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What happens if you're "in debt" to Clickbank??

Discussion in 'Clickbank' started by ButcherPete, Sep 21, 2012.

  1. ButcherPete

    ButcherPete Regular Member

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    Imagine this scenario:

    You sign up for Clickbank and make a few sales. A week or two goes by and you get a paycheck from all those sales. But then, one of the customers gets a refund. You're a few dollars in the hole now, aren't you?

    I know they just withhold it from your next sale, but what if you never make another sale? Do they just accept the loss, or do they send you a bill? I'm just curious as to what exactly happens in this situation.
     
  2. bigballin6161

    bigballin6161 Jr. VIP Jr. VIP Premium Member

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    They send someone to your place to f*** you up. Good question I assume they take the loss. What else could they do?
     
  3. sn2100

    sn2100 Junior Member

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    No , I think they send payment only after 60 days refund period is over ...
     
  4. ButcherPete

    ButcherPete Regular Member

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    Nah, once you meet the initial requirement to have 1) orders from two different methods of payment and 2) five different sales, they send out payment at 2 week intervals. I made a sale on the 16th, and they sent a check out on the 19th.
     
  5. BigFatWallet

    BigFatWallet Power Member

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    They would just accept the loss (in case you never make a sale again), cant think of anything else they can do to cover for the loss.
     
  6. d1129

    d1129 Registered Member

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    That's why they have that damn 10% return allowance so they don't have to send you to collections for a $50 refund.
     
  7. johnhunter

    johnhunter Regular Member

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    Yep thats correct although it's not 10% on all accounts, if you are promoting IM products your looking at 50% holdback and then when they do pay it back they halve it again, it's a nice pension plan though.
     
  8. d1129

    d1129 Registered Member

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    That's crazy, I saw that they say 10% is the "standard" return allowance. So is it 25% across all IM products, just certain ones? I don't promote them anyways, just curious.
     
  9. philly3

    philly3 Regular Member

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    Your account stays negative until you make enough sales to bring it back to positive $ I've had this happen before. They don't take money from your bank accounts or anything.
     
  10. johnhunter

    johnhunter Regular Member

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    I think it's done on an account by account basis and all depends on what products you promote, so say you sell $10k worth of products then they will deduct any refunds so maybe taking it down to $8k almost immediately.

    Then on payday they will halve it to $4k and put $4k in a reserve, so from $10k sales you maybe get a $4k paycheck if you are lucky, then about 3 months later they release the $4k and normally halve it again and release the remaining $2k in another 3 months time.

    During that time though refunds keep flooding in so from $10k sales you will probably actually get around $5k if promoting IM products spread over 6 months.

    Obviously if you promote products other than IM then your probably only on 10% holdback as the refunds are much less.