Yocolab Payout Policy

PLATFORM FEES :

  • Yocolab takes a percentage of the class fee for maintaining the platform and help instructors to promote their classes. Yocolab does this by running multiple marketing campaigns on various platforms.

  • For every class, Instructor will receive 75% of the total class fees and Yocolab will retain a 25% platform fee.

PAYOUTS :

  • Yocolab makes the payout process hassle-free. Yocolab partners with multiple payment gateways such as Stripe and Razorpay to facilitate payouts. Bank details for Instructors will be collected and securely stored by Stripe and Razorpay gateways. This is the pre-requisite for completing your registration process as a Yocolab Instructor. This will be a one time activity.

  • Payouts will be initiated once the class is successfully completed by the Instructor. These payouts will be directly credited to the Instructor’s bank account. Below will be the schedule of payments:
Class conducted between 1st – 15th of every month Payout on 1st of next month
Class conducted between 16th – last day of month Payout on 15th of next month

In case of any complaints/concerns raised by the students in a particular class, Yocolab reserves the rights to hold Instructor’s payout until the complaints/concerns has been resolved.