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chrismccoy
says

i never keep money in my account, when i buy something i deposit, and its used right away.

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GravityDept
says

Depending on legal and financial regulation they can’t earn interest. Envato is not a registered bank and to earn interest they must invest it (a savings account is investing and involves risk). Depending on how their merchant accounts and payment processing integrations are setup they may not be able to do this realistically or legally.

On the other hand, Envato probably has a large enough cash reserve to cover all buyer/author balances in the event of a margin call and it may even be required to do so. This differs from country to country.

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maxvarlson
says

That’s how business works! ;)

Hold the money als long as you can and profit from the interest.

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BrownHouseMedia
says

I used to work for an advertising agency that made $40,000 a year by holding their vendor payments 90 days before paying them.

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maxvarlson
says
brownhousemedia said
I used to work for an advertising agency that made $40,000 a year by holding their vendor payments 90 days before paying them.

Wow. Thats a lot of money and it is earned quite easily.

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quickandeasy
says
maxvarlson said
That’s how business works! ;) Hold the money als long as you can and profit from the interest.

“It doesn’t matter if you pay your bills late, so long as you always pay them”

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NuclearThemes
says
quickandeasy said
maxvarlson said
That’s how business works! ;) Hold the money als long as you can and profit from the interest.
“It doesn’t matter if you pay your bills late, so long as you always pay them”

I’m pretty sure a Credit Rating Agency will feel otherwise

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Landonw
says
quickandeasy said
maxvarlson said
That’s how business works! ;) Hold the money als long as you can and profit from the interest.
“It doesn’t matter if you pay your bills late, so long as you always pay them”

Yeah, look at the government for instance. They’re still being given money even though they never pay any back.

premium-theme-park
premium-theme-park Recent Posts Threads Started
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premium-theme-park
says

If you look at the amount of uses and/or authors they have you’ll realize that it takes a lot of effort to do just one payment run, hence why they only do it once a month… It’s more manageable and makes it less likely for something to go wrong…

They are purely keeping order where there is chaos.

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