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This 91 message thread spans 4 pages: 91 ( [1] 2 3 4 > >     
Cheque/Checks/ Nov thread
IamWebmaster




msg:1370649
 11:31 am on Nov 8, 2003 (gmt 0)

Dear Fellows!

I have recieved a cheque from google! after recieveing i went to bank, i gived the cheque to the bank manager,, he tell me that we will send this cheque back to google to be apporved from there, so is this right way to get the Cheque Cashed? or any other way is good for Cashing the cheque!

i m here in Pakistan!

 

europeforvisitors




msg:1370650
 12:14 pm on Nov 8, 2003 (gmt 0)

He probably means that the check has to "clear" before he can give you the money.

In other words, after you deposit the check, it has to be returned to Google's bank through normal channels. Google's bank will then look to see that Google has enough money in its account to cover the amount of the check, and you'll be paid.

IamWebmaster




msg:1370651
 1:00 pm on Nov 8, 2003 (gmt 0)

so,
tell me now that what i will do, get the cheque form the bank? or leave the cheque there, or else?

please reply

whizkiddo




msg:1370652
 1:07 pm on Nov 8, 2003 (gmt 0)

well if u take the cheque back...u can keep it as a memo for yourself.

On the other hand if u want to cash it, then its better if u leave it with the manager.

i suggest u goto a Multi national bank such as Citibank if it exists in Pakistan; state banks are likely to take much more time.

tbear




msg:1370653
 1:41 pm on Nov 8, 2003 (gmt 0)

Ask, also, what charges will be made to clear the cheque. Some banks have better arrangements than others for international transactions........
As whizkiddo say's, perhaps you are better off using an American or at least International bank, rather than a local one.

shrirch




msg:1370654
 3:24 pm on Nov 8, 2003 (gmt 0)

Take it to the local citibank and they will do one of two things.

-- Buy the check from you if you have an account with them and its in good standing.

-- Get you to open an account and send the check through the international systems for clearing.

The third option is to go to a money changer. There are several that will buy the check from you. I know there are a couple here in HK who will buy the check from you and write you a local currency check 10 days later.

IamWebmaster




msg:1370655
 4:09 pm on Nov 8, 2003 (gmt 0)

Thanks all of You for Replies!

i just open an Account in United Bank Limited, and now the cheque has been sent! They told me that please allow us 30 days to be send the cheque and get the "Active Cheque" from Google! i will wait for 30 days :(......... alwayz when i recieve cheque from google! and now i cant get the cheque from that Bank, because tommorow is Sunday :( and they have send the cheque to Peshawar, after Recieveing in peshawar then they will send it to New York, (USA).....

Its a very long Procedure!

Essex_boy




msg:1370656
 8:14 pm on Nov 8, 2003 (gmt 0)

Im not on the adsense prgramme, but im surprised that Google cant pay the money directly into the bank for you....

NFFC




msg:1370657
 8:25 pm on Nov 8, 2003 (gmt 0)

>surprised that Google cant pay the money directly into the bank for you

Me too!

It must be cheaper for them and would certainly help out many publishers such as IamWebmaster.

onfire




msg:1370658
 8:51 pm on Nov 8, 2003 (gmt 0)

I think the paying of publishers directly into our bank accounts or via another 3rd party holder like PayPal will come into play, just as soon as they have started and completed this gathering of Tax info.

Jenstar




msg:1370659
 9:00 pm on Nov 8, 2003 (gmt 0)

>surprised that Google cant pay the money directly into the bank for you

They have already said they will be offering more methods of payment for publishers, although I highly doubt they would be sending it through PayPal. I suspect direct deposit will be one way, and perhaps using AdSense payment to fund an AdWords account would be another. We should hopefully see something by the beginning of the new year.

loanuniverse




msg:1370660
 10:13 pm on Nov 8, 2003 (gmt 0)

They have already said they will be offering more methods of payment for publishers....

Makes us full partners Google, instead of a DRIP, how about a Google Earnings Reinvestment Program for publishers. Once you go public, you can let the the publishers get paid in shares once a month.

I am not saying do it now, but you know all of those investment bankers that are drooling after your business. Throw them that idea and ask them if they will manage that program for say five years as an incentive to get the deal. Overhead costs would be low compared to the fees that they will rack on. And while you might not be able to go with the auction IPO that you have thought about, this would also be in the words of Martha Stewart: good thing

Mauricio




msg:1370661
 11:25 pm on Nov 8, 2003 (gmt 0)

>surprised that Google cant pay the money directly into the bank for you
Me too!

We all are surprised. We all are IT workers, some have been born after MS-DOS and PC, and is hard to believe that the most advanced search engine with the most sophisticated advertising program is sending paper cheques by mail across the Atlantic.

... or Google only has an income every time an advertiser receive a mail purchase order?

BlueSky




msg:1370662
 11:32 pm on Nov 8, 2003 (gmt 0)

By sending it via check, it allows them to draw interest on the money that much longer. There's always the chance a certain percentage will not cash their checks.

Besides, Google isn't that large of a company and setting up direct deposit with different banks within and outside the US probably takes quite awhile. Who offers this type of service for every bank?

loanuniverse




msg:1370663
 11:51 pm on Nov 8, 2003 (gmt 0)

Besides, Google isn't that large of a company and setting up direct deposit with different banks within and outside the US probably takes quite awhile. Who offers this type of service for every bank?
Google does not do it. Google's bank does it for them by doing Electronic Funds Transfers {ie: direct deposits}
shrirch




msg:1370664
 11:07 am on Nov 9, 2003 (gmt 0)

International EFT is *expensive*. Would cost the sender about US$10-20 (depending on their arrangements with their bank) and the receiver an additional US$10-20.

Companies like Worldpay (I bet they have a smaller number of users than google publishers) do send the funds via EFT, so its not rocket science. We have had to set our WorldPay limits to pretty high values to keep the transfer charges low in terms of percentages.

Given that Google's banker for Adsense payouts is Citibank, I would not be too surprised if they strike a deal to allow relatively cheaper transfers if the publishers opened an account with Citi in their local countries. But.. that would require some forward thinking on the bank's part.

Finally, if I recall correctly, Citi has controlling interest in a P2P payment system which competes with Paypal. They could use that too if they had some imagination... :) (assuming it still exists).

whizkiddo




msg:1370665
 11:11 am on Nov 9, 2003 (gmt 0)

and I just bypassed Citi in favor of ABN AMRO last month :(

Citi told me that since my business A/c was very low amount for them, I would have no branch access at all. I simply could not bear the thought of being put on wait endlessly to the call center people without any options!

killroy




msg:1370666
 11:39 am on Nov 9, 2003 (gmt 0)

There is no Citi in my country, and I'm sure many others either.

The fact that the check spends about 6 weeks in transit for me, plus the 30 payment goal, multiplied by 100,000 or more si a lot of money made on OUR backs for Google and the banks. Guess what, if it wsas cash instead of a check suddenly EVERYTHING would be REAL fast at the banks to retrieve the money from it's impossibly cashness back into the bosom of the banking systems.

Just grates on my to think how many slimy bankers are wipeing their wallets on my hard work :(

SN

div01




msg:1370667
 3:46 pm on Nov 9, 2003 (gmt 0)

One can always bite the bullet and use a cheque cashing service if available. Cash upfront though they charge fees and usually give crappy exchange rates.

yzaholdings




msg:1370668
 5:15 pm on Nov 9, 2003 (gmt 0)

iamwebmaster, which city are you in?

BlueSky




msg:1370669
 5:20 pm on Nov 9, 2003 (gmt 0)

Google does not do it. Google's bank does it for them by doing Electronic Funds Transfers {ie: direct deposits}

The company would still have to dedicate some manpower towards this like project managers, accountants and/or attorneys to supervise and make decisions. They're not going to allow any bank to go off unsupervised with the amount of money involved here. And, these agreements don't happen overnight unless the bank already has established relationships in place.

whizkiddo




msg:1370670
 6:24 pm on Nov 9, 2003 (gmt 0)

iamwebmaster is based in Pakistan.

Excuse my ignorance but using a service like paypal or direct wire transfer is going to be charged. how much wud these charges be? my bank charges me .25% of the total cheque amount or a minimum of 3$ whichever is higher to get the amount in my account. it takes 3 weeks. i know wire transfer will be much faster but if its more expensive then i dont think much for it, at least postal cheques dont make us liable for added expenditure.

guess G shld just give an option to the webmasters, but as some1 said lots of banks dont have branches in all countries so its difficult for wire transfers. In fact paypal itself allows withdrawal of money only to bank accounts in certain countries.

onfire




msg:1370671
 2:03 pm on Nov 3, 2003 (gmt 0)

Hey my first cheque arrived today in record time. post dated 29th Oct and Arrived Monday 3rd Nov here in Germany.

(Think it may have even been here on Sat 1st Nov as it was a Public Holiday in Germany so no post that day.)

div01




msg:1370672
 2:04 pm on Nov 3, 2003 (gmt 0)

Good stuff.

zoltan




msg:1370673
 3:26 pm on Nov 3, 2003 (gmt 0)

Hey, I'm also in Europe, hope to get the check very soon... :)

Mario




msg:1370674
 4:22 pm on Nov 3, 2003 (gmt 0)

Arrived today in Dublin too!

dazzlindonna




msg:1370675
 4:50 pm on Nov 3, 2003 (gmt 0)

Arrived today in Louisiana, USA! My first check. Sooo sweet!

loanuniverse




msg:1370676
 4:51 pm on Nov 3, 2003 (gmt 0)

Arrived today in Louisiana, USA! My first check. Sooo sweet!

You know you are supposed to buy us drinks with the first check. right?

dazzlindonna




msg:1370677
 5:39 pm on Nov 3, 2003 (gmt 0)

c'mon down! would love to celebrate with you! :-)

Zygoot




msg:1370678
 6:57 pm on Nov 3, 2003 (gmt 0)

Check arrived here too today and it is dated 10-29-03.
I live in Belgium.

This 91 message thread spans 4 pages: 91 ( [1] 2 3 4 > >
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