Creating Payments with Commission

Creating Payments with Commission

Qualy allows you to easily manage commission splits when processing student payments. This guide will show you how to set up payments where you, as a Partnership, keep a commission, or send a commission to another Partnership. This functionality also works with payment plans.

Setting Up Commission for a Payment

Let’s say you have a payment of USD 1500 for tuition fees, and you want to keep a 30% commission. Here’s how to do it:

1. Select the College/School: Choose the college or school that will receive the remaining amount after your commission.
2. Set your Commission Percentage: Enter your desired commission percentage (e.g., 30%). Qualy will automatically calculate the amounts for you. Your default commission percentage will already be set.
3. Save the Payment: Once you’ve set the commission percentage, save the payment.

After the student pays, Qualy will automatically send the net payment to the school and transfer your commission to your bank account.

Setting Up Commission from a School’s Perspective

You can also use this functionality from a school’s perspective to send commission to an agent. For example, if you want to send USD 1500 to “GoToAustralia” (an agent in your system):

1. Specify the Agent: Choose “GoToAustralia” as the recipient of the payment.
2. Adjust Commission: Set the commission percentage that will be sent to the agent.
3. Save the Payment: Qualy will calculate and process the payment based on your settings.

Tip: The process is similar whether you’re keeping a commission or sending it to another Partnership. Qualy understands the slight differences in how the split should be applied.

Handling Multiple Enrollments and Commission Splits

A student might be paying for multiple enrollments (e.g., an English course and a diploma). Qualy handles this seamlessly:

1. Add Enrollment Fees: Add each enrollment fee separately (e.g., USD 200 for an enrollment fee).
2. Specify Commission per Enrollment: You can assign different commission splits for each enrollment if needed, perhaps sending a referral commission to a sub-agent.

Qualy will clearly display the final amounts you keep and the amounts sent to your partners at the end of the process. It will make all the calculations for you.