Hi Guys, Just coming up to 12 weeks of using Clickbank, so I should be getting Release's back now that should roughly cancel out my Allowances each week. I've been reading Clickbank's Accounting Policy on their website though and am I correct in assuming that they effectively take an Allowance on the Release?? So they take 10% originally, then when this is released to you, they take 10% of that again! (Basically 1% of the original Allowance) ?? Their policy gives the following formula: Return Allowance = allowance percentage (typically 10%) x [(previous balance) + credits - debits + allowance release] Ignore the (Previous Balance) part because this always resets to zero, but Say for example I'd earned exactly $500 every week for 12 weeks with no refunds. Come the 13th week, my payment would be calculated as follows: Credits ($500) - Debits (0%) + Allowance Release ($50) = $550 Return Allowance being 10% of the above = $55! This extra $5 is basically 10% of the Allowance Release and recycling 1% of the Total Credits earned 12 weeks ago! In my eyes this is daylight robbery of money that could be earning interest in my bank account - not Clickbank's!!! Anyone else agree with my above calculations and think that it's wrong for Clickbank to be doing this??
Yes, Clickbank takes allowance on allowance releases. And I think this is wrong too, because you will never reach a 0$ net account, CB will always owe you some pennies. But anyway, because of the minimal payment amount, I never complain. And the checks are still nice But you're right, this is kind of unfair.
wow, thanks for highlighting that. hmmm. maybe i should go back to see how much those guys owe me. do they round up or round down 0.005?
CB is a business, not a charity. So they can use that allowance to deal with refunds and various expenses. It's not that high margin, and you eventually get the money back unless you have refunds... I don't see reason for fretting over this.