Instructor Payments
June 26, 2023 2023-08-01 11:54Instructor Payments
Zintsomi E-Learning seeks to create a sustainable partnership with instructors, where instructors are rewarded for creating amazing content and bringing students to the platform, and Zintsomi E-Learning is rewarded for driving sales for our instructors.
There is no fee to create and host a course on Zintsomi E-Learning, and you can publish as many free and paid courses as you like.
Instructor revenue share overview
When creating Submitted Content available for purchase on Zintsomi E-Learning, you will be prompted to enter a price for your Submitted Content. Alternatively, you may choose to offer your Submitted Content for free. As an instructor.
When a student purchases using a foreign currency, we will convert the relevant price into the student’s applicable currency using a system-wide foreign currency conversion rate set by Zintsomi E-Learning.
You give us permission to share your Submitted Content for free with our employees, with selected partners, and in cases where we need to restore access to accounts who have previously purchased your Submitted Content. You understand that you will not receive compensation in these cases.
Transaction Taxes
If a student purchases a product or service in a country that requires Zintsomi E-Learning to remit national, state, or local sales or use taxes, value added taxes (VAT), or other similar transaction taxes (“Transaction Taxes“), under applicable law, we will collect and remit those Transaction Taxes to the competent tax authorities for those sales. We may increase the sale price at our discretion where we determine that such taxes may be due.
Revenue Share
When a student purchases your Submitted Content, we calculate the gross amount of the sale as the amount actually received by Zintsomi E-Learning from the student (“Gross Amount“). From this, we do a 20% & 80% split where the instructor receive 80% and Zintsomi E-Learning will take 20% from the Gross Amount. If we change this payment split, we will provide you 30 days notice using prominent means, such as via email or by posting a notice through our Services.
Zintsomi E-Learning makes all instructor payments in South Africa Rands (R) regardless of the currency with which the sale was made. Zintsomi E-Learning is not responsible for your foreign currency conversion fees, wiring fees, or any other processing fees that you may incur. Your revenue report will show the sales price (in local currency) and your converted revenue amount (in R).
Instructor Coupons and Course Referral Links
The Zintsomi E-Learning platform allows you to generate coupon codes and referral links to offer certain items of your Submitted Content to students at a discount, at Zintsomi E-Learning‘s current price, or for free, as permitted within the Services. These coupon codes and referral links are subject to limits, and you may not sell them on third-party websites or otherwise offer them in exchange for compensation. Additional information and restrictions on these coupon codes and referral links are outlined in our Trust & Safety policies.
Receiving Payments
For us to pay you in a timely manner, you must provide us with your banks accounts in the dashboard in order to make EFT payments.
Payment will be made within 45 days of the end of the month in which the instructor has made more than R 3000.00.
As an instructor, you are responsible for determining whether you are eligible to be paid by a South Africa company. We reserve the right not to pay out funds in the event of identified fraud, violations of intellectual property rights, or other violations of the law.
If we cannot settle funds into your payment account after the period of time set forth by your state, country, or other government authority in its unclaimed property laws, we may process the funds due to you in accordance with our legal obligations, including by submitting those funds to the appropriate government authority as required by law.
Refunds
You acknowledge and agree that students have the right to receive a refund, as detailed in the Terms of Use. Instructors will not receive any revenue from transactions for which a refund has been granted under the Terms of Use.
If a student asks for a refund after we have paid the relevant instructor payment, we reserve the right to either (1) deduct the amount of the refund from the next payment sent to the instructor or (2) where no further payments are due to the instructor or the payments are insufficient to cover the refunded amounts, require the instructor to refund any amounts refunded to students for the instructor’s Submitted Content.