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