MicrostockGroup Sponsors


Author Topic: Hold on to your wallets! "There are irregularities with October's PP royalties"  (Read 71785 times)

0 Members and 1 Guest are viewing this topic.

Ron

« Reply #175 on: January 10, 2014, 18:05 »
+5

No, it's not that. You posted it three times and ignored my sitemails indicating the article you are linking was from October 31, 2013 and it was in no way related to the Partner Program issues.
Of all the hurt and agony and fvck ups that IS puts upon us, your only reply is to justify a forum ban. T Y P I C A L !


« Reply #176 on: January 10, 2014, 18:11 »
0
the article you are linking was from October 31, 2013 and it was in no way related to the Partner Program issues.

Why couldn't you just say "it is in no way related to the Partner Program issues" and leave the link there? I hope you do understand that all this hiding and other shenanigans seem very suspicious?

so what if it was oct 31st? its not like they could instantly pull something like this off. Only a few months difference, also the new year may have something to do with the timing as well. Only time will tell.

« Reply #177 on: January 10, 2014, 18:16 »
+14
iStockphoto seems to have North Korea as their role model.
Heck, I feel like I was working for North Korea already.

« Reply #178 on: January 10, 2014, 18:21 »
+2
Quote
bpepz

Reply #167 on: Today at 17:16
Quote #link0   
Quote from: bpepz on Today at 17:07
Quote from: mayaartist on Today at 13:54
I posted it on istock forum but it was deleted instantly. But here they can't do anything

After reading this article it's become clear that this is a fraud. They desperately looking how to reducing debt. And I don't want to pay for that.

https://www.moodys.com/research/Moodys-downgrades-Getty-to-B3-from-B2-Outlook-is-Stable--PR_285298

P.S I don't understand why they delete my post on istockpoto forum. Because it's not a secret information. Everybody can find it and read.

After all this I've decided to start delete my portfolio from istockphoto. I don't believe them any more.

Lol, I just posted the same thing and it was deleted as well.

Ok, new update, they have banned me from the forums for posting that link.
I had  two site mails form Lobo when I posted it. And than I started deleting my images.

seems they are really sensitive about that article. I'm banned now for posting it.
No, it's not that. You posted it three times and ignored my sitemails indicating the article you are linking was from October 31, 2013 and it was in no way related to the Partner Program issues.

I originally posted to see if what people were saying was true, that if that information was posted you would get your message deleted. Sure enough, my message was deleted, signaling to me that indeed something indeed may be amiss, and I kept posting with the hopes that someone could see it. Truthfully though I did not see the site mail till after I noticed I could not post anymore, I am not really complaining about being banned, but it does show there is some sort of damage control going on over that information.

« Reply #179 on: January 10, 2014, 18:26 »
+10
I'M on other microstock agencies and things like that never happens ! They never take back money error ! That's juste happen on istock.

« Reply #180 on: January 10, 2014, 18:29 »
0
Quote
pieman
I'm Lobo

Reply #173 on: Today at 17:53
Quote #link0   
Quote from: bpepz on Today at 17:49
Quote from: mayaartist on Today at 17:42
Quote
bpepz

Reply #167 on: Today at 17:16
Quote #link0   
Quote from: bpepz on Today at 17:07
Quote from: mayaartist on Today at 13:54
I posted it on istock forum but it was deleted instantly. But here they can't do anything

After reading this article it's become clear that this is a fraud. They desperately looking how to reducing debt. And I don't want to pay for that.

https://www.moodys.com/research/Moodys-downgrades-Getty-to-B3-from-B2-Outlook-is-Stable--PR_285298

P.S I don't understand why they delete my post on istockpoto forum. Because it's not a secret information. Everybody can find it and read.

After all this I've decided to start delete my portfolio from istockphoto. I don't believe them any more.

Lol, I just posted the same thing and it was deleted as well.

Ok, new update, they have banned me from the forums for posting that link.
I had  two site mails form Lobo when I posted it. And than I started deleting my images.

seems they are really sensitive about that article. I'm banned now for posting it.
No, it's not that. You posted it three times and ignored my sitemails indicating the article you are linking was from October 31, 2013 and it was in no way related to the Partner Program issues.

I posted it not because it's only related to the PP issue. But if you understand a bit finance this article will give you an idea that Getty Images has a difficult financial time. And simply deleting peoples posts is just hiding something(very unprofessional).

P.S. And by the way if IS only provide us with minimal info about what's heppend. Why we can't find some official reports which is in public domain.

« Reply #181 on: January 10, 2014, 19:25 »
+6
If I'm correct informed.... Moody's downgraded Getty Images recently.

« Reply #182 on: January 10, 2014, 19:55 »
0
If I'm correct informed.... Moody's downgraded Getty Images recently.

The ratings agencies have repeatedly downgraded the USA. But it is still there and you wouldn't mess with it.

(the same agencies which rated all that collateralized debt AAA just before the 2007/8 crash)

« Reply #183 on: January 11, 2014, 03:05 »
+10
If I'm correct informed.... Moody's downgraded Getty Images recently.

The ratings agencies have repeatedly downgraded the USA. But it is still there and you wouldn't mess with it.

(the same agencies which rated all that collateralized debt AAA just before the 2007/8 crash)

That's not really the point, is it? GI isn't a country and can't print money to pay its debts. It has to find people willing to lend to it if it needs to refinance and will have to pay higher interest rates, which in turn makes it more unlikely that it will be able to meet its obligations some time in the future.
If at some point it needs a large sum and can't find a lender then it goes bust - and guess who would be the last in the queue to get paid out from what's left? It won't be the banks.

« Reply #184 on: January 11, 2014, 03:57 »
-6
After thinking about this a while, as much as I am sure Istock has no problem outright stealing from contributors, I think its unlikely in this situation. More likely, the uptick in PP sales were totally artificial, a way for istock to boost its image on paper, knowing full well as soon as 2014 came around they would call it a "glitch" and claw it all back. It seems they knew they were under scrutiny and were trying to boost performance to prevent the downgrade from Moody's. Obviously they still had the downgrade, but even if they had not, the extra "sales" would of been clawed back either way. At least in this situation istock has not exactly defrauded its contributors,  you can't really feel bad about losing a sale that never happened.

Ron

« Reply #185 on: January 11, 2014, 04:05 »
+8
Its not stealing, its an overpayment and has to be paid back. I have no issues with paying back an overpayment, the problem is with their never ending cock ups and the way they handle these issues. No explanation, forum bans, no apologies.... etc.

« Reply #186 on: January 11, 2014, 05:58 »
+10
Once again I call for an Istock accounting ledger page for each contributor. The Account page must be a true ledger of customer payment, iStock deductions, contributor portion. Do this for each transaction in the contributors account. Istock has the data to do the accounting - just make it transparent to each contributor. It's the only way for us to gain any confidence in the Istock accounting system now.
I Totally agree! We need a professional accounting system because we're making our living on this blind trust system and its not good enough.

« Reply #187 on: January 11, 2014, 06:02 »
+3
Correction - my ISP decided to block Payoneer emails, so they were the problem, not iS

Three days ago Istock sent me a message telling me that the latest payment into Payoneer was "almost there". In the past, this has been followed in a couple of hours with confirmation from Payoneer, but this time I am still waiting. I can't help wondering if someone has moved to block pending payments until they claw back the money.

Has anybody else seen anything similar?
« Last Edit: January 12, 2014, 06:23 by BaldricksTrousers »

« Reply #188 on: January 11, 2014, 06:05 »
0
Its not stealing, its an overpayment and has to be paid back. I have no issues with paying back an overpayment, the problem is with their never ending cock ups and the way they handle these issues. No explanation, forum bans, no apologies.... etc.

Why I never have overpayment from IS?as you guys all reported a wonderful NOV on PP, I just got one lousy pp which is 0.28...lolololol ;D

« Reply #189 on: January 11, 2014, 07:23 »
+1
Changed my mind.
« Last Edit: January 11, 2014, 07:27 by Red Dove »

« Reply #190 on: January 11, 2014, 07:31 »
+13
I feel like a dog who's been given a delicious (and unexpected) $300 cookie.  And now, almost 2 months later, with the cookie half eaten, the Boss wants it back.  And I'm not the only dog with a half eaten cookie.  There's 25000 doggies like me.  I think Istock is pretty courageous to mess with 25000 dogs.

« Reply #191 on: January 11, 2014, 09:51 »
+8
PP ... isn't it strange that we can't track our saled by date on IS ? You need a script, and even with a script, you can't track the last sales on PP ! I have 3800 images so I can't see exactly wich have sold last month.

That would be a good start if IS display our PP sales. Now we don'T know anything, and can't track error ! That's very very strange and I have doubt about their intentions. And the way they're not responding... And no appologies ... 

I can't wait for next week to have answers.

ShadySue

  • There is a crack in everything
« Reply #192 on: January 11, 2014, 10:02 »
+3
I can't wait for next week to have answers.

What answers are  you hoping for next week?
AFAICS, all that's going to happen is that "We will be sending email notifications to the impacted contributors in the next week. We will notify this thread as soon as the emails start going out. Please note, if you dont receive an email then your account isnt affected." as per Lobo's updated OP.
http://www.istockphoto.com/forum_messages.php?threadid=358476&messageid=6972926
No further answers other than he's already stated there have been offered.

« Reply #193 on: January 11, 2014, 10:05 »
+1
I was hoping explanation from them !

ShadySue

  • There is a crack in everything
« Reply #194 on: January 11, 2014, 10:13 »
-1
I was hoping explanation from them !


Posted By heywoody:
"How about a bit of detail on how the problem was caused and what precisely was affected?"

Lobo:
"There was an issue with the data that was sent. It affected the royalties of approximately 25,000 contributors who are Partner Program participants."

http://www.istockphoto.com/forum_messages.php?threadid=358476&messageid=6974806

« Reply #195 on: January 11, 2014, 10:18 »
+2
I just finished with deactivation of my files on IS. I left one until they calculate next PP. But I doubt that I'll be able to cash out then. It doesn't matter to be honest.

Beppe Grillo

« Reply #196 on: January 11, 2014, 10:22 »
0
25,000
This number seems rather curious.
Only 25,000 on millions of users?
When each of us here seem to have been affected by the plague ...

Another another lie?

« Reply #197 on: January 11, 2014, 10:49 »
0
I agree this number is curious ! It's still 25 000 ! to me it's huge !

« Reply #198 on: January 11, 2014, 11:22 »
+4
Probably 30,000 to 40,000 contributors with ports not all of whom are in PP so 25,000 is plausible.  I don't know if the larger royalties reflect something like the OD at SS or whether there are different subs packages that pay different royalties so possible explanation would be that downloads were recorded against an incorrect package - just an example of an explanation beyond "wrong amounts were transferred".  The bottom line though is that it is now not possible to have any confidence or trust that IS can pay us correctly.

« Reply #199 on: January 11, 2014, 12:41 »
+4
The bottom line though is that it is now not possible to have any confidence or trust that IS can pay us correctly.

That's not new. Look at previous PP payout bungles where they have had to scrap what they've posted and start again.


 

Related Topics

  Subject / Started by Replies Last post
17 Replies
21056 Views
Last post March 21, 2010, 22:37
by UncleGene
4 Replies
7524 Views
Last post December 01, 2010, 18:38
by ShadySue
5 Replies
7324 Views
Last post September 17, 2011, 22:33
by PeterChigmaroff
25 Replies
33565 Views
Last post May 26, 2015, 05:40
by cathyslife
8 Replies
4191 Views
Last post August 21, 2013, 23:16
by stockphoto-images.com

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors

3100 Posing Cards Bundle