Western Union branches have varying exchange rates
December 2, 2007
A friendly reminder to everyone encashing their Google Adsense earnings via Western Union Quick Cash: scout first for the Western Union branch that offers the highest exchange rate because you will “lose” if you received a low rate.
This I realized when I encashed my Adsense income for November today. First I went to SM Megamall’s Bills Payment section where they process Western Union transactions. I asked what their dollar-to-peso exchange rate is and got told it’s $1 to P42.35.
I decided not to redeem my earnings yet and instead headed to an RCPI-Western Union branch inside St. Francis Square which is just across SM Megamall. The staff told me their current exchange rate is $1 to P42.67.
Betting that another Western Union pickup location can beat this rate, I went to Sanry’s Foreign Exchange at Glorietta Mall in Makati. True enough, they offer $1 to $42.70. I then decided to settle for this and I redeemed my November Adsense earnings.
Our reminder again: before you hurry to a Western Union agent for your Google Adsense payment, search first for a branch with the highest offered rate.
Because if, for example, you received $1,000 and decided to convert this to peso today at SM Megamall instead of Sanry’s at Glorietta, you would have “lost” P350 [$1,000 * (P42.70-P42.35)].
It might not be a big amount, but P350 still is P350, right?
What has been your experience using Western Union to receive Adsense payments? Let us know!
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June 24th, 2008 at 12:51 am
Laurence, here’s the step by step guide regarding the use of Western Union in Google Adsense. See if you’re missing something.
Some reasons I can think of why you don’t have the WU payout option:
1. You’re not residing in Mainland China, Malaysia, Pakistan, Romania, Philippines, Argentina, Chile, Peru, and Colombia. Only publishers in those countries can be paid via Western Union.
2. Your Google Adsense account is a business account. WU is available only to individual publishers.
June 20th, 2008 at 9:10 am
I really dont understand, almost 1 week ive tried and tried of how can I set up my payment method through western union as a mode of payment, there is no option Western Union radio button…please guys help me.
May 10th, 2008 at 3:34 pm
panu po mag franchise ng western union?