Google vs Paypal, round 1

Google seems to have just launched its electronic payment method, targeted for the moment on the AdSense publishers. I wonder if it ever will get “really public” and if it will be used for payments-through mail?

What’s New – September 2005

Electronic Funds Transfer is out of beta

Electronic Funds Transfer is ready for the big-time! We’ve been working hard on our payment system, and with our thanks to the thousands of AdSense publishers who took part in our beta test, we’re now ready to bring EFT out of beta.

Publishers who have already received payments through EFT don’t need to do anything – they can continue to have their payments conveniently deposited directly into their bank accounts.

If you would like to sign up for the first time, you’ll need to enter your bank account information through your AdSense account. We’ll then make a small test deposit into that bank account – once you’ve verified the amount of this test deposit, you’ll be all set up for direct deposit. Please note that, if you signed up during the beta period but didn’t receive a payment, you’ll need to register your bank account again now and complete the verification process.

Remember, there’s no charge to receive your payments through EFT, and your AdSense payments are converted into your local currency before being deposited directly into your bank account. EFT is available to publishers with payment addresses in 16 different countries. So skip the line at the bank, and save on foreign currency check charges, by signing up for EFT today!

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