Posts by vaisnava

214 posts
  • Has been part of the Envato Community for over 6 years
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vaisnava says

Okay, so I am confused.

What exactly will Envato report in my earnings to the IRS?

Will it only be what I receive in my PayPal withdrawal or will it also include the “author fee” that Envato charges me?

Please be clear.

If I sell a product and only pocket $10 after all the fees, will the IRS see that I earned $10, or $10+ the author fee which Envato subtracted?

I mean it seems that I should only be charged taxes on the earnings represented in my monthly statements… Not including the author fee Envato charges that I don’t actually receive.

I have been reading some mixed forum posts and would love to know the facts from an Envato staff. Please be clear. Thank you. :)

214 posts
  • Has been part of the Envato Community for over 6 years
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
  • Had an item featured in an Envato Bundle
+4 more
vaisnava says

Reaper!

214 posts
  • Has been part of the Envato Community for over 6 years
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vaisnava says

KingDog,

Why doesn’t Envato just ban PayPal payments? Just require actual credit/debit cards and something else? I realize PayPal is popular, but if there are a lot of fraudulent things happening, it might be best to just avoid it all together. :)

214 posts
  • Has been part of the Envato Community for over 6 years
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
  • Had an item featured in an Envato Bundle
+4 more
vaisnava says

From my understanding though… Envato or AJ cannot argue with PayPal when they come with a fraud charge and must reimburse PayPal or the person receiving the fraud. In the beginning Envato used to take the hit and swallow the charge back internally, but now they have decided to pass and externalize that loss back onto the AJ Author themselves… in order to maintain and their own profits.

It seems that limiting payments to only Credit Cards or something else other than PayPal might help clear this “PayPal” faud charge-back thing. However, I have no idea and I am only speculating and throwing out ideas/thoughts.

214 posts
  • Has been part of the Envato Community for over 6 years
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
  • Had an item featured in an Envato Bundle
+4 more
vaisnava says

Looks like this place is collapsing… Paybacks, another big bundle… Our sales being revoked… Pretty soon our debts will excede our sales. :P

Come on Envato what is going on?

214 posts
  • Has been part of the Envato Community for over 6 years
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
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vaisnava says

I guess it depends on what you mean by “play”. I play with all my instruments, but I hardly know how to play them. But I am certainly playing with them. :P

214 posts
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  • Has sold $40,000+ on Envato Market
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vaisnava says

I just hope it will be more than the last… :)

214 posts
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vaisnava says

This is my personal opinion, but I think the speakers matter less than your room, familiarity with the speakers, knowledge, etc. You are going to have to compensate in nearly all imperfect situations. So if they have low distortion, decent power, price, frequency range I am sure they would be fine as long as you learn them, figure out their strengths and weaknesses, while also addressing those issues of your own (ears, room, etc).

Just my thoughts, but I am not “pro” and my studio isn’t anything you couldn’t buy off the shelf at RadioShack or Walmart.

214 posts
  • Has been part of the Envato Community for over 6 years
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
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vaisnava says

It seems to me that a “monetized” video should require an Extended License… Since you are making money off of it. I could be wrong, but this seems fair and correct, because in some way it has been commercialized (pun intended).

214 posts
  • Has been part of the Envato Community for over 6 years
  • Has referred 10+ members
  • Has sold $40,000+ on Envato Market
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vaisnava says

True… Hmmm :(

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