How to Set Up Payments for Courses and Instructor Payouts with MasterStudy LMS
If you're an instructor, teacher, coach, or own a school/learning center, in most cases, this is your job, your business. Now in this context, revenue is very important for every business. It's one thing to create courses, and it's quite another to sell them, or in other words, monetize them. What do you need for this? The answer is obvious: a well-established and solid payment system so that when students buy your courses, they can easily pay for them without any problems.
In this video, we will show you how easy and simple it is to set up two mega-popular payment systems, PayPal and Stripe, which are integrated into the MasterStudy LMS WordPress Plugin. MasterStudy also works with WooCommerce, but we'll talk about that and show it in another video.
In this video, you will learn:
— How to set up PayPal;
— How to set up Stripe;
— How to manage Orders;
— How to adjust the percentage of payouts to your instructors;
— How to overall set up payouts to instructors.
Timestamps:
00:00 — Teaser
00:26 — Payment methods in MasterStudy LMS
01:01 — How to get credentials for Stripe
02:08 — Orders
02:32 — What is payout?
02:40 — How to set up instructor earnings?
03:02 — How to set up Payouts with PayPal: generating credentials
05:12 — Where instructors should specify their PayPal details?
05:33 — How to create payouts?
06:15 — Payout statuses
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