What fees does MentorCruise take?
MentorCruise takes a platform fee on each payment processed through the site. These fees may differ depending on the product, cost, and nature of the payment.
Please note that this article is only explanatory. The foundation of our fee structure, as well as the target net take rate, is anchored in the mentoring agreement. The exact calculation is subject to change.
When you edit your plans, the definite fee is calculated and shown to you based on the latest version of the calculation. We don't change the prices of existing mentorships or subscription plans without prior announcement and consent.
In short: Our take rate is 16% on each subscription transaction. Our pricing generally puts a 20% markup on top of your fee, which is then shown to mentees. For example, a $100 plan will turn into $120 when shown to mentees. $100 go to you, $20 goes to us.
$100 * 1.2 = $120$20 / $120 = 16.6%
In some cases, this rate may fluctuate to round to a nicer number – for example, we may decide to charge a lower fee to nicely round a plan down to $200 instead of $204. Your cut stays will stay the same – our markup just gets lower.
Exceptions apply for certain price ranges – as described below.
Minimum fees for mentorships under $100/mo
The minimum MentorCruise fee for subscriptions is $20. This means for smaller plans, you may see a higher percentual take rate than advertised. For example, a $50/mo plan will still be shown and charged as $70 to mentees – that's a 28% take rate.
The risk and work we're taking on for smaller plans is equal to us – if not larger – than their larger counterparts, leading to this flat fee for small plans.
If you'd like to meet mentees on a discounted or irregular basis, one-off sessions may have a more attractive fee structure.
Fee structure for mentorships between $100 and $800
For plans under $800/mo, the advertised take rate is charged. This fee is capped at $100, meaning that plans between $500 and $800 are no longer charged linearly – the fee here stays a flat $100 and the take rate is reduced. A $700 plan gets charged as $800 – that's a 12.5% take rate.
Discounted fee structure for "pro" plans over $800/mo
Plans over $800 – called Pro plans – are only accessible to "Top mentors". These plans are charged at a reduced markup of 10%, starting at $100. Our monthly fee is capped at $200.
Sessions
One-off sessions have a flat fee between $9 and $39 applied. In your dashboard, you're being shown the amounts paid to you. We charge a 10% fee on custom sessions you have created yourself.
Custom Plans
Custom plans created from your mentoring dashboard for a specific mentorship follow the same fee structure as pre-defined plans.
The fees are taken directly as a cut instead of being added on top of the publicly visible plan price. However, the take rate is the same as with pre-defined plans.
- Pre-defined plan: $150/mo selected as payout -> $180/mo cost to the mentee
- Custom plan: $180/mo selected as cost to the mentee -> $150/mo payout
Changelog
- April 17, 2024: Previously, plans over $500 were only accessible to top mentors. Since plans up to $800 are now accessible to the general audience, we've adjusted the caps and pricing limits accordingly.
- July 17, 2023: The minimum fee for plans was increased from $10 to $20, reacting to various chargebacks and fraud issues we've encountered from mentees booking these smaller plans.