If you're getting into affiliate marketing, one of the most popular places to start is ClickBank. It's easy to use, and well-tried.
But if you're a beginner and not yet very good at marketing, you could lose the money that you have earned so far.
One of my colleagues had earned about $23 in his ClickBank account, but as he wasn't really promoting his links very well, he just didn't get any more sales for quite some time. When finally he went to check his balance, he saw that it had fallen to $16, and there were a number of small ($1 and $5) transactions on the account. He couldn't understand what they were, so I investigated for him.
It turned out that those charges were for a «Dormant account». In ClickBank's world, this means an account that has a positive balance, but no transactions for an extended period of time.
I investigated further and found that the following scale of charges are applied:
$1 if the account is dormant for 90 days
$5 if the account is dormant for 180 days
$15 if the account is dormant for 365 days
ClickBank pays out at 2-weekly intervals, and it is at those times that the charges are levied.
The charges are applied at every payment time.
So if you account has been dormant for 180 days, you will be charged $5. If your account has still been dormant for 180 or more days 2 weeks later, you will be charged $5 again. And again, and again until your account becomes active again, or your balance reaches $0.
My colleague never received any money from ClickBank. His balance didn't reach the payment threshold, so he didn't get sent any money, and his account stayed dormant long enough for his $23 to be completely consumed in charges.
How many other people have suffered this fate?
Perhaps you now understand why I think Click2Sell is a much better alternative.
4 comments:
lost $96 that way. Didn't check my account for a over a year. Starts off with $1, then 5, then 15, until they deplete your account :((
Sad.
What a scam! I just lost $60 that I didn't even know I had earned!
It's not really a scam because it is laid out in their policy documents. However, I'm sure they know that most people don't read documents like that, which is probably why they've buried it in there.
I posted the original article because I thought it was a bit underhand, and people should be made aware of it.
you need to make $100 from 5 different credit cards before they send you a check, i feel bad for the person who made the first post lol... he/she was $4 away from getting $100
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