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IStock Worship Image
Credit Value
1 credit = $1
Credits can be used for 365 days from the date of purchase. After 365 days, the credits cannot be used and their value is lost. The Member waives any claims in respect of this time limit.
Purchasing credits
It is necessary to create an account on the Website before credits are purchased.
The minimum credit purchase is 10 credits, the maximum is 1000 credits
Two methods are available to buy credits:
• By credit card (Visa, MasterCard, American Express, Discover) through Paypal
• By Paypal
Every credit purchase is accompanied with an invoice detailing the payment (a number of credits purchased, and date of purchase).
Royalty Free Works
The Corporation offers royalty free Works, meaning the Member may use acquired image as long and as many times as the Member likes within the terms of the license. Royalty free license prohibits use of images for poster resale, mugs, t-shirts, derivative resale objects. Extended license authorizes use of images for poster resale, mugs, t-shirts, derivative resale objects. The Member may set up to 2 prices, 1 for each license.
Price of Works according to licenses and formats
Title
|
Size |
Royalty Free License
|
Extended License |
Small
|
500X750 |
1 credit |
20 credits |
| Medium |
800X1200
|
2 credits
|
40 credits |
| Large |
900X1350 |
4 credits |
80 credits |
| Extra Large |
1200X1800 |
6 credits |
120 credits |
Payment to Members
Licenses & pricing
The Member may choose to sell a Work with the Corporation on an exclusive or non-exclusive basis. Exclusive Sale price depends on the special agreement between 3 parties (contributing Member, The Corporation, buying Member). When the Member chooses to sell an image non-exclusively through Corporation’s Website, the minimum commission earned is 40% of the sales price. The Member may earn additional commission depending on the Member’s rank.
Member ranking
Member’s rank is determined by the total number of Works sold. There are 4 levels that represent Member’s rank and the number of Works sold. The table below outlines each level.
| Number of Works Downloaded |
Level |
Under 100
|
Copper |
Between 100 and 250
|
Bronze |
| Between 250 and 500 |
Silver |
| More than 500 |
Gold |
Prices on non-exclusive basis
Maximum Sale Price
Member Ranking
|
Member
Commission % |
S Standard |
M Standard |
L Standard |
XL Standard |
Vector |
| Copper |
40 |
2 |
3 |
4 |
5 |
7 |
| Bronze |
43 |
2 |
3 |
4 |
5 |
7 |
| Silver |
46 |
2 |
3 |
4 |
5 |
7 |
| Gold |
50 |
2 |
3 |
4 |
5 |
7 |
Method of payment
For each Work sold, the Member is paid a commission in credits defined by preceding paragraphs. The Member can use these credits to purchase photographs or to convert their credits into money. The conversion of credits is done via the use of a free Paypal account
The Member can convert their credits into money which will then be transferred directly into their Paypal . From their Paypal account, the Member can transfer the money into their bank account.
The Corporation charges No Fee for transactions over 50 credits. Transactions less than 50 credits will be a low fixed price of 2 credits whatever the amount of the conversion. Thus you can transfer money as soon as your account contains at least 10 eligible credits. All payments earned are forwarded to your next pay period until you reach the minimum at which point electronic payment occurs automatically. Closing an account before reaching the minimum forfeits all earnings.
Important! For anti-fraud reasons, conversion of Corporation credits through Paypal is not permitted until 45 days after selling your first image.
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