Pricing
Price setting
At the point of creating a course, you will be requested to set a Price for your course.
Also, you can alternatively choose free options if you are willing to offer.
Next, after the verification, we will publish your course with the price which will be converted using our system-wide foreign currency conversion rate matrix (Conversion Rate Matrix)(fixed and updated periodically, not related to the applicable market rate and we take the right to
update the matrix anytime.) or closest to local or mobile app which will be converted to closest to the applicable Support Price or Promotional Program price as mobile platforms impose their own currency conversion rates. Conversions for mobile app prices may not match the conversions in the Conversion Rate Matrix.
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.
Transaction Taxes
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.
Payments
Revenue share
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 + any amounts paid to third parties in connection with Promotional Programs.
Note : If you are not part of the Promotional Programs, the Revenue Share will be 50% of the total Net Amount and if you are part of the program. 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
}
Receiving payment
Payment will be made within 20th of the month in which (a) we receive the fee for a course or (b) the relevant course consumption occurred.
For eg: Instructors will get the payment on 20th Oct from courses bought by students from 1 Sept to 30th sept.
We need instructor to own a Paypal or Payoneer 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.
REFUNDS
As detailed in the Terms of Use, you are agreed that students have the right to receive a refund and Instructors will not receive any revenue from transactions for which a refund has been granted.
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’s courses.
