New payment options

EFT available

[midlifecrisis]

New payment options are available in my account. Besides std. check payment there's also expedited check ($29 fee) and Electronic Fund Transfer (EFT, marked as BETA). Anyone else seen this?

[danny]

No direct deposit in Australia yet, but cheques in Australian dollars are good. That will save me Aus$80/year in processing charges (not $120 because I've been doubling them up with my quarterly Amazon cheques).

[Freedom]

I understand that the EFT will not be available for the next check, but does anyone know when the secured express check service will begin? And will those secured deliveries have tracking numbers we can follow?

[nosense]

ASA:
Can / do we get some kind of email notification when the ETF goes through?
I have become great at stalking the check delivery man, and understand I can check the payment history or my bank account.

But email notification would certainly be a nice feature.

[Monus]

@Freedom: When you are scared that you don't recieve the check, you can also hold the payment for one month on the adsense site under 'My Account'.

[Freedom]

My in-laws haven't received their Jan. check yet. Local postal system is majorly incompetent. I hope Google iniates the secure delivery as soon as possible. Looks like the in-laws will have to have their Jan. check rewritten. I might hold the rewrite check until Google has given the green light for the secured delivery.

[Kolb]

I have a few questions about EFT.

Last month I opened a US$ account with my bank. So I have to relook at a few things

- Are there any fees for EFT?
- Is it possible to not deposit the money in my local currency (Euro)? I want all the money on my US$ account.

Thanks!

[esllou]

for those interested, have heard from the horse's mouth that you must live where your bank account is.

[HarryM]

I live in the UK and am tempted to getting a cheque (check) in GBP. However I assume this will be drawn on a US bank. Does anyone know how long it takes to clear such cheques?

[jomaxx]

If I want to receive my funds in local currency, I may need to change the payee information slightly. It's either that or open up a whole new account just for this check. Anyone asked Google if that will be possible now?

[martingale]

It generally takes 4-5 weeks to clear a cheque when clearing invovles crossing an international border. I don't know about UK-US, but that is the case for Canada-US anyway.

I am going to try EFT->Canada unless I discover that Google's exchange rate is crap. In that case I've got a US account they could EFT into, but like you in that case I'd have to change the name of the payee. The CDN account is held by my business; the US account is in my personal name. It's better for me to have the money deposited into the corporate account; but if came down to it, I could treat the personal account as "in trust" for the corp, I don't use it for anything else.

[Undead Hunter]

I've decided we'll happily sign up for this... once you guys have gots the bugs out of it.

Sorry, but I don't want to wait two months for the next cheque if something goes wrong. Especially when its tax time and we need the cash.

Otherwise, I think its a really great idea and we're looking forward to using it.

[david_uk]

I live in the UK and am tempted to getting a cheque (check) in GBP. However I assume this will be drawn on a US bank. Does anyone know how long it takes to clear such cheques?

I don't know about cheques in Sterling, but it takes NatWest about a week to process US$ cheques, and clear the funds into the account. It's by negotiation. They cleared my first cheque, and that took four weeks! I'm hoping the new system will be a) faster, and b) save me £10.50 per month.

[entropicus]

I wonder if they could pay me in Canadian Tire money?

[HarryM]

Thanks david_uk,

At the moment I too pay in USD cheques. I have an account with Lloyds and it only takes a couple of days if I use "negotiation". But it costs me GBP 5 a cheque.

I'll ask the bank next time I visit.

EFT will be the way to go, but I'll let someone else be the Beta guineapig. :)

[Brett_Tabke]

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