"Hello,

Due to the Independence Day holiday in the United States on July 4, Shutterstock will observe a modified payout schedule for June payouts.

June payouts will start processing after the holiday, on or around Tuesday, July 5. If you are eligible for a payment, you�ll see your earnings reset to $0. You will receive an e-mail from Shutterstock later that week. You will still receive your payment by the 15th, as per our Terms of Service.

Thank you for your understanding.

Shutterstock Contributor Support Team"

Does anyone received this email from SS too?

why cant they process it on friday 1 july? 3rd month in a row with payment delays is called a pattern, they are slowly moving the payment date so they can get more interest. they are gradually moving towards the 15th, a couple of millions in the bank for a week longer makes a nice interest if done every month.

Here we go again.

Yeah, real disaster if you'll receive your money a few days later.

I've having a mental block. If they move the date but it is still once a month on the same day of the month, say the 20th. Apart from the first month won't they still have the funds for the same amount of time? How would they benefit by paying on any particular day of the month if the dates are always the same distance apart (say 30 days or so)?

You are right  in any event 5 days interest is trivial at current rates. Yes I know they get higher rates than us mere consumers blah blah but they HAVEN'T moved the payment date anyway. I really don't why people have suddenly got so excited about the date of SS payouts

Thanks for that, I thought so. I don't think they would bother for a one off small interest payment.

Am I beginning to doubt my self...every month they would have "your" money for an extra 5 days so 60 days "extra" time per year. But I think its still relatively trivial even IF it happened and there is no reason to think it will.

Quote from: Justanotherphotographer on June 28, 2016, 02:58

I've having a mental block. If they move the date but it is still once a month on the same day of the month, say the 20th. Apart from the first month won't they still have the funds for the same amount of time? How would they benefit by paying on any particular day of the month if the dates are always the same distance apart (say 30 days or so)?

You are right  in any event 5 days interest is trivial at current rates. Yes I know they get higher rates than us mere consumers blah blah but they HAVEN'T moved the payment date anyway. I really don't why people have suddenly got so excited about the date of SS payouts

It all depends on the reporting period; which for Shutterstock is one calender month. Technically every day beyond a given reporting period that a company can hold money in limbo is a potential revenue stream for that company. Big business does it all the time. Banks hold cheques, box stores post cash sales daily, PayPal holds bank transfers for an extra for 3 to 5 days, and so on. Personally I'm surprised Shutterstock has historically payed out earlier than obligated anyway.

 i am not complaining, just noticing a new trend, for the past 3 months there have been delay (apologies for calling it that for lack of having a better word, i know payday is by the 15th, officially) and it wouldnt surprise me if they are slowly moving towards paying on the 15th. that would allow them to have a few millions in the bank for 7-8 days. in fact they paid out 18 million last year, thats  1.5 million per month

hmmm, just did some calculations, it would make them about 15000 per year (4% interest) to keep the money for a week longer every month, probably will pay for their friday pizzas

I concur. Was the 9th in May, the 10th in June.... and if it's the 11th in July then that'll do me just fine. That's when I get to Vietnam. I'm not going to die if I get it on the 15th, but sooner rather than later always works for me.