Bet on Google Paying Early in December

Who Knows Your Views

[newborn]

Will Google Pay by the 20th of December this year, where are the speculators?

Give your view! - Also any dibs on a Google Pay check bonus?

[chocorol]

Of course they will pay early in december... the adsense team surely will want to finish all their work in order to have their nice holidays.

Well, at least it was like this the last year as I seem to recall.

BTW, it would be really nice to receive my google gift and my payment together :-D

[greatstart]

They will pay early so everything will be on the books for 2007. This will benefit them for tax purposes.

[dazzlindonna]

I bet no.

2003 and 2004 saw payments happen before Christmas.

2005 and 2006 saw payments happen after Christmas.

I'd say the trend will remain the same - after Christmas.

[JoeS]

They will not pay before the 25th. It would cost them in interest if they paid out early when they can just wait until the end of the month.

[fearlessrick]

They are completely heartless. They will pay after Christmas. Bow down and be thankful for the beneficence of Google.

[newborn]

So guys what about the Google Gift anything forthcoming?

[WiseWebDude]

I am hoping for a $1,000 Google bonus in either my Adsense or Adwords account.

:)

[IanCP]

2003 and 2004 saw payments happen before Christmas.

2005 and 2006 saw payments happen after Christmas

So very true.

Seems they issue payments the last Tuesday of the month which this year happens to be Christmas Day.

Personally, I bet on a repetition of 2005/6 and I don't think it has anything to do with interest.

As a former corporate accountant I can tell you that is given more weight than it deserves by the uninformed.

Of course corporations use the overnight money markets but very rarely at the expense of creditors.

[Roseb44170]

"2003 and 2004 saw payments happen before Christmas.

2005 and 2006 saw payments happen after Christmas

So very true.

Seems they issue payments the last Tuesday of the month which this year happens to be Christmas Day.

Personally, I bet on a repetition of 2005/6 and I don't think it has anything to do with interest.

As a former corporate accountant I can tell you that is given more weight than it deserves by the uninformed.

Of course corporations use the overnight money markets but very rarely at the expense of creditors. "

--------------------------------------------------------------
My 2006 payment during the month of December came BEFORE Christmas. I can't believe that I'm the only one that got that payment before Christmas of 2006! (and in "check" form no less!)

[farmboy]

In 2004, I received payment on the 16th

In 2005, I received payment on the 23rd

In 2006, I received payment on the 27th

FarmBoy

[IanCP]

My 2006 payment during the month of December came BEFORE Christmas. I can't believe that I'm the only one that got that payment before Christmas of 2006! (and in "check" form no less!)

EFT in Australia 29th December which would be 28th in USA

[IanCP]

Seems they issue payments the last Tuesday of the month which this year happens to be Christmas Day.

Perhaps this year it "might" be the second last Tuesday.

[added] Ditto the exact same situation with a firm I work for casually.

[edited by: IanCP at 3:58 am (utc) on Dec. 17, 2007]

[jomaxx]

Are you people living paycheck to paycheck or what? I can't even imagine caring about what specific day I receive the payment.

[farmboy]

I can't even imagine caring about what specific day I receive the payment.

I was thinking of that nice Christmas present I'm going to purchase for you with my November earnings. If I don't get my AdSense payment before Christmas, I might change my mind.

FarmBoy

[dibbern2]

What jomaxx said.

[RonS]

>>As a former corporate accountant I can tell you that is given more weight than it deserves by the uninformed.

>> Of course corporations use the overnight money markets but very rarely at the expense of creditors.
----------------------------------------------------
As a former banker, most of our largest clients took advantage of our liquidity management services in which all of their accounts were swept clean of cash at the end of the night into overnight repos and returned to their accounts in the morning.

Doing anything less would be...

If a corporation in which I was an investor wasn't maximizing their profits by managing their cash flows I would be mad as heck.

IMO Google as a publicly traded company ought to be paying on the last possible day based on their AdSense agreement. The only reason that I can imagine they aren't already doing so is perhaps they want to provide themselves with time to correct any problems in the payment process and stay within the constraints of the agreement.

It's just bizness.

Why they haven't sent me an e-holiday card is a mystery though. :D

[JPcinemamaster]

Hello, my website launched in early 2007 and I haven't made $100 yet :( and I have direct deposit. Will they pay me whatever I acculumated this year?
*Thanks in advance
JP

[OnlyToday]

dibbern2 and jomaxx, tritto. It always feels nice to see the AdSense money safely in the bank, but if it's a week late the only thing I'll miss is that feeling.

[The Contractor]

Will they pay me whatever I acculumated this year?

I would imagine "Yes" as they need to balance their books at years end..

[edited by: The_Contractor at 8:44 pm (utc) on Dec. 18, 2007]

[YesMom]

I would imagine *no* because you have to reach $100 to get your first check, end of year or not. I have at least one friend who waited 1.5 years for her first check.

YM

[iwannano1]

I've put my payment on hold since last month due to reduction in earning. I will get cheque on quarterly basis

[BillyS]

>>As a former corporate accountant I can tell you that is given more weight than it deserves by the uninformed.

A one week delay in payments is worth at least $5 million to Google. As an uninformed person, I'd recommend a delay of a week to help keep my job.

[RonS]

What are your assumptions for the math on that, BillyS?

[jomaxx]

I think he's talking about the effect of Google paying a week early permanently, not just in December. Even if you adjust for that the estimate is still exaggerated, but at least it's 12X closer.

[OnlyToday]

Google has never, to my knowledge, failed to pay on time (according to their TOS). Yet when they are only five days early instead of seven there is this roar of nonsense from the hand-to-mouth crowd.

It doesn't surprise me then that it is worth something to them, perhaps millions, to maintain a few days buffer time to avoid a truly late payment because of some minor glitch. There's that word again.

[OnlyToday]

Google has never, to my knowledge, failed to pay on time (according to their TOS). Yet when they are only five days early instead of seven there is this roar of nonsense from the hand-to-mouth crowd.

It doesn't surprise me then that it is worth something to them, perhaps millions, to maintain a few days buffer time to avoid a truly late payment because of some minor glitch. There's that word again.

added in edit: A late payment, no matter what the cause, would trigger wild liquidity rumors among those who short GOOG and definitely would affect their stock price and market cap. Companies as rich as Google have the luxury of extra time to maintain appearances.

[BillyS]

Googles Q3 revenues = $4,231.35 million / 3 months
= $1,410 per month x 0.4 (predicted share of Adsense Publishers as discussed elsewhere)
= $564 million in payments each month to publishers

$564 million x 4% (Fed Funds overnight rate) = $22.6 million per year
$22.6M / 52 weeks = $0.433M per week in interest
$0.433 x 12 (number of times it happens each year) = $5.2 million

So yes, my assumption was that a week delay each month.

Back on topic, I wouldn't pay early...

[BillyS]

>>Hello, my website launched in early 2007 and I haven't made $100 yet :( and I have direct deposit. Will they pay me whatever I acculumated this year?

No you won't get paid, but Google will recognize their liability in the year it was incurred - even if not paid. Something about the Matching Principle...

[chocorol]

Back on topic, I wouldn't pay early...

However they are paying early this year...

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