What are fees and currencies?

Fees

Skool charges 2.9% + 30c /transaction.

This is cheaper than Stripe because Stripe charges an additional 1.5% for international cards and 0.5% for subscriptions. Most people switching from Stripe to Skool will save 1-2%.

Currencies

All prices on Skool are in USD. Payouts are in your local currency. We do not support USD deposits outside of the US. We only deposit in local currency.

VAT/sales tax

Skool handles VAT/sales tax compliance for you. You don’t need to register for VAT or do anything. All VAT/sales tax liability is on Skool, not you. Payouts from Skool to you are VAT/sales tax exempt because Skool is a US company. When a customer is in the EU, Skool will automatically add VAT to the purchase price, capture it, and remit it to the government.

Refund policy

Skool’s policy is to let Creators offer refunds to Members at their discretion. Skool reserves the right to issue refunds, at its discretion, depending on circumstances. In most cases, Skool will not refund on behalf of Creators.