Cashing Adsense Checks Is Worth Nothing?
Here's an interesting tidbit - Tuomas Rinta was trying to cash in a Google ~AdSense check, and it turns out his bank takes 85 € to turn it into hard currency. With today's exchange rate, that's about USD 107. Therefore, since Google sends your check at every $100, you'll end up with pieces of worthless paper in your hands...
I haven't hit that problem yet - I've had ads on this site for almost a year now, and so far haven't yet hit the first $100. (So as a method to get rich quick, ads on a website are not terribly good.)
Why checks are so expensive then? My guess is that it's because they're not used in this part of the world at all, and therefore handling them is a pain in the butt that the banks just don't want to deal with. No matter what the reason, I would recommend everyone with a Nordea account to put a tick in their "hold the payment" box until Google can do Electronic Fund Transfer to Finland. Unless, of course, you're making significant amounts of money from ~AdSense.
(That, or switch banks. But that's a huge hassle for mere 85€.)
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|"Main_blogentry_270606_1" last changed on 27-Jun-2006 10:19:36 EEST by JanneJalkanen.|