The popular affilate network Clickbank released its July newsletter to subscribers today. Probably the most interesting news for Internet marketers is that the company has finally implemented a direct deposit system for receiving our coveted payments. As you can read from the excerpts that I have reprinted below, there are some qualifying conditions for this, namely that you must have already received at least three standard check payments within a 90-day period. You must also reside in the selected group of countries that Clickbank has chosen to make available for this option.
This means that I will probably need to wait until my overall Clickbank income increases somewhat before using this option because I do not yet receive checks often enough with my current minimum threshold. Of course I could always lower the threshold to the minimum of $10 and receive enough checks to qualify for the direct deposit, but then I would not have the actual checks available to use for those enticing Clickbank payment proof posts like the one I published back in May.
Meanwhile, if you’re just looking to make more money from Clickbank and would like some tips and strategies for how to do this, you can read through my bum marketing methods page where I have put together some of the best advice that I have gleaned from emails, newsletters, case studies, and my own experience.
Direct Deposit is Here!
ClickBank is pleased to offer Direct Deposit (ACH & XACH) into both domestic and international bank accounts to eligible clients, at no extra charge.
Direct Deposit is a fast and reliable method for receiving your account payments. Additionally, it allows you to receive payments in your local currency, alleviating unnecessary bank fees.
To be eligible an account must have first received three paper paychecks within any 90-day period. Additionally, only accounts in the following countries are eligible at this time: Australia, Austria, Belgium, Canada, France, Germany, Ireland, Mexico, The Netherlands, New Zealand, Spain, Switzerland, the United Kingdom, and the United States.
For more information about direct deposit refer to the 2008-07-15 Release Summary.
Tools and Tips — Enabling Direct Deposit
To enable direct deposit within your account, follow the instructions below. For more detailed information, including screen shots, refer to the Direct Deposit Release Documentation.
Steps to enable Direct Deposit:
- Login to your ClickBank account.
- Click on the “Account Settings” tab.
- Click “Edit” next to “Payment Information”.
- Select the “Direct Deposit” payment method radio button.
- Add the requested data to the direct deposit information area.
- Click “Save Changes”.
- The system displays a notification in your account and sends an email to the email address you have listed as your “Account Email” with instructions for completing the enrollment process.
- Go the email account specified in your “Account Email” address.
- Locate the email recently received from “ClickBank Notifications” and follow the instructions provided in the email.
That’s it! You’ll receive a confirmation email from us that the change has been made.
Read the rest of this entry »