Connect with Stripe Express to receive payouts for courses you sell on Spotify!
In this Article:
Stripe Express Supported Countries
How to Connect with Stripe Express
About Stripe Express
Thinkific uses Stripe Express to offer an easy and secure way to receive payouts for your courses offered through Spotify. Stripe Express account is separate from your existing Stripe or Thinkific Payments accounts. You must create a Stripe Express account to receive payouts for your Spotify course offerings.
Stripe Express Supported Countries
Only businesses located in the following countries are supported in the program and can connect to Stripe Express for payout:
Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Thailand, the United Kingdom, and the United States.
If your business is not located in one of the supported countries, you cannot receive the payouts and cannot participate in the Spotify program.
How to Connect with Stripe Express
Ensure you have the following pieces of information before setting up Stripe Express:
- Business address
- Home address
- Government-issued ID
Once your information is ready, you can set up your account through your Thinkific Dashboard.
- Click on Spotify from your Thinkific Admin Dashboard
- Select Payouts
- Under Terms of Service, check off the box and click Agree
- Under Stripe Connection, select the country where your business is based
- Select Connect Stripe
- A Stripe Express onboarding will open in a new tab. Follow the steps to input your personal and business information.
It will take approximately 3 business days for your account to be verified once your information has been submitted.
Account Verification Status
Verification Status | What it Means |
Verification in progress | We’re currently reviewing your account details. This takes place after the initial sign-up with Stripe Express. It can take up to 3 days to complete verification. No action is required by you. |
Connected | Your account has been verified, and Stripe Express is connected to your Thinkific site. You are now ready to receive payouts for your Spotify courses. |
Details required | More account details are required. Click Access Stripe to add the requested details. |
Verification failed | Your Stripe account was not successfully verified. Click Access Stripe or contact our Support team for further assistance |
Spotify Revenue Share Model
Courses sold on Spotify operate on a revenue share model, where you, as a Creator Educator, Spotify, and Thinkific, share the revenue generated from the courses sold on Spotify. Each sale incurs platform fees deducted by both Spotify and Thinkific, covering their services, audience outreach, and marketing efforts. After these partner commissions are subtracted, the remaining revenue is paid to you via Stripe Express.
Revenue Share Breakdown
- Spotify Platform Fee is 50% of net sales
- Thinkific Platform Fee is 10% of net sales
- Creator Revenue is 40% of net sales
Revenue Breakdown Sample
How to Receive Payouts
Once your account is verified and your course is published on Spotify, you’ll begin to receive payouts for successful purchases. Spotify will forward payment to Thinkific, and in turn, Thinkific will pay you using your connected Stripe Express account. [Learn more about the Revenue Share here.]
To view your available payout balance:
- Select Spotify from your Thinkific Admin Dashboard
- Select the Payouts tabs
- Under Spotify Payouts, you’ll see a table with monthly sales reports and the associated status of each payment
Understanding the Spotify Payouts Report
The report displays a table with three columns: Period, Sales Report, and Status.
- Period: The monthly period for which your Spotify sales are being reported.
- Sales Report: Displays your earnings for that period.
-
Status: Displays the status of your earnings.
- Available means your earnings are available to be paid out immediately.
- Processing means your earnings are being reconciled and will be available for payout within 90 days.
Payout Schedule
Your first payout from Spotify to the connected Stripe Express account will be processed within 3 months of the month in which the sale occurred (e.x. Courses sold in March will receive an associated payout in June). After the initial payout, subsequent payouts will occur in regular monthly payments.
Additionally, your first payout from your connected Stripe Express account to your specified bank account may take up to 5 business days to arrive. Subsequent payments will be deposited within 2 business days.
It is not currently possible to adjust the payout schedule.
Transaction Fees
Depending on the country where your business is located, you may be subject to currency conversion and transaction fees. These fees can range from 1-3% of the value of the Course sold.
How to Process Refunds
Spotify handles refunds and refund requests for courses sold through Spotify and will be processed according to Spotify’s terms and conditions. Students should contact Spotify directly to request a refund, if necessary.
It is not possible to process refunds for Spotify purchases through Thinkific.
The time from refund initiation to deposit into a student’s bank account can vary depending on the country and bank used by the student. Students can expect refunded payments to be deposited within 2 weeks of the refund being approved.
Refunds processed by Spotify will appear as negative value transactions and affect the payout amount.
Transaction Fees for Refunds
There are no transaction fees associated with refunds. However, there may be a currency conversion fee depending on the student’s country of residence. See the Stripe Express-supported countries where currency conversion fees apply.
More About Spotify Learning
Create with Thinkific, Sell on Spotify
Spotify Learning: Get Your Course Ready
Spotify Learning: Spotify Profile
Spotify Learning: Course Settings
Spotify Learning: Course Validations