clicbank 250$ -> check 224$ -> 123€ cash

Discussion in 'ClickBank' started by wwood, Sep 13, 2010.

  1. #1
    Hi everyone,

    I'm a Clickbank affiliate from Italy and recently I've cashed my first check.

    The problem is that I've cashed only the half! Can anyone knows how to solve this problem?

    Is there a service that can cash the check and then pay me through paypal or something similar?

    Or do I have to use another affiliate program?
     
    wwood, Sep 13, 2010 IP
  2. dlm

    dlm Peon

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    #2
    Sorry, I have no idea what you're talking about...

    Was the check a smaller amount then you expected? Or was it an issue at the bank? I know there are tons of European vendors/affiliates who use Clickbank and don't report any problems.
     
    dlm, Sep 13, 2010 IP
  3. wwood

    wwood Peon

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    #3
    The clickbank check should be 250$, and it was 224$ instead (I think due to US taxes).

    Then, when I cash it from my bank, the amount was only 123 € (I think due to cash costs of an US check)
     
    wwood, Sep 13, 2010 IP
  4. NCMedia

    NCMedia Well-Known Member

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    #4
    It looks like:

    Clickbank $250USD

    Payout: minus allowance: check amount $224USD

    You got: 123Euro (based on what you wrote) - converted from US. I suggest you learn about currency conversions.
     
    NCMedia, Sep 13, 2010 IP
  5. Dan Bainbridge

    Dan Bainbridge Active Member

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    #5
    lol yes this just looks like currency conversion.. $224 doesn't equal 224EUR...
     
    Dan Bainbridge, Sep 13, 2010 IP
  6. wwood

    wwood Peon

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    #6
    I know the conversions $ -> €

    224$ = 176€, not 123€.

    I lost 50€ in transaction.
     
    wwood, Sep 13, 2010 IP
  7. Dan Bainbridge

    Dan Bainbridge Active Member

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    #7
    This was probably a bank charge at your end for having to convert the cheque. I know we lost £10 each on cheques we paid in via clickbank - but get 2 more of them and you can setup direct deposit with no extra fees attached.

    Also the initial $250 it should of been to only $224 - this is probably just the reserve they keep for potential refunds - they always hold a little bit back like this, but if you keep making sales it will be made available to you, then theyll hold back more / a different amount based on your next recent sales etc..
     
    Dan Bainbridge, Sep 13, 2010 IP
  8. bl4ckmaN^

    bl4ckmaN^ Well-Known Member

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    #8
    That's probably some stupid fee that the Bank charges to cash US cheques?
     
    bl4ckmaN^, Sep 13, 2010 IP
  9. evelinawilliams007

    evelinawilliams007 Notable Member

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    #9
    Check with your bank.

    I'm from Europe too and certain banks charge up to 50 euros per check, you have to look for a bank that charges less.

    I personally pay 9 euros per check (whilst all the other banks charge more). I deposited close to 100 checks till now and I had to look for a bank that charges less right from the start.
     
    evelinawilliams007, Sep 13, 2010 IP
  10. emmataylors

    emmataylors Peon

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    #10
    Yes Clickbank takes a hefty 10% off every sales plus every check sent to you will be charged by the bank. If your current bank account is not in USD and automatically converted into your currency, even more loss will usually incur. So one of the better ways would be to require a check in huger amounts to lessen the cost, but of course that would mean greater commissions in the first place. Try out better converting products especially in the health niche.
     
    emmataylors, Sep 15, 2010 IP
  11. websurfpro

    websurfpro Active Member

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    #11
    I am interested in direct deposit as well, but as far as I know this option is not available in EU countries so far. Am I missing something? I've deposited more than 2 cheques.
     
    websurfpro, Sep 16, 2010 IP
  12. bl4ckmaN^

    bl4ckmaN^ Well-Known Member

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    #12
    It is available in some EU countries, but not all of them.

    Here's the list > http://www.clickbank.com/accounting.html#A3
     
    bl4ckmaN^, Sep 16, 2010 IP
  13. elfso

    elfso Member

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    #13
    unfortunatly this is clickbank grady enough

    only currency there is usd euro is high now

    this is big problem to every body
     
    elfso, Sep 16, 2010 IP
  14. goricher

    goricher Peon

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    #14
    Just check your bank..
     
    goricher, Sep 16, 2010 IP