I am using EFT and noticed one thing. When Google issues the EFT payment to European banks, the EUR/USD rate is different from the current. My question is: Which day's exchange rate do they use? The day they finilize the month's earnings, when "payment in prosess" is displayed or the day of the issue? May be any day of the month for their liking?
EFT transfers are done in 2 different ways. financial institutions like paypal already converts the currency before they send out so that they can make money on the conversion (everyone knows paypal conversion rate sux rear). others just send out the fund and and bank converts the currency based on the exchange rate on the day the transfer is deposited
Thank you for the info... on the other hand though i've noticed that the rates are much different on the deposit day.. In case of EU publishers its Citybank London that converts USD into Euro...