TCommerce is our proven selling and payments solution with features to help you boost sales, process payments, streamline business admin and track success — all in one place. Customers on TCommerce sell more, earn more, and have larger transactions. Learn more below about our robust suite of features to help you save time and sell more.
In this article:
About This Feature
TCommerce, powered by Thinkific Payments, provides you with a suite of business management and selling tools all in one place, to help save you time and hassle. From processing student payments and subscriptions (just like you do on Stripe or other third-party payment providers) to automating upsells and tax reports, you’re given more time to focus on teaching — and less on tedious day-to-day tasks.
Thinkific customers on TCommerce sell more. We built TCommerce specifically for creators and education businesses, to help you sell more, and spend less time doing it. We’ve seen the data: Thinkific creators on TCommerce earn more, have increased conversions and have larger transaction sizes overall!
- Customers on Thinkific Payments have seen up to 22% larger average transaction sizes.
- Gifting can boost transaction sizes by up to 6.2%.
- Customers who offer Buy Now, Pay Later payment methods (e.g. Klarna and Afterpay/Clearpay) see higher transaction sizes and earn 7.5% more revenue on average.
- Orders with an Order Bump have a 20% larger average transaction size.
- Smart Retries help TCommerce customers to earn up to 30% more revenue.
How TCommerce Can Help You:
-
Increase Sales
Boost your sales and efficiency by utilizing built-in selling tools, such as Order Bumps and Gifting, and leveraging additional payment options, such as Buy Now Pay Later (BNPL), digital wallets, and bank redirects.
-
Streamline Payments and Bookkeeping
Streamline your payment processes and bookkeeping tasks by easily tracking and managing student payments, refunds, fees, and taxes directly from your Thinkific Admin dashboard. Or integrate with your bookkeeping platform for easier management!
-
Enhance Productivity
Improve your productivity by having all your course creation, payment management, and selling tools conveniently located in one central platform. This integrated approach simplifies your workflow and saves you valuable time.
-
Avoid the Third-Party Payment Gateway Fee
The Third-Party Payment Gateway fee is charged on all transactions processed using third-party payment providers, like Stripe or Paypal, as a percentage of the transaction value. Avoid the fee by utilizing TCommerce instead!
How It Works
Set up Thinkific Payments now to gain instant access to the suite of features that TCommerce has to offer!
TCommerce is available to Creators based in Thinkific Payments-supported countries. To get access to TCommerce and its features you need our built-in payment processor, Thinkific Payments.
If you are a new creator based in one of our supported countries TCommerce will be your default payment provider.
If you are an existing creator looking to use TCommerce to help you scale your business, learn more about how you can migrate to Thinkific Payments from Stripe here.
Read more about what TCommerce can do for you in the next section!
TCommerce Features
By enabling Thinkific Payments, you instantly get access to the suite of TCommerce features!
Adopting TCommerce as your primary selling and business management tool offers multiple features that ensure you have to start selling more and spend less time doing it. Learn more about all the features TCommerce has to offer.
Integrated Payments
Thinkific Payments
Thinkific Payments is our built-in payment processor that allows you to accept payments, and manage payouts, orders, and refunds directly from your Thinkific Admin dashboard. Everything you need to run your business efficiently is now in one convenient place.
One-click Payment Control
Effortlessly handle refunds and chargebacks and effectively manage student subscriptions and payment plans directly from your Thinkific dashboard, simplifying the entire process with just a single click.
Subscription Management
Offer subscription-priced products as Order Bumps and manage subscription products to create recurring revenue.
Fraud Prevention
Fraud prevention, available exclusively on Thinkific Payments, includes the following:
- Radar helps monitor and block fraudsters from exploiting your checkout, free of charge
- Our in-house team of analysts monitors and reaches out when we detect potential high-risk transactions or early fraud warning transactions. This allows you to refund a suspicious order before it potentially becomes a chargeback.
- A chargeback guarantee solution to select creators, for a fee. This solution offers you peace of mind so you do not have to deal with or worry about chargeback losses. If you're interested in this solution, please email us at payments-support@thinkific.com.
Automatic Card Updates
TCommerce-exclusive webhooks
Set up tracking and integrations on your own platform, using TCommerce-exclusive webhooks for transactions and subscriptions.
Local currency at checkout
Reach more learners and increase your global sales with local currency at checkout. It automatically displays prices in your buyer’s local currency for a seamless, trustworthy purchase experience. Learn more here: TCommerce: Local Currency at Checkout.
Integrated Bookkeeping Tools
Payout Reporting and Instant Payouts
Keep track of your earnings conveniently within your Thinkific dashboard. Access the Payouts Report to reconcile your revenue with the Orders Report for each scheduled payout, ensuring accurate financial tracking and reporting.
Want to access funds within minutes? Instant Payouts allow you to enhance cash flow and financial flexibility, and are available 24/7, including weekends and holidays.
Transaction Reporting
Utilize the Transaction Report to access detailed information on students' purchases, enabling you to accurately track your tax liability and maintain thorough financial records.
Subscriptions and Revenue Dashboards
Easily understand your lines of recurring revenue and the overall revenue and gain valuable insights by leveraging data via the Subscriptions and Revenue Dashboard.
Sales Tax and VAT Solution
As part of our commitment to compliance–and making your life easier–Thinkific automates tax management for your US, Canadian, UK, and EU sales (where tax is applicable) with our Sales Tax and VAT Solution.
Sync with QuickBooks or Xero
Integrate with Xero using the Xero app or Auto-sync your Thinkific Payments transaction with your QuickBooks Online account by utilizing the QuickBooks Sync app! Reclaim valuable time spent on tedious bookkeeping tasks, so you can focus on what matters most to you and your business.
Integrated Selling Tools
Invoicing
Order Bumps
Upsell a related product directly in the checkout with Order Bumps and take advantage of the existing motivation and momentum of your primary sale.
Additional Payment Options
Expand your payment options to include Buy Now, Pay Later (BNPL), Digital Wallets, and Bank Redirects to boost your revenue, improve conversion rates, and provide a seamless and convenient payment experience.
Gifting
Sell your learning products as gifts that your students can give to friends, family, and loved ones.
Automated Email Reminders
Incomplete Purchase Reminder emails help you recover missed sales opportunities while encouraging learners to try their purchase again by reminding them of the value they're missing. Upcoming Payment Reminder emails notify students about the upcoming annual subscription payment. These reminders are a great tool to help prepare learners for the payment and avoid bill shock.
Group Orders
The Group Order feature makes it easy for your customers to purchase multiple seats for a single product and seamlessly assign them to others - no extra tools or manual workarounds required. Everything is managed through Thinkific’s built-in group orders checkout and Seat Manager dashboard, so you can effortlessly grow your B2B sales while delivering a streamlined, professional experience to every client.
Abandoned Cart Emails
Recover lost sales and increase conversions with abandoned cart emails, exclusively on TCommerce! Easily re-engage potential students who leave the checkout process without completing their purchase. By automating follow-up emails, this tool helps you recover lost sales and boost conversion rates, all behind the scenes without any extra effort from you.
Student Reviews on Performance Checkout
Coming Soon
We will always work to build features and solutions that are informed by real customer needs and feedback. Coming soon to TCommerce:
- Priority customer support with extended hours
- Checkout customization options with your own branding
- Sales Tax resources and simplified student exemption process
- Ongoing reporting & analytics improvements
- And much more to come later this year, and ongoing in the future!
Frequently Asked Questions
Is Thinkific Payments and TCommerce the same thing?
No, Thinkific Payments is one of the many features of TCommerce. Thinkific Payments is our default payment processor and is also the payment processor that will give you access to TCommerce's suite of features.
Is TCommerce available globally?
TCommerce is currently only available to creators based in a Thinkific Payments-supported country.
What is the transaction fee for using TCommerce?
Transaction fees vary between different countries. Take a look at our Thinkific Payments Transaction Fees article for a full breakdown.
Is TCommerce reliable and secure?
Thinkific Payments has an uptime of 99.95% and a dedicated engineering team supporting it. TCommerce and Thinkific Payments are built in partnership with Stripe, ensuring a high level of security and trust.