Clickbank Rejecting Forex Products?

33 replies
This is new to me, can anyone confirm? If so, what is the alternative with the most affiliates?
Surely if they are rejecting new products they MUST remove all existing vendors? How can they say "we do not accept this type of product" yet allow existing vendors to promote them?!
#clickbank #forex #products #rejecting
  • Profile picture of the author Alexa Smith
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    Originally Posted by theforexgeek View Post

    Surely if they are rejecting new products they MUST remove all existing vendors?
    This isn't what they normally do, at all. For example, when they tightened up last year over some changed FTC policies and stopped approving some of the more obviously fraudulent representations on the sales pages of newly submitted products, they made no apparent effort to change exactly the same things on pages previously accepted.

    Originally Posted by theforexgeek View Post

    How can they say "we do not accept this type of product" yet allow existing vendors to promote them?!
    It does seem a little strange, at first. However, there may be (and presumably are?) logical explanations for it. ClickBank (as is also true of PayPal, 2Checkout, Plimus under their new name, and other businesses) have to make these changes in accordance with the demands of their own upline financial service providers, and that's why "those businesses" all seem to change their policies at around the same time. It may be that what they really have to do is confirm a change of acceptance policies, without necessarily disturbing what they've already accepted in the past, when they had different acceptance procedures. If they can get away with that ... :confused:

    I agree it does seem a little strange.

    Ezine Articles is similar, in a way: they've changed their acceptance procedures (editorial guidelines) but the database is still full of previously accepted, now non-compliant stuff.

    It must be a nightmare for them to keep checking everything all the time, but the general trend is still one of improvement.

    Good luck in finding a home for your product. Clicksure may be worth a look, if you want to do business with a much newer Chinese company who seem to specialise in accepting all the products that everyone else declines.
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    • Profile picture of the author rosetrees
      Originally Posted by Alexa Smith View Post

      Clicksure may be worth a look, if you want to do business with a much newer Chinese company who seem to specialise in accepting all the products that everyone else declines.
      I think (??) that's an excellent example of the old saying - "damning with faint praise".
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  • Profile picture of the author theforexgeek
    There seems to be a grey area here...Can anyone confirm 100% that clickbank DO NOT accept NEW forex products anymore?
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    • Profile picture of the author MilesBaker
      That's strange, but not surprising. ClickBank really seems to be moving in the direction of lowering risk. Perhaps your product and some of the statements were just too risky for them. I would respond and ask them, you can also email/call them and see if you can get an answer.
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  • Profile picture of the author phowell23
    There have been a ton of new Forex product launches on Clickbank within the past 30 days. So they are still accepting them but maybe tightening down some on which ones get in.
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  • My forex trading product was approved by Clickbank early this year (January). The product does not offer promises of making a certain amount with forex trading, it just guides you on how to get started with forex trading.
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  • Profile picture of the author theforexgeek
    Were those accepted non-automated products? The only reason I can think of is because my software is automated, but there are TONS of automated forex systems on Clickbank already!

    I have had to change a sales page before to get accepted but I was not even given that choice this time. I have asked them why I was rejected and awaiting a reply.
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    • Profile picture of the author Cool Hand Luke
      Originally Posted by theforexgeek View Post

      I have asked them why I was rejected and awaiting a reply.
      Since they're the only ones who can say with certainty why your product wasn't approved, you're going to have to wait for a response from them. Nobody on the forum here could tell you anything besides a few guesses as to what *might* be happening. Wait for CB to get back to you, it shouldn't take more than a day or so.
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    • Profile picture of the author phowell23
      Originally Posted by theforexgeek View Post

      Were those accepted non-automated products? The only reason I can think of is because my software is automated, but there are TONS of automated forex systems on Clickbank already!

      I have had to change a sales page before to get accepted but I was not even given that choice this time. I have asked them why I was rejected and awaiting a reply.
      I'm promoting an automated Forex product right now that was just released a few weeks ago. I agree though wait on CB. They normally respond within 24 hours but with it being the weekend they may not respond until Monday.
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  • Profile picture of the author theforexgeek
    If they dont give me a reason for rejection or reject me again is it worth resubmitting a product approval request ticket after making a few changes to my sales page? I am thinking it may be due to the sales page or maybe I was just very unlucky with the member of staff who reveiwed it. Seems CRAZY that people have released forex robots in recent weeks on clickbank and I was rejected because "they have had problems in the past with similar automated trading software"....
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    • Profile picture of the author phowell23
      Originally Posted by theforexgeek View Post

      If they dont give me a reason for rejection or reject me again is it worth resubmitting a product approval request ticket after making a few changes to my sales page? I am thinking it may be due to the sales page or maybe I was just very unlucky with the member of staff who reveiwed it. Seems CRAZY that people have released forex robots in recent weeks on clickbank and I was rejected because "they have had problems in the past with similar automated trading software"....
      If you want, PM me your site's sales page and I'll be happy to look it over and see if it's on par with others I've promoted.
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      • Profile picture of the author theforexgeek
        This is the Clickbank (Tessa C) reply:

        I did not say that ClickBank does not accept Forex software. We do. What ClickBank does not accept is automated trading software, which means we do not accept any software that places the trades automatically on behalf of the customer. If this software generated suggestions and notified the customer the best times to place the trades, this would be a software we could consider because it requires the customer's manual action to place the trade themselves.

        So basically they say they do not accept automted forex software (forex robots) yet they have tons of them in the market place and have allowed existing vendors to keep selling forex robots - double standards or what?! Hypocrites! If they DO NOT ALLOW them then surely they should do a Plimus and remove them all together!

        Looks like regnow is now the best automated forex affiliate place!
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        • Profile picture of the author Alexa Smith
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          Originally Posted by theforexgeek View Post

          This is the Clickbank (Tessa C) reply:
          Thanks for the update. Interesting.

          Originally Posted by theforexgeek View Post

          double standards or what?!
          "Double standards" in the sense that whether something is sold there depends on what the acceptance regulations were at the time of its submission, perhaps, yes. (Maybe "time-dependent standards" would be a fairer description?) But that's nothing new at all, and the reasons for it are explained in post #2 above (as far as they can be "explained", anyway).

          Originally Posted by theforexgeek View Post

          If they DO NOT ALLOW them then surely they should do a Plimus and remove them all together!
          They feel not, evidently. And you can't really blame them, I suppose, if (for whatever reasons) they can get away with doing it that way.

          To be fair, ClickBank suddenly getting rid of all existing, similarly operative products wouldn't actually help you to get your own new product on the market, you know?

          Good luck!
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          • Profile picture of the author SunilTanna
            I hate this double standard argument, because it doesn't make sense if you put yourself in ClickBank's shoes even for a moment.

            Imagine for example:

            There are 100 "old" products that do X.

            Now imagine a high percentage, say 90% as an example, of them are unacceptably risky with too high refund rate, etc.. So if you were Clickbank you'd kick them out.

            If the other 10% were okay with minimal refunds & charge-backs, if you were ClickBank, you would probably decide to keep them.

            Now a new vendor comes along and says they want to do X. Would you accept them?

            Wll if I were ClickBank I wouldn't. Based on previous vendors in this category, I would know there is about 90% chance they'd cause problems.

            The fact, that through expensive trial and error, I've found a few decent "old" products in the X category, has no bearing on this calculation.

            That aside, for the OP, I have a suggestion:

            Why not offer 2 versions of your product under 2 brands/names on different sites?

            Through regnow, you can do your automated versions.

            Through ClickBank, you can simply change the software to make suggestions - this is surely virtually a subset of the automated version.
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        • Profile picture of the author 1one
          Originally Posted by theforexgeek View Post

          Looks like regnow is now the best automated forex affiliate place!
          Regnow also don't accept forex products: http://www.warriorforum.com/main-int...s-anymore.html
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          • Profile picture of the author 1one
            Shareit.com also do not accept. Damn, can anyone suggest payment processor for forex?
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            • Profile picture of the author Alexa Smith
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              Originally Posted by 1one View Post

              can anyone suggest payment processor for forex?
              See post #2 above.
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  • Profile picture of the author PerformanceMan
    They shouldn't allow 'automatic trading' software. What a great way for uninformed people to lose ALL their cash.
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  • Profile picture of the author theforexgeek
    They wont get rid of existing vendors because they make so much commission from them. They are now saying that forex robots give them problems but still allow existing vendors to sell them, it doesnt matter if you think that's right or wrong, it goes against ClickBanks OWN current policies! They do have rating system now based on refund rates, so that may be the way they "punish" existing vendors, so surely they would give new vendors a chance to prove themselves with this rating policy rather than just dismiss them right away, whilst they still allow other products in the same category. Forex robots aside, this applies to EVERY TYPE OF PRODUCT/NICHE! To say you do not allow that type of product but still have a large percentage of your market selling that product is WRONG and imo they do not rid of existing products because they make so much commission from them.
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    • Profile picture of the author Alexa Smith
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      Originally Posted by theforexgeek View Post

      They wont get rid of existing vendors because they make so much commission from them.
      Clearly.

      Originally Posted by theforexgeek View Post

      They are now saying that forex robots give them problems
      I think that's slightly missing the point of the situation.

      They make changes like this because of the demands of their own upline financial service-providers.

      If they can't get away with continuing to accept these products, they can't.

      Originally Posted by theforexgeek View Post

      it goes against ClickBanks OWN current policies!
      You seem to be confusing "acceptance policies" with policies relating to what they sell.

      In your mind, what they sell and what they accept ought to be identical. You're the only one who thinks that, but that seems to be your stumbling-block, here. I agree that it's a little anomalous when they're not, but things like that sometimes happen (as in the Ezine Articles analogy I offered you above).

      Originally Posted by theforexgeek View Post

      surely they would give new vendors a chance to prove themselves with this rating policy rather than just dismiss them right away
      You're still missing the point, but it's already been explained to you so many times that I dont suppose it'll serve any purpose to keep repeating it at this stage. You're going to feel "victimised" and that "they're wrong and you're right" however many people try to explain it to you. I give in.
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  • Profile picture of the author theforexgeek
    Look it's fine, I don't feel victimized in anyway, I don't mind if ClickWank refused my product that is better than 99.9% of the crap they sell (they did me a favor), it's not like they are the only option!

    I thought it was strange (and wanted to let others know) that they wont "accept" a certain product but yet still "allow" a certain product. YES, that is my opinion that I am entitled to thank you and if you think I am the only person in the world that thinks that then (you must live in a small world) that is your opinion and I respect that (although I do not agree and will not attempt to mock you for it).

    BUT,

    There is no need to speak in a condescending and patronizing manner. Your opinion is not the authoritative one.
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    • Profile picture of the author Alexa Smith
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      Originally Posted by theforexgeek View Post

      There is no need to speak in a condescending and patronizing manner.
      I didn't intend to. I got exasperated and I apologise for coming across that way.

      For the record, I'm also - so far - the only person in the whole thread who has actually offered you (in post #2 above) a positive and constructive suggestion for where you can actually sell your product without encountering such increasingly widespread and understandable difficulties, so don't be too cross with me!
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  • Profile picture of the author Alexa Smith
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    Not as much as I'd like to, DM: I'm ill-disciplined and far too easily distracted. :rolleyes:

    I did a lot of work between the end of September and Christmas, though.
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  • Profile picture of the author theforexgeek
    The plot thickens! Check out this reply from ClickWank:

    Thanks for your response and I want you to know we understand your concern. We will reach out to the vendors you brought to our attention to determine if they are selling software that does trading on behalf of the customer. We appreciate your desire to work with ClickBank and our decision to not accept this product due to the auto placing of trades still applies.

    Thank you again for understanding.

    Best Regards,

    Sheri Archambo

    Manager

    Business Services


    I mentioned that they have vendors selling automated forex software (myself included!) and they are "going to look into it"...Right, so IMO what they are saying is they do not allow forex robots (new & existing vendors) and will remove any vendors selling automated trading products...Of course they wont, they make too much commission from them as I stated before. Acting like they are not aware of the hundreds of forex robots flooding the ClickWank marketplace!

    RegNow dont allow forex products?! That's crazy because they have many forex robot vendors as well! Exact same situation as ClickWank if that is the case. Fair play to Plimus for the way they went about it removing ALL vendors.
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  • Profile picture of the author SunilTanna
    I have no dog in this fight, since I personally have zero interest in forex or promoting forex products, but how does this help you?

    Even if you get CB and regnow to ban every single forex vendor, how does it help your business?
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  • Clickbank is simply covering their backs towards the FTC and towards payment processors, due to the fact that Forex is a niche with a long history of high refunds and plenty of customer complains. Since Clickbank acts as a reseller, it's normal they limit their risk by stepping away from some specific niches.
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    • Profile picture of the author MilesBaker
      Why not make the automatic version an upsell for an extra $xx.xx per month or whatever.

      Sell the upsell to your customers via follow-up email and put the upsell on PayPal or another network.

      With every change comes opportunity!
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  • Profile picture of the author troy23
    Yes they announced last year that they would reject Forex type products.
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  • Profile picture of the author theforexgeek
    Yes Miles! I like your thinking!

    For anyone who does not know or wants confirmation, I received an email from regnow officially stating that they also DO NOT accept forex vendors anymore.

    Alexa, thanks for recommending click sure but I see they only offer limited payment options NOT including PayPal. Please correct me if I'm wrong.
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    • Profile picture of the author Alexa Smith
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      Originally Posted by theforexgeek View Post

      Alexa, thanks for recommending click sure but I see they only offer limited payment options NOT including PayPal.
      Sorry; I didn't know this.

      Thinking about it, though, that could perhaps be how they're getting away with listing all these products that people who do take PayPal are turning down? Which perhaps doesn't take you any further forward.
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  • Profile picture of the author phowell23
    You might want to try calling Clickbank and speaking to them about this issue on the phone? There have been vendors here recently who have gotten their products accepted when they were first rejected just by calling them and making the necessary changes.

    +1-208-345-4245
    +1-208-472-9500
    +1-800-390-6035
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