Tuesday, January 29, 2008

Do You Think Clickbank Is a Scam?

After visiting a few online discussion forums, I came across a few posts claiming that Clickbank may be a scam. It is true that it can be a bit tricky to get your first cheque from them, but if you go through Clickbank's accounting policy, you should know what to expect from this affiliate programme.

If you are a new affiliate, when you reach your payment threshold, which can be set anywhere between $10 and $10000, you will not automatically receive a cheque, as there are conditions that must be fulfilled first.

You must have payments coming from at least 5 different credit cards in order to be paid by Clickbank, with at least one being a Visa and one a Mastercard, and this minimum excludes payments made with Paypal balances and eChecks.

If your Clickbank account is in credit but you are not eligible yet to receive your first cheque, after 90 days of inactivity, Clickbank will deduct $1 per pay period (2 weeks) from your balance. After 180 days, this goes up to $5 per pay period and $15 after one year of inactivity.

Unfortunately, even though Clickbank usually accepts payments made via Paypal, they do not use this facility to pay their affiliates or publishers; you will have to wait for a cheque to be mailed to you and for every cheque that is made out to you, $2.50 will be deducted from your account.

Being a Clickbank affiliate means that you will get typically between 50% and 75% of a product's net sale amount (calculated as follows: retail price - (7.5% of retail price + $1)). This is one of the biggest commission rates that can be found online so if you expect to earn almost 75% of each product you promote without any drawbacks, you are out of luck!

Even though it can be a bit of a hassle getting your first check from Clickbank, I don't think it is a scam; if it was, not only the accounting policy would not be so easy to access, but you would probably also be asked to pay a subscription fee before being able to promote their marketplace's products.

As with every other money-making opportunity you wish to participate in, you must read the information that is available on Clickbank's website if you want to make the most of your experience with them. Clickbank's accounting policy may not please everyone so if you don't like it, you don't have to join them!

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Martin said...

Those rules seem a bit unnessassarily restrictive to me, but if it works for you then thats good I hope you receive lots of cheques from them.

Good luck

Sophie LC said...

They are restrictive but they do have a high commission rate.