How to set up payouts? (NEW)

Here's how to connect your local regional bank account to your Skool account for your group payouts and for your affiliate commission payouts. Payouts settle in local currency. There are no additional fees for currency conversion.

The new payout system is currently rolled out for users in Colombia and India. More regions are added every week.

1. If you have already started getting paid members for your group, then navigate to

   SETTINGS > Payouts > Add Payout method.

You can also add the payout method in the group setup stage, from your profile settings.

In either case, you are adding a bank account to your Skool account, and all groups' payouts and affiliate payouts will go to the same bank account.

2. Select the country you reside in and/or the country your bank account is in, and then authorize your account via the code sent to your email inbox.

3. Add your personal information. Use the exact same name that is on record with your bank.

4. Once the personal info is added, you'd need to get your account verified. This is a mandatory KYC process. There are three ways to get the account verification:

a) Scan the QR code and complete it on your mobile device.

b) Send link via SMS to your phone, and complete on your mobile device (SMS takes 2 min to arrive).

c) Continue on the current device itself.

You must allow camera access to your browser and/or your device to complete this step.

5. Proceed to add your local regional bank account. If you are based in Colombia, proceed to add a COP bank account. If you are based in India, proceed to add an INR bank account.

Once this process is done, you should be all set!