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Running out of Credit Card Limit to Pay for Adwords
ideaguru




msg:1121301
 1:57 pm on Mar 31, 2004 (gmt 0)

Here's the situation - My Adwords costs are far beyond that of my credit card limits. I already have many credit cards. Does anyone have any suggestions on other methods I can pay Adwords or how I can get unlimited credit cards? (I live in Canada)

It's VERY annoying to have my Adwords campaigns stopped because the payment didn't go through, have to change credit cards on the system, and then do it all over again once the limit runs out.

I have already tried to get Adwords to invoice me, but they were unwilling to offer me invoicing since i'm not a registered company with a 2-year track record.

I was actualy thinking about using my network to find referred companies whom I can "rent" unlimited credit cards from...not sure if a company would actually allow this though.

As a side note, Google Adwords has also told me I can't use Adsense revenue to pay for Adwords, even if I ask them to do this manually.

Thanks for your suggestions, if any?

 

eWhisper




msg:1121302
 2:01 pm on Mar 31, 2004 (gmt 0)

If the problem is that you have the money in the bank, but don't have the credit line - use a debit card.

This pulls money straight from a bank account, so there is no limit involved other than what you actually have in that specific account.

ideaguru




msg:1121303
 2:02 pm on Mar 31, 2004 (gmt 0)

how do you pay for Adwords using a debit card?

I didn't know this was possible?

eWhisper




msg:1121304
 2:11 pm on Mar 31, 2004 (gmt 0)

a debit card works the same way as a credit card.

make sure your bank issues debit cards with the visa, mastercard, etc logo on it - which I think most banks do.

then just use the debit card the same as a credit card - put the info into G and it'll process it.

ideaguru




msg:1121305
 2:14 pm on Mar 31, 2004 (gmt 0)

i'm going to try that now and see if it works...

If this does...oh my..i will be the happiest internet marketer in the world! :)

Better question :: Why didn't the many Google reps I have been speaking with offer debit card as a suggestion?

I've been speaking with them for months about this...argh!

shman




msg:1121306
 2:31 pm on Mar 31, 2004 (gmt 0)

I did contact them about this a few months ago with reference to their help page https://adwords.google.com/select/pricing.html#credit. My billing was not $7500 so I did not pursue it further.
Did you also check American Express , I believe they have products that have no credit limit but you must pay the entire amount when you get the bill.

ideaguru




msg:1121307
 2:38 pm on Mar 31, 2004 (gmt 0)

shman - unfortunately i have tried the Adwords $7500 invoicing limit thing to no avail, as you have to be a registered business for them to consider you.

Also, American Express' supposed no-credit limit cards do in fact have a credit limit. I found this out the hard way through trial and error. I just got a no limit card in february, started using it and then after it hit about $10,000 they stopped allowing the payments. They stated, upon multiple conversations, that the average account balance in your account is halved to determine your credit limit.

Therefore if you have $30,000 average account balance, your credit limit is about $15,000.

Now, if you account with AMEX is new, then automatically your limit will be within $8-10k. Very annoying.

What have I learned from this entire process :: It takes more than money to make money. It takes time, credit history, contacts at banks and credit card companies, and even more time!

skibum




msg:1121308
 3:10 pm on Mar 31, 2004 (gmt 0)

I was having the same problem. If the credit card company offers online account access you can always make a payment or two mid-month to keep from going over the limit. You can also send the credit card company more than you owe at the time of billing to in effect "up" your credit limit.

ideaguru




msg:1121309
 5:49 pm on Mar 31, 2004 (gmt 0)

i'm referring to "bank account balance" in two message above....AMEX actually corresponds with a bank location of your choice, they fax a sheet to them to be filled out....

Travel




msg:1121310
 6:49 pm on Mar 31, 2004 (gmt 0)

A debit card should take care of it- a second option would be a credit card that allows you to pay often and with direct deposit- you may have monthly limit of x- but by paying it every week, it becomes a weekly limit.

RobinC




msg:1121311
 7:11 pm on Mar 31, 2004 (gmt 0)

One thing I tend to do with my CC - overpay, so the balance is positive instead of negative, when I know I'm about to make a large purchase (that would otherwise be over m credit limit).

Don't know if you're able to do this on any of your credit cards - but online banking is a great boon if you can as you can check your balance daily (or however often) and just top up as needed, then once you know how things are going, just set it up to automatically transfer **** daily...

There's no need to wait for the CC bill to pay it ;-)

Robin

Chicken Juggler




msg:1121312
 7:20 pm on Mar 31, 2004 (gmt 0)

Even a debit card has a limit. I had one from BofA and it had a $5000 a day limit no matter how much money you had.

I ran a business off of a credit card once. I just paid it off several times a month. Just send a payment to your credit card company every few days.

AdWordsAdvisor




msg:1121313
 8:07 pm on Mar 31, 2004 (gmt 0)

If the problem is that you have the money in the bank, but don't have the credit line - use a debit card.

...Why didn't the many Google reps I have been speaking with offer debit card as a suggestion?

Good point, ideaguru. I've just alerted every single advertiser support person to be sure to suggest this option, next time they field the question.

And thanks eWhisper, for bringing up the solution.

;)

AWA

digitalv




msg:1121314
 8:15 pm on Mar 31, 2004 (gmt 0)

If the amount of money you spend on AdWords justifies it (plus if your credit is good enough) Google will actually invoice you instead of whacking your credit card every time you run out of money.

I usually spend about $10,000 - $12,000 a month on AdWords. They basically gave me a credit line for $20,000 (they hold the money) and my AdWords usage deducts from that balance. Every month I have to pay the invoice for the loan, which replenishes the amount available.

Call your AdWords sales rep and ask about it. They don't do it for everyone, you have to spend a certain amount of money with them (plus be an established customer for a while). Before I did that, the credit card I was using only had a $15,000 limit so I had to make sure I didn't spend anything else on that card and make sure that the bill was paid EARLY every month (since the AdWords billing cycle wasn't in sync with when I received my card statement) to make sure there was always money available, and it was a real pain in the butt to keep up with.

Doing it using their credit line solved my problem. It's a lot easier to just write a check to Google every month when that invoice comes in.

ideaguru




msg:1121315
 8:30 pm on Mar 31, 2004 (gmt 0)

now, what happens if you want to spend $100,000 on Adwords per month? What about $200,000?

For some reason, Google does not give invoicing to users who don't have a registered business. In addition, even if they did, it's very difficult to get a $200,000 credit limit...

There has to be another solution out there?

I already pay off my credit cards every few days, and it's very annoying to do this if i'm travelling.

digitalv




msg:1121316
 8:57 pm on Mar 31, 2004 (gmt 0)

If you're spending that much per month wouldn't it make sense to HAVE a registered business? I mean heck the write-off's you would be entitled to alone would justify it.

I can't really answer your question since I don't spend that much & it hasn't come up. It would be worth a phone call to ask them though.

Another solution would be to do it through American Express. I don't know what their limits are for personal accounts, but I often spend more than $75,000 a month on my Corporate Amex and pay it off every month. I've had that card for about two years though. You can always ask them to extend the cap, if your credit is good enough and you have a good payment history with them. That would also solve the problem.

webdiversity




msg:1121317
 9:04 pm on Mar 31, 2004 (gmt 0)

The debit card facility can cause problems with the low thresholds that Adwords have for transaction levels.

It probably will mean you'll end up tripping the fraud control mechanism at your bank several times a month and then have to confirm details before the account goes back online.

Escrow account?

Shak




msg:1121318
 9:12 pm on Mar 31, 2004 (gmt 0)

maybe I am missing the obvious here.

why not use a PPC bid manager who has the account facility in place.

if you are spending those sort of figures, then, anything is possible

Shak

ideaguru




msg:1121319
 10:42 pm on Mar 31, 2004 (gmt 0)

now THAT is a great idea...using a bid manager..

didn't think about that...which one's are good to use?

As for getting a $75,000 cap from an AMEX corporate card...i don't know how you got so much? they just gave me $10,000 and i've been with them for over a year.

Chicken Juggler




msg:1121320
 12:47 am on Apr 1, 2004 (gmt 0)

Get a platinum AMEX I can go buy $300,000 car if I want to on mine.

digitalv




msg:1121321
 5:12 am on Apr 1, 2004 (gmt 0)

$75,000 isn't the cap ... was just saying I frequently SPEND that much on it in a month. The cap will be relative to how much your business makes and your personal credit score/personal income.

If your credit score and income justifies a 100k limit, then ask them to increase it. If it doesn't, don't bother.

Also if you accept the American Express card (allowing customers to pay), let them know that as it will have some weight. The volume you do in Amex transactions can help increase your limit on a card for that same company.

Sanenet




msg:1121322
 6:02 pm on Apr 1, 2004 (gmt 0)

The problem for me is slightly different - my debit card has a DAILY spend limit on it. So, when G tries to charge my card, and it's higher than the daily limit... how can you break down the charge?

digitalv




msg:1121323
 6:13 pm on Apr 1, 2004 (gmt 0)

Call your bank and ask them to increase it and explain the situation.

I remember once a few years ago I had exceeded my debit card's daily limit over a long weekend and on Sunday one of my tires blew. When I tried to pay for the new tire, it was declined even though there was plenty of money in there. I called the bank and explained the situation and they increased the limit and let the charge go through.

I don't know if that was a temporary increase or a permanent one since the situation has never come up again, but I do know that on my business debit card (Visa Check-card for a business bank account) I was able to have them increase the daily limit from $600 to $2,000 because of how often I used the card.

Call the number on the back of your card or go to a branch and ask. Banks make money every time you use your visa-logo card, so they'll probably want to help you use it more :) The limits are for security incase someone snags your card they can't go crazy before you figure it out and shut it off, not to restrict your ability to buy stuff.

[edited by: digitalv at 6:15 pm (utc) on April 1, 2004]

eWhisper




msg:1121324
 6:14 pm on Apr 1, 2004 (gmt 0)

The problem for me is slightly different - my debit card has a DAILY spend limit on it

Talk to your bank, or choose a different one. I had this problem with one client, and the bank recogonized the issue, and changed it so that the charges from OV & G did not count against the daily spending limit.

Sanenet




msg:1121325
 6:17 pm on Apr 1, 2004 (gmt 0)

Here in Spain the banks issue a dodgy "Mastercard / Maestro" debit card with really crummy daily limits on them. I've actually managed to get them to agree to rise the daily limit on the card - only to lose the dam*ed thing the next week :(

The new one, of course, had the usual 300 daily limit on it.

ddent




msg:1121326
 9:16 pm on Apr 3, 2004 (gmt 0)

For the thread started, I am relatively sure that no one in Canada is issuing the kinds of debit cards people are discussing here. Interac is too entrenched, and the merchants would never go for the % fees associated with a Visa/MC logo. I hear there is a debit mastercard for people with poor credit who can't get a normal one, but if you already have a credit card, that doesn't really apply to you.

The best suggestion I have seen that is applicable for canucks is to pay more than the amount you owe to your CC company so that you have a credit on your account.

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