As a ClickBank affiliate, you have the option to promote hundreds of products across several categories. Once you have created an account with ClickBank and you start earning commission, the next big question is: How do I get paid on ClickBank?
Getting paid on ClickBank requires that you set up your payment method right after account registration. You’ll need to select a payment method and pay schedule to start receiving a commission on time.
How does it work?
Let’s find out…
How to Get Paid on ClickBank
There are four payment methods that affiliates can use to get paid on ClickBank. These include:
- Check
- Direct deposit
- Wire transfer
- Payoneer.
Let’s discuss each of these payment methods in detail and see how you can get paid via each.
1. Check
It is the default payment method in ClickBank. If you haven’t selected any payment method yet, you’ll receive a paper check at your email address.
Here is how a ClickBank check looks like:
You can deposit the check into your bank and it will be credited in due time.
There are a few things that you need to know before you use check as your preferred payment method:
- ClickBank sends paper checks to your address mentioned in your ClickBank affiliate account. Make sure it is correct
- The check will be on the exact name mentioned in your CB account. Ensure that your name matches the name of your bank to avoid clearance issues
- You can’t cash the check. It must be deposited in a bank account that’s in your name
- All checks issued by ClickBank have an expiry of 6 months or 180 days. If the check isn’t deposited in the account within 180 days, it will be canceled. Your commission, in this case, will be refunded and credited into your ClickBank account
- There is no minimum payout requirement. The minimum payment threshold is $10.
Is Check Right for You?
Check is the best option for new affiliates. You can get it delivered to your doorstep. And you’ll then get money into your bank account. This means you can use affiliate commission without any restrictions through your bank’s debit card or check.
2. Direct Deposit
The problem with check payments is that it takes a lot of time. You might have to wait for a month or more to have the check delivered to your country. This gets frustrating.
Direct deposit is a quick way to get funds in your bank account within a few hours. There is no fee for direct deposit and it works seamlessly. However, there are two key things to note about this payment method:
- Direct deposit is available in some selected countries. Here is a list of the supported countries
- ClickBank will charge a higher than normal currency conversion rate than market or competitors.
The minimum payout threshold for direct deposit is $10. You’ll get funds in your local currency for immediate use.
Is Direct Deposit Right for You?
If your country is supported, go for direct deposit.
The best thing about direct deposit is that it is fast. You’ll receive payment instantly in your account. Don’t worry about the currency conversion fee, it is negligible as compared to the market rate.
3. Wire Transfer
What if you want to get paid quickly but your country isn’t available in the direct deposit list? In this case, you can get paid on ClickBank via wire transfer.
ClickBank offers wire transfers in all the countries where the international direct deposit isn’t available. Here are a few things that you need to note about wire transfers:
- Wire transfer is sent in USD only
- ClickBank charges $35 per wire
- You’ll have funds in your bank almost immediately (depending on your country and bank). Some banks need more time but it is sent immediately.
Yes, wire transfer costs your $35 per payout and this makes it the least favorable method of getting paid on ClickBank.
Is Wire Transfer Right for You?
It is suitable for large ClickBank affiliates who earn in thousands and their country isn’t on the direct deposit list. If you are getting paid a few thousand dollars, paying a $35 fee doesn’t seem to be too much.
4. Payoneer
Are you a Payoneer user? If so, you can get paid via Payoneer.
Payoneer is an international payment transfer service that lets you get paid in different currencies and you can withdraw your earnings in the local bank or use the Payoneer card for ATM withdrawals or shopping:
You’ll need to select direct deposit and add your account details as provided by Payoneer. Your direct deposit will be sent to your Payoneer account.
So, Payoneer works in all the countries and it lets you use ClickBank direct deposit even if your country isn’t on the list. You’ll be paid in your preferred currency without conversion. This means you won’t be paying the conversion fee to CB.
Is Payoneer Right for You?
Payoneer is a perfect way to get paid on ClickBank for established affiliates. If you don’t have an account yet, you can create one for free here. The setup and approval need some time but once you’ll be through, you’ll be able to receive payments easily.
How to Change Your Payment Method
When you create an account with ClickBank, the default payment method will be set to check. You can change it to your preferred method.
Follow these steps to update your payment method:
Step #1
Sign in to your ClickBank account here:
Step #2
Click Account Settings in the top menu:
Step #3
Scroll down to Payment Information and click Edit:
Step #4
You can change payment threshold, payment method, and frequency:
Add your direct deposit or check information as instructed. Once you are done, click Save Changes to update your payment method.
If you want to get paid via wire transfer, submit a request to ClickBank support as mentioned here. You can’t set up a wire transfer from your account yourself. It is updated by ClickBank.
Choose the Right Payment Method for Your Account
If you are a new affiliate on ClickBank, your best bet is to go with the check. No need to change it for now. Just increase the payment threshold to $100 or more.
Once you’ll start earning commission, you can then change it to direct deposit or Payoneer. Check the list of direct deposits and see if your country is listed there. If it isn’t, create a Payoneer account.
In the long run, Payoneer and direct deposit should be your preference.
Featured Image: Pexels
