Holding Payments - What happens if banned?

[Idris]

The money I'm getting from Google is fairly small amounts but I could be tempted into using the hold function as the dollar is pretty low (and my payments are converted into British pounds) - holding payments for the near future with the hopes that rates will improve to enable more pounds for the dollars.

I don't expect to have any problems with Google but the steady streams of banned members continues so I was wondering what happens if you are banned with payments being held. Is the money still paid to your or is it lost with the account?

[edited by: Idris at 8:56 am (utc) on April 20, 2007]

[Gian04]

Banned Account = NO payment

[nomis5]

Hi,

Based in the UK I have the same dilemma. But I'm no currency trader and the $ can go up and down, who knows. If I knew which way the $ was going to move in a few months time, I'd give up the webmaster business and make millions as a currency trader.

[Idris]

True. As I understand it the dollar is below average at the moment (Google has it at 2.0078 dollars to a pound at the moment) so it should rise at some point in the future to reach the norm.

Since I'm not expecting the web to become a main income stream at any point in the near future I can feasibly let the money build up in dollars indefinitely and change it once the dollar / pound exchange rate is better.

I guess it doesn't matter if the money is at constant risk if you are suspended. Still some form of US account (or US dollar account) may be an alternative?

[topr8]

nomis5 is correct here.

you are either a webmaster or a currency speculator!

i strongly suggest you take your money and put it in a building society account or a cash isa if you don't actually need it

[Gian04]

You may opt to receive your adsense check in US Dollar, then open a dollar account, in that case, you may choose to withdraw your money once the exchange rate is high.

[malachite]

you are either a webmaster or a currency speculator!

I think these days you have to be both. :)

[MThiessen]

The longer google holds YOUR money, the longer google makes *interest* on that money. The percent interest you get? zero...

[Bddmed]

I only see one valid reason to have Google keeping the money in the account. That is when the amounts are really low and you can't be paid by EFT. If the amounts for inning the money owned to you are exceeding let's say 15% or more it's reasonable to let it in.

If you want to be in the game of trading dollars, take the money as quickly as you can and start trading in whatever *can* make a profit (even if it's buying dollars).

[BigDave]

I only see one valid reason to have Google keeping the money in the account.

I could easily see putting a hold on the November and December payments if there was a sudden jump in income. That way I'd have a whole year to offset it when it comes to the taxman.

[thegreatpretender]

If the amount is really small, It doesn't really excite me to cash it. I had an account with adbrite and I opted to receive check for at least $500. It took a year for me to get the check.

If you are considering it because of the currency exchange, people who responded are correct. It could go both ways, up or down. And if anyone could predict the movement of the currency, then someone has found the holy grail that people on the currency market has been seeking for a long time :)

[alephh]

Since countries and organizations are moving to € instead of $, many finance experts/publications are suggesting that dollar will most likely decline pretty permanently for decades to come since it's losing the global currency position it got in the earlier decades.

Of course on the smaller scale dollar can go up and down - but it's also possible that one morning it's worth bucket of mud (what do you think will happen once billions of dollars are returned to US after euro replaces it worldwide - US will be filled with dollars - and when has overwhelming amount of something increased it's value).

I'm just praying it will be controlled downfall.