Instructor PaymentAugust 28, 2023 2023-09-07 5:53
Payments of instructors
MWCedu accepts only the following modes of payment Google Pay, Paytm, debit or credit card, and PayU.
There is some question which is related to payments for the instructors.
Are there any other modes of payment used by instructors?
Yeah, instructors can use other modes like net banking, Pay by PayU, and credit cards for payment.
To get my payment, is there a total minimum needed?
No, MWCedu does not have any total minimum needed to get paid for the instructors by direct deposit and we also advise that trainers always check in with their account bank, but if there is any limitation regarding transfer then can apply to the bank immediately.
How much time does it take to receive my money in the bank, after MWCedu sends payment monthly?
It may take 1 -2 days for completion, so it can take longer but it only depends upon the institution of finances.
Is my course on MWCedu offered by resellers automatically?
Not every course is selected for the distribution of resellers, MWCedu only works with the resellers to identification of courses with relevance to the audience that is unique. Only those courses are eligible to distribute to resellers, who are opting into the Marketing Boost program.
How is the pay calculated for resellers’ purchases by the instructors?
On the instructor revenue report, any enrollment that is facilitated by the reseller would be categorized as an external partner. The details of the sale on the summary of the transaction would display the revenue share and final trainer pay. Moreover, the revenue share of the instructor for a purchased course by the reseller is 25 percent.
Schedule of payment
MWCedu for revenue of the business is added in the first week of the month of the month under the MWCedu for business on your report of revenue. For instance, your business revenue for January, then revenue of the business is added in the first week of February under the MWCedu for business on your January report of revenue.
Instructor share of the revenue
The details of the sale on the summary of the transaction would display the revenue share, this overview includes details of transactional for the enrollment. MWCedu does not take any payments for creating the course, it is free, as we think that trainers should be rewarded for their hard work.
Payment schedule and overview of instructor
As it is already said MWCedu should be rewarded to trainers for their hard work. So our platform receives only 10% of the total amount of revenue share and gives 90% to trainers.
There are some steps in the MWCedu schedule of payment:
1. As a trainer contract is signed with the Indian-based MWCedu, Inc.
2. The paid course of the instructor is submitted for review or publication on mwcedu.com
3. Fees of students are transferred to MWCedu in the first month if your course receives paid enrollments, so MWCedu deducts taxes of transaction and another fee from the amount that is listed in the Terms of Instructor.
4. 1 and 2 Months:- MWCedu, inc. Process corrections and refunds.
5. 3 Month:- MWCedu pays trainer 90% revenue share ( after applicable deductions total payment of 1-month learners payment). The payment amount and expected dates of payment for the month which is posted on the report of revenue.
Reporting of revenue
By using the report of revenue, instructors can track their incoming sales by themselves. Some information is included in the report such as the purchasing date, the channel attribution of revenue, the name of the student, or the total paid price. The instructors can track the report of revenue at any time to know more info.