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Post by grooveduke on Mar 7, 2010 15:50:33 GMT
The way I read the newest communiqueis that they begin payouts on March 15, rather than a new waiting period. Is that the way it looks to everyone else?
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Post by Lucretia on Mar 10, 2010 1:45:29 GMT
Yes that's the way I read it.
Given the information in Gisel De Marco's blog, I'm guessing the slight issue of the old Sellaband bank account no longer being valid has thrown anything involving them paying money up in the air, while they convince someone to let them open a new one.
So here's hoping they haven't lost any e-mails, because I'd estimate there's over 50K in payouts waiting in addition to the money they owe artists.
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thor
Sellaband addict in waiting
Posts: 42
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Post by thor on Mar 10, 2010 3:25:37 GMT
Let it be $100k in payouts. Considering the fact that about $85k have been removed from the Top 100 artists, (as a sum, which might even includes new parts invested), and that there have been some 100s of more artists outside the Top 100 with budget different to $0, and that many "big believers" who requested a refund now were likely to have some $$ in their balance, too.
Maybe time to update the more than $3,000,000 invested on the home page? ;D
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thor
Sellaband addict in waiting
Posts: 42
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Post by thor on Mar 14, 2010 12:25:22 GMT
Hey, it's the 14th, payouts will start tomorrow. I'm curious if this promise will be fulfilled...
UBG wrote: Actually, I'd suggest changing it to not suggest how long the payout might take because some of that process is outside the control of those making the payout and there are always those who will take the wording as some sort of binding contract rather than just trying to be helpful.
Yes, it's totally outside of their control! Especially in this case it was! It can take years! Hmm, wasn't the advantage of using Paypal to have an instant transaction? Maybe Sellaband has a special paypal account ;D Whatever...
Furthermore, I would suggest to never mention a fixed date, nor to promise anything binding! We know how it can end, otherwise: Some impertinent and ignorant believers really took the words 5-7 working days literally, and now they are complaining, and some even announced legal means! Unbelievable.
Why didn't team Sellaband avoid all this simply by using the words "the payouts will be processed very, very soon". People who know Sellaband a bit know what it means, and for the others who don't, they could include a link to the online dictionary Sellabandish -> English! ;D
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fabian
Sellaband addict in waiting
Posts: 8
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Post by fabian on Mar 15, 2010 8:08:18 GMT
So today is the 15th... let's see, if anything happens.
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Post by grooveduke on Mar 15, 2010 14:39:23 GMT
Anybody see anything yet?
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Utterly B Groovy
Somewhat Sellaband addicted
He Moves And He Grooves But He Don't Got Hooves
Posts: 468
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Post by Utterly B Groovy on Mar 15, 2010 15:21:39 GMT
... Yes, it's totally outside of their control! Especially in this case it was! It can take years! ... I'm not sure it ever took years, but payouts have certainly taken longer than would seem reasonable in the past, but they have, AFAIK, always been paid out eventually. LOL: If that is their " fraudulent site" master plan (ie pay back the money eventually) they're not going to get very rich unless they can change it to _ never_ paying back!
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danny
Sellaband addict in waiting
Posts: 42
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Post by danny on Mar 15, 2010 18:49:29 GMT
Well, the first time I requested a payout I heard nothing for 4 weeks and then the amount was back on my balance on the site Second time was a retry of that one while exchanging emails with Chris; that time things went ok
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fabian
Sellaband addict in waiting
Posts: 8
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Post by fabian on Mar 17, 2010 9:22:38 GMT
Today's the 17th... still nothing happened and no official announcement via news or mail yet. Just a hidden comment on one of the older news... is this how to build trust?!?
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danny
Sellaband addict in waiting
Posts: 42
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Post by danny on Mar 17, 2010 11:11:16 GMT
Compared to oSAB it's very clear communication
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fabian
Sellaband addict in waiting
Posts: 8
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Post by fabian on Mar 22, 2010 10:29:02 GMT
Did anyone receive anything yet? After more than 4 weeks my patience is soon over!
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whaley
Somewhat Sellaband addicted
Posts: 265
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Post by whaley on Mar 22, 2010 10:41:37 GMT
nothing, also no reply to my mail yet.
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Post by grooveduke on Mar 24, 2010 12:46:24 GMT
Got the first of my payouts today.
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fabian
Sellaband addict in waiting
Posts: 8
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Post by fabian on Mar 24, 2010 15:58:41 GMT
My money finally arrived on my Paypal account. :-)
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Utterly B Groovy
Somewhat Sellaband addicted
He Moves And He Grooves But He Don't Got Hooves
Posts: 468
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Post by Utterly B Groovy on Mar 25, 2010 16:11:05 GMT
Yep ... me too. Money arrived. Paypal took a cut (as you'd expect).
Happy :-)
UBG
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