What's The Cheapest Way To Receive Money From Clickbank If I'm Living In The UK?

Alexa Smith

Banned 14 years ago

[DELETED]

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affilcrazy 14 years ago

As Alexa has, quite rightly, pointed out you can convert to direct deposit after you have received your first 2 cheques.

Many of the major high street banks now charge a specific one-time flat fee for clearing a "foreign cheque" as opposed to commission charges. Whereas, previously there was a 2.5% commission charge and a handling fee, I know of at least 2 of the main UK banks (Natwest and Lloyds TSB) who have converted to charging a flat fee. Depending on the amount of your cheque, this will vary from £10 - £25.

However, if you aim to consistently earn from Clickbank, it is just a case of "suffering" the first 2 cheque charges and then changing over to direct deposit, and then you never have to worry about commission charges again!

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Partha
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Will Edwards

14 years ago

Also, you can set your threshold to a high amount such as $1000 (that's what I do). That way, you only pay the amount on 1 cheque rather than many.

Will

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Steve Ranger

14 years ago

When I cash Clickbank cheques at my local Abbey bank the cashier always thinks they're fake!

Switch over as quick as possible - the fee's are extortionate here in the UK.

Thanks
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Snow_Predator

14 years ago

lol yeh, they always give you a suspicious look - especially if you've just been to the gym and are dressed in tracksuit bottoms. And you feel like you have to somehow act extra sincere, and you're trying not to seem nervous even though you aren't nervous, lol.

Originally Posted by Steve Ranger

When I cash Clickbank cheques at my local Abbey bank the cashier always thinks they're fake!

Switch over as quick as possible - the fee's are extortionate here in the UK.

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kevinfar 14 years ago

Originally Posted by Steve Ranger

When I cash Clickbank cheques at my local Abbey bank the cashier always thinks they're fake!

Same thing happens to me! I always get the question of 'what are these for?' in one way or another.

Kevin
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- zaki 14 years ago
  
  I had the same problem few years ago, the charges were very high at the time with my bank in London. But now i am on Direct deposit.
  
  Thanks
  
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Snow_Predator

14 years ago

thanks for your replies guys, I had no idea about the direct deposit thing - I'll cheque it out ... (lol..... umm nvm).

Will, I noticed that the higher the cheque amount the higher the commission (I'm with NatWest), so I'm not sure increasing my threshold will help.

Thanks
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Will Edwards

14 years ago

Originally Posted by Snow_Predator

thanks for your replies guys, I had no idea about the direct deposit thing - I'll cheque it out ... (lol..... umm nvm).

Will, I noticed that the higher the cheque amount the higher the commission (I'm with NatWest), so I'm not sure increasing my threshold will help.

Different banks have different rules, some have a commission-based system, some charge a flat fee, some do a combination of the two.

Will

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romolo 14 years ago

Ye man, direct deposit is the way forward, forget about going into the bank every time, get two payments and switch over, that's what I'll say..

Cheers Rom
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Snow_Predator

14 years ago

Ok, I've changed my account to receive direct debit.

Thanks folks. Saves me the hassle of cashing in a cheque every month. I can never find any parking near the bank.

Thanks

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Nicola Lane

14 years ago

This is an approach that I used - and clickbank is fine with it - I asked!

set your threshold at $10 and recieve your frist two cheques - but don't cash them!

As soon as you can change to direct deposit - then send your cheques back to clickbank and ask them to re-issue them as a direct deposit.

Remind them that as they have the cheques they will not need to cancel them - so they need to waive the cancellation fee.

simples!

Hope that helps

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Snow_Predator

14 years ago

That's an awesome tip for newcomers, hope many of them see this post. I've cashed a few cheques already, so won't be needing to do that. But thanks

Originally Posted by Nicola Lane

This is an approach that I used - and clickbank is fine with it - I asked!

set your threshold at $10 and recieve your frist two cheques - but don't cash them!

As soon as you can change to direct deposit - then send your cheques back to clickbank and ask them to re-issue them as a direct deposit.

Remind them that as they have the cheques they will not need to cancel them - so they need to waive the cancellation fee.

simples!

Hope that helps

Thanks

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Nicola Lane

14 years ago

Originally Posted by ProductCreator

I don't recommend the little trick to reissue the check as DD instead. I would just go ahead and pop those checks in anyway or not bother cashing them. Giving Clickbank the runaround like this is not a good way to start a relationship, in my view.

If everyone used this tactic, they would spend many man hours reissuing check money as DD, a considerable administrative burden, not to mention sending the checks in the first place.

Just my opinion that's all.

I checked with clickbank that this would be OK before I did it! it is not a "little trick" or "Giving Clickbank the runaround"

I explained that getting US dollar cheques was expensive and time consuming, they replied that they were totally happy with my suggestion.

"everyone" won't do this - most of their affiliate are in the USA where US dollar cheques are no problem. In addition if they were unhappy about it surely they would have told me?

As you can tell your suggestion that I am advocating something underhand or improper has bothered me, so I will stop here before I get to angry!

Thanks

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Stuart Turnbull

14 years ago

I've just switched over to direct deposit after a cheque went astray and CB deducted $20 to cancel it and issue a replacement!

At least direct deposit means no more lost cheques.

Thanks

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What's The Cheapest Way To Receive Money From Clickbank If I'm Living In The UK?

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