Interesting question about CLICKBANK payment

Discussion in 'ClickBank' started by tourie, Aug 29, 2007.

  1. #1
    As we know, they have a miniumum payment threshold e.g, 50, 150, 200 and so on....

    I wonder if any of you has encountered this situation...

    Say, I have set the minimum threshold is 5000 for the monthly payment.....and the next payment date, co incidently, it is $5001 or something like that, therefore the next balance is $1, right?

    What happens if the refund rate occured just after the payment day or so? i.e. say the refund rate suddenly became $300 in the next 2 days and therefore theortically speaking would deduct from your commission. So what will happen to it? Will it be -US$299 that you owe or will deduct from the commission next time since they have already mailed you the cheque or something?
     
    tourie, Aug 29, 2007 IP
  2. shlomof

    shlomof Peon

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    #2
    Clickbank has a solution for this. When They issue your check, they are keeping around 10% of it's amount for a period of 6 weeks, in case there will be some refunds. That money is released after 6 weeks...

    Shlomo
     
    shlomof, Aug 29, 2007 IP
  3. tourie

    tourie Member

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    #3
    Right, thanks. I am relevantly new to this so just a thought =)

    Cheers
     
    tourie, Aug 29, 2007 IP
  4. shlomof

    shlomof Peon

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    #4
    happy to help :)
     
    shlomof, Aug 29, 2007 IP
  5. Blackmane

    Blackmane Peon

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    #5
    Yeah, I forgot to add that in when I was working out how much I would get. A bit miffed, but i'll get over it.
     
    Blackmane, Aug 29, 2007 IP