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wattsy · **Joined**: 25 Aug 2003 **Posts**: 3

Hello Everyone,
Im from Australia and my Question is lets say google sends you a cheque for 100 dollars, obviously this is US Dollars...How Happy are the Banks when you rock up with an oveseas Cheque, are some better than others?

Thanks

Gary Watts

Larry Chamberlain · Posted: Mon Aug 25, 2003 5:04 pm Post subject:

Hi Gary,

It gave me a nasty shock when I took an affiliate cheque (check) in $dollars to the bank. They took a large bite out of it and that did not make me a happy bunny. I guess it would be the same in Australia.

I would think the Affiliate Program Manager who figures a good way to overcome this problem would have a very competitive edge.

But, maybe I'm just being a whinging pom and should be happy to have earned a check. Razz

All the best,
Larry Chamberlain.

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RichardAdams · **Joined**: 10 Jul 2003 **Posts**: 11 **Location**: UK

I've never had a problem cashing $US checks in the UK.

I've found my bank charges a fixed fee to process them, so wherever possible I set the payout limit to several hundred dollars.

That way I receive checks less often, but the bank takes a proportionally smaller chunk.

And don't forget some affiliate programs will pay by Paypal straight into your Paypal account. Allan covered this some time ago in his newsletter so if you're interested search his archives.

All the best,
Richard

dk · Posted: Mon Aug 25, 2003 8:10 pm Post subject: $$$$ Cash $$$$

Hi Gary!
I live in Germany and I never had any problems with my affiliate checks. You should rise the payout amount. My bank charges a fixed fee for the checks I process with them. Also a lot of affiliate merchants now pay your commission via PayPal, which you can use for buying other products or cash them to your bank account with a low fee.
All the best
dk
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Larry Chamberlain · Posted: Mon Aug 25, 2003 8:46 pm Post subject:

Fatman · **Joined**: 25 Aug 2003 **Posts**: 68

Being in the Uk, it can somethims be a pain to get checks (or cheques)cashed.

Most of the affiliates i use can pay vai PayPal SO its not really a problem

That way i can receycle the paypal money on books or advertsiing for my website

fatman
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AllanGardyne · Posted: Tue Aug 26, 2003 2:34 am Post subject:

The Australian banks will take your checks OK and probably charge you a $10 (Australian) fee for each one. They all charge like wounded bulls.

However, remember that everything banks do is negotiable. They won't offer you the best possible deal upfront. Once you've established a decent record with them, start bargaining for lower fees. If they say no, be persistent. Try again in a few months. We've found that one branch of the National Australia Bank gave us a special deal but when we moved to Caloundra the nearest branch wouldn't repeat the offer. So we do our banking through the old branch that looks after us.

One merchant pays directly into my bank account.

In the meantime, concentrate on a small number of good affiliate programs. If you do that, what you pay in bank fees won't bother you at all.
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wattsy · **Joined**: 25 Aug 2003 **Posts**: 3

Thanks for the input everyone,

I think I will be ok with google then as they pay monthly only if the amount is above 100 Bucks US, Im doing well with them so losing 10 bucks of this is ok (100 US works out to be 154 AU). I may have to cull off amazon Im getting clicks to them but no buyers so unless I can get large returns its not worth it, this is a shame as they do have a good product range.

Vrindavan · Posted: Wed Aug 27, 2003 1:46 am Post subject:

i wish pay pal can send the US Money to my bank account as it is -- USD.

No currency exchange !

1. Bad exchange rate

2. I need to use USD
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Timothy Warnock · Posted: Wed Aug 27, 2003 6:01 pm Post subject:

Hello,

I live in Italy, so I too have encountered this problem. The US dollar checks go through ok, but it is expensive - so...

1) As other have said, raise the limit, so your checks are bigger.

2) I have asked Merchant partners to send Euro payments so I don't lose on the exchange - they are relatively small merchants and were willing, but I don't think this will work with big boys like Google, but it is worth keeping in mind (especially if you are a good affiliate Wink

).

In any case, it nevers hurts to ask...
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Vrindavan · Posted: Thu Aug 28, 2003 2:11 am Post subject:

Timothy Warnock:

Guest · Posted: Fri Aug 29, 2003 10:42 am Post subject:

Instead of cashing the cheque , deposit it straight into your bank account.
That's what I do and my bank ( Bank of New Zealand ) doesn't charge any fees !

Or you could open up a foreign currency account ($USD) with your local bank.

kidino

This maybe a little bit out of the topic. Just sharing experience, OK.

I only have CJ right now and with CJ, one of the option is Singapore Dollar and I am from Malaysia. From my experience, it took a week for the cheque to arrive to my place (from your third cheque onwards) and two weeks to clear into my bank account. But I can see that I lose a little bit on the exchange. You see the exchange goes USD -> SGD -> MYR. For that I lose something around MYR 20 (equiv $ 5.00) and then there's also the processing fee and the stamp duty, RM 7.50 (equiv $2.00).

I haven't tried deposting a USD cheque before. Maybe I'll give a try sometime later. I do think that it might take longer and higher fee.
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