Guest post from our reader Artem, on how to withdraw money to an earning blogger in Ukraine. It's about making money on Youtube and Adsense and withdrawing money through Epayservices. I already considered something similar in my article about withdrawal of income through Epayments, only it was about Russia.
I decided to write about what remains “behind the scenes”, but it may still be of interest to novice bloggers or those who are looking at this type of earnings. It will be about how to withdraw the earned money and what difficulties you will most likely have to face while doing this..
Initially, I just wrote articles on a site dedicated to Apple. I treated this as a hobby in my free time. I really wanted to share my experience and observations with others. Of course, this brought a small financial benefit, which was enough to pay for the Internet, mobile, etc. For two years of writing manuals and reviews, I gained a lot of experience and decided to start filming videos on youtube, supplementing my articles with them..
For more than a year now, I have been running a Youtube channel with 4000 subscribers and 5000 views per day. From the first month I did all the procedures necessary for monetization and cents started to accumulate on the virtual account. As you understand, we will talk exclusively about making money on YouTube, with the withdrawal of funds through ADSense. Of course, in the first months, the income was generally penny. After about 7-8 months, my savings exceeded the payment limit for the first time, and I was impatiently waiting for the coveted check.
The content of the article
- one Adsense Checks
- 2 Withdrawal via Epayservices
- 3 Personal experience of using Epayservices
- 4 Cash losses during withdrawal
- five Time loss during withdrawal
Adsense Checks
For residents of the CIS countries, it is possible to receive a payment after receiving a letter with a check by mail (not e-mail) and cash it. At the moment, I have already received two envelopes from Google and I can say that the European and Ukrainian mail is working fine, despite the general prejudices. Letters from Ireland (it is from the Edinburgh office that Ukrainians are sent checks) reach an average of 10 calendar days. Although Google claims a 14-day minimum.
Withdrawal via Epayservices
It is not very easy to cash such checks in Ukraine, and in other CIS countries. As in the USA or Canada, they cannot be brought to any bank and receive the cherished dollars, well, or their equivalent in national currency. We have to contact the appropriate organizations. After a lot of searching and comparisons, I decided to trust http://Epayservices.com/.
The procedure is as follows:
- Register in the service
- Sign checks in a certain way
- Scan them on both sides and send the scan by email
- After confirmation, send the original by mail or courier service
- Wait for crediting and withdraw funds
The service offers the following withdrawal options:
- The service payment card is the most profitable solution for those who earn a lot and regularly. You have to pay for the maintenance of the card every month
- Money transfer to bearer or to a bank account
- Withdrawal via WebMoney
For the time being, I decided not to get involved with the issue of the card due to the fact that now I receive about $ 100 / once every 2-3 months, and I will have to pay for the card / account every 30 days for $ 6. In order to receive money through another bank, you need to go there twice (the first time to open an account and find out the details, and the second - to withdraw money). For the first time, I decided to transfer funds to the WebMoney wallet.
Personal experience of using Epayservices
I already had two checks in my hands and I quickly scanned them and sent them to Epayservices. They were accepted in less than 24 hours on a working day. I sent the originals through Novaya Poshta (I decided not to contact Ukrposhta), paid $ 3.5 for sending documents along the warehouse-address route. After 2 days, the checks came to their destination and the funds were credited to my account.
When withdrawing to a WebMoney wallet, I encountered the following problems:
- Fortunately, I have already withdrawn funds from my wallet and have a formal passport for this. Otherwise, you will have to send scans of your passport to the administration and wait 2-3 days for their confirmation.
- The daily limit for transferring funds in my case was limited to $ 200, and the Epayservices account had 200 “with kopecks” and had to send twice.
- The payment was declined because the wallet's funds limit was reached - $ 400.
- After withdrawing old funds, I tried again, everything passed in three days.
Now it remains to withdraw money from WebMoney. Of course, you can leave them there and pay for the phone, internet, services and online purchases. However, if you are planning serious earnings, you will have to deal with the conclusion. Moreover, you cannot pay for WebMoney in a store, cafe or supermarket.
For the previous conclusions, I used a card of one of the banks of Ukraine, I will only say that this is the most popular and widespread bank in our country, compatriots will understand which institution I am talking about.
It was not possible to transfer directly from Epayservices to this card, due to its limitations. I think that in the future I will have to open a second card for transfers, or get an Epayservices card. In the meantime, I transferred the money to the bank card, for which I also gave a certain percentage (transaction + conversion from USD to Hryvnia) and waited about a day. I also had to look for an exchanger with the most favorable rate. Despite the fact that the course Nat. The bank at the time of the exchange was 11.6 - it was not possible to find an offer on the network better than for 10.8.
Now you can pay in national currency in most establishments and outlets, or you can cash out for another percentage.
Cash losses during withdrawal
At the end of the story, I will tell you what kind of losses are there with this method of withdrawal. Of course, for the next operations, I will optimize the output scheme in order to lose less, but for now, the results are as follows:
Amount received Lost AdSense percentage - due to the fact that the payment was made by the European branch of Google, the money was initially credited in Euro, and then converted to USD at the exchange rate and sent “green” check. € 78.43
76.07 euros Any exchange is a loss, but there are no options here, so I don't take into account the conversion. Received in the mail two checks in dollar terms. It's good that Google pays for shipping. $ 105.93
$ 103.79 -
- Sending the originals of the check to Epayservices cost $ 3.5 for two checks, and each one will have to be sent at that cost. $ 103.28
$ 101.20 $ 2.65 (2.5%)
$ 2.59 (2.5%) Transfer to WebMoney (split the amount into two transfers, in any case% fixed) $ 102.46
$ 100.4 $ 0.82 (0.8%)
$ 0.8 (0.8%) Transfer to a bank card (interest is charged for converting USD into Hryvnia and for transferring funds) 1108 UAH.
1086 UAH $ 6.9 (6.7%)
$ 6.7 (6.5%) If you withdraw in cash, you will have to pay another 1% of the amount. These are the conditions of a specific card, with other cards and banks it may be different. 1096 UAH.
1075 UAH 11.8 UAH (one%)
UAH 10.75 (one%)
The table contains two numbers, each of them on a separate check.
As you can see from the table, the maximum losses at the stage of withdrawal from WebMoney. Considering what troubles and difficulties they have with limits, currency exchange certificates, in the future I will definitely refuse this method of withdrawal. When the earnings become permanent, the easiest way is to get an Epayservices card or open a bank account to withdraw from this service..
Time loss during withdrawal
At the expense of time, I summarize what was said earlier:
- Forming an invoice and sending a check from Google will take up to 14 days after the month in which the payment exceeds the payout threshold (the threshold is usually $ 100).
- Delivery of a check from Ireland to Ukraine up to 14 days.
- Scanning a check and sending it to the office for cashing (from Donetsk to Kiev) 2 days.
- Crediting money to an account in the cashing service - 1 day.
- Transfer from the service to WebMoney - 1 day (in my case, 1 day for every $ 100).
- Transfer from WebMoney to a bank card - 1 day.
In total, it will take about a month from the moment you receive money in the AdSense service from Google to the opportunity to get your hands on it..
I would be happy to answer your questions in the comments and listen to other ways of cashing Google checks. I would also like to know the statistical indicators of other bloggers making money on YouTube, in return I am ready to share my.
