Payday is easily the best day of the week! Within ClickBank, you can easily access your payment screen to see what paychecks are coming your way.
To access your ClickBank paychecks within your ClickBank account click the Reporting Tab > Paychecks.
Once there, you will be able to see a detailed description of all the payments you’ve received from ClickBank thus far. Confused on how to read the account detail? Look no further than the descriptions below!
- Payment Frequency– How often you are paid; this parameter was selected when you set up your account.
- Balance Forward– This is an unpaid balance that needs to be paid to you when from a previous pay period. The reserve rate can overlap based on your pay period. (See below for more detail)
- Credits– The revenues you’ve collected in this pay period from the selling of your products
- Debits– Any customer returns, chargebacks, ClickBank fees or related items
- Release– After the six pay period holding time, ClickBank releases a set of funds reserved for refunds.
- Allowance– The figure shown here is the stockpiled allowance. The amount retained is equivalent to six pay periods.
After all of those figures are factored in, the amount listed under Payment Net Balance is the amount you will receive. This amount is paid out according to the way you set up your preferences. This includes paper check, direct deposit etc.
You also have the ability to export your report in a .csv file should for your records.
Common Questions About ClickBank Paychecks
We polled our client services team and below are some of the most common questions (and answers) they encounter regarding paychecks.
Q: What other form of payment does ClickBank offer besides “check”/Do you offer PayPal?
A: ClickBank offers the following payment methods:
- Checks- Payments are always sent on the Wednesday two weeks after period-end.
- Wire payments- Our bank charges us $35 to complete a wire. We suggest that your threshold is set to at least $100. Funds are sent in US dollars.
- To setup your account to wire payments we need the following information: Bank name, Account name, Account address (personal address listed on your bank account), Account number, Bank SWIFT code, IBAN (if available).
Q: Why haven’t I received a payment yet if I have some sales/Customer Distribution Requirement?
A: ClickBank will withhold payment of any balance until an account shows a minimum of 5 sales using at least two of the following payment methods: American Express, Carte Bleue, Diners Club, Discover, ELV (European Direct Debit), JCB, Maestro, MasterCard, PayPal and Visa.
Once you have met the Customer Distribution Requirement, your account will begin issuing payments normally beginning on the next payment issuing date.
Q: When will my Allowance be released?
A: ClickBank withholds a fraction from each payment that is credited back to your account after 12 weeks (about 84 days). These funds are used to manage quality issues that may arise with Products you publish or promote, including delayed refunds or charged back sales. The standard return allowance is 10%. ClickBank may adjust your return allowance at any time.
Q: I had some money in my account a while ago and why is my balance $0 now?
A: Accounts with a positive balance but no earnings for an extended period of time are considered dormant. Dormant accounts are subject to a charge of $1 per pay period after 90 days of inactivity, $5 per pay period after 180 days of inactivity, and $50 per pay period after 365 days of inactivity.
Have additional questions on paychecks? Leave a comment on our Facebook page!
Do you want to learn more about how to use design to help capture and retain customers? Check out this ClickBank blog post!