The Direct Payment Option

Revenue paid via Paypal at a 3.5 per cent premium

[UKFord]

Anyone think this would work.

A) You can carry on as normal, no probs, hey ho off you go.

B) You can opt for the direct option. Paid say a week after the month total, through paypal (Google can do a deal, corps like deals) at a premium of say 3.5 per cent of the total to be sent (as payment for that option.)

I know I'd be all over it like a bad suit, and Google wouldn't have to say anything about having to delay everything by two weeks cause the US had a day off added to their cheque printer ran out of ink and Billy the Intern got the wrong cartridge at the store "soz about that, punters", or something.

Thoughts?

[Sanenet]

Well, it work for the publishers :)

However, from Googles POV:

- They get to earn the interest on the money sitting in the bank for the 1-8 weeks it takes to cash all the cheques, plus the extra month before they write the cheques. (Before you scoff, how many advertisers? how much per cheque? Even if it's only a measly 2% interest, it all adds up!)

- Cashflow. They are given an extra month, plus the postal/cashing time, in which they have that cash. Since nobody knows about Googles cashflow, this could be important or not.

- Whinging. "Why do I have to pay the 3.5%?" complain the punters. Or, Google takes a 3.5% cut over everything they pay out.

I could go on, but hey. The current systems works in Googles favour, so why change it? Sure, they claim that they will, but still.... I think it could take up to a year (until Google is so cash sufficient they don't need the extra time).

Just my €0.02 ($0.027 - £0.012) ;)

[Blue_Fin]

If Google eventually offers payment by PayPal or direct deposit, they're not going to do it at such a discount.

And whatever issues have caused the delay in the last payment would not have made any difference whatsoever if they offered direct deposit or PayPal because it has nothing to do with the physical issuing of the check.

[Jenstar]

I don't think you will see a company the size of Google pay via PayPal, particularly with the huge number of publishers, and because of the potential for an employee to embezzle this way (with PayPal, there are not security checks etc as there are when it is done via check, or even direct deposit where there are checks and balances in place to prevent fraud.) And just the time involvement for sending payment via PayPal would be immense.

I would be extremely surprised if they offered a PayPal style of payment - unless Google ended up owning the company themselves.

I think the next payment option we see will be payment via direct deposit or possibly payment towards an Adwords account.

[Sanenet]

I concur. Still, I still go with my above argurment, and my personal opinion would be that the next route of payment would be transferrals between Adwords and Adsense. I would go for it, and I think a number of others on this forum would.

[skunker]

Why would Google charge a premium for direct deposit when other companies like Amazon let you use direct deposit for free?

[freitasm]

And then have to pay PayPal fees to transfer from account to bank? Nope, I wouldn't use it. I don't pay anything now to cash my cheque.

[Visit Thailand]

I agree with Jenstar. Google I hope would never deal with a company such as PayPal.

[UKFord]

Looks like a 12 week wait for anything to turn up then! :-/

But I'm new and obviously just following you lot. Thank God for this forum, or I may have lost the plot by now :-)

[KeithDouglas]

I get paid via PayPal from Fastclick. Like clockwork every month. The money goes into a PayPal account and I spend it with a PayPal credit card. Done it this way 20 months or so, never a problem, never a day late.

[amznVibe]

Actually the premium with PayPal would be either 2.2% or 2.9% depending if you had a personal or premium account.

And if it's not clear, the sender doesn't lose that percentage, its the receiver. By the way, payments are realtime, I can literally watch all transactions on my PayPal account as they happen regardless if they are internal transfer or credit card payments.

[onfire]

Not sure what most have against PayPal, i would certainly would sign up for it to be put into my PayPal account.

But I would also give the transfer of Adsense earnings to a Adwords account a try first. I can see this option coming up very soon indeed as Google would be silly not to pick up on this idea, and they are not silly are they?

IMO get ready to see this option very soon.

[bcolflesh]

Not sure what most have against PayPal

paypalsucks.com/

[amznVibe]

Most gripes against PayPal are either very old, or people trying to abuse the system.

It's a perfectly valid, well developed system, and as many people who have plugged their personal & financial info into Amazon's system I don't see what their problem is with PayPal. PayPal is way more secure and flexible than Amazon's network (not to mention the fees are incredibly lower). Their free mastercard debit card is a huge plus for me and my clients and very handy (though now I worry about walmart's anti-mastercard debit card ban).

(and no I don't work for PayPal as some people have questioned with my other pro-PayPal posts, I am just a big fan for PayPal and small businesses)

[freitasm]

I use PayPal in two of my web sites and it's very good. I don't think I'd use another CC payment processor because of fees and complicated procedures to setup. It's that in this specific case I'd pay a company for using it for my payments, and pay PP for its funds transfer - the cost would be too high.