Posts by VF

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

Yay! for 2000+ responses

Much useful thread! :)

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says



Thanks for reply. I have already contacted them regarding this issue. Is there any limits or rules (in indian law) on how much I can recieve?? is it ok to withdraw big amounts such as 5000-10000 USD?? Thanks

You may need to confirm about this with your bank. Also it depends on it is for savings or current / business account.

Btw, nice to meet you worthapost! where are you located? I am from ~Chennai :)

Hi there,

I tried to receive wire amount of 1000$ in my saving account and it was failed. Asking about purpose code. You are using business account ? May i know the name of bank.

I have an account in ICICI.

Thanks

I receive payment through ICICI bank current account. Using the below purpose:

Purpose Group: Charges for the use of intellectual property n.i.e
Purpose Code: P0902
[ Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises etc. ]

If you are planning for regular earnings from the marketplace, I would suggest to avoid using savings account. Create a current / business bank account and that will fit better for maintaining documents related to proof of income, purpose of transaction etc.

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

I just noticed small info-box in the upload form which mentions maximum file size as 3GB (instead of 1GB). Any official word on this?

Great!

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

Just my perspective… all the milestones set by Envato are for the benefit of Envato itself. They make announcements and posts for the marketplace’s promotion – indirectly. They know that 25 Million milestone is not something possible for next 5 years (or even impossible) but they will have such thing on showcase for a delusional encouragement – raise the image of marketplace.

This is why a common milestone is useless – artificial. If your own goal is even small and you managed to achieve, that’s the great thing. Share it with family, friends and community. They may understand better than a marketplace bureaucracy.

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

Got the payment on my local bank.. Its a miracle to get credited on a Monday here! Thanks!

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says


Nice consideration. But my SWIFT payment not initiated so far. It still says: Your withdrawals will be processed on February 15, 2015
US authors only I think ?

Looks like they initiated all swift payments by 13th itself but as my intermediary bank located in US, that makes delay.

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

Nice consideration. But my SWIFT payment not initiated so far. It still says:

Your withdrawals will be processed on February 15, 2015

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says


I welcome it with open arms, as i am already providing support, so all I am seeing is added benefits and nothing is being subtracted from me, why would I be against it? Bring it on Envato
imma gonna bust out a +1 :)

This is like “since I give free gift for my buyers, having a new rule to make it mandatory is fine”.

Wait.. Mandatory support is something related to “Giving Guarantee” and “Raising Dependency” to the buyers. More of an advertisement and not a feature / luxury. Before mandatory support policy, you are doing it voluntarily. After making it mandatory, it will be your commitment. If this is a single door shop, then it is ok. But as a marketplace / platform having individual authors how the system will differentiate the quality of support between author A and author B? What benefit the buyer and author get because of just giving guarantee?

We already noticed complaints from buyers regarding some authors advertising about support abilities in item description but fails to meet the same. Now the system going to do the same thing.

In real life I don’t have the habit of committing on things which are vague and or atleast avoid giving guarantee. Same applies to the profession too.

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

Bank balance

6198 posts
  • Sells items exclusively on Envato Market
  • Elite Author: Sold more than $75,000 on Envato Market
  • Has sold $125,000+ on Envato Market
  • Has been part of the Envato Community for over 6 years
+9 more
VF
says

  • Eliminate the “author fee” and put the entire fee on the buyer. And stick this information in fine print in the TOS where it belongs. Then buyers won’t care about paying a “30% fee” unless they actually read the TOS (and they won’t).
  • Allow authors to include a legal liability disclaimer in their items (another basic right of any “seller”).

+1 for both these. But the problem is author fee is variable (Not a static 30%). Combining it with buyer fee will be crazy.

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