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You give us permission to share your courses for free with our employees, with selected partners, and in cases where we need to restore access accounts who have previously purchased your courses. You understand that you will not receive compensation in these cases.
Investment Academy will remit national, state, or local sales or use taxes, value added taxes (VAT), or other similar transaction taxes ("Transaction Taxes"), under applicable law for the country where the student has purchased a product or services. We may increase the sales price if we observe such taxes may be due and we will collect and remit the taxes to the required authority.
Investment Academy will calculate the Gross amount that we receive from the students and then converted to Net Amount and then to Revenue amount which will be paid to the instructor in USD.
Gross Amount = The total amount received from the student to Investment Academy + Transaction Taxes + any mobile platform fees applied to mobile application sales + a 3% administrative and handling fee
Note : The Revenue Share will be 50% of the total Net Amount
Net Amount = Gross Amount – all the fee described under Gross Amount.
Revenue Amount = Net amount – transaction processing fee excluding foreign currency conversion fees and wiring fees
Payment will be made within 30 days of the end of the month in which
(a) we receive the fee for a course or
(b) the relevant course consumption occurred.
We need instructor to own a Paypal or Payonner account and share us the correct email ID associated to process the payment in a timely manner. Also, few legal processes are applied as below
a. We reserve the right to withhold payments or impose other penalties if we do not receive proper Identifying documents or tax documentation.
b. We reserve the right not to pay out funds in the event of identified fraud, violations of intellectual property rights, or other violations of the law.
c. If we cannot settle funds into your payment account after the period of time set forth by your state, country, or other government authority in its unclaimed property laws, we may process the funds due to you in accordance with our legal obligations, including by submitting those funds to the appropriate government authority as required by law.
If a refund has been processed by the student after we have paid the relevant instructor payment, we reserve the right to either (1) deduct the amount of the refund from the next payment sent to the instructor or (2) where no further payments are due to the instructor or the payments are insufficient to cover the refunded amounts, require the instructor to refund any amounts refunded to students for the instructor & courses.
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