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Clickbank is one of the affiliate networks that serve as a third party between the web merchants and the associated affiliates. It is responsible in providing the technology to deliver the merchant's offers and campaigns. The affiliate network also do the job of collecting commission fees from the merchant and giving it to the affiliates involved in the program.
The comissions are typically in the range of 20-75% and you can cash out at $10. It also runs referral program wherein it gives 20%.