Learn what fees to expect with your Thinkific account.
Pricing is an important step in the initial stages of launching any online course, and we are here to make sure that you are set up for success from the very beginning!
At Thinkific, we are confident that we have a plan that will work with each course creator’s budget, regardless of whether you’re a new solo-preneur teaching online for the first time, or if you’re a learning administrator for a large enterprise!
Here is a quick breakdown of all associated costs on the Thinkific platform:
Credit Card Processing Fees
This is a charge administered directly by a payment gateway and you will see these charges when you start accepting payment for your courses. Most payment processors charge around 2.9% + $0.30 for each successful transaction, but it does vary from country to country.
If you are a new Creator and located in a supported country, Thinkific Payments will be your default payment processor. Learn more about which countries support Thinkific Payments.
Monthly or Yearly Subscription Cost
Thinkific plans are offered in monthly or yearly subscriptions. Monthly plans are billed on the same day each month and yearly plans are billed on the same day each year. In addition to the subscription fees, depending on your location, you may also be required to pay sales tax, value-added tax (VAT), or other taxes on top of the subscription fee. If a month is missing your plan renewal date, the billing date will shift to the last day of the month.
Cross Border Transaction Fees
Thinkific is a Canadian company. Depending on your card type, you may see a small additional fee (usually less than $1.00) appear on your credit card statement that coincides with your Thinkific subscription charge.
This is called a cross-border (C/B) or an international transaction fee (ITF). This fee is not charged by Thinkific. You may see that the statement descriptor shows as Thinkific.com however, the fee is actually being charged by your merchant provider (Visa, MasterCard, Amex, etc.)
You can learn more about these fees here: Foreign Transaction Fees