uniMonk > Commission & Payment

Commission & Payments

UniMonk offers an unique opportunity for tutors to earn their full tuition price from groups of online students where each student pays equal proportion of tutor’s full-price hourly rates.

For example: A tutor charging Rs 600/hr can charge Rs 60 each from 10 online students or Rs 40 each from 15 students. Similarly, a tutor looking to charge Rs 1000/hr can charge Rs 50 from 20 students or so.

Also, uniMonk allows tutors to design courses with up to 45 classes under one course. When a student buys the course, he commits to the all the classes in that course and pays the full fee in advance.

For example: if a student joins 10th class Maths Trignometry course of 20 classes at Rs 30/ hr, he will pay Rs 600 in advance for the whole course. 15 such students in one batch will make it an earning opportunity of Rs 9,000 for 20 hours from the whole live online tuition course.

 

Refund option for students

Tutors must keep in mind that uniMonk offers dissatisfied students complete freedom to leave the course anytime they want and their fee for unattended/ disputed classes will be refunded to them, which shall bring down tutor’s earning from the course in same proportion.

For example: If 15 student joins 10th class Maths Trignometry course of 20 classes at Rs 30/ hr, it will mean Rs 9,000 of tutor fee from the course. If 3 students leave in between, it will bring down tutor’s fee from Rs 9,000 to Rs 7,200 for the whole course.

ZERO (0) charges offer

uniMonk will not charge any success fee from tutors for classes taken till 30-Sep-2015 by tutors for orders placed on uniMonk before 30-Sep-2015. Only a payment gateway handling charge of 3.5% will be levied on tutors in this time. UniMonk will receive advance payment of tuition from students and release as per completed classes to tutors on every 2nd and 16th day of the month.

 

Standard Charges

After 30-Sep-2015, a success fee of 15%, with a minimum of Rs 10 per student per class, will be charged from the tutor for every payment received by the tutor. UniMonk will receive advance payment of tuition from students and release as per completed classes to tutors on every 2nd and 16th day of the month.

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