Gone are the days when Banks play pranks to customers banking with them without their knowledge. As an online business person, you just have to utilize opportunities through deploying what I call “understanding the market”, Once you are able to denote that, you will always be at the gaining and profiting side. This detailed article will guide you through on how to add or link your Nigerian Domiciliary Account to Google Adsense Payment Platform.
Before going into the main topic of the day, let me draw you closer to what I meant by “understanding the market”. And how it tends to profit your offline and online business.
Make Profit Understanding the Business Market Transactions of Banks and Google adsense
Understanding the market according to the way it has been working for me simply implies the science of supply and rightful demand as at when due, and the ability to use the technical aspect of financial intelligence when others are in a state of financial ruin. Below is a detailed comprehension to that.
Considering the dollar hike and the recent fall of Naira in Nigeria in this present year. As a blogger, or online freelancer person, receiving your monthly earnings from Google AdSense directly from Nigeria Bank savings account, is not advisable.
Reason is because, when Google adsense make their payment and send yours in dollars, may be to your savings account, the bank you are banking with automatically converts the dollar into naira at the rate of N340 per dollar or at any low rate that pleases them. This is where the prank I was talking about above comes in.
But Black market exchange at the rate of N390 to N400 per one dollar. The annoying part of it is that if you try to buy something in online stores, let’s say in dollars, using your credit cards issued from Nigerian banks, you will be charged N390 per dollar, which is so bad, as you are leaving out your profit without knowing.
So the essence of this post is to guide you on how to use Domiciliary account instead of using direct bank wire transfer for your Google AdSense earning into your Nigerian Savings account. Since it will save you from bank savings account converting your dollars at low/cheaper rate. Same is also applicable to any other transaction that requires payment in dollars, as you can receive raw dollars without conversion and then sell or exchange with black marketers or to companies that does that.
How to Receive Adsense Earnings in Nigerian Bank Domiciliary Account
The steps involved are very simple and easy, just the normal method used in setting up your savings account via Google adsense payment. Same setup is also applied for domiciliary account through Google AdSense account payment Dashboard. Now, follow the simplified steps below to get it done.
=>1. Goto https://www.google.com/adsense
and enter your details to Login into your Google Adsense account dashboard
=>2. Click on the gear icon (settings icon) at the top right corner of your computer screen and select Payments.
=>3. Now click on the payment settings on the left hand side of your screen and click on Remove to remove your savings account and then select Add a new payment method.
=>4. After that, click on select a payment method and choose the bank wire option.
=>5. Fill the required details needed by Google with your given domiciliary current account number. Also swift code of your Nigerian bank will be required, (Get the SWIFT-BIC code now).
=>6. When done, be sure to thick the “Set this payment method as primary” before saving.
Bravo! You just did the set up, now any payment from Google AdSense should directly go into your dorm account. And the bank which you opened the dorm account will always alert you once any money enters.
Then after you must have received the fund from Google adsense, all you need to do is to go to your Bank and withdraw the money in dollars and then go to meet dollar changers for better exchange rate that would yield a better profit.
Right here are better ways to withdraw raw dollars from domiciliary Account
This is what I meant by understanding and having the financial intelligence at first. Earning and making good profit from any business involves brainstorming better strategies. That’s what differentiate you from other business men.
Hope you got value? Now share this post for others to benefits from this too. Best Regards.