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Does anyone else like the old fashioned way, or is everyone going for speed? If everyone changes the method of payment, what will we call the UPS Club - the Five-Figures Club?
Still, it's nice to have a check to look at after a long, hard month continually watching your stats. Also, EFTs sometimes get lost temporarily and you can't track them online.
Anyway, I've been hijacked, so I'll stick to snail mail for now. : (
Here, there is normally a service charge to send and receive an EFT. It usually costs $10 to $40 to send an EFT and $10 to $20 to receive one.
EFTs frequently get lost temporarily, usually because of insufficient beneficiary details. They are, however, always possible to trace. They are sometimes a bit of a hassle, but they are always tracked down eventually.
- no risk of losing that check (no UPS out here, it comes with regular post and that's prone to getting lost without a trace).
- no fee for collecting the US check (for me that was 15 EUR I lost every month)
- direct deposit into my bank account, should get the money a day after it leaves their account
- no risk of losing the money at all (these transfers are reliable, we use them all the time and I personally have never seen a single one go wrong)
All that needs to be seen is what exchange rate google is going to use as now it won't be my bank doing the conversion (or shoul d I wan tto me having a US doallar account and doing it myself); but Google.
I do hope it still money coming from Google, the US company, as otherwise there's potential to be serious VAT trouble down the road (I'd need to charge them VAT if it's not a US company anymore)
And BTW: bank transfers themselves are generally free of charge out here if you know how to get them electronically to your bank (and I'm sure Google can do that).
The funny part is that they seem to be putting up accounts in every country (they didn't want internation bank numbers) wich would mean they have an account in each of these coutries, and which feels a foolish way of doing things, but they'll have their good reason.
I'm not even close to being in the UPS club, but I think I would be afraid to if I was.
"Recently, your AdSense payments were mailed to you via courier (UPS or FedEx). Because of recent 'improvements' we will be mailing your March payment via our new express delivery option in order to provide you with the additional security you are accustomed to for your checks.
Your March payment will therefore be mailed via DHL."
Which is odd, since although We topped the limit in Jan we did NOT in Feb, but will in Mar. Maybe they lowered the bar.
It also mentions there will be NO TRACKING codes for the new check shipping method!
So it looks like it will now have to be called the 'DHL club'.
They also will be CHARGING $25 a month starting April, so it's definitely EFT for me. (BTW if you DO regularly get UPS/DHL checks make SURE you go in and change this on your account, as ours defaulted to it.)
BTW Vec_one: The UPS club on the west coast USA is not all it's cracked up to be. It appears they ship the checks en-mass (by carton, crate or courier?) from Florida on the same day as the rest of the mailed checks, to someplace in central California where they arrive about the same time everyone else has already gotten theirs in the mail, THEN from THERE, in a day or two they turn around and UPS them individually to you. In our case our local UPS SUX! and they even delivered our last one to the wrong address anyway, so it could be an extra week after everyone else gets theirs before you get a UPS check.
seems like its a new profit center for them.
a pro ebayer told me that they go out and get discounted rates on their shipping and then charge posted rates going out the door. this difference forms a significant part of their margin.
IMO the charge is probably to encourage everybody to switch to ETF.
no, in the original post i said that in the context of an ebayer. still, the quoted charge is significantly higher than the rate that they could obtain. in the context of the department concerned, it could be a significant cost abatement contribution for *their* budget center.
what i am pointing out is that they are rendering a service at higher than actual cost if we look only at shipping. if you then add that there is a cost to cutting a cheque manually, that still seems pretty chintzy to me. imho, of course.
FWIW banks tend to be fond of EFT/ACH payments. Much less overhead for them to deal with them.