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!
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. As of June 10th 2022, all new UK (England, Wales, Scotland, Northern Ireland) creators who sign up for Free and Basic plans will also have Thinkific Payments set as their default payment processor. Learn more about this update: Thinkific Payments Updates: What to Know
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 on the Free or Basic plan, and you are located in the USA, UK, or Canada, Thinkific Payments will be your default payment processor. Learn more about the processing fees for Thinkific Payments.
Monthly or Annual Subscription Cost
This is the monthly or annual cost for your specific Thinkific plan. All monthly and annual prices are in USD. Monthly plans are billed on the same day each month, and Annual plans are billed on the same day each year. If a month is missing your plan renewal day, the billing date will shift to the last day of the month.
Additionally, we do have a Free plan with some great Core Features!
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 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