How does Skool pay you? · The Skoolyard 🧃

How does Skool pay you?

TLDR: Skool pays you through weekly Skool payouts via Stripe Express. Members pay on Skool’s merchant account, then Skool sends your earnings to your bank.

1) Setup: You connect your bank account inside Skool using a Stripe Express connection. You cannot connect your existing Stripe account because Skool creates a new (or sub) Stripe Express account for the connection.

2) How money flows: Your members’ subscription payments are processed by Skool (not your personal Stripe). Skool tracks what you earned, then pays you out.

3) Payout schedule: Skool initiates payouts every Wednesday. After the payout is initiated, it usually takes 2 to 3 business days to land in most US bank accounts, and 3 to 7 business days for many international banks. Your first payout can take longer due to extra verification.

4) Tracking: If you are ever unsure, check your Skool payout status inside your group settings. It will show what’s pending, what’s paid, and what’s delayed.

Bonus: Skool also handles VAT/sales tax compliance on their side, so you are not the merchant of record for that.

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