This Pricing and Promotions Policy includes all of the information on Our pricing and optional marketing programs.
We will provide You notice via email or a notification on the Wizrev website prior to any material changes to this Pricing and Promotions Policy taking effect. If You have any questions on this policy, please email firstname.lastname@example.org.
Selecting a Base Price
As an Instructor, You may select a Tier governing the Base Price for Your Course from the Wizrev price tier matrix (summary of which is provided below). You can do so by going to the “Price Edit” screen in Your Instructor Account. Thereafter, Students will see the price selected, unless otherwise adjusted pursuant to the terms of this Pricing and Promotions Policy. This price tier matrix will be updated periodically according to market conditions or as exchange rates change. Notwithstanding, in connection with promotional programs, certain Courses may be priced at higher prices at Wizrev’s discretion
Except when a Course is made available through Wizrev’s Marketing Programs, or when a Course is offered on Wizrev’s mobile applications, an Instructor will be solely responsible for determining the Base Price to be charged for such Course, in accordance with the Instructor Terms. In the case of Courses offered on Wizrev’s mobile applications, the mobile platform provider’s pricing matrix will control and the provider will select the price tier that is closest to the Course price set by the Instructor. Please note that currency conversion on mobile platforms is controlled by those platforms and accordingly your Course price may appear as different than the pricing tier You selected.
Revenue Share and Taxes
As set forth in Section 9 of the Instructor Terms & Conditions, If You do not opt into the Wizrev Marketing Programs (see below), We will pay You fifty percent (50%) of the Net Amount received for Your Course less any applicable deductions such as Student refunds (“Standard Revenue Share”). Should You decide to opt into any of Our Marketing Programs, the relevant revenue share may be different, as defined for each program.
Wizrev makes all payments to Instructors in Philippine Pesos regardless of the currency in which the Student transacts. Wizrev will assume all transaction processing fees, excluding foreign currency conversion.
When the country from which the Student purchases the Course requires Wizrev to remit Value Added Tax (VAT) or GST (Goods & Services Tax), We will deduct the tax amount from the Course Sale Price when calculating the Net Amount. The Net Amount will be split between Wizrev and Instructors under the applicable revenue share model.
Your revenue report will display the local Sales Price (in localized currency) and the applied exchange rates:
You can view additional information by clicking on an individual transaction.
Instructor Created Coupons
As an Instructor, You may be able to increase Your sales by promoting Your Courses by using a coupon code (“Coupon Code”) that You have created on Wizrev.
You will receive ninety-seven percent (97%) of the Net Amount (as defined in the Instructor Terms & Conditions) from those Student who inputs Your Coupon Code at the time they enroll in Your Course.
By using Coupon Codes, You may offer Your Courses at any percentage discount, provided Your Course Sale Price does not fall below approximately 600 Php. Alternatively, You may also offer Your Courses for free, i.e. at a full 100% off of the Base Price. Note that the actual discount may be slightly higher due to rounding and currency conversion. Notwithstanding the foregoing, You may issue Coupon Codes that allow Users to take Your Course for free.
As an Instructor, You should be aware that the currency Your Students see on the Services may be different than the currency at which You listed Your Course. Your coupon will still work and it will give a proportional discount in any of the Wizrev supported currencies.
When the country of the Student requires Us to charge tax, Course prices set by Instructors are inclusive of tax in the transaction. When an Instructor sees this transaction in the revenue report, the revenue share is calculated from the price the Student paid minus tax.
This policy may be updated from time to time.