I have to say that the timings thing works, because for most projects, although they may well be modular, the project will have a base length when you open it.
The project will also have a base number of placeholders, but for instance how do I enter the number of placeholders for my project Delicious. This has 20 media and 40 text placeholders in the long version, 5 media and 7 text placeholders in the short version, and both have 1 logo placeholder. Both versions of the project are fully extendable, so you can remove or duplicate placeholders. What am I supposed to put in the placeholders field?
...should just about cover it. Although that still doesn’t indicate that it’s extendable.
I get the feeling that not much time was spent thinking about this update. This field only applies to the most basic kind of beginner projects.
The universal expressions field is good, but this should be a requirement, not a feature.
2/ Most of the middle class elite authors (especially the exclusive veterans) will still keep their well-selling portfolios here as long as possible but def will stop active uploading smth new due all the unpredictable risks, moral frustration, and reactive supplying to other major solid stock markets, and will rather focus on promoting them as well…
I guess I would fall in to this category… a moderately successful elite author. I will endeavour to keep my portfolio here, since I have invested a great deal of time and effort at Videohive building up a history, a profile, a portfolio and a reputation…. as well as all the volunteered time for moderating the forums, of course.
However, if by Envato’s current actions I am put into a position of illegality or my current tax or social security status is jeopardised, I will be forced to remove my entire portfolio from Envato. I’ll be talking with a lawyer in the coming weeks, to clarify my position in light of these changes.
Just to expand on Epeo’s excellent point above..
Here’s the line from Envato’s terms and conditions:
13. Envato credits: When you deposit money into your Envato Market account it is converted by your financial institution from your currency to US Dollars. We then convert those US Dollars to Envato credits. Envato credits are the virtual currency on Envato Market and one (1) Envato Credit is equal to one (1) US Dollar.
Meaning the only dollar transactions that occur are when a customer transfers money to Envato to buy Envato Credits at an exchange rate of 1:1.
Marketplace transactions – such as the sales of our items are carried out in Envato credits. But at the bottom of the invoice is:
All prices are shown in USD
when to be legally consistent it should read:
All prices are shown in Envato credits
At the moment, the only actual US$ transaction as far as they author is concerned is the monthly payment that Envato makes to them having exchanged their Envato credits to US$ at a rate of 1:1.
Goodbye Envato! I’ve just delete all my items. I had enough problems in past with local tax office – I don’t want another VAT mess.
Redeffect: That’s very sad that an author with so many sales should go like that, but I fear you may be the first of many who are forced into this position. I would however urge other authors to wait and see what happens with the invoices in reality and to find out whether an EU author’s position is legal or tenable, before irrevocably deleting portfolios. This is still a situation that is completely in flux and how it will pan out, I have no idea.
Apologies if this has been asked or brought up already, but these invoices appear to be un-usable unless they are in an authors currency right? All the invoices in the images say USD, can I assume it will always be in USD?
The problem with that is if my invoices are in USD the actual money I received monthly in AUD is just never going to balance.
On top of that, even if the invoices are in AUD, the currency price changes daily, so the money I receive on the 15th, won’t add up to the total invoiced amount for the month prior.
Maybe I’m missing something simple, but I feel like I’m going crazy. Does no body else see this? I use fresh books for my account keeping and they don’t allow for cross currency keeping mainly because its a nightmare.Im going to continue invoicing Envato once a month after I receive the money in my account. Thats the ONLY way to maintain a balanced book keeping system if you’re not living the US.
Envato pays me in USD. Do they pay you in AUD?
From the accounting and taxation point of view, I need to decide how much that USD sum equates to in my local currency. I usually work on a cash accounting system and convert it at the rate that is current on the day that the payment is received. As far as I’m aware this system is perfectly acceptable, as long as you are consistent with it. If I were required to convert every Envato transaction to a local currency amount based on the invoice date, this would create a massive amount of work.
Cocomero saidI see your point, but my latter argument still stands, go see a specialist, get it done as fast as possible! Searching on Google for answers or arguing that it’s happening won’t change anything! Update your business model and stay in the safe zone! Cheers!
Cocomero that’s why it’s important to talk to a specialist who can analyse the terms and update your current business model to the one that will be applied starting February, as fast as possible!
Don’t you think that it’s pretty hard while changes are announced Friday 30.01 starting February?This is why I still don’t sell anything on Envato while I have about 10 WP themes waiting for upload. I don’t want to take a risk as VAT is still not charged and there is no evidence Envato is going to handle these transactions properly. I hope so. However for now they don’t.
You’re right, Enabled. I think that seeing a specialist is important now. However, these things cost time and money and we actually don’t have a full picture of what’s happening yet. We won’t see the new invoices in action until Monday, and as Collis stated, they’re going to change again. What we’re dealing with here is a constantly shifting situation that will potentially put us in a position of data insecurity and illegality… and we’re given 48 hours over a weekend to react to this.
This was all supposed to be in place and effective by Jan 1st this year. Regarding your point that tax authorities won’t care about the details as long as you’re paying the taxes: that simply isn’t the case in germany. Things have to be absolutely bang on correct.
You buy an item from a top seller, boom, you know where he lives…
The problem is some countries ask that invoices have full addresses and I said that those authors need to talk to a expert in the matter to find a solution around this, because adding full addresses to the invoices is out of the question considering my previous post, see my point now?
I buy an item from a top seller, boom I have the adress of a post box. Okay, where are the millions now?And that with a full adress, although that was out of question
Can you actually use a PO box address on an invoice? I thought it needed to be the registered location of the business for tax purposes.
Maybe I should set up office actually in a PO box.
Looks like I need some good old fashioned legal advice.
Now that authors are officially the “sellers”, what protection do we have from buyers potentially suing us? They’ll have our name and where we live, so it wouldn’t be too hard to find us. So consider the following scenario:
So I’m sure there’s something in the fine print that protects Envato from these type of scenarios. But going forward, what guarantee do authors have for the same protection?
- Buyer purchases plugin that has a security bug in it.
- Buyer’s site gets hacked, and buyer’s company loses thousands of dollars as a result
- Buyer locates author, and files lawsuit to recoup losses.
This is a very good point. If the clients were actually our direct clients, we would be able to issue our own terms and conditions.
felt_tips, read my second post.
I’m trying to get this confirmed, but from what I see apparently, only the Country / State / City will be provided on buyers invoices. Nothing more.Still waiting for an official answer on this.
No address guys! Just City, State and Country. This is clearly explained in the blog and it has already been asked and answered by staff.
Please read the list of existing Questions/Answers before posting so that staff will have an easier time answering questions.
Yes, I read that in the post. However (and maybe I need to double check my facts here), I believe an invoice is not legally valid unless it has a full address on it.