 5%.

"Different countries have different tax withholding rates for royalty payments."

https://submit.shutterstock.com/legal/taxes/treaty_countries

madman · « **Reply #9 on:** August 09, 2018, 17:40 »

Quote from: flywing on August 09, 2018, 16:18

Quote from: madman on August 09, 2018, 15:24
30% tax is so much fee, isnt it?

Yeah, mine is 5%.

"Different countries have different tax withholding rates for royalty payments."

https://submit.shutterstock.com/legal/taxes/treaty_countries

this is very nice point, according to the list on the link you give, I have to pay 10% tax. why does videohive cut taxes by 30%?

pkphotos · « **Reply #10 on:** August 09, 2018, 20:24 »

professional videographers would never upload to this loose change bogus site

SpaceStockFootage · « **Reply #11 on:** August 09, 2018, 22:07 »

Did you fill in your foreign tax ID number? If you don't then they accept you're from the country you say you are... but still charge you 30% on US sales, but if you do, then they apply the reduced rate to US sales as well.

SpaceStockFootage · « **Reply #12 on:** August 09, 2018, 22:10 »

Quote from: pkphotos on August 09, 2018, 20:24

professional videographers would never upload to this loose change bogus site

Set your own prices, royalties up to around 70%, they've paid out as much royalties as Shutterstock... what's bogus about them?

madman · « **Reply #13 on:** August 10, 2018, 04:44 »

Quote from: SpaceStockFootage on August 09, 2018, 22:07

Did you fill in your foreign tax ID number? If you don't then they accept you're from the country you say you are... but still charge you 30% on US sales, but if you do, then they apply the reduced rate to US sales as well.

I will check it, thanks...

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Author Topic: videohive strange royalties, look at that!!! (Read 6648 times)

madman

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