UK Clickbank Vendors & Affiliates: Clear Your Cheques In 5 Days

This super time-saving tip is strictly for vendors and affiliates of Clickbank within the United Kingdom.

Waiting 30 days for your cheque’s from Clickbank to clear at your bank is a real pain as I’ve discussed already on my blog, especially as it costs £10 for the privalidge or more depending on what their currency exchange rates are.

I’ve found an alterantive method and it’s called AuctionChex - it was primarily created for Ebayers to cash overseas cheques but they also allow any USD cheques to be cleared using them.

There’s a few methods of using AuctionChex and they are:

1. You send the USD cheque to them by post, and they send you a cheque back from them for the ammount in British Pounds, which you can then cash at your bank with the usual 3-5 day clearance time.

2. You send the USD cheque to them by post by Thursday, and they deposit the amount in British Pounds in to your bank account which you receive the following Tuesday.

I use option 2 as it’s easier, with the only fee being the one they skim off on currency rates. Generally it costs more to use AuctionChex and you can cheque the currency rates on their website, but you’re getting the money in 5 days instead of 30 which is great for cashflow and they do offer reasonable rates. You can use the calculator on there site to workout how much it will cost you to use them for each cheque.

Today it’s reporting you can exchange $500 for £232 UK pounds. XE.com the authority on currency exchange is reporting $500 at £254, meaning it would cost £22 to use AuctionChex for $500 - just £5-£10 over the amount the bank would charge and you get the funds 25 days before. Bargain I say.

I suggest you head off to the AuctionChex website to find out more about them. I can totally vouch for their authenticity as I have used them for 3 cheques so far.. I just wanted to be sure everything worked tip-top before recommending them.

1 Comment

1. Hi Jim. Photos i received. Thanks

   Comment by Bill Compton — June 4, 2007 @ 8:16 pm

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