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Google has to pay interest for adsense payments
jcmiras




msg:1390697
 7:03 am on Aug 5, 2005 (gmt 0)

I think Google has also to pay the interest accumulated due to the delay in payments. It takes an average of 3 months before we actually get our payments. For example, your earnings in June will take one month of processing, one month before you receive your payment, and another one month for clearing. I think Google also earn a lot from this and they must share that to us.

 

Sootah




msg:1390698
 7:08 am on Aug 5, 2005 (gmt 0)

I'd doubt they earn anything from the delay. Besides, I get my payment on the 28th of every month for the one preceding it.

If you're in a far off country, I imagine the situation is different, of course, but I can't see how Google profits from the delay.

They will never pay us interest. Ever.

jetteroheller




msg:1390699
 7:18 am on Aug 5, 2005 (gmt 0)

Ask Your local bank for the delay.

In the time with the checks, I received the check early next month and was able to use the month around 7 or 8 day of the month.

Now with EFT, I have all my earnings on 29..31 or at last on 1..2 of the next month.

mikeh100




msg:1390700
 7:32 am on Aug 5, 2005 (gmt 0)

Novel idea.

Won't happen in a billion years though.

Clearance times is not the fault of Google. Try the express post option if your checks are taking a long time to reach you.

2fast




msg:1390701
 7:37 am on Aug 5, 2005 (gmt 0)

Google will have a good cash flow when they delay payments. It is wise for them to use checks when sending payments for the most countries outside US, which would take longer time for clearance and cost effective. Until clearance of the checks, Google will have the money in their bank account and accumulate interests for the account balance or re-invest ect. Google need not to pay any interests for AdSensers, because we have agreed all that at the point of accepting the Google's TOS.
Even by EFT they delay a month.

Most companies are like that, so not to worry.
Receivables - collect as soon as possible.
Payments - pay as late as possible.

Paris




msg:1390702
 11:38 am on Aug 5, 2005 (gmt 0)

Good luck in getting Google to tack interest to the AdWords advertisers.

"Ummm, we ran your $0.05 ad 3 1/2 weeks ago, you now owe us $0.052."

In other words, it will never happen. Cash flow is all about A/P and A/R and understanding the joy of the float that lies between.

PCInk




msg:1390703
 11:51 am on Aug 5, 2005 (gmt 0)

Google don't bill the advertisers until AFTER the adverts have been shown (sometimes it can be a month AFTER). The advertiser has the money, not Google. Your earnings in June may not be paid by the advertiser until the end of July.

"one month before you receive your payment"
Probably to help guard against chargebacks on credit cards and for spotting click fraud patterns - BEFORE they pay you.

Then there is the banks clearing schedules.

bird




msg:1390704
 12:08 pm on Aug 5, 2005 (gmt 0)

I think Google has also to pay the interest accumulated due to the delay in payments.

On what grounds?

The contract between Google and the publisher clearly states that payments will be sent up to 30 days after the month where they have been earned. The same contract doesn't mention any interests due to this delay, so none will be paid.

If it takes you longer than that to actually receive your money, then this is the consequence of slow international transaction procedures. Google has no way to influence those, which means they can't be held liable for any extended delays you see either.

The only situation where you might have any recourse (at least theoretically) is when they happen to fail to send the money within 30 days.

Edge




msg:1390705
 12:22 pm on Aug 5, 2005 (gmt 0)

GG is probably earning some interest on an average balance, however I doubt they are earning much in terms of percentage. Our TOS clearly indicates how we are to be paid. I do understand how one could view late payments as unacceptable. I do on-site training for companies, and normally I include on my training contract late fees as applicable.

In all fairness, I find GG to be very responsible and reasonable regarding payments. I've been told by customers that they where going to be late, and "thats the way it is". As it turned out, they where right, as they where not late enough and the late fees where not significant enough to pursue them by alternate means.

BTW I was researching mutual funds the other day, and noticed GG was a principal holder of either Contra or Magellen fund.

Zygoot




msg:1390706
 12:54 pm on Aug 5, 2005 (gmt 0)

Nice idea, but why should they.

Do you also ask for interest when you are employed by a company which pays you at the end of each month?

Also Google's payments are pretty quick compared to other online advertising programs. Amazon's payments for instance are much much worse. They only pay you on a quarterly base.

morpheus83




msg:1390707
 1:10 pm on Aug 5, 2005 (gmt 0)

Why dont you request the check in your local currency? Or ask the check the to be delivered via UPS for an extra $ 25.

ashii




msg:1390708
 3:01 pm on Aug 5, 2005 (gmt 0)

But G can certainly improve their cycle.
Instead of starting the payment process on 22nd or 23rd they can start on 10th.
This way all will recive the payments by 20th.

This can be achievable if they improve by 1-2 day each month now,so by the time Yahoo launches their network ,G have something strong to Fight.

alika




msg:1390709
 3:11 pm on Aug 5, 2005 (gmt 0)

Ashii ... you obviously hasn't been around online advertising for long. Google is one of the best payers around in terms of payout periods. One ad network company - BurstMedia pays net 90 days!

david_uk




msg:1390710
 3:27 pm on Aug 5, 2005 (gmt 0)

Adsense pays up promptly, and when they say they will. Any delay due to international cheque clearance times etc. isn't Google's fault, or problem.

If you don't like adsense, simply remove the code from your sites and cease to be a part of it.

Quit whining, and enjoy the most profitable way of monetising websites available to most webmasters.

Dantol




msg:1390711
 3:31 pm on Aug 5, 2005 (gmt 0)

I'd doubt they earn anything from the delay. Besides, I get my payment on the 28th of every month for the one preceding it.

Me too, but maybe that guy is not on EFT.

Jenstar




msg:1390712
 3:40 pm on Aug 5, 2005 (gmt 0)

Google can't control how long the mail service takes to deliver your check. Google can't control how long your bank holds funds for. Why should they pay interest for something that is entirely out of their control?

jomaxx




msg:1390713
 3:44 pm on Aug 5, 2005 (gmt 0)

You enter into this deal freely -- quite a lucrative one for most people -- and then decide you're hard done by and start demanding more money? Who do you think you are, a professional athlete?

jcmiras




msg:1390714
 3:50 pm on Aug 5, 2005 (gmt 0)

Opps.. sorry about that. Don`t take it personally. I`m just imagining the big bulk of money that Google holds for a particular month and the interest that it incure. And I have no hard feelings about that. It just keep playing in my mind. It was just a particular instance in my payment process that take more or less 3 months before it was totally cleared.

winglian




msg:1390715
 3:58 pm on Aug 5, 2005 (gmt 0)

micropayments! the answer to all our problems... google charges adwords in real time and pays us in real time! ooh! wouldn't that be fun! solves everyone's problems.... even better, a google debit card! you can spend it wherever google is accepted and is deducted straight from your google adsense balance :-)

ashii




msg:1390716
 4:12 pm on Aug 5, 2005 (gmt 0)

David_UK
If you don't like adsense, simply remove the code from your sites and cease to be a part of it.

We are all here because we use & love google adsense.

david_uk




msg:1390717
 4:23 pm on Aug 5, 2005 (gmt 0)

Oh yes - I'm a big fan! Just returned from a family holiday in Crete on the proceeds of Adsense earnings, and going away end of next week to Wales for another family holiday. Two holidays that would never have happened otherwise. Even my kids love Google - or the money at any rate.

Google isn't perfect, and there will always be ways that they can improve. It's been my experience here that they do listen, and they do implement good ideas.

My point is that it seems such a silly thing to moan about, and I think the OP sees this too.

alika




msg:1390718
 4:27 pm on Aug 5, 2005 (gmt 0)

Thank your lucky stars that Google is paying you within 30 days. Yahoo's YPN is 45 days (at least the beta program). FORTY FIVE days, people!

jomaxx




msg:1390719
 4:29 pm on Aug 5, 2005 (gmt 0)

I think the thread would have gone better if the title had read "should pay" instead of "has to pay". With interest rates at only 1 or 2 percent, it's just too trivial an issue to get that worked up over.

guru5571




msg:1390720
 4:49 pm on Aug 5, 2005 (gmt 0)

Sootah has a lot to learn about corporate accounting. You better believe G makes money on each day they withold payment.

You don't make payment until the latest that you have to. You only make early payment if there is incentive to do so (i.e. discount).

I haven't received a payment yet, still waiting on PIN. G wrote the terms of our contract and we agreed. I don't think there is anything about late payment penalties. And from what I hear, they send payment within a reasonable amount of time and in general you wouldn't expect interest on these types of payments.

ashii




msg:1390721
 5:44 am on Aug 6, 2005 (gmt 0)

In addition to delay they are paying very less to international publishers when converting to local currencies.
its less by 0.30% compare to banks.

aeiouy




msg:1390722
 5:47 am on Aug 6, 2005 (gmt 0)

Remember that in this relationship google is the customer, not you.

Just because they have the advantage in terms of negotiation, doesn't mean they are still not the customer.

You are free not to accept their terms and look for customers who will accept your terms.

Although you might need some good luck with that.

Visi




msg:1390723
 2:27 pm on Aug 6, 2005 (gmt 0)

The interesting point to this thread is those publishers that do not reach the payment threshhold. That is where all ad retailers and affiliate marketers make the interest money, not in the month to month processing timeframes. Should payments that are not made have interest calculated on them...perhaps but not the way the current business models are set up. Google actually turns in more than sufficient timeframes and are on time each and every month with the payments. If only all of our business partners were this reliable.

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