Payment Rate Definition
Whenever an item is sold on Kidscademy, the author of the item is entitled for a percentage of the sale amount. This percentage is defined by the item payment rate. The remaining percentage of the sale is Kidscademy commisson, which covers all other expenses, including Paypal transaction fees.
Standard Payment Rate: 80% - 90%
This is the default payment rate for all authors. The standard payment rate is not a constant one, but increases with your gross sales. The more sales you have, the higher your payment rate is.
The standard payment rate starts at 80%, after which the payment rate increases one percent for every two thousand dollars sales. The rate continues increasing till reaching a maximum of 90%.
You can always view your current payment rate by visiting your profile page.
The table below shows the relationship between the payment rate and the author gross sales:
| Payment Rate % | Gross Sales $ |
|---|---|
| 80% | $0 - $2,000 |
| 81% | $2,000 - $4,000 |
| 82% | $4,000 - $6,000 |
| 83% | $6,000 - $8,000 |
| 84% | $8,000 - $10,000 |
| 85% | $10,000 - $12,000 |
| 86% | $12,000 - $14,000 |
| 87% | $14,000 - $16,000 |
| 88% | $16,000 - $18,000 |
| 89% | $18,000 - $20,000 |
| 90% | $20,000 < sales |
