Thinkific Payments is currently only available in the US, UK, and Canada. However, as part of our plans to expand its availability, we have launched a new alpha program for creators in Australia and New Zealand!
In this article:
About the Alpha
We're excited to continue to expand the availability of Thinkific Payments, making it available to as many of our creators as possible. As part of that plan, we have launched an alpha program for creators in Australia and New Zealand. This program will help us refine our payments offering in those countries, and help us address any country-specific quirks or requirements.
Participants will have access to the full set of Thinkific Payments features, including the use of Order Bumps and other related functionality.
How to Apply
If you are a creator based out of Australia or New Zealand and want to participate in the alpha, please reach out to our team directly. We'll get back to you ASAP to determine if you are a good match for the program!
Payout Schedules
Payouts are scheduled to occur daily, and will include all transactions processed up to that point. Individual transactions will generally take a few days to be processed, after which they will become available for the next Payout. The standard processing period for payments varies by country:
- Australia: 2 days
- New Zealand: 4 days
So, for example, if you are in New Zealand and regularly receiving payments from students, you will get a payout every day that includes all payments made four business days previously.
Please note that your first payout may take longer to process as Thinkific Payments verifies your account. You should receive your first payout within 7-14 days of receiving your first successful Thinkific Payment. Additionally, while most banks deposit payouts into your bank account as soon as they receive them, depending on who you bank with it may take a few extra days for funds to become available in your account.
For more information about payouts, check out this article on the Payouts report.
Transaction Fees
Thinkific Payments charges the same fees as Stripe, which differ slightly by country:
New Zealand fees
If you're located in New Zealand, the fees for successful one-time payment transactions are 2.9% + NZ$0.30 , +0% for international cards, and +2% if currency conversion is required.
If you're located in New Zealand, the fees for each successful subscription and payment plan payment the fees for successful one-time payment transactions are 2.9% + NZ$0.30, +0% for international cards, +2% if currency conversion is required, and +0.5% subscription fee.
Australia fees
If you're located in Australia, the fees for successful one-time payment transactions are 1.75% + A$0.30, +1.15% for international cards, and +2% if currency conversion is required.
If you're located in Australia, the fees for each successful subscription and payment plan payment are 1.75% + A$0.30, +1.15% for international cards, and +2% if currency conversion is required, and +0.5% subscription fee.
Frequently Asked Questions
How long will the Alpha run for?
This is currently no set date for the duration however, it is expected to last till late 2022.
When will Payments be fully available in these countries?
Thinkific Payments is expected to be available in these countries by late 2022.