Families pay College Price Check at booking. We pay advisors by bank transfer twice a month, around the 15th and the last day of the month. The Terms promise this timing, with room for weekends, holidays, and bank delays.
Steps
- List each advisor's appointments held since the last payout, from Stripe and Calendly.
- For each appointment, take the price minus our 10% margin, minus card processing of 2.9% + 30¢. On a $100 appointment, that's $86.80.
- Subtract refunds issued and card disputes lost since the last payout.
- Send the total by bank transfer to the advisor's account on file.
- Email them a statement listing each appointment.
The technology and team fee is billed separately, to the advisor's card. Never deduct it from payouts.
Refunds
Under the Terms, we issue refunds owed to families on the advisor's behalf, from Stripe, and deduct them from the advisor's next payout.
Families get a full refund if they cancel at least 1 day before, or if the advisor cancels or doesn't show. Late cancellations and no-shows by families aren't refunded unless the advisor chooses to.