RE:RE:RE:31.6%Gross Merchant Volume (GMV) represent the invoices processed with UI payment system. So if a photographers uses UI payment system the photographers invoice will be calculated in the Gross Merchant Volume statistics. If a photographers does not use UI payment system but does use UI's software it will not show up in the GMV.
The invoice will include a photographer hourly fees and charges for the use of UI's software. A photographer might charge $250 for a house plus UI's software ($40) and might charge $1,000 for an industrial building plus UI's software ($40). So it is difficult to draw any direct coloration between GMV and UI's revenues. Licensing contracts will not show up in GMV.