To make your course selling process as smooth and simple as possible, we integrate with the (free) payment processor Stripe.
π Stripe is available in 40+ countries (see full list and availability here). Your customers will never know Stripe exists when you use it!
How does Stripe work and what are processing fees?
It doesn't cost you anything to create a new Stripe account, and you only pay a small 2.9% + $0.29 fee with every sale of your course. This is the industry standard for processing credit card payments (and we don't make any money off these fees!)
Quick math example for you to explain the processing fee...
You charge $100 for your course
Your customer pays $100 via your Teachery Payment Page
Stripe will process the payment and carve off $2.90 + $0.29 ($3.19)
You will receive $96.81 for the course purchase π
The difference between processing and transaction fees:
π³ Processing Fees - These are what ALL payment processors charge JUST to run credit/debit card payments for you.
π Transaction Fees - This is an additional fee that some evil course platforms charge you to make more money (we don't do that!)
For Recurring Payment Pages created in Teachery (aka "payment plans"), the processing fee is just slightly higher at 3.4% + $0.29 for every charge in a subscription. This is not something we control, all payment processors typically charge a slightly higher fee for recurring payments.
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How to connect your Stripe account in Teachery
Log in to Teachery >>
Head to your Account Integrations page >>
Scroll down to find the Stripe Connect area >>
Click the Not Connected - Connect Now button and signup for a new Stripe account OR connect an existing Stripe account >>
Finish the connection and you're all set! π
NOTE: If you're running into any trouble after clicking the "Not Connected" or "Edit Connection" buttons, try visiting Stripe.com and logging in and out. Then come back to Teachery and try again.
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Watch our walk-through video on setting up Stripe in Teachery
The video below shows you the simple, step-by-step process. The Stripe interface may look different when you connect your account, but it's all essentially the same steps!
A few notes about connecting your Stripe account
Connecting Stripe: You only need to connect your Stripe account one time (yay!)
Stripe Accounts: We only allow ONE Stripe account per Teachery account. If you need another Stripe account for another course you sell, you'll need to sign up for a second Teachery account.
Payout Schedule: Stripe will hold your money for 7 days for brand new accounts, and then you can change to daily transfers (do this in your Stripe.com Settings)
Sending Stripe Receipts to Your Customers: You can, but don't have to, have Stripe send payment receipts (do this in your Stripe.com Email Settings)
Other Stripe Products (iDeal, etc): We do not currently have the ability to integrate with any of Stripe's other payment products. Stripe also does not integrate with PayPal in any way.
π Recommendation: Go through your payment page checkout process yourself before inviting customers to purchase
β οΈ When you go to make a real purchase of any payment page in your course, make sure to use an email address that is NOT your Teachery account email address.
We cannot stress this recommendation enough! If you want to see the exact experience your customers will have, purchasing your own course will show you the steps they will go through.
βοΈ Pro-tip: Use an Incognito Window (Google Chrome) or a Private Window (Safari) to view your payment page URL and then go through the checkout process with a unique email address. This will ensure you aren't logged in to your Teachery account and you will see the entire process as your customers would!
Don't forget to refund your purchase! You can do this in your Customer Profile via the Customers page. ππ
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A few advantages to using Stripe
We chose Stripe as our payment processor because they're an extremely reputable company. Their payment encryption is top-notch and they're always improving their platform and features.
Login to your Stripe.com Dashboard to:
See granular data on every course purchase
Easily see your revenue, net revenue, and revenue trends over time*
Find failed course charges and reattempt purchases
Use our Zapier integration to do even more fun things!
*Stripe has done a great job of showing sales and revenue data. While we show revenue data in your Teachery dashboard, we highly recommend using Stripe's reporting as well because it's so good!
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We do not currently support built-in PayPal payments
If you don't want to use Stripe or Teachery's Payment Pages, you can take payment outside of Teachery.