Sep 8th Update: Credit Pend for IMVU’s Creators

Varsha · Last edited by Varsha on Mon Sep 19, 2011 3:35 pm; edited 4 times in total

Update as of September 8, 2011

Thank you for all your feedback and comments regarding our recent announcement. In response to the concerns and questions raised by you all, we made a couple changes to the credit hold process:

1) Terminology

Instead of “Escrow,” we will be using the term “Credit Pend” going forward. All credits earned through purchase of virtual goods will be in “pend” status, or on hold, for a certain period of time (see pend schedule below) before being available for use or transfer.

2) Timing

The credit pend will begin on Monday, September 12, 2011 (for credits earned on or after that date). We will make a forum and Creator News announcement on that day and send a homepage message to all Creators.

3) Pend Schedule

If you signed up to be an IMVU Creator BEFORE September 12, 2011, your pend period will initially be one (1) day.

The pend period will gradually increase in weekly increments until all Creators have a 14-day pend period.

Credits earned between Sep 12 – 18 : Pended for 1 day
Credits earned between Sep 19 – 25 : Pended for 7 days
Credits earned on or after Sep 26 : Pended for 14 days

With this new schedule, assuming you earn credits every day, there will be two 1-week periods where you will not receive credits - Sep 20th-25th and Oct 3rd-9th. The credit income flow will resume as of October 10th with a 14-day delay between purchase of your product and delivery of earnings from that purchase to you.

If you sign up to be an IMVU Creator AFTER September 12, 2011, your pend period will begin with and stay at 14 days.

Thank you,

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Past threads:

Original thread: Here

Part 2: Here

Part 3: Here

Part 4: Here

Part 5: Here

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Staff posts for this thread:

1

2

3

4 Release delayed

5

6

7 Release delayed

8 Release delayed
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ScarletSyn · Joined: 14 Jun 2007 Posts: 2355 Location: USA - CA

Ok, so we're going with 2 weeks instead of 30 days. I hope this actually works!
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Ritsy · Joined: 20 Jun 2006 Posts: 9850 Location: Netherlands

Thanks for the update Varsha!
And I'm glad it is now 2 weeks instead of 4! Very Happy

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MysticDesigner · Joined: 25 Feb 2010 Posts: 111 Location: USA - ME

2 weeks sounds so much better to me also. Very Happy

xJonnx · Joined: 07 Feb 2007 Posts: 1578 Location: USA - PA

Thank you for the information Varsha. And thank you and everyone else for listening to the feedback.
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PridesSIN · Joined: 10 Aug 2009 Posts: 67 Location: USA

This is BS, and I am closing my whole shop. You won't make anymore money off of MY art.

Angelskiss2007 · Joined: 17 Dec 2007 Posts: 3210 Location: USA - IL

Yay! ^.^ See everyone? We told you they listen. Smile

*mod hat replaced*

So, to highlight the major changes once again, we have:

- 14 Day waiting period, not 30.
- New Name: Credit Pend
- Scheduled release date: Sept 12, 2011, with another announcement at that time
- Updated, clearer schedule
- Reiteration that ALL CURRENT CREATORS will gradually be implemented and will receive a decently steady cashflow which will regulate after 4 weeks (not 8 as with the 30 day plan)

LizzieBorden · Joined: 06 Nov 2006 Posts: 2983 Location: USA

xolollieox · Joined: 28 Mar 2007 Posts: 405 Location: USA

Thank you for the update!! I am happy about the 2 weeks! Smile

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AriaZyrium · Joined: 23 Sep 2010 Posts: 318 Location: USA

Two weeks yay.. however, with all the protests to have it kept the same as it is currently without any "Pond" or "Holds" ..... so many still simply don't agree and are either not buying credits, not developing any new meshes or products, and lastly are closing accounts.

Is this new updated 14 day system still in our best interest??? HMM
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EXOTICARAIN · Joined: 21 Apr 2006 Posts: 578 Location: USA

I'd rather this not happen at all, but two weeks in better then 30 days.
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LizzieBorden · Joined: 06 Nov 2006 Posts: 2983 Location: USA

SecondHarvest · Joined: 19 Dec 2006 Posts: 1580 Location: United Kingdom

Looking forward to having this implemented so we can be rid of all those annoying products that we seem to be policing ourselves.

For all of those who are still considering quitting, while their loss will be noted, there will always be more people that come along, to fill the void.
Personally, I think IMVU is a great place to work and express myself freely, withing the bounds that are in place.
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Exquis_disabled_29857868 · Joined: 16 Sep 2008 Posts: 188 Location: USA - TX

Ok I think im a little slow what is this credit hold suppose to do anyway? Help us build up credits?
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LamarMarley · Joined: 17 Jan 2010 Posts: 14 Location: USA - MA

Still too long for me. Escrow sounds like a scheme to rob us all from some credits, cus' if they won't show us our sales, how are we gonna know if were getting the correct amount of credits?

Still No to Escrow.

We should have the choice of playing apart of Escrow or not.
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