Receiving payment from Clickbank with Wise. How it works

Receiving payments from platforms such as ClickBank, especially from abroad, can get complicated. Having a local US bank account can help avoid long transfer times or exchange rate hassle.

In this article, we’ll look through the payment options ClickBank provides, how they all work and introduce a hassle-free option in the Wise Account which can enable you to receive payments like a local, even if you are based in Australia or overseas. Let’s jump right in.

💸 Looking for a stress-free international business account to pay and receive from abroad like a local? With multiple cards, AUD and foreign currency account details?

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Who is ClickBank

ClickBank is a huge American online platform that caters to e-commerce. It is based in Boise, Idaho. Sellers of digital products can take advantage of its marketplace to sell their products internationally.¹

ClickBank also connects these sellers to thousands of affiliates who are able to promote these products to their own audience in exchange for a commission. This in turn brings in many more affiliates who wish to generate income promoting these products online.

Can Australians join ClickBank

Yes, ClickBank accepts Sellers and Affiliates from most countries in the world, including Australia. If you are an affiliate marketer from outside the US, say in Australia, it becomes a serious consideration how you withdraw the income you generate on the platform in USD to your local currency (AUD in Australia). You may also be looking for a service that allows you to receive your USD payments and store them in USD for later use in your business.

What are the payout methods of ClickBank in Australia

ClickBank offers a host of payout possibilities. Here they are below:²

1. Check/Cheque

Payment via check/cheque is one of the original methods ClickBank paid via. In fact, it is the default payment method for all accounts and those who wish to be paid via any other option will have to edit their account payment method.

2. Direct deposit or transfer to bank accounts

This is a payment option that transfers your money directly into your account. This option is available for US accounts and a list of countries (Australia included) which you can find here.

Note that for international transfers (also known as International Direct Deposit — XACH), the SWIFT network may be used causing intermediary bank fees which may reduce the amount you receive in your account. Your receiving bank may also convert the money into AUD at their own exchange rate. A rate that may not be to your benefit.

3. Payoneer

Payoneer accounts are able to receive payments from ClickBank.

4. Wire transfer

For countries not listed on the Direct deposit supported list, ClickBank can organise a Wire transfer if you request it.

As mentioned above, international wire transfers can also pass through intermediary banks, which may charge their own processing fees, thereby reducing the amount the final recipient account gets credited.

What are the payout frequency of ClickBank

With ClickBank, you can select a payment frequency of:³

• Weekly
• Bi-weekly

You’ll usually get your payment issued on Fridays, 2 days after your selected pay period ends. You do have to reach a payment threshold which you can set from $10 USD to $1,000,000.

Can Wise account details be used to receive payments from ClickBank?

Yes, you can use your Wise USD details to receive payments into your Wise account. You’ll have to choose direct deposits (ACH) to receive the USD payments for free as Wise charges a flat fee of $4.14 USD fee for USD wire transfers.

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.

What account details does Wise offer

Now that we know how payment works on ClickBank, let’s see how a Wise Account can help you get around the hassle of opening a bank account in the US or receiving less than you earn with an international payment to your Australian bank account.

With a Wise Business account, you can order local account details in 10 world currencies including USD. These local USD account details work just like any regular account number in the US. Wise provided USD account details come with:

• account name — your name as it appears on your Wise account
• account number
• routing number(s)
• SWIFT code — for international payments from countries other than the US
• local US address — if your payer needs to include an address, use: Wise, 30 W. 26th Street, Sixth Floor, New York, NY, 10010, United States.

Here’s our guide on how to get local account details and what you can do with your USD account details.

How to add your Wise account details to ClickBank

To add your Wise USD account details to your ClickBank account, you can sign in to your account and follow these steps:⁴

1. Click on the account settings tab
2. Click edit on your payment information link
3. Select the option for direct deposits
4. Add your Wise Account USD details including the account and routing numbers
5. Accept the terms and conditions, then click save

What are the ClickBank fees for withdrawals

ClickBank charges a pay period processing fee of $2.5 USD for every payment it sends. Keep this in mind when selecting your pay period frequency.

How long do payments from ClickBank to Wise take

This depends on the payment method selected. ClickBank claims that direct deposits take 1-2 days for US-based accounts — like the Wise USD account details.⁴

How to get your payment from Wise once received

Once you receive money into your Wise Account, you can either spend it using a Wise Debit card which you can order for your account or transfer it locally in your local currency to your bank account.

Wrapping up

The Wise Account can turn a real head-scratcher (getting local account details in the USA) into an easy online process. You can use the business version to keep your business income separate from your personal finances.

The Wise Business account lets you make international transfers in over 40 currencies to 160+ countries. Each transfer has a small upfront fee and is made using the transparent mid-market rate as you’d see on Google.

You also get local account details in 10 major currencies, including USD, EUR, GBP, NZD and AUD.

Find out if Wise can help your business save money and accept international payments like a local.

Register for a Wise business account
in minutes 🚀

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.

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Sources:

1. ClickBank about us
2. How do I get paid ClickBank
3. When do I get paid ClickBank
4. How to enable direct debit on ClickBank
5. ClickBank payment fees

Sources checked on: 04 October 2023