When and how much will I get paid? How do payouts work?

You have two options to get your payouts on MentorCruise: Stripe and Borderless. Stripe is available in  dozens of countries and is our preferred method. If you're currently living in a country supported by Stripe, we strongly recommend sticking to it.

Here are the differences in payout timings and fees between the two.

Stripe Connect

You'll see a new charge on your Stripe account as soon as your mentee pays. Stripe will generally process your payout within 7 days. Some countries profit from accelerated payouts (3 days) and even instant payouts to a debit card.

On your profile, you'll generally see the breakdown of fees that were charged from your mentee, not only your payout amount.

Let's assume you charge $100 per month. A charge may look like this.

Bank Transfer (via Borderless)

If your payment comes to you through direct bank transfer (not Stripe Connect), you'll get a payout receipt at the start of each month (typically on the 4th of the month) with all transactions from the previous month. How the numbers come together is influenced by a few different things:

• Successfully charged payments
• Along the way, the credit card processor takes a fee (2-3% of the payment)
• Currency conversions can influence payments to some degree
• The platform fee we take (is applied on top of the price you set)

For example, if you've set your price to $100 per month, your payout might look as follows:

You can see the schedule of your next payout on the payouts dashboard.

Our invoice shows the payout amount before bank fees. Borderless is charging another fee that's depending on payout amount and country. Usually 2% – but with a minimum between $4 to $8.