Tuesday, November 1, 2016
Monday, October 31, 2016
Sunday, October 30, 2016
Saturday, October 29, 2016
Difference between Swift BIC, IBan, Routing ABA and Bank Account types
In banking system there are few codes to recognize the real owner of account, those codes are Swift BIC, Iban and some time reference numbers, so after large research i found what these things are and what is difference between them.
Swift BIC or BIC
Swift BIC or BIC both are the same thing used for recognizing bank branches, these are not secrets and available for every one, swift BIC tell central bank that in which branch account of that person is located, every branch have its own specific code in number or letters, first letters tell about city and last letters about bank location.
IBan
IBan (International banking account number) is account number generally used to recognize account personally, in most of countries bank provide Iban number to its user for receiving money in their account.
Routing Number / ABA
Routing number is 9 digit number used by US banks to identify financial institutions, ABA number is used for electronic automatic clearing houses (ACH) for online transfer and paying bills. Your ABA number may be differ from your routing number but mostly it is same as routing number.
Account Type
There are generally three main type of account, these are
- Checking
- Saving
- Business
Checking Accounts
Checking account is simple account used for normal bank activities, bank charges are applied.
Saving Accounts
Saving bank account are those account in which people earn money by placing money in there account for more then month, six month or for year, this is generally interest based money which bank gain from people who take loan from them, it is not legally allowed in many religions like Islam.
Business Accounts
Business account are used for business purposes like debits, loans etc.
Friday, October 28, 2016
How to withdraw Adsense Income in USA & Germany without having Bank account?
Now you can easily receive money from your Adsense account in USA and Germany without having any bank account, just create a Payoneer account and it will Give you free virtual bank account for both countries, you can easily receive money in both of these countries using Payoneer virtual accounts, which later can be withdrawn using ATM card or by local bank Transfer.
Payoneer is mass payout service which help big companies to pay out their workers easily, Signup for Payoneer and they will send you an ATM card at your Home address, you can also withdraw money into your local bank account. When you sign up for Payoneer they will Give you a US bank account plus Germany bank account details for payment collection. For s US bank account they provide routing number and account number and for Germany account they will provide your Swift BIC, account number, bank name etc, it include all details which Adsense require, after you got these details you can add it into your Adsense account.
How to link Payoneer with Adsense?
To link Adsense with Payoneer, go to payment methods in Adsense and choose bank as payment option then add details provided by Payoneer, Google will first send small amount between 1-2$ to verify your account and when you receive this small amount in your Payoneer account you have to put it back in AdSense to verify payment method, once payment method is verified you can receive unlimited payments in your account, it will take nearly 2-3 days to receive payment in Adsense account.
These virtual accounts can be also used to receive payment from Freelancing companies like Fiverr, Upwork, etc but remember that if you receive money from an unauthorized company in Germany account, Payoneer will reject it but for US account, it’s ok.
*Germany bank account details are present in Payoneer EUR payment service & for EUR payment service activation you have to contact Payoneer team.
Hope this guide help you, I will wait for your suggestions, questions and tips in a comment box.
Thursday, October 27, 2016
Why Payoneer dose not support Private Load and money transfer for my account?
Payoneer is an international payment processor which provide an easy way for large companies to pay out their workers worldwide, millions of freelancers and online worker use this service to get paid, Payoneer allow account to account money transfer and private load to your card but this service is not available for everyone, as Payoneer main purpose is payment service so it doesn’t allow you to load your Master card from another prepaid card or from another account unless you become their loyal user, so here we discuss who is loyal in Payoneer eye and how to become loyal to be able to load you card.
Payoneer currently allow private load for only those cards and accounts which have at least received one payment of more than 100$ from US payment service, i.e from any freelancing company like Fiverr, so you need to get a payment from any US company into your Payoneer account before loading your card, Payoneer also have some other restrictions for many countries due to money laundering and theft issues.
Payoneer is not supporting private card Load for new Accounts
Payoneer also have same restrictions for money transferring from another Payoneer account into your account, you must have an active Payoneer account before transferring money to your account otherwise Payoneer will give an error.
These all restrictions are necessary for any money processing company to protect thefts, money laundering and black money issues, so make your Payoneer account active before doing these tasks.
For more details about Payoneer Private card loading eligibility read Payoneer Guidelines.