MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: Dreamframer on November 07, 2009, 04:32
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Hi everybody,
I don't know if you will understand what I'm trying to explain, because of my English, but I will try anyway.
It happened that I have $4,27 payment withheld in my account, and it still counts as my earnings. So, since I reached the payment at the very end of the last month (my payment is set to $100) I didn't get any email that my payment is in the process. So, maybe, I see that I reached payment of $100, but SS deducted those $4,27 from my earnings and I actually didn't reach the payment of $100.
If so, what will happen with the withheld payment in future? If it counts in my earnings, it will get bigger every month, and in several months when it gets to $40-$50 I will start to reach payment every few weeks, but I will start getting less and less money as withheld money grows.
Or, if it doesn't counts in my earnings, where is shown that SS deducted it from my earnings??
Regards,
Ivan
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I'm not sure I understand, but if you go to http://submit.shutterstock.com/payment_history.mhtml (http://submit.shutterstock.com/payment_history.mhtml) you can see how much was withheld from previous payments. the sum of the previous withholds + the ongoing month total = the Gross Earnings you see at the bottom of the stats page.
I don't know how that will count as the withheld money grows, but I guess they should only count the month income minus the withheld for that month when calculating payout.
btw, if you are not sure if the withhold will make you fall short of the $100 mark, you can lower your minimum payout to $75
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I'll try to explain:
It was october 31. when I reached $100,15. My minimum payment is set to $100. After few days I noticed that SS didn't send me their standard email where they say that they calculated my payment. So, I started to dig to find a reason. And I found this in my payment history:
Click for Details Type Gross US Source Non US Source Total Withheld Net Payout Method Date
+ 86.50 14.25 72.25 4.27 82.23 MONEYBOOKERS 2009-08-31
So, Total Withheld counts in my gross earnings, and it will never be deducted from it. It will just grow from month to month for another... let' say $4-5. That means that after 10 months my total withheld will be around $50.
So, in september and october I earned exactly $100,15, but I didn't get the payment because my total withheld of $4,27 still counts as a part of my earnings, which means I actually earned 100 - 4,27 = 95,73, which means again that I didn't reach $100 as minimum payment and that's why I didn't get my payment.
At my next payment, I will have maybe about $10 total withheld, and with every additional $100 earned I will have about $5 more of total withheld. So, after 10 months I will have around $50 total withheld. That means, when I see that I reached $100 for another payment I will have to manually deduct $50 to see my real earnings. That means again that my earnings will be only $50 (which is less than minimum payment). What will happen when my total withheld reaches $100 or more?
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Whitechild, I think it works like this:
Gross Total Withheld Net
MONTH 1 86.50 4.27 82.23
MONTH 2 76.25 8.20 68.05
Totals 166.75 12.47 148.28 this will be paid.
The second month is added to the first month, including your earnings for that month. The third month, after is is paid, the totals will be nil and you will start again.
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Thanks Clivia,
So, I will always have to deduct total withheld to know when I will get my next payment? Right?