How to check the Skool payout status?
Whenever you make money by selling memberships or by course sales within your group, the funds are accumulated at your group level, and are paid out to your bank account. Here's how to look at payout info:
- Click the profile pic and then Settings. Then click on admin settings for that group.
- It should be blank if you're just setting up your group. Once you get some subscribers or course payments, feel free to check the Dashboard tab again.
- Once you see a non-zero number either in the MRR or the Course sales tab, view the Payout tab for the most updated balance. Payouts occur once a week, every week on WEDNESDAYS automatically to your connected bank account.
- The balance amount and the next payout are typically not equal, with the balance being consistently greater than the next payout amount.
- Following the initial transaction, it may take up to 7 days for the funds to become available for the payout. In order to ensure the security of all our users, the initial payout undergoes additional verification and may require a slightly longer processing time to reach your bank.
- The time for the payout can range from 8 to 14 days. Subsequent to the first payout, it is expected to be processed every Wednesday, provided there are sufficient funds available for payout.
- It is important to note that bank account deposit latencies can vary. For most US-based bank accounts, it takes 1 to 3 business days for the deposit to reach your bank, while for international banks, it may take 3 to 7 business days.