If you’ve tried affiliate marketing then you must know how cool it is to earn an income from online marketing. There are no limitations whatsoever when it comes to joining an affiliate program it doesn’t matter if you are a master’s graduate or a college dropout, you have the opportunity to make money through affiliate marketing.
Today we’re going to look at ways to get paid in affiliate marketing. Affiliate marketing doesn’t use the traditional payment methods rather, their payments are automatic.
The moment you get o signup for an affiliate program, you provide your payment details and you’ll automatically receive monthly payments without interference.
If you just getting started as a beginner, you just need to sign up for this payment system to make sure you’re ready to get paid. If already getting paid, this article is also for you. We’ll also cover advanced tips that will enable you to save a lot of money.
We’ve created this post specifically for anyone planning on joining any popular affiliate marketing program or someone who already runs affiliate marketing.
Let’s look at some of the most popular ways we get paid in affiliate marketing.
Before we get to it NOTE Some of the views here are for Kenyan users due to the fact that I’m Kenyan. However, the payment system listed below applies to the netizens of any country.
Ways to Get paid in Affiliate Marketing
This is one of the world’s largest online payment processors and is widely used by affiliate companies to make payments to their partners.
Regardless of the affiliate network that you’re in, chances are they will pay their affiliates through PayPal. Creating an affiliate account is free with no maintenance costs
This is another popular and reliable payment method for bloggers, affiliate marketers, and freelancers. With Payoneer, you can receive affiliate payments from any country as long as the company is listed on its whitelist.
3. Bank Wire Transfer
This is another payment method you can use most especially if you’re receiving a huge amount of money.
Many companies offer direct withdrawal options that could be used for affiliate withdrawals. However, there are a few things you should know from the Kenyan context:
- The bank usually charges a lot of money on inward remittance
- The conversion rate is high and unfavourable
- Sometimes you end up paying up to 4% per transaction
- Beneficiary bank name
- SWIFT code
- Beneficiary account number
- Beneficiary account name
Some companies do not advertise wire transfers as a payment solution. However, if you earn more than $2k or so each month with this affiliate program, you can reach the affiliate manager and ask him to make you pay using an alternative method such as wire transfer or Payoneer.
Stripe is the world’s favorite payment processor and is popular among entrepreneurs to collect payment.
It’s the newest trend and is done to lower down the fees, and also Stripe is a popular service, which is available in multiple countries.
This is also one of the popular ways of receiving cross-border payments.
It is widely used by Amazon affiliates and Amazon sellers to receive payments from overseas.
- It charges only 1% as transaction fees
- Provides automated FIRC
Creating an account with them free of any costs. The service activation could take up to 2-3 days, so you should apply for account activation as soon as possible.
With that known then it’s up to you to choose your favorite way to get paid in affiliate marketing.
I’m pretty sure you might also be having your ways that you get paid in affiliate marketing. Kindly share with us in the comments section below.
Is being an affiliate worth it?
Despite a controversial reputation among those not really in the know, affiliate marketing is a totally legit way to earn an income
How can I become a free affiliate?
Affiliate marketing is free and easy to join: Most affiliate programs are free to join and no experience is required in most cases. You only need to fill a signup form and begin to promote the offers. Just join, promote and earn
How many affiliate programs should I join?
As a rule of thumb, let the number of affiliate programs you join not exceed three on one site. Make sure you do some thorough research about the affiliate programs you want to join before taking any further steps. And make sure they’re okay with you joining other programs