Weekly Payments, Anyone?
Posted by: Michael Poston, Product Manager
During our recent Advisory Board meeting, we announced our intention to introduce Direct Deposit payments for our clients, and each of the participants provided similar feedback: that Direct Deposit and shorter payment cycles would really help them manage their cash flow.
For this reason, in the coming weeks, ClickBank will offer the choice of weekly or biweekly payments via Direct Deposit (ACH & XACH) into both domestic and international bank accounts for eligible clients. For more information on Direct Deposit eligibility, please refer to the following Direct Deposit documentation.
With weekly payments, and our already low payment threshold, ClickBank makes it possible to reinvest your profits quickly, with double the number of paydays. Ultimately, this will allow your business to be more agile and profitable than ever!
Remember, your input shapes our roadmap. It is our goal to deliver products and features that are in demand, and to help our clients run their businesses more effectively. Please comment below and let me know what features you think are important!
Happy selling, friends!
Geoff said,
August 14, 2008 @ 11:04 am
You guys have really taken things to another level in 2008. Keep up the good work!
Chris said,
August 14, 2008 @ 11:48 am
I have to say thank you for this. This is one of the greatest moves I could think of and it wasn’t on my mind. I was thinking more about my cash flow with my bills.
This rocks and I think this will attract a lot of webmasters to your service.
Thanks again,
Chris
Chris said,
August 14, 2008 @ 3:15 pm
SWEEETT!!!
Amin said,
August 14, 2008 @ 3:28 pm
Without a doubt a very good move. Not only will this keep existing clients happy, it’s going to attract new affiliates too.
Bryan said,
August 14, 2008 @ 4:52 pm
This is awesome. Any word on an approximate time frame when this will go into affect?
Thanks!
pushpa.pal said,
August 14, 2008 @ 7:52 pm
Wouldn’t this be available for cheques? Clickbank doesn’t allow direct deposit in India yet and I am making good enough money. It would be highly appreciated if you could provide weekly payments through cheques as well.
Peter Galanko said,
August 14, 2008 @ 8:00 pm
Awesome! ClickBank keeps on improving, this is amazing. I will miss opening the mailbox and finding a check from ClickBank, but I will get over it.
Thanks,
Peter
Pat Kaa said,
August 14, 2008 @ 11:27 pm
You guys are awesome!! By introducing this idea it further shows the desire you guys have to make clickbank the best affiliate program on the internet!!
Waseem Dar said,
August 15, 2008 @ 6:21 am
Hi,
Clickbank is great and I love promoting its products. This new step by clickbank is very important but at the same time I would request the clickbank management to include the names of more countries like Pakistan, Bangladesh etc so that brilliant people living there may share in the growth of clickbank and its merchants.
Thanks
Waseem Dar
Keith Gilbert said,
August 15, 2008 @ 7:01 am
Good job Clickbank - you’re finally starting to compete!
Next, you need to lower your fees and get rid of the “allowance” feature. With Paypal, I can withdraw my funds every day without an “allowance.” Not only that, but they only have $0.30+2.9% fees, not $1+7.5%!
Keith
Richard said,
August 15, 2008 @ 7:02 am
This is great, not only will this help affiliates, this will bring up the amount of money your company will make!!
Thank You !
Steve said,
August 15, 2008 @ 2:42 pm
Great to hear. Now all you need to do is remove the CDR requirements and it will be an excellent service!
John said,
August 15, 2008 @ 7:07 pm
I agree with Keith. Paypal forwards all money IMMEDIATELY into your checking account–no minimum amount of sales required! This requirement is particularly onerous to someone (like myself) who is just getting started and just learning how to make sales online. I am also a little upset that Paypal transactions don’t count towards the CDR! I really don’t understand that at all–except, of course they are your competitor, so I guess that’s the reason, kind of stupid if you ask me.
Shwabs said,
August 15, 2008 @ 9:43 pm
A great feature! It would be really great if you can extend it to Asian countries too. A large number of affiliates are making up from Asia too.
Rene said,
August 16, 2008 @ 12:09 am
I swear I think about this every day, this is a dream come true!
This doubles my marketing budget! AWESOME Click Bank! You guys are true asset!
Rene
clay said,
August 17, 2008 @ 3:30 pm
Good, move, but a paypal payment would be nice also!
Juho Tunkelo said,
August 19, 2008 @ 2:28 am
Fantastic idea! Just make sure you make direct deposit available in Finland and the rest of Scandinavia as soon as possible… (we’re quiet people so I’ll keep speaking for all of us..).
Stephan Miller said,
August 19, 2008 @ 3:27 am
Awesome news. I think that will help a lot.
Kimberly Edwards said,
August 20, 2008 @ 12:07 am
Kudos on that! Great idea that we’re thrilled about! Thanks for improving all the time!!!
Kimberly
sylvester said,
August 21, 2008 @ 1:16 am
I swear I think about this every day, this is a dream come true
modo said,
August 23, 2008 @ 5:25 pm
You also need to expand your wings, you need to accept more people from other countries rather than net-locking other people from countries in africa from benefiting from your programs, i must say that its unfair. Remember that people in africa are poor and bringing your program to their reach would really change not their life but yours too. I hope my voice would be heard.
John Yeo said,
August 25, 2008 @ 5:55 pm
Wow, great idea!
Thanks alot.
I am also wondering when will Singapore be listed as one of the countries having this benefit.
Thanks alot, Clickbank team!
John Yeo
Terrie Savage said,
September 2, 2008 @ 9:21 am
As a new affiliate, it is very frustrating to see money here @ clickbank and I can’t have it. I do need all money as soon as possible, not when you decide I have made enough to release it.
I am on a very limited budget and any small money would help me to advertise more.
The excitement of finally seeing that some of your ads are working is being lost because of the “No you can’t have it yet because I said so” attitude of clickbank.
Direct deposits are great, but again, clickbank put limits on when you can finally start doing that. They want to waste time,money, to mail 3 regular checks 1st then, they will finally let you have your money, again when and how they say.
Good start with weekly payments, but if you really want to grow, then please consider fixing your other issues, so that we can all make more money and be paid faster.
Regards.
Gail Crawford said,
September 3, 2008 @ 1:47 pm
I am new and learning, and of course, spending too much on Google as I learn. OF COURSE weekly payments would be great for our ad expenses but while you are doing this, I just don’t get the deal with the 5 different cards and not a pay pal charge before we can get out first ever check. I am sorry, but what does that have to do with the price of cotton?
Mark said,
September 4, 2008 @ 5:52 pm
Yes, I too would love the option of 2-weekly payments, this will help cash flow enormously.
One other thing, as an Australian business owner, when is CB going to get with the times, and offer curencies other than USD$??? Like AUD$?
cheers, Mark
Jen Johannsen, ClickBank said,
September 8, 2008 @ 7:53 am
Hi Gail,
Thank you for voicing your concern over the Customer Distribution Requirement (CDR)! The rule was put into place because of affiliates taking advantage of the system. Here is an example of what was happening and why we had to add the CDR… Unfortunately, there were affiliates that were using their ClickBank accounts for the sole purpose of making their own purchases through their own Hoplinks - in other words, getting a “rebate” or “discount” on every product they purchased through ClickBank. Requiring 5 purchases on different credit cards allows us to prevent this.
Also, I wanted to let you know about a change we’re making that will help out clients. Starting in our Sept 9 release, Paypal will count towards the “two different payment methods” requirement we currently have. Although Paypal payments won’t count toward the 5 credit card transactions required, it will help in the case that you only receive payments from Visa cards, for example.
I hope that helps explain why we have the requirement. We appreciate the feedback!
Aly said,
September 9, 2008 @ 9:23 am
Its a Shame that you are not working with pakistan…there are always other ways around…how do you think the other companies are doing it? why dont you just set some extra verification’s for people that belong to countries where there are frauds! or even review their website and applications…but this is not smart to just block off a whole country.
takis said,
September 9, 2008 @ 10:23 am
Greetigns from Greece
Next,we are watting payments in EURO (do sthing for european markets) and ofcrouse GREECE must be in countries for direct posing or PAYPAL
Great job though..
Frances Macias said,
September 13, 2008 @ 2:21 pm
It is a very good idea.
Harib said,
September 21, 2008 @ 8:19 am
I think this is what I was waiting for, Keep up the great work!
But, one more thing! How do I setup this derect deposit? I could not see the link to it…
Thanks
Harib
Howard Elliot said,
October 7, 2008 @ 4:20 pm
This will make life so much easier.
Thank you,
Howard