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What should I do if my ClickBank direct deposit fails or is returned?

What Should I Do If My ClickBank Direct Deposit Fails or Is Returned?

If your ClickBank direct deposit fails or is returned, it is typically due to incorrect banking details or mismatches in account information. Below is a comprehensive guide to understanding why this happens and how to resolve it.

Common Reasons for Failed or Returned Direct Deposits

  1. Incorrect Banking Details: - Payments sent to invalid or incorrect bank account numbers are returned by the receiving bank. - If this occurs, ClickBank will wait for the funds to be returned before reissuing the payment.

  2. Name Mismatches: - A mismatch between the payee name in ClickBank and the name on the receiving bank account (e.g., Payoneer) can result in returned payments.

  3. ACH Details Errors: - Payments sent to incorrect ACH details are automatically rejected and returned by the bank.

Steps to Resolve Failed or Returned Payments

  1. Update Your Banking Information: - Log in to your ClickBank account and update your payment details with the correct bank account information. - Ensure that the payee name matches the name on the receiving account. For business accounts, set the payee type to "Business" and enter the business name in the appropriate field.

  2. Wait for Payment Reissuance: - Payments returned due to incorrect details will be reissued in the next pay cycle after the funds are returned and your banking details are updated. - Note that payments cannot be resent on the same day.

  3. Monitor Notifications: - ClickBank will notify you via email and an account message when a payment fails or is returned. - Use this notification to confirm the issue and take corrective action.

Timeline for Payment Reissuance

  • Returned payments are typically reissued in the next pay period after the funds are received back from the bank and your account details are updated.

  • If a payment hasn’t arrived after the expected processing time (up to 5 business days), gather your Payment Sent date and account nickname to follow up with ClickBank.

  • A $20.00 processing fee is applied to reissued payments.

Special Considerations for Business Accounts

  • For business accounts, ensure that the payee type is set to "Business" in ClickBank and that the business name is entered correctly in the "Payee Information" section. This helps prevent name mismatches, which result in failed payments

By following these steps, you can resolve issues with failed or returned direct deposits and ensure that future payments are processed successfully.

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