Anyone using Clickbank for recurring transactions?

by Anthony Hull 27 replies
Hey Warriors,

I'm setting up a membership site that I'm running with a partner (another warrior) and for this partnership I'll be taking the payments from customers due to him having certain restrictions in his country.

Up until now, I've always used Paypal for recurring transactions and I'm very happy with them but since I'm going to be running this membership site as a joint partnership, I want to be able to:

1) Allow my partner to be able to see the money in the account, as I use my main paypal account for other businesses, I won't want him seeing what's there. So with Clickbank, can't I setup a new Clickbank account just for this membership site that we're going to run together?

2) I want to have an affiliate program and Clickbank seems the better solution since affiliates are already registered on there and also they trust that Clickbank will always pay their commissions and pay them on time whereas if they don't know me personally, they might not trust me as much as they would trust Clickbank to pay them. Also it means that I don't have to manually deal with affiliate payments each month which is a plus!

Now, I know Clickbank have a few restrictions like minimum trial fee is $4.95 and there are limits on the recurring fee too but they don't seem to be restrictive for me since it will be a $37/month membership with a $9 trial. I also know about their 60 day guarantee but again, this isn't a big deal since I'm providing new content each month with my site which should help to retain members.

What I would like to know is, if people have used them and how is it working out?

When a customer refunds, does clickbank automatically send a HTML post to your membership script so that your member's account can be disabled automatically?

Do clickbank pay me every 2 weeks via bank transfer to my UK business bank account and if so, are there any charges?

Hmmm, I think that's all the questions I have for now!

Any advice will be much appreciated.

Cheers

Anthony
#main internet marketing discussion forum #clickbank #recurring #transactions
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  • Profile picture of the author Alexa Smith
    Banned
    [DELETED]
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    • Profile picture of the author ildarius
      Good advice
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      • Profile picture of the author Anthony Hull
        Originally Posted by ildarius View Post

        Alexa is right...


        Fraudsters will be all over your business too.... ask for ids dude
        Hi ildarius,

        If all the money is going into my clickbank account with this new business then I'm not sure how I can be affected by fraudsters?

        Surely my business partner should be asking for MY id

        Cheers,

        Anthony
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    • Profile picture of the author Anthony Hull
      Originally Posted by alexa_s View Post

      Hi Anthony, sorry I can't answer your questions above, but just be aware that if you're effectively processing the payments for your business partner and collectng his share on his behalf, there'll be tax implications for you. Not necessarily insuperable ones, given the right receipts from your friend to you, but the time to think about that is before you start this arrangement, not after you have a problem with it. Good luck with the business.
      Hi Alexa,

      Thanks for the warning but hopefully it should be ok. I ran a partnership like this before but at that time I actually allowed my business partner to look into the paypal account lol, as the only money I was earning was from that one business.

      All my accountant did, was to class any payments from my paypal account to my partner's paypal account as a "commission" and therefore a business expense and non-taxable.

      For this latest arrangement, my business partner will simply send me a 2checkout invoice which I'll pay from my paypal account. This invoice will then be classed as an expense (my partner's commission).

      Cheers,

      Anthony
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  • Profile picture of the author briankoz
    Hey Anthony,

    One of my partners and I launched www.4minutemoney.com as a Clickbank membership site. I love the simplicity of it. It does require a few mods/tweaks to work well with some membership sites, but definitely worth it.

    It also is great because you'll gain extra affiliates as people search for recurring commission Clickbank products.

    - Brian
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  • Profile picture of the author briankoz
    Hey Anthony,

    One of my partners and I launched www.4minutemoney.com as a Clickbank membership site. I love the simplicity of it. It does require a few mods/tweaks to work well with some membership sites, but definitely worth it.

    It also is great because you'll gain extra affiliates as people search for recurring commission Clickbank products.

    - Brian
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    • Profile picture of the author Anthony Hull
      Originally Posted by briankoz View Post

      Hey Anthony,

      One of my partners and I launched www.4minutemoney.com as a Clickbank membership site. I love the simplicity of it. It does require a few mods/tweaks to work well with some membership sites, but definitely worth it.

      It also is great because you'll gain extra affiliates as people search for recurring commission Clickbank products.

      - Brian
      Hey Brian,

      Thanks for that I'm glad to hear that it's working well for you which puts my mind at rest lol. And yes, using clickbank for their affiliate base was also one of my motivators for wanting to use them.

      Cheers,

      Anthony
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  • Profile picture of the author briankoz
    The fact that it's hassle free is also awesome. The less work I have to do, the better.

    Brian
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  • Profile picture of the author Ron Douglas
    Doesn't the refund policy still suck though for membership sites with Clickbank? Most membership sites only offer cancellations and no refunds on payments received. However, with Clickbank they will give a refund to anyone with no questions asked. Serial refunders could access thousands of dollars worth of content in your membership site for free.

    I don't mind giving a refund, but membership sites are different than ordinary ebooks. With their policy, a member can use your services for two months (60 days) and then refund both months. Correct me if I'm wrong.
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    • Profile picture of the author matthewd
      Originally Posted by Ron Douglas View Post

      Doesn't the refund policy still suck though for membership sites with Clickbank? Most membership sites only offer cancellations and no refunds on payments received. However, with Clickbank they will give a refund to anyone with no questions asked. Serial refunders could access thousands of dollars worth of content in your membership site for free.

      I don't mind giving a refund, but membership sites are different than ordinary ebooks. With their policy, a member can use your services for two months (60 days) and then refund both months. Correct me if I'm wrong.
      That's what I am running in to. I am creating a membership site and I have been planning on running it through Clickbank b/c I run my ebook through it, but the whole refund rather than cancel thing doesn't seem right to me... especially if I am going to offer some sort of a trial period.
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    • Profile picture of the author Anthony Hull
      Originally Posted by Ron Douglas View Post

      Doesn't the refund policy still suck though for membership sites with Clickbank? Most membership sites only offer cancellations and no refunds on payments received. However, with Clickbank they will give a refund to anyone with no questions asked. Serial refunders could access thousands of dollars worth of content in your membership site for free.

      I don't mind giving a refund, but membership sites are different than ordinary ebooks. With their policy, a member can use your services for two months (60 days) and then refund both months. Correct me if I'm wrong.
      Good point Ron...

      I've decided to stick with my trusted friend paypal (I've already dealt with the "large amount of money in short time and send ton of documentation problem) so that should be fine.

      My business partner says it won't be a problem that he can't access my paypal account and will just rely on the stats in the membership script we're going to be using.

      Cheers everyone for your input!

      Anthony
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  • Profile picture of the author briankoz
    Actually, be VERY careful when comparing one time Clickbank payments with recurring Clickbank payments. What holds true for one, doesn't always hold true for the other.

    I've actually found a HUGE added benefit with Clickbank -- the retention rates seem to be higher with CB. We offered Paypal to a select few on that same site, and the retention rate with CB appears to actually be higher.

    My theory, which again is just me "guessing," is that because CB recurring requires a credit card (although Paypal debit cards work fine too), people are less likely to cancel out of it compared to Paypal. I'm guessing it's because with Paypal, most people don't have thousands in there so if they see it drop by $49 (or whatever) each month, they're more reminded of that charge than if they get it on their credit card statement with everything else ($49 is nothing compared to all those other charges they probably have), and canceling Paypal is just as easy if not easier than canceling Clickbank.

    Do some people take advantage of Clickbank's refund policy? Sure! However, I think the added benefits of Clickbank outweigh the disadvantages (getting more affiliates, easier to operate, more trust from buyers, etc.).

    I've seen people take more advantage of one time payment products with CB than I have with recurring payments.

    Again, I would caution taking advice unless someone has actually done this themselves.

    Brian
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    • Profile picture of the author Anthony Hull
      Originally Posted by briankoz View Post

      Actually, be VERY careful when comparing one time Clickbank payments with recurring Clickbank payments. What holds true for one, doesn't always hold true for the other.

      I've actually found a HUGE added benefit with Clickbank -- the retention rates seem to be higher with CB. We offered Paypal to a select few on that same site, and the retention rate with CB appears to actually be higher.

      My theory, which again is just me "guessing," is that because CB recurring requires a credit card (although Paypal debit cards work fine too), people are less likely to cancel out of it compared to Paypal. I'm guessing it's because with Paypal, most people don't have thousands in there so if they see it drop by $49 (or whatever) each month, they're more reminded of that charge than if they get it on their credit card statement with everything else ($49 is nothing compared to all those other charges they probably have), and canceling Paypal is just as easy if not easier than canceling Clickbank.

      Do some people take advantage of Clickbank's refund policy? Sure! However, I think the added benefits of Clickbank outweigh the disadvantages (getting more affiliates, easier to operate, more trust from buyers, etc.).

      I've seen people take more advantage of one time payment products with CB than I have with recurring payments.

      Again, I would caution taking advice unless someone has actually done this themselves.

      Brian
      Arrgh! I think I'm swaying over to using Clickbank again!! HAHA

      Great points Brian and you've confirmed what I was thinking a few hours ago... I wonder if you're an Aries because we sure do think alike lol.

      Cheers,

      Anthony
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  • Profile picture of the author briankoz
    Haha, actually, it's my birthday today, so I think that makes me a Libra.

    And on that note, I'm about to head out, but I'd definitely give Clickbank a try. I thought the same thing at first (Clickbank -- higher refund rates, less control, etc.), but in hindsight, I think it was a good decision.

    I'll definitely be using it in the future too.

    Brian
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  • Profile picture of the author Anthony Hull
    HAPPY BIRTHDAY! Hope you have a good one Brian

    Thanks again

    Anthony
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  • Profile picture of the author samstephens
    When a customer refunds, does clickbank automatically send a HTML post to your membership script so that your member's account can be disabled automatically?
    Yes, it sure does!

    DLGuard can handle all of this for you - cancellations, refunds, and chargebacks.

    Clickbank will notify DLGuard, and DLGuard will expire a customer's account when the time they've paid for expires.

    Or in the case of a refund or chargeback, they're instantly blocked from access to your membership area.

    cheers
    Sam
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    • Profile picture of the author Marie Pugh
      I have just been through setting up a membership site with Clickbank and DL Guard. I wanted to take advantage of the affiliates that are already going through Clickbank for products to promote, and I like that they handle the affiliate payments for me.

      I belonged to a membership site that I had paid through Clickbank earlier in the year, and I never received a notice from them every month. In fact, I had sent an email to the owner of the site to cancel, and assumed it had been canceled. I only recently realized that I was still being charged for it:confused:

      So, I don't know how it will work for sure - but I never received any monthly notifications like I do with my Paypal memberships.

      Good luck!

      Marie
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  • Profile picture of the author sakthiganesh
    Few days back i have changed my focus to recurring commission rather than one time click bank commisions.And i have got some few conversion on this.But i don't know whether they continue to the coming months or not .

    I will update my status in coming months.
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  • Profile picture of the author Mohammed Hammad2
    Originally Posted by Anthony Hull View Post


    1) Allow my partner to be able to see the money in the account, as I use my main paypal account for other businesses, I won't want him seeing what's there. So with Clickbank, can't I setup a new Clickbank account just for this membership site that we're going to run together?
    YES, you absolutely can

    Sorry but the other questions, I don't have enough information to answer them. Just wanted to answer the one I knew maybe it would be helpful to you.

    Best Regards
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    • Profile picture of the author Alexa Smith
      Banned
      Well, there you go: the question was asked in 2008, but finally it got an answer in 2012. Maybe partly because so many of these things at ClickBank have changed so dramatically over the intervening years.
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      • Profile picture of the author Mohammed Hammad2
        Originally Posted by Alexa Smith View Post

        Well, there you go: the question was asked in 2008, but finally it got an answer in 2012. Maybe partly because so many of these things at ClickBank have changed so dramatically over the intervening years.
        WOW, sorry Alexa, I didn't notice that this question was in 2008, I just saw it in the first page so I though it must be new
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  • Profile picture of the author michleadwing
    hey anthouny hull i also want to open a partnership site.now i want to know will you have any problem with your partner?if you have please share with me.
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  • Profile picture of the author calebmann
    i see, i was using it for a while but switched to paypal for personall reasons. Overall clickbank was pretty easy to use. i enjoyed it!
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  • Profile picture of the author Earn.cx
    Hey guys,

    When creating a clickbank product and trying to get approval,

    If our price is reasonable like $4.95 trial then $37/mo is it easy to get approved?

    Do they demand proof of letters of testimonial?
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