When using Learnmode as an instructor, it’s important to understand the fee structure to manage your earnings effectively. Here’s a breakdown of the fees:
- Transaction Fee:
- Learnmode takes a 15% fee from all transactions. This fee is deducted from the total amount received for each sale of your courses or products.
- Transaction Fees Covered by Learnmode:
- To support our instructors, Learnmode covers the transaction fees associated with payments processed through Stripe. This means you won’t have to worry about additional charges from Stripe when you receive payments for your courses.
- Payouts:
- After the transaction fee is deducted, the remaining amount will be available for payout to your linked payment method. Ensure your payout method is set up correctly to receive your earnings.
- Transparent Reporting:
- You can view detailed reports of your earnings, including any fees deducted, in the “Payouts” or “Sales” section of your Instructor Dashboard.
- Regular Updates:
- Stay informed about any changes to the fee structure by checking for updates from Learnmode.
If you have any questions regarding the fees or how they affect your earnings, please reach out to our support team for further assistance!