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    Is ClickBank in financial trouble?

     
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    asiajewels



    Joined: 14 Apr 2004
    Posts: 3

    PostPosted: Fri May 07, 2004 3:40 am    Post subject: Is ClickBank in financial trouble? Reply with quote

    In April my ClickBank sales dropped by significantly and I could not understand why until I read some of the posts on this board.

    This morning I received a message from ClickBank saying they had reason to believe my commission check was mailed without being signed and that my bank might not cash the check. The message said to simply mail it back (if it could not be cashed) and they would send me anther one and compensate me for the postage.

    It is hard to believe that a financial instution as large as Clickbank could make such an error with their strict security and accounting practices.

    After reading that other ClickBank members believed their sales were being delayed or processed late it occurred to me ClickBank could be stalling to raise money. This is just a theory it may not be the case.
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    jjjones



    Joined: 28 Apr 2004
    Posts: 120

    PostPosted: Fri May 07, 2004 4:32 am    Post subject: Reply with quote

    In 5 years of doing business with ClickBank they have never been late with a check.

    Sound to me like you have been the victum of a spoof email.
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    SunilTanna



    Joined: 14 Apr 2004
    Posts: 138

    PostPosted: Fri May 07, 2004 4:50 am    Post subject: Reply with quote

    I once mailed a cheque to one of my accountants and forgot to sign it. That was quite embarrassing. It happened because I was signing a bunch of cheques and mail that day, and simply forgot to sign this particular one before posting it.

    But it didn't mean that I didn't have money in my bank account.
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    wayne



    Joined: 13 Apr 2004
    Posts: 762

    PostPosted: Fri May 07, 2004 10:32 am    Post subject: Reply with quote

    In my 4+ years of promoting products through Clickbank, I have
    always received my payment on time and with no problems. One
    thing I will say about Clickbank, they are the best there is when
    it comes to receiving payments (in the US anyway).
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    asiajewels



    Joined: 14 Apr 2004
    Posts: 3

    PostPosted: Fri May 07, 2004 1:01 pm    Post subject: Reply with quote

    You folks are missing the point, I never said that ClickBank was late sending out a check, I asked a question "Is ClickBank in financial trouble".

    My commission checks have always been on time but this month I received a letter (shown below) saying my check had not been signed.

    The letter could be a spoof but if it is there is no purpose to it, I was not asked for any personal information the letter simply tells me to return the check if it does not clear, in which case I would not have access to the funds for another three or four weeks.
    .............................................................

    Hello,

    It has been brought to our attention that your recent ClickBank check for the period ending 2004-04-16 may not have received the proper signature.

    If your check does not have the proper signature, the following options are available to you:

    Attempt to deposit your check as you would under normal circumstances. In most instances, the check will be accepted for deposit.

    Return the check to ClickBank at the following address:

    Attention: Accounting
    ClickBank.com
    915 W. Jefferson Street
    Boise, ID 83702

    We will provide a signature for the check and return it to you with reimbursement for postage.

    If you have any questions regarding the options above, please contact us at 1-800-390-6035 or paychecks@clickbank.com.

    We apologize for any inconvenience caused by this process. We value your business and look forward to working with you in the future.

    Sincerely,

    Accounting
    ClickBank.com
    http://clickbank.com
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    hughman



    Joined: 26 Apr 2004
    Posts: 22

    PostPosted: Fri May 07, 2004 2:20 pm    Post subject: probably just a mishap Reply with quote

    I have 4 clickbank accounts and I did not receive any notice like that.

    Even if it was true and the email is legit I would not worry .. Clickbank prints the signature on their checks .. they are not hand signed. Could have just been an error as the checks where being printed that no one caught at the time.

    I would not worry
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    Steve



    Joined: 13 Apr 2004
    Posts: 75
    Location: Boise, Idaho USA

    PostPosted: Fri May 07, 2004 3:48 pm    Post subject: Reply with quote

    asiajewels,

    The good news is, once again, ClickBank paychecks went out on time. However, ClickBank's check printing software malfunctioned during our latest check run, which resulted in 286 checks getting sent out without a printed signature. Fortunately, 286 checks represents a tiny fraction of our total biweekly volume. Apparently, you were lucky enough to receive one.

    We apologize for the inconvenience and refer you to the notice you received for options on how to handle the situation.

    Nice attention-grabbing headline by the way.
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    asiajewels



    Joined: 14 Apr 2004
    Posts: 3

    PostPosted: Fri May 07, 2004 3:59 pm    Post subject: Reply with quote

    Hi Steve,

    Thanks for the personal reply and your explanation of why I received the letter. My faith has been restored in ClickBank.

    Jerry Martin
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    stillhill



    Joined: 19 Apr 2004
    Posts: 204

    PostPosted: Tue May 11, 2004 1:45 pm    Post subject: Reply with quote

    My friend had his check refused due to no signature... this was the last pay period. If they contacted you, then your check must have been in the same batch.. not sure how they do it, just a guess.

    So yes, it most likely was a valid email.

    Peter
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    stillhill



    Joined: 19 Apr 2004
    Posts: 204

    PostPosted: Tue May 11, 2004 1:46 pm    Post subject: Reply with quote

    LoL Sorry... should have read down the email further.. thanks steve!

    Peter
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