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Author Topic: Veer portfolio in agefotosotck?  (Read 4893 times)

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« on: September 23, 2012, 12:41 »
0
Looks like a few microstock shooters have found out about their images appearing in a low budget stock easyfotostock by an agency called Kalium.

Please check and see whether your images are there.


« Reply #1 on: September 23, 2012, 12:43 »
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Yes. Veer has a partnership in place with Agefotostock, and they named the brand Kalium, for quite some time, already.

« Reply #2 on: September 23, 2012, 13:56 »
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So this again raises for me the question - how much do we get paid if this site sells our Veer image? Take a look at the prices they're charging in the screen capture below.

If I sell an XL image directly through Veer (as an example) I receive $5.25 royalty on the 15 credits or $22 the buyer pays. The sizes on easyFotostock don't really match up (even the aspect ratio is wrong given the original) but the closest seems to be the 8 x 11 for $70. Do I still get $5.25 for that even though they're selling it for more than three times the price?

Veer never answered these questions when they came up in the Alamy train wreck. Did anyone ever get any information from Veer support about how contributors are compensated for these sales (if there are any) and how we would know in our Dashboard (when it works) that a sale was through a partner?

« Reply #3 on: September 23, 2012, 21:44 »
0
So this again raises for me the question - how much do we get paid if this site sells our Veer image? Take a look at the prices they're charging in the screen capture below.

If I sell an XL image directly through Veer (as an example) I receive $5.25 royalty on the 15 credits or $22 the buyer pays. The sizes on easyFotostock don't really match up (even the aspect ratio is wrong given the original) but the closest seems to be the 8 x 11 for $70. Do I still get $5.25 for that even though they're selling it for more than three times the price?

Veer never answered these questions when they came up in the Alamy train wreck. Did anyone ever get any information from Veer support about how contributors are compensated for these sales (if there are any) and how we would know in our Dashboard (when it works) that a sale was through a partner?

It's interesting to see how easyfotostock can compete with the $1 microstock sites.
It's cheapest offering costs15 times more.

« Reply #4 on: September 23, 2012, 22:21 »
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And then many of us feel "weird" uploading and selling our microstock stuff directly through Alamy...  ::)

« Reply #5 on: September 24, 2012, 01:56 »
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If my sales on Veer are any indication, it isn't competing very successfully - if at all.

« Reply #6 on: September 24, 2012, 10:29 »
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I decided I should have another look at the Veer Contributor agreement to see what it said about sales through partners. If I read it right, they get to pay us on the basis of a royalty per credit, regardless of how the customer actually paid.

See section IV. Payment and Reporting, in particular paragraph E

If that's what they really are doing - selling through a distributor for $70 and compensating me for a 15 credit sale at $5.25, with no indicator in my sales records on which site a sale was made - I think I just need to collect my payment for this month on the 15th of October and have them close my account. They might not be selling any - and how would I know? - but that's just a disgrace. A complete rip-off of contributors - a royalty of 7.5% of the sale!

If they'd like to offer an opt out of all partner sales, I can live with sales via their own site only (even though they would make out should a cash sale get made with their compensation scheme). Looking at the posted credit prices (which may or may not be the only available prices to large customers), it's a minimum of 78 cents and maximum of $1.41 per credit to the buyer. Looking at my royalty on a 20 credit sale, it's a minimum of 24.8% and maximum of 44.8% which is acceptable to me.
« Last Edit: September 24, 2012, 12:22 by jsnover »

RT


« Reply #7 on: September 24, 2012, 12:17 »
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So glad I closed my account with Veer, this appears to be another attempt by them to make money on your images with no effort by them whatsoever other than sending the site your images.

« Reply #8 on: September 24, 2012, 15:43 »
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=
If that's what they really are doing - selling through a distributor for $70 and compensating me for a 15 credit sale at $5.25, with no indicator in my sales records on which site a sale was made - I think I just need to collect my payment for this month on the 15th of October and have them close my account. They might not be selling any - and how would I know? - but that's just a disgrace. A complete rip-off of contributors - a royalty of 7.5% of the sale!

Remember that they will be getting only a proportion of the price of that sale, maybe 40% of it, so if they are paying you $5.25 it could be close to 20% of their take. From what I can make of their subscriptions pricing, it seems to be designed to pay between 12% and 20% in commissions (when you take account of the fact that there are probably at least two days in seven when no downloads are made, in which case Veer keeps all the cash from expiring credits).

« Reply #9 on: September 24, 2012, 20:26 »
+1
You're probably correct that the "distributor" takes a sizable cut - although I can't imagine it'd be 60% of the gross when Veer has all the work of inspection and setting everything up.

Even so, how is it in any way in my best interests as a contributor to line the pockets of one or more layers of distributors? In the internet age (versus slide duplication for availability at a local office) it makes virtually no sense, especially where the site's in English and payments are in US $. I'd rather upload directly to any of the sites that can actually sell anything and skip the rest.

I'd settle for a high percentage of Veer's take on any partner/distributor deals and an opt out for any I don't want to participate in. And I would want a full list of all partner deals so I know where they're handing off my intellectual property. The current situation is just not right.


 

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