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Discussion # 7: Creators earning money directly from IMVU
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PostPosted: Sat Apr 11, 2015 7:00 pm    Post subject: Discussion # 7: Creators earning money directly from IMVU Reply with quote

Original thread posted by Varsha

Thread 2

Thread 3

Thread 4

Thread 5

Thread 6

IMVU's announcement regarding how Creators can now earn money for their product sales directly from IMVU.

The original announcement will stay locked so everyone has an easy way to access and consume that information.

IMVU staff will be actively monitoring the discussion here, however, may not respond to each and every post. We will however update the FAQs as and when needed based on this discussion.

Reminders: Please keep your posts on topic. As per our forum rules, baiting, attacking each other, etc is not okay.

Thank you.

Other Staff Responses in this Discussion:

Link - Page 2 - Clarification on Creator notifications, profit rate, and credit purchase rates
Link - Page 3 - Creators won't have to worry about when credits can be purchased under the new structure
Link - Page 3 - Clarification on decisionmaking process, and involvement with resellers during the transition period.
Link - Page 8 - Clarification on taxing for international creators
Link - Page 9 - Multiple clarifications including Announcements, Credits and Money, International Creators and All Creators
Link - Page 10 - For now you will have to verify each creator account individually, but IMVU is working on linking accounts together.
Link - Page 20 - You can earn money or credits, or both as a creator.
Link - Page 21 - IMVU has never been hacked, but has been subject to a DDOS attack that reduced service to customers, but that was external to IMVU.
Link - Page 35 - International creators only pay the 30% tax if they do not supply IMVU with their tax information. Although the creator agreement mentions a transaction fee for multiple payouts, IMVU has no plans to invoke it at this time.
Link - Page 35 - Creators have until April 14th to sell their credits to a reseller
Link - Page 35 - Reasoning behind selecting Paypal as payment processor.
Link - Page 35 - Creators will earn credits by default unless they select to earn money
Link - Page 39 - Reiteration about taxing and creator payout fees.
Link - Page 40 - Explaining why the source of credits is important to IMVU purchasing them, notification to all IMVU users going out thursday, and credits will still be used for submissions

Link - Thread 2, Page 2 - Where to find information about Jon Watte.
Link - Thread 2, Page 3 - More clarification about the signup process
Link - Thread 2, Page 4 - More clarification about taxing
Link - Thread 2, Page 4 - Credit gifting does not change, and transfer limits are still in place.
Link - Thread 2, Page 5 - Signatures are required on forms submitted to IMVU, but they may be electronic signatures.
Link - Thread 2, Page 6 - Anyone selling credits in an unauthorized manner is still subject to actions against their account, including disabling
Link - Thread 2 - Page 9 - More clarifications on taxing
Link - Thread 2 - Page 86 - Updates and clarifications
Link - Thread 2 - Page 86 - Clarifications on Earning Credits versus money, Orders placed with IMVU, Credits earned from other than sales, Every creator can earn money
Link - Thread 2 - Page 88 - Explaining we are on an accelerated pend schedule
Link - Thread 2 - Page 89 - How pended credits and income events are now displayed

Thread 3 - Page 11 - Reminders
Thread 3 - Page 20 - Derivation costs explained
Thread 3 - Page 29 - Updates/Clarifications
Thread 3 - Page 36 - Cash vs. Cash earnings in pend, How long is Verification taking?
Thread 3 - Page 38 - Option for part credits and part cash?, The switch between the two options is secure, Once you select cash, you must get payment in cash
Thread 3 - Page 43 - Database issue was not a hack against IMVU
Thread 3 - Page 48 - No truth to the rumor that people are being disabled over protests
Thread 3 - Page 48 - Yes you can send documents via snail mail
Therad 3 Page 73 - Link to post by Brett IMVU's CEO

Therad 4 Page 77 - Clarifications on derive fee being paid in credits
Thread 4 - Page 79 - Clarification on how IMVU will work with creators who fail verification
Thread 4 - Page 80 - Address for sending documents to IMVU via Snail mail
Thread 4 - Page 82 - Clarification on Account Verification and Filing tax forms for those outside of the US

Thread 5 - Page 15 - Creator account verification is down for maintenance
Thread 5 - Page 19 - While account verification is down, tickets will be invisible - But IMVU is still processing them.
Thread 5 - Page 31 - From the day you decide to earn money, you have 90 days to complete verification
Thread 5 - Page 33 - Changes in possible fee when withdrawing money more than once a month
Thread 5 - Page 45 - Clarification on the amount earned with small profit margins
Thread 5 - Page 52 - Reiteration of dates for selling and buying from resellers
Thread 5 - Page 53 - FAQ updated to explain how profits when earned in cash work

Thread 6 - Page 88 - Assorted updates

Thread 7 - Page 57 - Customer service and security answers
Thread 7 - Page 73 - Updated account verification process
Thread 7 - Page 73 - Assorted answers to questions
Thread 7 - Page 76 - If you snail-mail your documents, they will replace anything submitted online
Thread 7 - Page 79 - What the verification message looks like, and a link to how to see if you are verified
Thread 7 - Page 80 - You can use one paypal account for all your alts, but each alt must be verified separately
Thread 7 - Page 80 - Yes, the new verification system meets IMVU's highest standards, and staff members are using it
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Last edited by badboy VIP Club Member on Mon Apr 13, 2015 3:39 pm; edited 2 times in total
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Lollirot

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PostPosted: Sun Apr 12, 2015 4:28 am    Post subject: Reply with quote

As to mention of IMVU paying the PayPal Fee . . .

I was only aware of a fee charged if you withdrawal over $150. And after I thought it was a rather minimal charge?

Or am I wrong? I barely pay a couple cents in fees when paying someone.

Added: I looked and see mention of 2.9% fee for recieving money for goods, would that be the one that applies? Cuz it's like $1.45 + .30c so $1.75 they cover of my $50 minimum.

I guess that could add up . . . Like I said the $5 fee doesn't bother me if they put that on. $30 did.

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PostPosted: Sun Apr 12, 2015 4:30 am    Post subject: Reply with quote

Castien wrote:
I'm referring to the moderator post that IMVU retains the right to charge $30 if you cash out more than one time in a given period.

Yep that charge would be to cover PayPal's fees.
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PostPosted: Sun Apr 12, 2015 4:31 am    Post subject: Reply with quote

Lollirot wrote:
As to mention of IMVU paying the PayPal Fee . . .

I was only aware of a fee charged if you withdrawal over $150. And after I thought it was a rather minimal charge?

Or am I wrong? I barely pay a couple cents in fees when paying someone.

Added: I looked and see mention of 2.9% fee for recieving money for goods, would that be the one that applies? Cuz it's like $1.45 + .30c so $1.75 they cover of my $50 minimum.

I guess that could add up . . . Like I said the $5 fee doesn't bother me if they put that on. $30 did.


I didn't see the update, but you're right, they did change it.
Quote:
UPDATE:

Based on your feedback, we are updating our Creator Agreement and Creator Policy to reflect the following:

Current policy text:

If a creator makes more than one request for payment of money amounts from IMVU in any 30 day period, IMVU reserves the right the charge the creator a payment service fee of US$30 per payment transaction, and IMVU is permitted to deduct the amount of such a service fee from the proceeds to be paid to the creator.

Will be changed to:

If a creator makes more than two request for payment of money amounts from IMVU in any 30 day period, IMVU reserves the right to charge the creator a payment service fee of US $5 per payment transaction, and IMVU is permitted to deduct the amount of such a service fee from the proceeds to be paid to the creator.

Again it is important to remember that no such fees are being charged. We will be monitoring the volume of payout requests and then make that decision later.
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PostPosted: Sun Apr 12, 2015 4:37 am    Post subject: Reply with quote

oh look a first page post :p

our dev community is so 'crucial' they are giving us away....
.... there's something wrong with that picture, if we are so crucial shouldn't our opinions matter?

a big part is F you imvu but there's the other part that believes we should still dev, if imvu died I'd have no where to go.
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PostPosted: Sun Apr 12, 2015 4:37 am    Post subject: Reply with quote


^ Where can we get DPs like that, please?
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PostPosted: Sun Apr 12, 2015 4:38 am    Post subject: Reply with quote

Castien wrote:
Lollirot wrote:
As to mention of IMVU paying the PayPal Fee . . .

I was only aware of a fee charged if you withdrawal over $150. And after I thought it was a rather minimal charge?

Or am I wrong? I barely pay a couple cents in fees when paying someone.

Added: I looked and see mention of 2.9% fee for recieving money for goods, would that be the one that applies? Cuz it's like $1.45 + .30c so $1.75 they cover of my $50 minimum.

I guess that could add up . . . Like I said the $5 fee doesn't bother me if they put that on. $30 did.


I didn't see the update, but you're right, they did change it.
Quote:
UPDATE:

Based on your feedback, we are updating our Creator Agreement and Creator Policy to reflect the following:

Current policy text:

If a creator makes more than one request for payment of money amounts from IMVU in any 30 day period, IMVU reserves the right the charge the creator a payment service fee of US$30 per payment transaction, and IMVU is permitted to deduct the amount of such a service fee from the proceeds to be paid to the creator.

Will be changed to:

If a creator makes more than two request for payment of money amounts from IMVU in any 30 day period, IMVU reserves the right to charge the creator a payment service fee of US $5 per payment transaction, and IMVU is permitted to deduct the amount of such a service fee from the proceeds to be paid to the creator.

Again it is important to remember that no such fees are being charged. We will be monitoring the volume of payout requests and then make that decision later.


What I'd like to know is where they got the $30 amount from in the first place?
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PostPosted: Sun Apr 12, 2015 4:38 am    Post subject: Reply with quote

Field wrote:

^ Where can we get DPs like that, please?

I would like to know that as well...
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PostPosted: Sun Apr 12, 2015 4:39 am    Post subject: Reply with quote

ok so i get everyone being ticked off at the fact we are losing our resellers, and haveing to go through alot to get cash for creds, but just like a job where you get cash up front, you get hit with a 1099 at tax time, this is kinda the same, but you are being taxed at payouot, did no one really read the forum post from the chief engineer, they want to be able to give cuts to the companys and logos that are a trademark and us using is stealing as we didn't have that companys right or permission to use it, the same goes with the songs that ppl cut and have in shop for "DJ" purposes, when you buy music from the music shop IMVU can give artists thier royalties, but from reg shop they consider the cut song as theft, if we are going to use the logos and artists and what not that have a trademark imvu has to do something to save thier rumps and keep the site going, or else we may just lose IMVU all together, which mean no more Dev/creating, no more seeing ppl you meet all over, none of that, think about the bigger picture
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PostPosted: Sun Apr 12, 2015 4:39 am    Post subject: Reply with quote

Lucas wrote:
Field wrote:

^ Where can we get DPs like that, please?

I would like to know that as well...

Same here.
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PostPosted: Sun Apr 12, 2015 4:41 am    Post subject: Reply with quote

Regardless of the effort they are making to damage control, they are ignoring most of the major demands. Just like how we've been asking for automatic log saving for security purposes, like when people boot you before you can flag chat or such, they were more concerned with offering useless chat features, like that hideous one chat per room limit that forces you to change or be booted after 2 min?

I work for a Fortune 500 company that has a loyalty base in over 200 countries. They barely have any competition and they do that by meeting customer demands. If anyone claims we have no choice, let's see if they have enough creators/users left over that actually produce and buy product when this travesty is set in place officially. If your income is heavily relied on creator content and user loyalty, you better be catering to that group. Why can't IMVU understand that?
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PostPosted: Sun Apr 12, 2015 4:43 am    Post subject: Reply with quote

Step wrote:
Lucas wrote:
Field wrote:

^ Where can we get DPs like that, please?

I would like to know that as well...

Same here.

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PostPosted: Sun Apr 12, 2015 4:43 am    Post subject: Reply with quote

Lucas wrote:
Field wrote:

^ Where can we get DPs like that, please?

I would like to know that as well...


I had a friend make mine, but this is one site that was used:
http://imvu.greysanity.com/resellsupportdp.php
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PostPosted: Sun Apr 12, 2015 4:44 am    Post subject: Reply with quote

like with any company that impliments a new policy, you put it in place then tweek it as you go and things arise or change, thats all over with companys, i work for call center that is owned by Ebay, so ik all about cust demands and client demands as well
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PostPosted: Sun Apr 12, 2015 4:45 am    Post subject: Reply with quote

*Mod Hat Off*

I have a have a question for staff:

If I earn, say $135 in a month, but I only want to withdraw $75 from IMVU, can I decide to only take out that $75 or must I take out the whole $135?

I guess what I'm asking is that "Is the withdrawal method like an ATM, where I can decide how much (over $50, of course) to withdraw or must I withdraw it all?"
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