This article is regarding a la carte (individual) payments for classes over the platform. For compensation regarding the LiL+ Membership & Conscious Expert Collective, see this article.
The standard LiL commission is reduced and set at 15% for the Learn It Live platform and for payment processing. All payment and processing fees are incurred by Learn It Live and the end user, so the final instructor percentage is 85%.
Learn It Live covers payout fees (not including international wire) and fees for refunds that the payment processor does not refund to us (IE: we do not receive the 2.9% fee back on charges and absorb this cost on our side).
So here is how a transaction of $10 and $100 would come out with a 15% total commission rate:
$10 = $10 - $1.50 = $8.50 (instructor's take home)
$100 = $100 - $15 = $85 (instructor's take home)
- Payments remain in the "Pending" category until after a class ends in case an instructor needs to cancel and the students refunded
- Payments are then transferred on the 1st or 15th of the month or, if any of these dates fall on a weekend day, it would generally be the following Monday
Pending: payments of classes that have not yet ended. Payments remain in the “Pending” category until after a class ends in case an instructor needs to cancel and the students refunded
Active: payments that are ready to be sent to the instructor in the next transfer
Paid: payments that have already been paid out to the instructor.
Available Balance: total of active payments ready to be sent to instructor in the next transfer
Pending Balance: total of pending payments not yet "available"
- If it is critical for an instructor to be paid prior to the 1st or 15th of the month, send a note to firstname.lastname@example.org with your request
- Generally, only amounts above $10 are transferred due to the fees associated with the money transfer. If you have less than $10 but still want the fees transferred, please send a note to email@example.com