ClickBank and the Latest PayPal Refund Coverage Changes
Issues occur so quick on-line that generally I can just about sustain with them. In case you’ve got missed it, PayPal has announced that starting in August of 2010, there are going to be adjustments made to their refund policy. I actually discussed this in an earlier article. However, what I didn’t have in mind was ClickBank and the way it impacts them. Marvel how? Effectively, maintain studying and you will find out.
First, I have to clear up some confusion from my earlier article. I’ll have talked about that the new refund coverage will now cost the affiliate or service provider 30 cents plus 2.9% of the sale price. That is an error. It is ONLY 30 cents cost per refund…not less than as of now. Who knows what is going to happen sooner or later? However for now, it’s only going to cost you an additional 30 cents for each item refunded.
However what does this need to do with ClickBank? Nicely, it has everything to do with them. In case you’re not aware of this, ClickBank now allows patrons to buy by their PayPal accounts. So, on condition that, what do you suppose occurs when a type of PayPal consumers requests a refund? You got it. ClickBank is the one who has to pay PayPal their 30 cents per transaction. Do you assume they are going to eat this price?
Effectively, I didn’t suppose so. But I needed to make sure. So I contacted my ClickBank consultant and asked her. The response I acquired wasn’t a particular one but she did not foresee any adjustments to their policy relating to refunds, that means that she did not see the price being passed on to us. Discover the word, foresee. Doesn’t precisely make me feel all heat and fuzzy inside.
Nevertheless, that’s how issues stand as of this writing. I do not know what the long run holds for us. I by no means thought that PayPal would start charging us for refunds, however I assume that was naive of me. In spite of everything, it DOES cost them money each time they have to course of a transaction. Similar for ClickBank. Gee, I am nonetheless not feeling all heat and fuzzy.
Anyway, this is what you can do to reduce your refunds. Promote products of high quality and be up entrance about things on your gross sales page. I do know, it is a novel idea for some folks, however it works. I can rely my month-to-month refunds on lower than one hand. So the extra buck out of my pocket won’t kill me.
What about YOU?
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