Introduction
As a creator on Cademy, it's essential to understand how and when you'll receive your payouts for the courses and events you host on our platform. In this article, we'll provide a comprehensive overview of Cademy's payout process, including the different payout methods, payout schedules, and important considerations.
Payout Methods
Cademy offers two primary payout methods: Stripe and PayPal.
Stripe Payouts (Recommended)
We highly recommend using Stripe as your payment processor due to its numerous advantages:
✅ Instant Payment Reflection: Payments are instantly reflected in your Stripe account upon receiving an order.
✅ Flexible Payout Schedule: You can set your own payout schedule (daily, weekly, monthly, or manual) through your Stripe account settings.
✅ Diverse Payment Options: Customers can pay by card, Apple Pay, Google Pay, and even opt for instalments via Klarna.
To set up or modify your Stripe payout schedule, simply log in to your Stripe account and navigate to the payout settings.
To link your Cademy account to your Stripe account, click on the Apps menu from the admin dashboard and select Stripe. Alternatively, you can access the direct link: https://admin.cademy.io/apps/stripe
Learn more about Stripe here.
PayPal Payouts
Similar to Stripe, if you use PayPal as your payment processor, you can manage your payout schedule directly through your PayPal account. Payouts will be visible in your account immediately upon receiving an order.
To integrate PayPal with your Cademy account, follow the steps provided in the PayPal setup guide.
Important: We do not support bank payouts. Please use Stripe or PayPal for all payout needs.
Refunds and Cancellations
If a booking is cancelled, the full price will be refunded to the student, and Cademy will also refund any applicable fees. This ensures that creators are not penalised for cancellations beyond their control.
Conclusion
Understanding Cademy’s payout process is crucial for creators to effectively manage their earnings and plan their finances. We offer Stripe and PayPal payout options and strongly recommend using Stripe for its instant payment reflection, flexible payout schedule, and diverse payment options.
Frequently Asked Questions (FAQs)
What is Stripe?
What is Stripe?
Stripe is a widely-used, secure online payment processing platform that allows businesses to accept payments via credit cards, debit cards, and other digital payment methods. It offers a user-friendly interface, robust API, and a range of features designed to simplify online transactions.
Which big companies use Stripe?
Which big companies use Stripe?
Many well-known companies use Stripe for their payment processing, including:
✅ Amazon
✅ Google
✅ Shopify
✅ deliveroo
✅ H&M
✅ Zoom
What are the advantages of using Stripe?
What are the advantages of using Stripe?
Using Stripe offers several benefits:
Instant Payment Reflection: Payments are instantly reflected in your Stripe account upon receiving an order.
Flexible Payout Schedule: You can set your own payout schedule (daily, weekly, monthly, or manual) through your Stripe account settings.
Diverse Payment Options: Customers can pay by card, Apple Pay, Google Pay, and even opt for installments via Klarna.
User-Friendly Interface: Stripe provides a user-friendly dashboard for managing your payments, refunds, and payouts.
Robust Security: Stripe employs advanced security measures to protect your transactions and customer data.
What if I installed Stripe after I had some paid bookings?
What if I installed Stripe after I had some paid bookings?
If you installed Stripe after receiving paid bookings, you must contact our support team to initiate the transfer of those payments to your Stripe account.
Please reach out to us at support@cademy.io, and we will ensure all bookings made before installing Stripe are correctly processed and reflected in your account.