6) Payment & Pricing
Your earnings will be sent to your bank account on the 4th of each month. It may take anywhere between 1 and 4 days (excluding weekends) for the payment to reach you (this depends on the banks). The payment will cover all the lessons you gave during the previous month.
Setting Your Pricing
When you created an account, you were asked to set your lesson rate. This can be updated at any point via Settings.
The rate applies to single lesson purchases. To encourage students to take more lessons with you, if a student buys 5 lessons, the price per lesson will be 4% lower; if they buy 10 lessons, it will be 8% lower; and for 20 lessons it will be 12% lower. You may wish to consider this when setting your rate. You do not need to consider LanguaTalk commission as this will be added afterwards.
You may wish to start at a slightly discounted rate and increase it gradually as you build your reputation through receiving positive reviews. The lowest rates tutors are permitted to set are as follows (in USD):
German & Swedish: $15
French, Italian, Dutch & Japanese: $13
Spanish, Portuguese & Romanian: $10
You can also set a rate for an individual student by going to Students > Student Details, adding the rate and saving. This will override your standard rate. You could use it if you increase your standard rate but want to protect existing students from price rises to encourage them to stay with you.
With regards to the 30-minute trial sessions, you'll get more bookings if you offer them for free to students who are new to LanguaTalk, however you can opt to charge 30% of your standard 55-minute lesson price if you select this option in your Settings. Students who are not new to LanguaTalk will always be charged 30%.
Commission & Payment Fees
Next up: everything you need to know about trial sessions.