NW11852 Posted August 1, 2016 Share Posted August 1, 2016 Hi My Alamby balance finally crossed $75 for the firstg time and I was due to be paid $85.65 today into my UK £GBP bank account. How long does this take? "Total sales: $171.26 Commission / charges: $-85.61 Total payments to you: $-85.65 Balance carried forward: $0.00 Cleared balance: $0.00 Next payment date: Not due Should it arrive the same day, or is there a standard timescale of which I should be aware? Many thanks. Link to comment Share on other sites More sharing options...
Ed Rooney Posted August 1, 2016 Share Posted August 1, 2016 The bank takes a few days to catch up. It will happen; relax. Link to comment Share on other sites More sharing options...
vpics Posted August 1, 2016 Share Posted August 1, 2016 When Alamy say they pay, they do. Check your account again on Wednesday. Don't panic. Link to comment Share on other sites More sharing options...
spacecadet Posted August 1, 2016 Share Posted August 1, 2016 ....or Thursday. Mine always arrive on the fourth working day of the month. Link to comment Share on other sites More sharing options...
NW11852 Posted August 1, 2016 Author Share Posted August 1, 2016 Thanks. Having worked in banking, in many areas, I was hoping that the currency conversion would be done as they opened for business and the Faster Payments System would have settled same day, usually well within 2 hours. Oh well, I will know for next time. Regards Link to comment Share on other sites More sharing options...
spacecadet Posted August 2, 2016 Share Posted August 2, 2016 You should know, but I understood that Faster Payments is intended for individuals and that businesses use BACS. In any case Alamy payments go through a currency conversion- would they even be eligible for FP? Their payment system long predates it. Link to comment Share on other sites More sharing options...
NW11852 Posted August 2, 2016 Author Share Posted August 2, 2016 Hello. The currency conversion is a separate transaction. They know the previous week what they are to pay out in 1st of each month. They can easily sell that to their bank/in the market 'spot' for deliver in 2 working days. A simple database extraction into a spreadsheet could allocate how much of the resultant £GBP was allocated to each client. Faster Payments can be used by businesses up to a certain value. (It's quite high!) Extracting the £GBP conversions into an automated payment system is very straightforward. It's equally simple if recipients wish to receive payments in other currencies. I'm not being too critical of Alamy as such, but there are quicker and easier ways of doing things in this day and age. And it is/was one of my specialities during decades with NatWest Bank. Link to comment Share on other sites More sharing options...
spacecadet Posted August 2, 2016 Share Posted August 2, 2016 Well either way you get a payment every month. Only the first one seems to take longer. Link to comment Share on other sites More sharing options...
NW11852 Posted August 4, 2016 Author Share Posted August 4, 2016 Thank you for all of your responses. The payment arrived this morning 4th August. Link to comment Share on other sites More sharing options...
Scott Mallon Posted December 7, 2016 Share Posted December 7, 2016 Mines says: Paypal initiated You should receive payment within 9 working days($65.16) Nine days for a PayPal payment? Fortunately it's not much so I can wait, but...nine days? Link to comment Share on other sites More sharing options...
spacecadet Posted December 7, 2016 Share Posted December 7, 2016 It's a stock reply- that's the longest it takes. Those of us on bank transfer usually get it in 4, but there's a holdup this month. Link to comment Share on other sites More sharing options...
Scott Mallon Posted December 7, 2016 Share Posted December 7, 2016 It's a stock reply- that's the longest it takes. Those of us on bank transfer usually get it in 4, but there's a holdup this month. It's been 7 days and I still haven't received it, which is a bit strange all things considering PayPal payments are received in seconds. I understand Alamy is a company and it might be making mass payments, but "there's a holdup this month" doesn't inspire much confidence. Anyway, it will be interesting to see when it arrives. Link to comment Share on other sites More sharing options...
AlessandraRC Posted December 8, 2016 Share Posted December 8, 2016 same here, worried about money in a limbo Link to comment Share on other sites More sharing options...
DDoug Posted December 8, 2016 Share Posted December 8, 2016 Just received, thanks, Alamy. Link to comment Share on other sites More sharing options...
spacecadet Posted December 8, 2016 Share Posted December 8, 2016 It's a stock reply- that's the longest it takes. Those of us on bank transfer usually get it in 4, but there's a holdup this month. It's been 7 days and I still haven't received it, which is a bit strange all things considering PayPal payments are received in seconds. I understand Alamy is a company and it might be making mass payments, but "there's a holdup this month" doesn't inspire much confidence. Anyway, it will be interesting to see when it arrives. I refer only to bank transfer and it's the first delay in years. Link to comment Share on other sites More sharing options...
Scott Mallon Posted December 8, 2016 Share Posted December 8, 2016 Just received. Link to comment Share on other sites More sharing options...
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