Create one-time payment, subscription-based, or payment plan pricing for your courses and bundles with Thinkific Payments!
As of May 19th 2022, all new Creators located in Canada or the USA who sign up for Free and Basic plans will have Thinkific Payments set as their default payment processor. Learn more about this update: Thinkific Payments Updates: What to Know
In this article:
About This Feature
We know that generating sales is a crucial aspect of growing your business. We also know that time spent on payments is time not spent teaching. That’s why we’ve launched Thinkific Payments - to help you sell more courses and spend less time doing it!
As part of Thinkific Payments, our new built-in checkout is regularly tested and optimized to help maximize conversions. As well, order tracking, refunds, and payouts are now built right into Thinkific.
How It Works
Thinkific Payments allows you to accept payment from students through Thinkific's Built-in Checkout - without connecting with a third-party payment provider. In the past, our built-in checkout required you to connect with Stripe or Paypal to process payments. Now with Thinkific Payments, all you need is a Thinkific account and a bank account to start selling your courses.
Student refunds, orders, recurring payments, and payouts to your bank account are all tracked in your Admin Dashboard.
- If you previously used Stripe or PayPal to process payments on Thinkific, you can log into your Stripe or PayPal account for records of any student payments that were processed before signing up for Thinkific Payments.
- Only the Site Owner can set up or make changes to a Thinkific site's Thinkific Payments account.
- The Site Owner, Site Admins, and Course Admins can set a course or bundle's pricing, however, changes made by Course Admins will be sent to the Site Owner/Site Admins for review.
Set Your Course Pricing
Create a One-Time Payment Price for Your Course or Bundle
For instructions on how to set up one-time payment pricing for your products check out our guide: Create a One-Time Payment for Your Course or Bundle.
Create a Subscription Price for Your Course or Bundle
For instructions on how to set up subscription pricing for your products check out our guide: Create a Subscription Price for Your Course or Bundle.
With Thinkific Payments, you have the option to set the subscription payment frequency to Day(s) and Week(s), as well as the standard options of Month(s) or Year:
Create a Payment Plan for Your Course or Bundle
For instructions on how to set up payment plan pricing for your products check out our guide: Create a Payment Plan for Your Course or Bundle.
Add Additional Prices for Your Course or Bundle
For instructions on how to set up additional prices for your products check out our guide: Provide Additional Prices For Your Course or Bundle.
Managing Student Payments
Now that you've set up your Thinkific Payments account and set your course pricing, check out our article on Managing Student Payments.
Frequently Asked Questions
How much does Thinkific Payments cost to use?
Thinkific Payments costs the same as Stripe to use.
For a breakdown of fees, check out our article: What fees do I pay with Thinkific Payments?
If you're looking for more information about fees, please email email@example.com.
When refunding a student, do I receive a refund for processing or transaction fees?
There are no fees to refund a charge, but the fees from the original charge are not returned. This is true for full and partial refunds.
I signed up for Stripe and/or PayPal originally, what happens when I sign up for Thinkific Payments?
When you sign up for Thinkific Payments, all recurring payments going forward will be processed through Thinkific Payments. If you previously integrated with Stripe, you can log into your Stripe account for records of any recurring payments that were processed before signing up for Thinkific Payments.
If you have integrated with PayPal, students will still see the option to pay with PayPal at checkout for courses and bundles with one-time payment pricing. You can log into your PayPal account for records of these and past transactions processed through PayPal.
For more information, check out our article: Did my student's purchase go through Thinkific Payments, Stripe, or PayPal?
Can I switch back to Stripe if I don't like Thinkific Payments?
Absolutely. Please email firstname.lastname@example.org for assistance.
Is Thinkific Payments available to Creators outside the USA and Canada?
Thinkific Payments is currently in a private release and only available to Creators based in the USA and Canada.
Students do not have to be located in the USA or Canada to purchase courses from Creators using Thinkific Payments.
How do my students get receipts?
Thinkific Order Receipts will send automatically - when enabled - for orders made through Thinkific's Built in Checkout, including payments processed through Thinkific Payments. For more information about automatic order receipts and how to enable them, check out our article: Student Order Receipts and Payment Notifications.
Students can view their Order History from their Student Account and Profile. Students also have the option to print order summaries from this area of their account.