Forum Moderators: martinibuster
I never get to be the first to post the "payment in progress"!
But I am happy for you
please say whether you are receiving payment by check or EFT.
The only reason why I ask is because there seems to be a rumor going around that those who are paid by check get their PIP lines first.
But one (meaning I) should be grateful that the "PIP" line is showing up for someone else because that means that its in the process of showing up in everyone else's adsense account.
I had to look up the real meaning of PIP at Wikipedia, and it could be a number of things like:
Peripheral Interchange Program
Priority Inheritance Protocol
Palisades Interstate Parkway
Private Independent Practice
Personal Identity Provider
Peak Inspiratory Pressure
Parallel Interface Port
Picture-In-Picture
Point In Polygon
And I have every faith in the UK PM that he will cock up the UK economy even more badly than the US. I hope so!
What do you think, once PIP is visible, is the currency conversion done or is at a later point in the transaction?
The $USD is still falling against the $AUD, and I'm just wondering if I caught it before the surge today...
Hmmm.. thats interesting. If I compare actual currency conversion rate (from the 'details' link on the payment history page) to what I see recorded on exchangerate dot com for the last few months, either they are calculating the final amount quite early in the month (~25th), or they are quite generous in their conversion rates.
Even more interesting - when they made the error in the .au conversions in the December payment, the payments made a week later in January used the same conversion rate as was supposed to be applied earlier (assuming 1/0.867 = 1.153)
So, answering my own question - I think currency conversion is calculated before PIP is entered in our accounts. This is good if your currency is rising in comparison to the USD, but bad if it is falling.
Even more interesting - when they made the error in the .au conversions in the December payment, the payments made a week later in January used the same conversion rate as was supposed to be applied earlier (assuming 1/0.867 = 1.153)
I would think as it was their mistake they had to pay you at the same rate as the orriginal payment otherwise if the exchange rate went against you, you could have ended up with less than if they paid it correctly originally and the backlash from that could have been quite harsh.