Today is first time, I am happy to tell, I got my google adsense income through wire transfer in India. So, it is good time to review this payment system for Indian publisher.
All the Indian publisher who has adsense account and whose account's balance is more than $ 100 has the right to get payment if he will follow TOS of google adsense.
Before wire transfer, there was cheque system. More than 6 years, I got my adsense payment through cheque. So, it is easy for me to compare this wire payment with cheque payment system.
1. Saving of Time
One of biggest benefit is saving of time. Today, every Indian publisher wants to get his hard earned money fastly because they need this money for basic needs. I remembered, once, I did not get cheque of my adsense earning and I faced financial challenges for 4 months. Normally, I got my payment within 15 to 20 days after issue of cheque. But today morning, automatic payment has done through wire transfer and after 7 hours, I got payment in bank account. If I compare 20 days with one day, I can certainly say, this wire transfer for Indian publisher is best. It is not doubt EFT's payment is so fast than check payment.
2. No Risk of Stolen of Check
I am also in google adsense forum and it is normal complaints that their checks were stolen by couriers. 70% Indian people are living in village. All have bank account. So, now, there is no risk of stolen the check. Adsense wire transfer or EFT will surely increase the confidence of village adsense publisher.
3. Benefit of Gaining More interest
If we talk the time value of money, adsense wire transfer to Indian publisher will help to earn more interest on the obtained money fastly. For example an Indian adsense publisher is earning Rs. 10,00,000 if he will get this amount 30 days ago through wire transfer, it means as per 9% interest rate, he will get Rs. 7500 for 30 days which was not possible in google adsense cheque payment system.
4. Easy Formalities
In google adsense, I submitted my bank account, IFC code and my SWIFT code. This information is enough for getting wire transfer in India.
So, In end, this system is so easy and modern and upto date as per today tech-savy environment. Thanks google adsense for making the new and innovative payment system for Indian publisher.
Important : Google adsense account is the account for online publisher. Google adsense program shares advertising income with adsense publisher.This account follows basic accounting principles. When adsense's client earn money. This account shows credit balance. It is just your bank account. When there is money in money in your bank account, your bank account will also show credit balance.When adsense will pay you, it will debit your adsense account. It is also your bank account. When you withdraw money from bank, it will debit your bank account.
Update :Track Wire Payment Through Your Bank Account
I have used my SBI Bank account for this. Here is screenshot for tracking my adsense wire payment through my SBI bank account.