There are several payment options for ClickBank users, and you can select the one that best suits your business needs.
In this article, we have compiled an ultimate guide to ClickBank payouts.
If you’re wondering how fast ClickBank takes to pay out or want anything else cleared up surrounding ClickBank payments, you’ve come to the right place! Let’s dive in.
How Fast Does ClickBank Pay?
If you are new to ClickBank and are wondering how fast they pay, you’ll find out your answer in this article!
To get your first paycheck from ClickBank, you will need to have made at least 5 or more sales, each made on different credit card numbers.
Sometimes, you will also need to make sales using 2 different payment methods. You will also have to reach the payment threshold of $100.
When you meet these criteria, you will receive your money through the default payment method. This method is a check.
The check takes an average of 3-5 days to process.
With ClickBank, you need to be careful of any hidden fees. Some affiliates may not understand these fees and may lose money on the site.
How Do You Get Paid With ClickBank?
To receive the first payment from ClickBank, you will need to pass the requirements set out by the company.
This is known as the Customer Distribution Requirement (CDR).
ClickBank put these requirements in place to stop people from getting discounts on products that they are planning on purchasing themselves.
So, after 5 different people have purchased something through your affiliate links, using different credit cards, you will be able to receive money from ClickBank.
If you are required to make sales using 2 different payment methods, they will have to be one of the following:
MasterCard
American Express
Discover
Paypal
Visa
Maestro
So, to clarify, the sales that you make must be from 5 different accounts, and two of them have to be from different companies.
If four of these sales were made from Visa, and one was made from Paypal, then this would pass the CDR for ClickBank.
What Happens Once You Have Met The CDR?
Once you have met the threshold for payment with ClickBank, you will then need to determine whether you want to get paid through check or direct debit.
Direct debit will be paid on the same day, or it will be paid the following day.
If you opt to get paid through a check, this may take an extra 3 to 5 business days to get to you.
How Often Will You Get Paid With ClickBank?
You can choose to get paid weekly or bi-weekly with Clickbank.
If you choose to take your payment weekly on a Wednesday, the money will enter your account every week on this day.
If you choose to get paid bi-weekly, you will get paid every other Wednesday.
If you opt for bi-weekly payments you will get paid in the middle of the month and at the end of the month.
Hidden Fees With ClickBank
You must be aware of the fees associated with ClickBank, as you don’t want to be disappointed when you receive your payment.
Payment Fees
Every time you receive a payment from ClickBank, you will be charged $2.50. This will be charged whether you choose to be paid by direct debit or check.
As this charge occurs whenever you receive your payment, you may want to increase the payment threshold.
This will mean that you won’t get paid as often, meaning you will be charged less for these payments.
You can change the payment threshold to $1000 instead of $100.
Lack Of Earnings Fees
You will also face a charge with ClickBank if you have not made any earnings for over 90 days.
If your account has a positive balance, but you have not made any additional earnings, ClickBank will consider the account dormant.
You will be charged $1 for every pay period during the first 90 days that you have not made a sale.
You will then be charged $5 for each pay period after 180 days of making no sales, and $50 per pay period after a year has passed without any sales.
For this reason, it is a good idea to make your payment threshold as low as possible when you start, and then increase it as your sales increase.
Sales Fees
Another fee that ClickBank charges is a sales fee. The vendor will pay a commission to you for selling the product.
This is anywhere between 1% and 75%.
So, if you sell a product with a commission of 75% for $10, then you will receive $7.50 and the vendor will make $2.50.
ClickBank Fees
ClickBank also takes a cut of any sales that you make. In the example above, they would apply a fee of $1 and add 7.5% of the sale amount to this.
In this case, they would take $1.56 from your earnings, leaving you with $5.94.
How Do You Change Your Payment Threshold On ClickBank?
To change your payment threshold on ClickBank, you will need to head to your account.
Do this by going to the Accounts tab and clicking on your nickname.
Then, head to account settings on the top menu. After this, you will need to scroll down to your payment information.
When you get there, hit the edit button.
Here, you can change the payment threshold and how you receive your payment.
If you have chosen to be paid via direct deposit, you will then need to add your bank account details.
Is Clickbank Worth It?
ClickBank is the 87th largest retailer in the US, with over 200 million customers worldwide.
They are definitely on the map when it comes to affiliate marketing.
If you choose very valuable products to sell to your customers, then it is worth it.
While it may not be stable enough income to pay your rent or mortgage, it is a fantastic side hustle.
It is possible to do it from home or anywhere else in the world, and you can work it around your schedule.
It is a great way to make some extra cash.
How Do You Get Paid If You Don’t Live In The US?
No matter where you live, the process is always the same. However, some countries will not have access to direct debit.
In this case, you can opt for paper checks. You can also get the money wired, but this will incur extra fees.
You cannot get paid with ClickBank through Paypal.
Final Thoughts
So, there you have it! You should now have all the information you need on ClickBank and how quickly they pay out.
After reading this article, you should be super confident in ClickBank and its payment methods.
If you are hoping to set up a side hustle, ClickBank is a great way to go. You will be earning extra cash in no time!
