Clickbank Launches Recurring Billing!
Wednesday, June 20th, 2007 at 10:40 am by Anik Singal
Last night I was just randomly logging in to check my affiliate stats (ok, I confess, I do it about every 1 hour, giggle and then log-off). But, yesterday, my giggle was stopped DEAD IN IT’S TRACKS!
Actually, I almost damn near fell out of my chair when I read that my old dinosaur friend, ClickBank was FINALLY listening to their customers and releasing a feature I think they should have released AGES ago (at least 3 years ago when I wanted it).
See, the biggest appeal behind ClickBank has always been that you can easily (instantly) start promoting products as an affiliate and get paid ON THE DOT every 2 weeks. Also, as an advertiser, you can launch a product fairly quickly and have access to a huge pool of affiliates. In today’s age, it’s hard to find a serious affiliate who does not already have a Clickbank ID.
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Their used to be a couple of main problems.
#1 - They didn’t accept Paypal (they were forced to correct this with the launch of PayDotCom.com - thanks to Mike Filsaime).
#2 - As an advertiser, you could only sell a “onzie” product - that meant I couldn’t generate a recurring income!
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Well as of yesterday, Clickbank released their recurring billing so now both the advertiser and publisher can each make a recurring income. Here’s a few things ClickBank is priding themselves on regarding the recurring billing system:
1. No Monthly Fees (Just the transaction Fees)
2. No Integration Needed - No Software/Scripts To Install
3. Reduced Authorization Declines - If you do any recurring billing, you know what a pain “failed payments” can be - well, ClickBank says they have a system to help decrease that (read more about it here…)
4. Full Subscriptions Reporting
You can grab the full details here…
My hats off to you ClickBank, I think this is going to be a huge hit in 2007 - but you really should have done this earlier!
For More Information:
1. ClickBank Press Release
2. Recurring Billing FAQ
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Filed under: Affiliate Marketing
Also they need to change their policy of paying only when a certain combination of sales occur. Such as so many from sources, credit cards, etc. Who knows how much unpaid commissions they are holding of those that haven’t and never will meet their requirements. When a sale is made the commission should be paid not held until some quota or etc is met.
Larry