What would happen if I sold cb products, got a check, then some stuff was returned?

Discussion in 'ClickBank' started by in7, Nov 7, 2009.

  1. #1
    If I did not have the money in my cb account for them to deduct, would they try to debit my bank account:eek:?
     
    in7, Nov 7, 2009 IP
  2. venrooy

    venrooy Active Member

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    #2
    clickbank always keeps a portion of every check for chargebacks and refunds. They then release it later if no refunds were given.
     
    venrooy, Nov 7, 2009 IP
  3. Ripped

    Ripped Well-Known Member

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    #3
    Clickbank has an allowance, i.e it holds about 5-10% of your paycheck, which they release after 8 weeks. They hold the 5-10% so that your account won't go into a negative balance.

    Even if your account goes into negative balance, I doubt they charge you for it.
     
    Ripped, Nov 7, 2009 IP
  4. dlm

    dlm Peon

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    #4
    How would they do that? I assume they are sending you checks since you clearly aren't making enough for direct deposit...
     
    dlm, Nov 7, 2009 IP
  5. mikeyman120

    mikeyman120 Peon

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    #5
    I just got a refund on a product right after they mailed the check and they put it in my account as negative balance. I now owe them a little but they will just take it out of my next check, that's all.

    Mike
     
    mikeyman120, Nov 8, 2009 IP
  6. alexa_s

    alexa_s Peon

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    #6
    Nobody gets checks instead of direct deposit because of the amount they're earning, DLM. ;)

    If you're qualified to receive a check, you're qualified to receive a direct deposit (subject to having received three checks first within a certain period, and living in a country where they offer direct deposits, and so on) - the amount of money isn't relevant to this. You can set your own payment threshold at anything from $10 up.

    The answer to the original question is "no". There are no circumstances under which Clickbank will take money back from your bank account because of refunds. They'll hold 10% (initially) unpaid as a "cushion" anyway, but if you have refunds that come to more than that, they'll assume the risk and just deduct it from your future payments (if any).
     
    alexa_s, Nov 10, 2009 IP
  7. NCMedia

    NCMedia Well-Known Member

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    #7
    I've had this happen on a few accounts that got up to -$8,000+ in total. Yep, 8grand in the hole, owed to clickbank. They didn't seek legal action but you better believe I did my best to make that back asap and then close those accounts. Otherwise those accounts have a 50% allowance hold on them like some of my older ones now do, so it's better to close them. Even most high risk products that have a price tag above $100 during approval, now require a 20% allowance.

    What happened?
    We did a huge blast, got paid wire after wire, then within 2 months like 75%+ of the promo we ran refunded (thanks to a backend provider that was shady)...

    Do your best not to get in the red, however if it's only a few bucks don't sweat it just make it back as soon as you can. As stated - NO they cannot legally go into your account and start deducting.
     
    Last edited: Nov 10, 2009
    NCMedia, Nov 10, 2009 IP