Clickbank Direct Deposit

Discussion in 'ClickBank' started by paulmagno, May 30, 2010.

  1. #1
    I was wondering if anybody here has experience with direct deposit from Clickbank?

    a couple of questions:

    I assume it's reliable to give out my bank info to CB, but how do they handle any refunds from my account? Do they withdraw money from my account if I reach the pay threshold with a negative balance?

    Would the money be deposited that same Wednesday when I reach my threshold?

    Thanks in advance for your answers.
     
    paulmagno, May 30, 2010 IP
  2. Morrow66

    Morrow66 Active Member

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    #2
    Hi paul

    I have a few accounts setup for direct deposit and the first thing I will say is that clickbank will take care of your details.

    If you are concerned about your bank account details being found out why not contact your bank and open a new account solely for clickbank.

    Clickbank will not take any money from your account for refunds, Basically when they send payment they keep a portion of your earnings within your clickbank account.

    This portion of earnings is like insurance for refunds and any refunds you recieve with come out of those stored earnings.

    If you look at your paychecks in your clickbank account you will see a coloum called "Allowance" this is the amount they keep back to cover refunds.

    The money from clickbank appears in my bank account on the Thursday of every week and clickbank have never let me down on a payment via DD.

    I hope this helps.
     
    Morrow66, May 31, 2010 IP
  3. GeorgR.

    GeorgR. Peon

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    #3
    wait...totally forgot, i can get paid every week? Need to check this..right now i am getting paid bi-weekly which is fine actually. And yes, direct deposit rocks.
     
    GeorgR., May 31, 2010 IP
  4. web_18designer

    web_18designer Peon

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    #4
    Rest assured that they wownt withdraw any money from your acocunt; its technically impossible. If I give you my bank number do you think that you can withdraw money from it in some way? You cant, but you CAN put money in it :) - its how bank accounts works.
     
    web_18designer, May 31, 2010 IP
  5. paulmagno

    paulmagno Peon

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    #5
    thanks for the words of advice!
     
    paulmagno, Jun 1, 2010 IP
  6. evelinawilliams007

    evelinawilliams007 Notable Member

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    #6
    They won't but if you'll get your account dormant you'll have to pay the negative balance of your future earnings..

    Not a great mindset I suppose --- Why don't you start distributing a few articles here and there to get some sales. :)

    Al.
     
    evelinawilliams007, Jun 1, 2010 IP
  7. paulmagno

    paulmagno Peon

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    #7
    ...you know what they say: "Think Positive, but Prepare for the Worst"
     
    paulmagno, Jun 1, 2010 IP
  8. tonysanders

    tonysanders Member

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    #8
    dont worry, clickbank has it all figured out. like your cheques, they hold a percentage of the money for future refunds. that's the same way it's gonna work with your direct deposit as well. :)
     
    tonysanders, Jun 1, 2010 IP
  9. Morrow66

    Morrow66 Active Member

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    #9
    Your sure can :cool:
     
    Morrow66, Jun 2, 2010 IP