Earn a lot with CJ and use £ ? Read This!

[pericom]

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Hello,

Currently, publishers in the U.K. can select to receive their commission payments in the form of drafts (cheques) payable in U.S. Dollars or in Pounds Sterling or by having Pounds Sterling deposited directly into their U.K. bank account. Commissions are converted from an advertiser’s currency to the publisher’s currency using a competitive conversion rate provided by OANDA.com. The daily conversion rate provided by OANDA.com is an average of interbank currency exchanges and is not commercially available to companies like Commission Junction, which must pay substantially higher rates to purchase the GBP for publisher payments. Commission Junction also assumes a significant financial risk due to the fluctuation of currencies from the time commissions are paid by an advertiser and the time they are eventually paid to the publisher.

In order to minimize our significant financial risk, Commission Junction converts publisher commissions at rates that are typically 3% higher than the interbank rates . By comparison, the typical cash rate charged by banks to convert currencies is 5% higher than the interbank rate. This has always been Commission Junction’s policy and conversion process.

Publishers that wish to avoid having their earned commissions converted to different currencies for payment can elect to receive their payments by check in USD and shop a better conversion rate on their own. In January 2004, publishers and advertisers will be able to work with each other using the same currency, eliminating the need for a currency conversion on the commissions or payment amounts.


Hope CJ dont mind me posting their email.. I knew I got 1.73 last time.. if your earning a lot then this going to further dent payment.

Lets hope they sort out £ payment in Jan 04.

[bazza99]

I think I got 1.72 last time (not sure whether some of that is influenced by my bank) - felt that was a very poor conversion rate and wondered what it's based on, since the actual exchange rate has never risen above 1.70.

http://newsvote.bbc.co.uk/1/shared/f.../one_month.stm

[Julie H]

I thought I'd got a bad deal being offered 1.6875 by my bank. I turned them down I'd rather wait. It can't stay that high for ever.

Does this mean now (from January) we will get paid in Sterling without it going via the US and the very poor exchange rates?

Jules

[getvisible]

Looking at the chart from the bbc and if you believe in "technical" analysis then the rate would look likely to fall (all other things being equal). If at the last peek the rate broke above 1.7 I would have thought it would have kept going. However, interests rates have risen which will obviously affect the exchange rate.

http://newsvote.bbc.co.uk/1/shared/f...elve_month.png