In recent years some trainers have repeatedly expressed the desire to give their participants the possibility to pay webinars by installments. We are therefore pleased to announce that webinars can now be paid in monthly installments. But not only that, from now on online trainers also the opportunity to provide their participants with so-called promotional coupons.
Easy and convenient: Pay for your webinars in monthly installments
Let’s start with the installment payment: From now on, online trainers with a pro package have the possibility to activate their webinars for the payment by installments as payment method for their participants. To do so, you need to set a checkmark in the corresponding field in the event manager. In order to activate a webinar for the installment payment, the webinar must have a minimum value of 150 euro respectively 300 euro.
Starting from a value of 150 euro you can give your participants the possibility to pay the sum in 3 installments of at least 50 euro each rate. From a value of 300 euro it is possible to pay the sum in 6 installments per 50 euro. It should be noted, however, that the fees incurred for the installment payments must also be paid by the webinar participant and are added to the first rate. The fees are 3% of the total amount when paying in 3 installments and 6% when paying in 6 installments.
Let’s have an example:
You book a webinar worth 180 euro. Since the sum exceeds the minimum booking value of 150 euro but is less than 300 euro, you have the option to pay for the webinar in 3 installments if the online trainer has activated the installment payment for your selected webinar. The smallest payment to be paid is 50 euro, but since the webinar costs of your preferred webinar are 180 euro and you have to pay the amount in 3 installments, your monthly rate is 60 euro. The fee for the installment payment is calculated as followed: 3% of 180 euro = 5.4 euro. For a webinar of 180 euro per 3 installments, the fee amounts to 5.40 euro, which will be added to your first rate. Thus, you pay 65.40 euro in the first month and 60 euros per rate in the two following months.
The payout of the trainer is also done in monthly installments. The trainer receives the amount of the monthly installment payment minus the commission and the transaction costs incurred by the installment payment. For a 180 euro webinar with a commission rate of 30%, in the first month the trainer will receive the following: 65.40 € – 54 € (30% of 180 €) – 5.40 € = 6 €. In the second and third month, the trainer receives the full 60 euro as the transaction costs as well as the comission have already been deducted at the first installment.
Please note that the online trainer has to bear the risk of the installment payment. In the case of a possible loss of payment, the edudip GmbH can not cover the loss. However, participants who do not properly pay their installments won’t be able to participate in any further dates of the booked webinar.
Settings in the event manager:
Paying by installment payment:
Promotional coupons for loyal fans
Let’s continue with the promo coupons. From now on, as a trainer you have the possibility to provide your participants with so-called promo coupons. Nothing new some of you might think as promo coupons could have been given to participants already before. What’s new, however, is that in the pro package you now have ten 100% coupons per webinar, that you can give to participants to visit your webinar for free. You can for example use those coupons to say “thank you” to loyal fans or use them to acquire new participants for future webinars. To do this, simply enter the e-mail address of the participant, who you would like to let participate for free, into the available field in the coupon area when creating the webinar. The respective person will then receive an e-mail with the coupon code and thus has the possibility to participate free of charge in your webinar.
We hope you enjoy our new features!