Clickbank Sucks

So you've probably heard that Clickbank does sales in foreign currencies. It's something that is set up by default, so when someone from Canada lands on the order page, the Canadian currency is the price. Clickbank shares its overly altruistic views that this is just going to make affiliates all the more better. It is not. There are two reasons why this is bad and one of them is the money grab.

Psychologically

If you're on a sales page and you see a price of 37 for a product. You're thinking that's pretty good, so you go to buy it and guess what's staring back at you. $54. It just looks weird. It's like a slap in the face. Suddenly you have to reconsider.

Money Grab

This shows the filth of Clickbank. They want and hope people make lots of foreign currency sales because they make an additional 6% revenue per sale. I'll prove it to you.

See, when a business does a foreign currency sale it takes a percentage more. It's just to protect themselves of any loses that could be experienced with changing currency prices. Typically banks will take 1-2.5%. Clickbank will take 3%. Check it out. If you're an American, get a Canadian proxy and go to a sales page. Use the exchange rates at xe.com and compare. You'll see the price is 3% more.

That's just one side of it. The other side is that this foreign currency sale is credited back on your affiliate account as US dollars. Guess what, they take an additional 3% on the conversion back to US dollars on your account.

How does it feel to get jacked out of an additional 6%?