Jump to content
NW11852

Alamy says 'Paid'. How long until receipt?

Recommended Posts

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.

Share this post


Link to post
Share on other sites

The bank takes a few days to catch up. It will happen; relax.  B)

Share this post


Link to post
Share on other sites

When Alamy say they pay, they do. Check your account again on Wednesday. Don't panic. 

  • Upvote 1

Share this post


Link to post
Share on other sites

....or Thursday. Mine always arrive on the fourth working day of the month.

Edited by spacecadet

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Edited by spacecadet

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Well either way you get a payment every month. Only the first one seems to take longer.

Share this post


Link to post
Share on other sites

Thank you for all of your responses. The payment arrived this morning 4th August.

Share this post


Link to post
Share on other sites

Mines says:
 

Paypal initiated spacer.gif 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?

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.  

Share this post


Link to post
Share on other sites

Just received, thanks, Alamy.

Share this post


Link to post
Share on other sites

 

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.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.