| 7:01 pm on Sep 29, 2005 (gmt 0)|
No Europeans or non Americans here?
| 8:05 am on Sep 30, 2005 (gmt 0)|
I live in Australia, I have just set it so they send my check in the AUD currency?
| 8:15 am on Sep 30, 2005 (gmt 0)|
At each EFT, the AdSense page shows me the conversion rate $ to EUR.
The conversion rate is better than at my local bank, so EFT is the better method.
| 8:49 am on Sep 30, 2005 (gmt 0)|
So you would say that the conversion rate is better?
Is there a conversion fee?
Like in Europe, when you change currency, they charge you a fee, and it's pretty high.
Does Adsense charge a fee for conversion?
| 12:36 pm on Sep 30, 2005 (gmt 0)|
Adsense does not charge for conversion and the exchange rates are honest
| 12:43 pm on Sep 30, 2005 (gmt 0)|
EFT is the way to go with Adsense.
Most UK banks will charge a commission fee of around 2.75% to convert your USD checks into Sterling. This is quite frustrating because the charge obviously increases as your commission checks increase. But when you work it out, 2.75% is a pretty small amount to lose if you're dealing with thousands of dollars.
EFT conversion fee is definitely lower than 2.75%.
PayPal currency conversion fee is at 2.5% so a little better.
Also be warned, conversion charges work the other way as well, so if you're paying for advertising in the US using a UK credit card, you'll be charged 2.75% for the conversion again. This is avoidable if you find a credit card that doesn't charge for currency conversion.
Unfortunately, converting foreign currency to Sterling doesn't seem to come without a conversion fee, no matter who you bank with.
| 11:31 pm on Sep 30, 2005 (gmt 0)|
After a lot of investigation, I finally found a bank account (in Europe) where I can exchange EURO<>USD with basically no charge. I can select the amount, the direction of the change and I will be presented a window with BID and ASK quotations. I then have 20 seconds to accept the exchange rate. This is absolutely the best option. My suggestion is to look for those online banks where you can purchase funds and stocks both in EURO and USD. They are likely to offer such an easy option to exchange currencies as this would be the only way for them to be able to sell more products.