As promised in new payout system announcement, for many users, the payout rate will remain the same or at a similar level.
Really?
Let's do simple math.
Beginner - 0 points - 70% rate
Explorer - 100 points - 71% rate
Modeling Enthusiast - 250 points - 71% rate
Ambitious Geek - 500 points - 72% rate
Rising Star - 1,000 points - 72% rate
Polygon Expert - 2,000 points - 73% rate
Talented Maker - 4,000 points - 74% rate
3D Master - 7,000 points - 75% rate
Leading Artist - 11,000 points - 76% rate
Top Designer - 15,000 points - 77% rate
Genius - 20,000 points - 78% rate
Superstar - 30,000 points - 79% rate
Legend - 40,000 points - 80% rate.
Thus, if I am at 3D Master level, it means, that my points are somewhere between 7000-11000, let's say, 8000. Remember that I have 75% rate. That means, that my lifetime sales can't be more than 8000$. If we deduct 8000 by points from likes, models, ratings, and taking into account the royalty percents, it means, that my lifetime sales are significantly less than 5-6000$, so my 12 month income is OBVIOUSLY LESS than 5-6000$, so my rate will become significantly less than 74% after introducing the new system!
This can be counted for all levels. And remember, that the sellers achieved their levels not in 12 months, but in several years being here.
So literally no one will keep his payout rate, besides several sellers which work by companies.
I know that nothing will be changed in their plans, but they must remember, that their forum thread is number 1 by received dislikes in all forum.
Yes, as usual, banal hypocrisy on the part of the company. Cowards as usual are afraid to name the real reason that they just want to make more money on us. I have not published new models for a long time and now I definitely do not intend to do so when my royalty drops by 10-12%
You don't need to be a mathematical genius to understand that their statements are complete bullshit. EVERYONE who is earning less than $40K a year on cgt will have their rates reduced. How many sellers are earning $40K+ here? I bet you don't need too many hands to count them all on fingers.
They are gaslighting and straight up lying. It sadly shows how far the company has gone over the past decade.
Deception and misdirection are the hallmarks of a bad faith actor.
As soon as I read "For many users, the payout rate will remain the same or at a similar level" I knew it wasn't going to be true. Have to love the language of "we are expanding the payout rate range to 60%-85%" when the negative 5% will affect everyone and the positive 5% will affect only a handful.
I'd recommend being transparent about this with your products' price so that buyers can see the ridiculous markup necessary for the creator to make a profit. Damn near tempted to make notes everywhere that if they want a cheaper price, contact and deal directly through PayPal instead.
I hope Fab is prepared for a surge in creators!
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