Curious about when you’ll get paid and what fees to expect? This article breaks down payout timelines, payment methods, and fees for both your classes and shop offerings on Skillshare.
In this article:
Class Payments Through Tipalti
Payment Options
The payment options that Skillshare offers teachers through Tipalti are:
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PayPal
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Direct deposit / ACH / E-check
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Wire transfer
Keep in mind that not all payment options are available in all countries. You can also refer to Tipalti’s Payment methods coverage article for a full list of supported payment types by country. Skillshare does not offer checks as a payment option.
Processing Time
We send teacher payments on the 16th of each month through Tipalti. For example, you would receive payments for the minutes watched in your classes and referrals made from July 1st to July 31st on August 16th. If the 16th of the month falls on a weekend or holiday, Skillshare will send your monthly payment on the closest preceding business day.
The time it takes for the funds to arrive in your account depends on the payout method you have selected and where the funds are being sent. Below are estimates of when you can expect to receive a payment once it is paid out by Skillshare:
- PayPal: Within 1 business day
- ACH (domestic bank transfer): Up to 3 business days
- E-Check (international bank transfer): Between 3 and 7 business days
- Domestic wire transfer: Up to 1 business day
- International wire transfer: Between 1 and 2 business days
Refer to Tipalti’s Payment methods coverage article for a specific estimate based on where the payment is being sent. Take note that weekends or U.S. holidays may also delay the arrival of payment.
Want to confirm if a payment was issued to you? Read our instructions for viewing your Tipalti payment history.
Fees
Skillshare covers the transaction fees for PayPal, as well as direct deposit (includes ACH and E-check).
Tipalti charges additional fees for processing payments made through wire transfer — much higher than the costs of other types of payments. You will be responsible for covering the fee if you choose that payment option. If you need additional information on the fees and amounts associated with these payment types, please reach out to teach@skillshare.com.
Additionally, if your payment option requires you to convert your payment in USD to another currency, (i.e., transferring to a non-U.S. bank account) you may incur foreign exchange (FX) fees. Tipalti has helpful messaging to give you a sense of what that might be during registration.
Shop Payments Through Wise
Payment Options
The only way to receive payments for 1-on-1 bookings and digital product sales is by connecting your bank account to Wise. Head to How do I edit my payout settings? for instructions on how to set this up on your Skillshare account.
Processing Time
For Shop sales, Skillshare holds all payouts for 14 days before allowing them to be withdrawn. This "grace period" allows for user disputes and investigations if needed; how we determine this grace period depends on the type of service:
- 1-on-1 Sessions: 14 days after the session is marked as "complete" in our system, which is 15 minutes after the call's scheduled end time. For example, if you have a 60-minute call at 10:00 am on July 10th, your payout will be released to you at or around 11:15 am on July 24th.
- Digital products: 14 days after the sale is completed.
Once your payout has been released, it will be added to the Ready to withdraw balance on your Shop Payment dashboard of the Creator Hub. You can then withdraw your balance at any time.
Fees
For each booked 1-on-1 Session or digital product you sell on Skillshare, we apply the following fees:
- 10% platform fee from the full amount charged for any service, before any processing fees or other fees are deducted.
- 2.9% + $0.30 credit card processing fee is charged on all payments by our payment provider Stripe.
Exception: For 1-on-1 Sessions occurring on or after April 1, 2024, we apply this fee only to the first $2,000 USD you earn each month. Any earnings from 1-on-1s exceeding $2,000 USD in a month will not incur a platform fee; we’ll credit this fee back to your account at the end of each month.
When you withdraw your earnings, you will be charged by Wise an additional small withdrawal fee (usually ~$1 for USD accounts).
Taxes on Skillshare Earnings
Skillshare is required to maintain up-to-date tax information about its teachers on behalf of the U.S. Internal Revenue Service (IRS). We collect this information when you set up your payment account. Read our FAQ Will I be taxed on my Skillshare earnings? for more information about tax withholding.
Resources
- How do I edit my payout settings?
- Tipalti FAQ for Payees (Tipalti.com)
- Payment methods coverage (Tipalti.com)