The cloaking of URLs only works on the blog itself. For example, your affiliate link for product "Valuable Product" may be http://yourID.merchant.hop.clickbank.net
When a visitor comes to your blog and hovers their cursor over the link, it will read something like:
After the visitor reaches the merchant's site, it's up to the merchant whether they will redirect the visitor to something like merchant-site.com or merchant-site.com/yourID
The only way we could keep the link cloaked even on the merchant's side is if we used "frames" but those:
1) are prohibited by Clickbank
2) Internet Explorer is notorious for not letting some cookies pass through framed (so you could lose your commissions).
Hope this helps!
Article ID: 54
Category: CB Profit Poster