This article provides an overview of how to accept and process payments on Teachable.
If you’re based in the US or Canada, then you can process payments using Teachable Payments. Credit and debit card transactions on Teachable Payments are processed using Stripe Express. This allows school owners to receive their payouts daily, weekly, or monthly to their Stripe Express account—and also set their own payout schedules.
If you’re not in the US or Canada, then you can process payments using the Monthly Payment Gateway. Credit and debit card transactions on the Monthly Payment Gateway are processed using Teachable's Stripe account. As a result, credit and debit cards payments processed by the Monthly Payment Gateway will be paid out every 30 days via PayPal.
On the Monthly Payment Gateway or Teachable Payments, you can opt-in to BackOffice, which provides services such as automatic author/affiliate payouts, VAT remittance, etc. With BackOffice, you can also enable PayPal as a payment option for your students. If you enable PayPal through BackOffice, then PayPal payments will be processed using the Monthly Payment Gateway. As a result, PayPal payments will be paid out every 30 days via PayPal.
Alternatively, if you’re on the Professional plan and up, you can connect your own Stripe or PayPal custom payment gateways.
Mixed payment gateways occur when a school has a custom payment gateway for one processor (Stripe or PayPal) while also using a Teachable payment gateway for the other (Monthly Payment Gateway or Teachable Payments). If you have mixed payment gateways, it's important to note that each payment gateway can have different payout schedules, transaction fees, tax requirements, and refund policies. Additionally, BackOffice services, such as automatic author/affiliate payouts and VAT remittance, are only available for transactions processed by the Monthly Payment Gateway or Teachable Payments. For more information, please refer to each payment gateway article:
NOTE: Payments are processed through whichever gateway is active at the time of purchase. For example, if you switch from the Monthly Payment Gateway to Teachable Payments, any sale made before switching gateways will be paid out according to the Monthly Payment Gateway's payout schedule.
Payment Options for Students
Students have two payment options when it comes to purchasing courses on Teachable: credit/debit cards and PayPal.
By default, students can pay with a credit/debit card on all gateways.
Credit or Debit Card
Students can choose to purchase with a credit or debit card by selecting the Credit Card tab when entering their payment details on the checkout page:
If enabled, students can purchase a course with PayPal by selecting the PayPal tab on the checkout page.
NOTE: Students won’t be able to purchase a course via PayPal for any kind of recurring pricing plan, like an ongoing subscription or payment plan. PayPal will also not display as a payment option for students if the course is priced in a currency other than USD.
For schools using the Monthly Payment Gateway or Teachable Payments, visit Stripe for the most up-to-date list of supported currencies. If you've set up custom payment gateways, contact Stripe and/or PayPal for more information about supported currencies.
Stripe charges your customer's card in the currency you specify. Per Stripe's documentation, your customer's bank may then add up to two types of additional charges:
- A conversion fee to exchange the payment from the currency you specified to their local currency.
- A foreign transaction fee if your business is based in another country.
If your account is set up to charge in the same currency as your customer's card, then they'll avoid the first fee, though they may still pay a cost for your business being based in another country.