PIP - Why different times?

[trannack]

I'm curious to know why certain people and/or countries recieve their payment before others. As yet I still have not received payment - although I understand that the UK is having a bank-holiday today. However some people in the UK had their payment last week. What does Google do with all this money over the interim period? I am guessing that they do not have the monies sat in a non-interest paying account - perhaps it is intentional....I would be interested to know from the UK people whether it is Geographical, or bank orientated, or even the amount of money concerned. Personally, I bank with HSBC, and the account is in Cornwall, my revenue is 5 figures in $.

I do not believe there to be any reason for this other than another way of Google earning a bit of extra interest. With the advent of electronic money transfer, there shoud be no reason for people not to get paid at least on the same day, if not in the same hour. Even if different countries were paid on different days I could understand it, but there seems to be no logic in it what-so-ever.

The effect of this delay in payment will probably cost me around $400 - $500 in the change in exchange rate from last week to this week - somewhat gutting!.

[hunderdown]

All large companies delay payments due to suppliers, contractors, service providers. One practical reason is that it takes time for a payment to make its way through their accounting process. As you suggest, another reason is to sit on the money as long as possible.

Google is actually relatively speedy. Amazon, for example, only pays quarterly.

As for why some people get paid before others, they seem to batch the payments. The basis for the batching isn't clear.

[trannack]

Thanks for the reply. I can understand a delay in payment, what I find difficult to understand is why I have not yet received payment, and yet a person/competitor who lives only a short distance from me has had it sitting in a bank account for the past 5 days. I can also understand to a certain extent payment in batches - perhaps country by country, I just find it totally bizarre in a country which is pretty small compared to US, that there can be such big differences in payment times. With the advent of electronic payment methods I cannot understad why this is the case. Surely, in essence, it should just be the click of a button and off the payments go.

[ashii]

We can NOT expect EFT for thosand of publishers the same day.

In most of the cases EFT process involves several banks in chain before it finally hit your account and it involves several manual entries & processing by banks due to International laws & guidlines.

[LifeinAsia]

what I find difficult to understand is why I have not yet received payment, and yet a person/competitor who lives only a short distance from me has had it sitting in a bank account for the past 5 days.

I seriously doubt that batches are organized by such small geographical areas. Most likely, there is some other difference (or differences) between you and your competitor. Did/do you both:
- use the same bank (may sort batches by bank)
- signup right after each other (may sort batches by signup date)
- earn the exact same amounts(may sort batches by payment amounts)
- have nearly identical names(may sort batches alphabetically)
- have the same business type (may sort batches differently by sole proprietor, corporation, etc.)

There are any number of reasons why person A gets paid at a different time from person B. Only Google knows how they sort their batches. And as far as I know, they haven't made that information public. (Why should they?)

All I know is that I got paid on Friday before I saw any PIP messages on Webmaster World. :)

[edited by: LifeinAsia at 4:30 pm (utc) on Aug. 28, 2006]

[jatar_k]

when doing EFT from North America

transactions do need to be batched by geographical area

transactions to different countries all take different amounts of time

as do returns for bad info, so each country is different. It has to do with the rules around EFT for each individual country.

not G's fault just how it is.

I spent three years in online payments and international transfer. :)

I admit I have no idea if they release them over time but even if they sent them all at once they would arrive at all different times. Depending on country and individual bank.