I'm a fairly well established Clickbank vendor promoting and selling my own product.
I am based in Australia and am paid by Clickbank weekly into an Australian based bank account.
As you would know, your 'Payment Net Balance' that is displayed within your reporting section of your Clickbank account is reflected in US dollars.
It is then paid in your local currency to the account you have listed within Clickbank.
This is where the problem is...
Over the last 3 payment weeks the conversion Clickbank is using from US$ to AU$ is stating that the Aussie dollar is worth MORE than the US Dollar!
So for example, US$2000 is being converted into AU$1900.
I have checked the conversion rates for the last few weeks and not once has the Aussie $ beens stronger than the US.
I also found out that Clickbanks bank is 'Wells Fargo' and from checking their currency conversion it confirms my fear that they are treating the $AU as more powerful than the US.
Have any other Australian based vendors been experiencing this problem?
How can Wells Fargo be getting away with such inaccurate currency conversion?