KAZEY JOURNAL

In what I would call, a step to reduce the burden of sending cheques to adsense customers that happen to come from all over the world, google has introduced another adsense income withdrawal option, “The Electronic Funds Transfer“. The Electronic Funds Transfer which is still under Beta stage, would allow adsense customers to be able to withdraw their money to their respective bank accounts in their home countries. Well is this a technique to just plugin the “google purse” unexpectedly? Well who knows, but honestly this is a good move towards satisfying customer needs especially those in third world countries like Africa who face a lot of troubles in getting their cheques cleared. Even I personally, would love to use that feauture rather than waiting for weeks for the cheque to come by and then more weeks before it gets cleared.

But what happened to google purse? Is it still under developement? How soon. Would it be feature packed? I cant wait. But then again I have to :). Lets wait and see.

How do I sign up for Electronic Funds Transfer?

To sign up for Electronic Funds Transfer (EFT), you’ll first need your bank account information, including your account number and, depending on your payment address, your branch number, routing number, or other identifying information. The sign-up wizard will list the required information and includes brief instructions on finding each item.

To sign up for EFT:

1. Sign in to your account at www.google.com/adsense
2. Click My Account
3. Click the edit link adjacent to the Payment Details header
4. Select the Electronic Funds Transfer radio button
5. Click Continue
6. Enter the requested bank account information. Your account page will provide details on what information is required – if you’re unsure, please contact your bank to obtain this information. Click Save Changes
7. At this point, we’ll begin the process of depositing a small test amount into the bank account you specified. Check your bank statements after 4-10 days to find a deposit from ‘Google’ or from ‘BFS’



Once you have the test deposit amount:



1. Click the My Account tab

2. In the Payment Details section, click Verify this account

3. In the box provided, enter the test deposit amount that you received in your bank account

4. Click Next. Once you have entered your test deposit verification amount correctly, your
bank account will be approved and automatically selected as your form of payment

Well visiting the google adsense blog it says and I quote

Bye, bye, beta…
If you’ve logged into your account in the past couple days, you might’ve noticed that Electronic Funds Transfer (EFT for short) is officially out of beta. So what’s changed? Our process for verifying bank account information has improved.

After you submit your bank account information, we will place a small test deposit into your bank account for you to keep. Once you see this test deposit credited to your account, just input the amount of the deposit into your AdSense account to help us verify your bank account information.

Testing your bank account before we make your payments means a greater chance of an error-free deposit. From now on, if you choose to use EFT, you can rest assured that we’re taking the steps to make your payment successful.

We’re excited about this launch and want to thank all of you who took part in our beta testing phase. We appreciate your help.

What does this mean? that it is fully operational now? well Google you really need to remove the beta sign now