Posts by mitdralla

WebSmacker said

Bedros said
Never remove them, because they produced by sweat and tears. And most importantly, we gave our TIME to produce them, and none can give it back to us.
Old items can also be helpful to get some exposure from the “inside” for authors’ newer items.

I disagree. Old items can make the marketplace seem outdated and drive away customers. If an item hasn’t been bought in a year, it should be removed. Just my opinion though…

I agree 100%.

1. Machine: MBP 15in
2. Operating System: OSX10.8.2
3. Browser: Chrome
4. IDE: PHPStorm
5. SVN: Cornerstone SVN
6. Music: Spotify
7. Graphics: Creative Cloud

I have similar opinions to wickedbroccoli.

This might be helpful: http://themeforest.net/forums/thread/fireworks-vs-photoshop-cs6/62830

fillerspace said

mitdralla said
How can a deposit expire? Would that trigger a refund? It seems like it would have to go back to the user if it was a monetary transaction.

I’m not sure if it is different in Australia where Envato is based, but here in the US, deposits have expiration dates for the same reason gift cards do. It has to do with the accounting method corporations use. The common ones are cash and accrual.

The cash method is used by individuals and small businesses. With this method, revenue is recorded when received, and debts are recorded when paid. This method works best when the sales cycle is short (a locksmith orders $100 in parts for a door and records $100 of debt, and a week later you pay him $200 when he installs it and he records $200 in revenue).

This gets tricky with bigger companies or when the sales cycle is much longer. Imagine that a locksmith gets a contract with a 100 unit apartment to replace locks as people move out. He signs a contract with a lock supplier to purchase 100 door handles in packs of 20 over the next 5 years. In exchange, the apartment building will pay him $200 per door as residents move out. The problem with the cash method is that at any given time his accounting books might show a deficit if you look at them right after he purchased a 20 pack of locks (-$2000) but not many people had moved out.

With the accrual method, you record debts when they are incurred (when you agree to purchase 100 locks, even if you haven’t paid for any yet), and you also record revenue when it is earned (when you sign the contract to install 100 locks, even if you haven’t been paid yet). With gift cards or Envato deposits, the company books the revenue at the time of purchase, but they also record a liability in the same amount, representing your future purchase of that amount of goods or services. So the effect on the balance sheet nets out to 0 (they haven’t made a profit). When you do make a purchase, they can record a purchase and subtract from the debt column, and pay out a commission and subtract from the asset column, and record a profit. If you never make a purchase, however, they can never record that profit. That’s why they set an expiration date on deposits and gift cards, so that there is a fixed date in the future where the books can be settled.

Thank you for this thorough response!

chrisakelley said

mitdralla said
Question about deposits. I made a deposit and purchased something right away, but on my statement it states “Expires 12 Jan 14”.

How can a deposit expire? Would that trigger a refund? It seems like it would have to go back to the user if it was a monetary transaction.

any ideas?

deposits expire after 1 year but if you contact support they’ll extend it

Good to know, thanks!

Question about deposits. I made a deposit and purchased something right away, but on my statement it states “Expires 12 Jan 14”.

How can a deposit expire? Would that trigger a refund? It seems like it would have to go back to the user if it was a monetary transaction.

any ideas?

Usually the dummy images do not come with the file because of copyright. You will need to add in your own.

All the more inspiration to continue in this awesome marketplace and community. Back to coding land

I am so close to black also Keep it up!!!