How to check the Skool payout status?
Whenever you make money by selling subscriptions or by course sales within your group, the funds are accumalated at your Skool account level, and are paid out to your bank account. Here's how to look at payout info:
- Navigate over to your group and click SETTINGS to open up the admin settings modal. Click the Dashboard tab.
- 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.
Please be informed that it may take up to 7 days for the funds to become available for the payout following the initial transaction. To protect all of our users, first payouts undergo extra verification and might take a little longer to reach your bank.
The time to payout can be anywhere from 8 days to 14 days. After the first payout, it should be processed every Wednesday directly to your bank account as long as you have funds available to be paid.
Additionally, please note that bank account deposit latencies vary. For most US based bank accounts, it takes 1 to 3 business days for the deposit to reach your bank. For international banks, it can take 3 to 5 business days.