We Are No Longer Charging Transaction Fees

Estimated reading time: 3 minutes

One great thing about being a small and nimble company is that we can make decisions very quickly. We can also opt to do things completely differently without having to ask for permission. So it’s with great pleasure we announce:

Teachery is getting rid of transaction fees*

 

Cory is excited about Teachery!

 

Why make the change?

Plain and simple it boiled down to this question: Would we want to be charged transaction fees? The answer was “No!” So why the heck are we doing it!?

Well, we started with transaction fees because it’s what other course creation platforms were doing. It’s also what other SaaS (software as a service) companies do. But just because other people do something doesn’t mean we have to.

What does this mean going forward?

From this day forth, we have three pricing options for Teachery that are fully-featured:

  • $49/month
  • $470/year (saving 20% over monthly)
  • $900/lifetime (you pay us once, and never pay us again!)

A few months ago we got rid of our free plan. We believe Teachery is a very valuable and useful piece of software that can help your business grow and make money. It’s worth paying for.

All of our new plan options come with a 14-day free trial. We don’t even want to take a credit card number from you until you get in Teachery and start building your first course. If you love it and think it’s the friendliest and most well-designed course creation platform on this side of the Milky Way Galaxy, we want you on board. If not, there are plenty of other options we will happily point you in the direction of.

If you’re new to Teachery and want to know what our features look like, read the Teachery Feature’s post.

What does this mean for existing Teachery accounts?

Starting today, October 30, 2015, you will not pay any transaction fees moving forward. This is not a retroactive change, but starts immediately.

Also, if you were previously on a free account or basic account, your account level and monthly payment will stay exactly the same. We are not going to require you to start paying for one of our new plan options unless you want to upgrade your account.

*There are still some transaction fees (Stripe)

When we talk about transaction fees going away, we are talking specifically about Teachery’s transaction fees. As a course creator, if you opt to use our beautifully designed Payment Pages you will still pay our payment processor’s (Stripe) fees when you sell a course. These fees are out of our control, but are honestly well worth the tiny amount you’ll pay given how easy we make it to create a payment page and let someone buy your amazing course.

Stripe charges 2.9% + $0.29 per transaction. So if you sell a $100 course, you will pay $3.19 to Stripe, netting you $96.81.

If you want to sell your course using your own payment forms or services you can always manually on-board the students who buy your course(s). We’ll have documentation coming on how to do this soon.

We hope you enjoy this change, we’re certainly excited about it!

Gerlando and I have put a ton of time and effort in Teachery since the summer of 2014. We have big plans for the future and want to continue to build the most customer-friendly course creation software in the universe.

Have any questions about our new plans? Feel free to email me.

 

Jason

Co-Founder of Teachery. Previous adventures include IWearYourShirt, BuyMyLastName, and SponsorMyBook. Fearlessly curious entrepreneur.