CJ Dollar Cheques To bank or not to bank?

mobillica · 16-05-05

Hi people, for all those who still have their CJ account in US$, what do you find is the best way to bank the cheques?

Do you simply recieve the $ cheque and pay it into your a/c, where it goes for clearing/negotiation?

Pay it via bacs in US$ to your account, where the bank would convert it into sterling

Pay it via bacs in £'s into your account.

What sort of exchange rate would CJ use? What is the most viable option for UK affiliates?

Thanks for the help people!

nkernick · 17-05-05

I now get a £££ bacs payment for both google and cj.com. Got fed up with US $ a/c.
Take the money and run i'd say and live with the exchange rate whatever it is !!!!

Azam.net · 27-05-05

Agree with the above. Unless you receiving a whopping huge cheque where the conversion rate will make a big difference to you, far more convenient to receive the money in Sterling.

Incidentally, does anybody know what conversion ratio CJ use? When I emailed them they said it was the "standard" one without any kind of spread, but that could mean anything.

mobillica · 27-05-05

I received my cheque in sterling but got shafted on the rate. Used XE Currency converter and the payment i rec'd was £220 short of what I calculated it to be.

Im not complaining too much tho as it was a big payment.