koeksGHT
Dealer
Received first EFT 
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Question of the Day: How do you normally pay for purchases in stores?
Google Adsense EFT payment to South Africa thread
- Thread starter koeksGHT
- Start date
naeem
Expert Member
+1 received EFT.
Got the email from them saying the made payment 2 days ago. And this morning money was in my account.
10 times more convenient then the posting of cheques. Sometimes cheques arrive in 2 weeks, other times 2 months, other times never.
Got the email from them saying the made payment 2 days ago. And this morning money was in my account.
10 times more convenient then the posting of cheques. Sometimes cheques arrive in 2 weeks, other times 2 months, other times never.
Received first EFT
To payoneer?
Nope, bank account.
DA-LION-619
Honorary Master
Bit OT, what's the pay like from ads?
Google Adsense is by far the best paying. Nothing else compares.
But, in order to generate good income, you really do need a lot of traffic. With around 800-1000 unique visitors and 15,000 to 20,000 page views per day I earn around R70 to R300 per day - naturally depending on the clicks and the days of the week as well. This is for one website only.
I run my ads on about 11 websites and combined I earn around R25,000 per month from them all. Some months a bit more and some a bit less.
Remember, it also depends on what ads are displayed to visitors and what they click. Some time during the course of a day I notice that there were 20 ads clicked and I only earned R4 from them. Other days I see 5 clicks in the afternoon and then get R75 from them. Some ads generate more income than others.
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DA-LION-619
Honorary Master
Thanks
The best way to make a living from Adsense - and this is purely according to me - is to start small and have a bit of cash available. Visit webmaster forums such as Digitalpoint and start buying small websites that already earn income via Adsense. Start building yourself a portfolio of these smaller sites.
I done this about 7 years ago and at one time I had about 700 websites, all running with Adsense. Back then, we still earned in Dollars, and I made around $1500 - $2000 per month from all these websites. I then started buying larger websites, with more traffic and bigger Adsense income. As time went by I sold off the smaller sites.
I now have way less sites, but they bring in decent Adsense income on the sideline for me. It brings in less than what I made before, but it was a paid attending to all the websites that ran together, renewing domains every year, etc.
naeem
Expert Member
House, thanks for the tips.
What are the tax implications for this sort of income? (i'm earning much less, like 2k give or take) but on bigger amounts?
What are the tax implications for this sort of income? (i'm earning much less, like 2k give or take) but on bigger amounts?
koeksGHT
Dealer
I am also curious on tax because I should technically be putting on tax return as other income source?
Adsense is def the best way for passive income, as House said having 20 websites earning 25kpm or whatever is just extra cash without much work
this, sometimes there is just no consistency, I earned ~R70 for 1 click before and have earned the same on 30 clicks.. depends on traffic
Yes, this income needs to be reported on your tax return. Since I joined the program many years ago, I have been declaring the income as revenue from services rendered abroad. Yes, you are being pushed into all sorts of tax brackets, but the income still is worth the trouble.
I have a much bigger problem on hand than a mere Adsense payment now. I recently started a member site and basically generate income via Paypal. In a week the service just took off and my Paypal account balance is now out of control - in fact, in such a way they actually called me to confirm that it was indeed me using the account again and they had a look at my business venture.
This is scary for me in terms of tax next year, as this website also offer services to people abroad and the Adsense income is a few pennies compared to the new income. I am now busy with tax and business practitioners. Already registered a company here in SA and also bought into one abroad in the event I should decide to move the business there.
Never thought that eventually launching a successful site could turn out to be such a big pain in the ass.
koeksGHT
Dealer
Surely there must be a max before you actually need to file a return. Is SARS gonna look at my bank statement if they get, and see say 2k pm coming in undeclared as income? How will they know to tax that? I'm sure they will notice if you receive R100 000 pm but how will they know it is "income"? Do they actually have access to my statements or is it more of a trust thing where if they do audit me they will notice undeclared money and then come after me for tax evasion? What draws the line?
From my own experience I know that income from abroad, especially these cheques we banked from Google, are being reported both to the Reserve Bank and SARS by our banks. I was not prepared to take the risks, so what I did was to declare the income every year, but it also formed part of my business expenses, such as hiring coders, servers, etc., etc. And yes, every year I had to pay in a couple of thousands of Rands, but it still was worth it for me.
koeksGHT
Dealer
Well I guess zuma needs his tuck shop money
Yeah! Like I said, one can take the risk by not reporting it. Remember SARS don't care about the money when it comes in. They care about it the next tax season to see if it was reported. If not, you may suddenly get an SMS that your file was sent to JHB for audit and the next thing, you will get a call and a couple of SARS investigators who wants to see you.
Normally they will not go this route over R5,000 or R10,000 income per year. They may leave it for another 3 to four years and then hit you for that whole period of time.
One can always admit to them it wasn't reported and make arrangements for repayment of the tax, but the problem is they can now charge you criminally for tax evasion and may even decline your request. The problem with this is that the court may grant them an asset forfeiture order and then sentence a person to jail - tax evasions, irrelevant of the amount, carries a direct imprisonment of minimum 10 years for a first offender.
koeksGHT
Dealer
So why is juju not going to jail then?
Lol
Ironically, earlier today I posted a comment on exactly why I think he will not go to jail in the News section. This will be a government decision to stop prosecution, or perhaps allow it, but ensure a light sentence, all in an attempt to prevent all hell from breaking loose within the EFF. I don't think government will be in a position to handle the violence that will erupt should he be sent off to jail.
Now that people who participate in the Adsense program can be paid via EFT, I don't see the point of using Payoneer any more unless you don't want to bring the money into the country. Maybe it's good for those who don't have/want a bank account or even a credit card for that matter.
I saw this payment method change recently and I'm sort of relieved because it means no more waiting for cheques, courier fees, filling out cheque deposit forms, cheque deposit fees, and in the case of some people, the banks refusing to handle the cheques.
I would have thought so too. People who earn money from a local source are allowed to earn R250 000 per year or something without paying tax as long as it comes from one source and meets other requirements, according to the SARS website, but they want to tax every rand that is earned from elsewhere?
There is this very wrong assumption on the part of most people, especially the government, that everyone who earns with Adsense does it as a sort of side income, and therefore it's nothing if they take the minimum 19% -- when that could be the person's main income, and they might not even make that much in a year.
I thought they only bothered when it was an amount of R10 000 and over that is deposited, or if it's in a foreign currency (in that case any amount).
So basically worse than murder.
I saw this payment method change recently and I'm sort of relieved because it means no more waiting for cheques, courier fees, filling out cheque deposit forms, cheque deposit fees, and in the case of some people, the banks refusing to handle the cheques.
I would have thought so too. People who earn money from a local source are allowed to earn R250 000 per year or something without paying tax as long as it comes from one source and meets other requirements, according to the SARS website, but they want to tax every rand that is earned from elsewhere?
There is this very wrong assumption on the part of most people, especially the government, that everyone who earns with Adsense does it as a sort of side income, and therefore it's nothing if they take the minimum 19% -- when that could be the person's main income, and they might not even make that much in a year.
I thought they only bothered when it was an amount of R10 000 and over that is deposited, or if it's in a foreign currency (in that case any amount).
So basically worse than murder.
Well, the problem is that all foreign income has to be reported to SARS, even if you are a South African national working in any other country, you still need to report that income even if you are not here in SA. Pretty much the same applies to Adsense, you still need to report the income.
Like I stated, banks report all foreign income or expenses to the Reserve Bank as well as SARS. What the reserve bank and sars do with that information, I am not sure. Like I said, I highly doubt they will come after you if you earn R100 per month and did not report it on your annual tax. They will definitely wait a few years and then approach you. As for me earning just over a quarter of a million in Adsense every year, they will definitely come for me a week after tax season closes and I have not reported the income.
As for worse than murder, yes, stealing from the SA government is not taken lightly by our courts or government. I have seen people going to jail for tax evasion longer periods of time than some convicted of murder.
Hi guys. Sorry if it's not cool to resurrect this thread and all, but I just wanted to ask something and it's relevant to this thread, I would think: when getting your Adsense money deposited into your bank account, do you fill in your bank account number over at Adsense? Because I read that some people tried this and it didn't work, so they had to put in the branch clearing number or something instead. Just checking if that's indeed the case before I fill in the wrong thing.
Edit: Yes, I found it here: I have to use my bank's universal branch code: http://mybroadband.co.za/vb/showthread.php/632671-adsense-payment-failed
Edit: Yes, I found it here: I have to use my bank's universal branch code: http://mybroadband.co.za/vb/showthread.php/632671-adsense-payment-failed
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