ClickBank is a great site that promotes affiliate marketing. It brings together vendors who want to promote their products and publishers who can pick up the said products. When a customer ends up on the vendor’s website and buys a product, then the affiliated vendor gets a cut.
After a customer makes a payment, affiliates get their cut within minutes, on their Clickbank account. After reaching a payment threshold, affiliates can choose the preferred payment method and get paid. Read on to find out more about specifics, such as payment methods, how often Clickbank pays, and other important details.
Clickbank Payment Methods
This article will deal mostly with payment methods and details, assuming that you already know the basics of how Clickbank works. If you are just getting started, you should check out their official support page for more information.
Make sure that you sign up for a Clickbank account with correct information. Use your real email and physical address. There are four payment methods, including checks, wire transfers, Payoneer, and direct deposits.
You need to reach a minimum goal before Clickbank can pay you. This is called a payment threshold, and the default value is set to a $100. You can change the threshold at any time, to anywhere from $10 to a million dollars.
After reaching the threshold, you will be paid on the first Wednesday after the current payment cycle ends. More precisely, you can be paid on a weekly or a bi-weekly basis. Only US residents and residents of other select countries can be paid on a weekly basis.
The payment consists of your entire Clickbank account balance. Clickbank will deduct a fixed $2.50 processing fee, a 10% allowance for returns and chargebacks, and additional fees if necessary. The returns allowance does not apply to payments lower than $25.
When you sign up with Clickbank, the default payment method will be paper checks. This old fashioned method might still be the best and the most reliable way. If you don’t want the checks delivered directly to your home address, consider using a P.O. box at the post office in your town.
You will get checks to your name from the regular postal service, so it’s best not to use aliases and made-up names. If you are getting bigger checks, you will get them through priority mail or even FedEx overnight service.
Checks are great for keeping financial records, but they are also a piece of paper of high value. As such, they can be damaged, lost, or stolen. It is up to you to decide on the payment method, but be extra cautious with checks.
Direct Deposit Payment
Clickbank supports automated clearing house protocol (ACH) for domestic direct deposit payments, and international automated clearing house (ACH and XACH for short) for international payments. The ACH is the commonly used bank transfer method in America, while the XACH charges no extra fees with select international banks.
Again, you have to give your bank account details to Clickbank for this method to work. Also, make sure your bank accepts ACH or XACH transfers. You don’t have to worry, if this method fails, you will get a paper check delivered to your address instead.
This method usually takes between 24 and 48 hours to process. XACH transfers are a bit trickier, though. Your bank and country must support this method. If your country uses a different currency, the conversion will go by the current exchange rates of Wells Fargo, the official bank of ClickBank.
These payments take between 24 hours and 5 days to process, depending on your country. On average it’s 48 hours for Canada and 5 days for India.
Wire Transfer Payment
Wire transfers are something like automated clearing house transfers. If you live in a
country that does not support XACH, wire transfers are a great alternative. However, wire transfers have some disadvantages.
You can only transfer US dollars, and the processing fee is $35. Some banks even have additional fees. The amount you’ll be charged for a transfer varies, but it is not cheap. The bright side is that you can write off wire transfer fees as business expenses when paying taxes.
You have probably heard of PayPal. Payoneer is like PayPal, but with better security. This might be a better alternative to wire transfers because Payoneer’s speciality is international transfers. Their fees are low.
You have to sign up at the Payoneer’s website on your own, or through the Clickbank’s link. You need to give your bank details to Payoneer, and they will make direct payments to your account. This means you can even withdraw cash from ATMs.
Payoneer is a great option for international payments, and also if you have multiple sources of income. Otherwise, ACH is probably better, especially if you live in the US or Canada. Payoneer also has processing fees, both for maintenance, as well as for ATM withdrawals.
Clickbank is a solid platform for affiliate marketing, where you can earn some extra money. Some people even make it their only source of income, but it takes time to reach that level. All of the payment methods for Clickbank have their advantages and disadvantages, so you should pick one according to your needs and preferences.
Are you satisfied with Clickbank? Which payment method do you prefer? Tell us in the comments below.