Forum Moderators: martinibuster
I understand they have a month to pay.. Just wondering what your thoughts are.. will it be less than 30 days? 15 days?
I am expecting to hear some news about it anyday now.
Even more wonderful for Google, they make 25% or whatever on the turn ;)
And yes, it will be really nice to hold the first Google check. If anything because the logo will look really cool on the corner :D
Suits me. Exchange $ checks to £ can be painful in small amounts...I'm happy waiting ;)
First of all they will need your tax id number, and that has not even been asked from the publishers.
They need your taxpayer ID number only if they're required to file a report with the IRS (which doesn't happen until your earnings are $600 or higher). Apparently they only request taxpayer IDs from Google Answers researchers who've reached the $600 threshold, so I imagine they'll follow the same procedure with AdSense.
Paul
I remember sending the last $ check to my bank, £30 fee and 3 weeks to clear. Maybe someone here exchanges a few of these and knows more about it.
Where there's a will theres a way ;-)
I took a look at [citibank.com...] and apparently Citibank has a deal where the charge is only 20 pounds per month or free if you can keep more than 2,000 pouns with all of your accounts combined.
US$ Current Account
Non-interest bearing account.
A monthly service charge of $20 on each US$ Current Account will be levied where the credit balance, across your UK Citibank relationship, falls below the currency equivalent of £2000. This will be calculated, at the end of the monthly period, by applying the currency exchange rate on that day to the average balances in your UK Citibank accounts. "Sole" and "joint" accounts are viewed as different relationships.
US Dollar payments into a US Dollar Account are free.
... not withstanding that, it may be worth you while calling your own back to see what they charge for a dollar account.
Since the ugly subject of tax has come up, anyone any thoughts on what they are doing about UK residents (or even UK residents claiming to live in the Cayman Islands).
I can see a Mexican standoff with them refusing to release cheques to us unless we supply "a taxpayer ID number" which happily we do not have. I would expect a cheque over their limit for this month.
I can see a Mexican standoff with them refusing to release cheques to us unless we supply "a taxpayer ID number" which happily we do not have. I would expect a cheque over their limit for this month.
Google's a multinational company. I'm sure it can figure out how to deal with partners outside the U.S.
I can see Google doing the same. The form, incidentally, requires that you get a US taxpayer identification number, which is a minor pain to do from overseas, and takes a few weeks to process.
Others may have more expertise on the ins and outs of all that. But as the legislators catch on to the money floating round the net, I expect the big corporations to tighten up on the paperwork aspect.
From a UK viewpoint.
My understanding of a W8Ben form is that it needs to be completed when you are Benificial Owner of a US asset and you receive income from this asset (EG US Shares that pay dividend income)
In the case of holding US shares if you do not complete a W8Ben 30% of tax is withheld - if you do sign a W8Ben then only 15% is withheld - this is due to a income tax treaty agreement between the UK and the States and prevents UK residents being taxed twice - basically by the US and then by the UK when you declare your income.
I would assume that as Adsense publishers UK residents are not a Benificial Owner of a US asset.
This is my understanding from a Stockbroking background, anyone from a tax background know different?
<added>And as Per Europeforvistors - Google is a Multi-National Company and they will have the means to pay oversea clients.</added>
This is where it becomes murky. Say I have a web site aimed at the US market and on a US server, but live in UK (or the Cayman Islands?
Probably nobody quite knows yet, but as others have said, I am sure a boatload of legislation is under way on both sides of the Atlantic - governments do not like the thought of people earning money offshore and shielding themselves from tax!
And yes, on this one I am off to see my accountant, but I suspect that he will not be able to give me a definative answer.
Everyone else getting the same thing?
Is everyone else hearing another nail being driven into competing ad networks coffins?
This is amazing, Google overdelivered from their advertised net 30 terms to an actual net 10+ days.
By the Way, the largest networks out there pay anywhere from net-30 to net-90.
[edited by: loanuniverse at 1:08 am (utc) on July 19, 2003]
I am grateful though as you've said that some ad networks take much longer.
I wish that Google could use other alternative payment vehicle instead of the current check ASAP. Also, it would be great if it could include more details in the payment information, such as accounting cycle, adjustment listing (service charge, corrected CTR, etc.).
Is everyone else hearing another nail being driven into competing ad networks coffins?
I got an e-mail from a certain ad network recently telling me I had to reinstate their ads or they would shut down my account with them. It was nice to tell them to shove the untargetted $.15 CPM ads up their ***.
I know it's not a good idea to burn bridges but this was a pretty cheap bridge to start with.
I get the feeling that people are getting revenues far exceeding what they were getting with existing arrangements.
I guess i would ask myself "Why are the returns so much out of kilter differentially?"
In a free market supply/demand world no ad network is going to provide that much more revenue to publishers than other options over and beyond what it would take publishers to use them as well as the others or maybe even ditch others for them.
Google gives no guarantees on revenue sharing, time-span of the program and can change terms and conditions whenever they want. They can fill your pages with public service ads, only deliver low commission clicks, or whatever they want. A lot depends on how effective content ads are seen to be by Adwords advertisers, who in the end are really the ultimate decision maker. Adsense is only the go-between between advertisers and publishers with ad inventory.
It suits me, but it may not suit others who have various options available or need to budget for ad revenue in the medium to long term with any degree of reliability.
Leave your options open i say, no matter how flirtatious adsense may be with you today. Tomorrow may well be different.
There is only a certain number of content pages devoted to viagra, drugs, data recovery,and gambling that the web can support!
That being said, if AdSense does indeed stabilise and reach critical mass, it may well transform the ad-serving, and to a lesser extent affiliate industry economies. If so, and even if the program changes dramatically in 6 to 12 months they may have changed what publishers, ad/aff networks and advertisers expect to pay/receive, as well as what types of sites can benefit, quite dramatically.
They had it coming and Adsense just put it on the schedule.
re: UK banks charging fees
I have a sterling current account with Citibank and they don't charge me a penny for banking USD cheques. I did consider opening a USD account with them so that I had more control over the exchange rate when I converted, but decided that the $2000 requirement was too onerous. However, I'm very pleased with the exchange rate they use and the fact that there's no charge. My only complaint is that they add the cheque to the account balance immediately, despite the fact that the cheque can take up to 10 days to clear, which makes keeping track of finances a little confusing.
