Payouts are done mid-month of the following month. For example all payments collected from students during January will be processed to you in mid-February.
This is in part because participants have 14 days to request a refund and also to allow our accounting team time to verify the payment values due to you. Furthermore, this timeframe helps us reduce the risk of Chargebacks.
Chargebacks happen when a buyer contests the charge with their credit card company. Chargebacks cost the entire purchase price plus a fee of between $20 to $50, plus an additional penalty of 3-5% of your sales price. Too many chargebacks can also result in our merchant account being shut down entirely, which is why we don't support rolling payouts at this point.