How do I set up a paid class and when do I receive course earnings? How do I set up Stripe Connect?

updated 6 mths ago
8replies

OpenLearning platform offers the option to set up paid courses that are available to global learners. To do this you will need to have a Stripe Connect Account.

What is a Stripe Connect Account?

Stripe Connect Account is part of an automated payment system that allows course providers to be paid when a learner has enrolled in their paid course. Moving forward all paid course enrollment and certification will go through Stripe and course providers will be required to create a Stripe Connect Account to sell courses*.

The process of completing the Stripe Connect Onboarding for course providers should take ~10 minutes.

*Stripe Connect Account is available in these countries.

What are the b enefits of a Stripe Connect Account?

Allows course providers to sell courses in 135+ countries that Stripe supports
Weekly payout - course providers will be automatically be paid weekly to their chosen bank account via Stripe
Transparency: you are able to see every course/certificate sold, the amount of money coming in from the next payout, and being able to add multiple users to manage the Stripe Connect Account

How do I set up my Stripe Connect Account?

Note: Only the subscription owner could set up the Stripe Connect Account from his/her OpenLearning account. If you are not sure who is the subscription owner in your current subscription plan, please contact support@openlearning.com for further assistance.

If you don't have a Stripe Connect Account yet, please follow these steps.

Step 1

Click on your profile icon, choose > Manage subscriptions > Course Marketplace tab.

Step 2

Select the country that you have a bank account with, and would like to be paid in.
Click on the Set up your Stripe Connect Account button.

Step 3

You will be redirected to Stripe's Express Onboarding, where you will need to provide your mobile number and email.

Important: If you already have a Stripe Connect (Standard, Express, etc) account that you use for other services, you will still need to set up a new Stripe Connect account for your subscription with OpenLearning. However, you can use the same email and phone number to register and your new account will appear under the same login.

Note - if you run multiple institution portals, you can use the same Stripe Connect account for all of them, as long as they are under the same subscription.

Step 4

Please enter the verification code sent to your phone.

Step 5

You will then need to fill out your personal details.

Please note: You will be asked to verify your identity against what you have filled out here (i.e name, date of birth, and address). Please make sure it matches with your proof of identity documentation

Step 6

You will then need to provide a business website or a description of the product that you are selling (online course).

Step 7

Please provide the bank details that you want to be paid in.

For international learners who have enrolled in one of your paid courses, the money will be exchanged to the same currency as the bank that you provided.

Step 8

You will then need to verify your identity by clicking on the update button.

Step 9

Please provide proof of identity document that matches the identity fields you have filled out previously (i.e your name, date of birth, and address). Furthermore, you will need to verify with an image of yourself that will be matched against the document you have submitted.

Step 10

Before submitting the form, please review your personal details, business details, management ownership details, and payout details.

Step 11

You will then be redirected back to the Course marketplace page where you will be able to see your Stripe Connect Account status being active. It will also display the revenue sharing terms and have a button for you to easily access your Stripe Connect Account.

Note: If you already have a Stripe Connect account linked to your course, and you'd like to use a different one, please contact support@openlearning.com.