Google brings Finally EFT payments for AdSense publishers in India
This is certainly a day of joy for AdSense publishers in India. Google has finally announced that they finally started wire bank transfer or EFT (Electronic Funds Transfer payments) in India for Google Adsense publishers.
In December Google started beta test of the EFT payment service for AdSense publishers in India.
In Forums of Google products and services have made an official announcement about it. For all publishers this option is enabled from the next cycle of their adsense payment and also provide an indication of the change.
However, if some AdSense publishers are anxious, they can begin to receive payments in their accounts of the payment cycle itself by mean of EFT. However, they have to put a hold on their adsense payment before Sunday (16 March) this month to be entitled to the EFT payment.
One important thing that publishers should keep in mind is that EFT payments will carry a small fee (usually Rs 56/ to Rs 110/) . However, during the beta test is to see slightly offset at the best exchange rates of the small fee, you get gravel.
To avail the Adsense EFT payment in India, you need to only put a hold on your adsense payment from Payment Settings in your AdSense account and the option of wired bank transfer or EFT transfer will be appeared with in 3 or 4 days in your payment setting, from there you can add your bank details to get the quick payment from Google Adsense.
For payments by bank transfer, in the picture, publishers now need not to wait for 4-6 weeks for your AdSense checks to arrive. Payment is made directly to the said account to be credited to their AdSense accounts.
Here is the announcement made by Google in Product forums:Hello AdSense publishers in India!We’re excited to let you know that we’ll soon be improving the payments process in India and use a faster, more reliable, and secure alternative to cheque payments. As part of upgrading your account to our new payments system, we are replacing cheque payments with U.S. Dollar international wire transfers. We think you’ll find this to be a major improvement over cheque payments, and we welcome your feedback to let us know how this changes your payment experience. Publishers participating in our recent wire transfer beta testing report minimal fees (typically Rs. 56/- to Rs. 110/-, approximately $0.90 to $1.78) and favorable exchange rates on these transactions. You’ll benefit from receiving these payments in your bank account automatically, saving you from a trip to the bank.I’d like to extend an invitation to anyone who would like to opt-in to wire transfer payments for the upcoming March scheduled payment. If you would like to receive this update on your account now, apply a “self-hold” to your payments. You can find this feature within the “payment settings” options. Over the coming weeks, we’ll be upgrading accounts in India with a payment self-hold to our new payments system. To be eligible for this month’s payment cycle, please make this preference change prior to Sunday, 16 March, 06:00 (AM) IST.After this upgrade, you’ll need to provide wire transfer instructions for your bank account so that we can send your future payments. Be sure to obtain your bank’s specific wire transfer instructions for receiving U.S. Dollar wire transfers from abroad. While you may be able to find information such as your bank’s SWIFT code from an Internet search or members of the forum community, we strongly recommend only using instructions that you receive directly from your bank’s web site or agent as incorrect information could delay your payments. Unlike our old payments system, there is no strict monthly deadline for updating your payment details, so you’ll have plenty of time to complete this step.We want you to receive the most value possible from your AdSense payments. Google pays most fees involved with sending payments by wire transfer and does not charge a fee for this service. Your bank will perform the U.S. Dollar to Indian Rupee currency exchange according to their policies, and it will typically assess a small fee covering the mandatory Service Tax required for currency conversion transactions. We recommend that you check your bank’s fee schedule to understand how it applies fees for receiving foreign wire transfers. We cannot recommend or endorse specific banks, but we suggest sharing wire transfer experiences within the publisher forum community. Sharing the name of the bank you use, fees assessed, and exchange rates received are OK. For your security, please do not post personal details about your bank account, payment amounts, transaction numbers, or other identifying info.We ask that you continue to receive and deposit any outstanding cheque payments, if applicable. Normal 60-day cheque cancellation waiting period policies will apply.We hope to make wire transfer payments fully available to all publishers in India soon. Thank you for your patience and understanding as we continue to improve our payment processes in India and worldwide.Sincerely,The Google AdSense Team