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Creators appoint Teachable as their limited payment collection agent for the purpose of accepting Student payments, and Teachable's obligation to remit funds to Creators is conditioned on its successful receipt of those funds from Students. Once a Student pays Teachable, the Student's payment obligation to the Creator is extinguished.
This analysis describes what Teachable's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes the legal structure under which Teachable collects and remits Creator revenue, making Teachable's payment obligation to Creators contingent on receipt from Students. In the event Teachable does not remit received funds, the Creator's recourse is against Teachable rather than the Student, which concentrates financial risk on the Creator's relationship with Teachable.
Under this clause, Student payments made through Teachable Native Gateways extinguish the Student's payment obligation to the Creator upon receipt by Teachable. If Teachable fails to remit funds to a Creator, the Creator's recourse is against Teachable rather than the Student, and the Student has no further payment obligation for the purchased service.
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"Each Creator collecting payment for services provided on the Teachable platform via Teachable Native Gateways hereby appoints Teachable as the Creator's payment collection agent solely for the limited purpose of accepting funds from Students purchasing such services. Each Creator agrees that payment made by a Student through the Teachable Native Gateways shall be considered the same as a payment made directly to the Creator, and the Creator will provide the purchased services to the Student in the agreed manner as if the Creator has received the payment directly from the Student. Each Creator understands that Teachable's obligation to pay the Creator is subject to and conditional upon successful receipt of the associated payments from Students. Teachable guarantees payments to Creators only for such amounts that have been successfully received by Teachable from Students in accordance with these Terms.Excerpt from Teachable's Terms of Use
(1) REGULATORY LANDSCAPE: The payment collection agent structure may engage state money transmission licensing requirements depending on the volume and duration of funds held by Teachable on behalf of Creators. The CFPB may have oversight interest in payment facilitation practices affecting consumers. State AG offices in states with money transmission statutes are relevant enforcement authorities. (2) GOVERNANCE EXPOSURE: Medium. The agency structure shifts remittance risk to Creators who depend on Teachable's operational ability to collect and remit funds. The conditioning of Creator payment on successful Student receipt creates a contingency that may affect Creator cash flow planning. (3) JURISDICTION FLAGS: Money transmission licensing requirements vary by state and may affect the enforceability or regulatory permissibility of the agent appointment structure in certain jurisdictions. EU-based Creators should assess whether Teachable's payment facilitation role engages PSD2 or national payment services regulations. (4) CONTRACT AND VENDOR IMPLICATIONS: Creators using Teachable as a primary revenue channel should assess the financial risk associated with Teachable's role as collection agent, including exposure to Teachable reserve policies and the contingency on Student payment receipt. (5) COMPLIANCE CONSIDERATIONS: Legal teams advising Creator businesses should confirm that the agency appointment is consistent with applicable money transmission regulations and assess whether Teachable holds the required licenses in relevant jurisdictions.
This provision establishes the legal structure under which Teachable collects and remits Creator revenue, making Teachable's payment obligation to Creators contingent on receipt from Students. In the event Teachable does not remit received funds, the Creator's recourse is against Teachable rather than the Student, which concentrates financial risk on the Creator's relationship with Teachable.
Under this clause, Student payments made through Teachable Native Gateways extinguish the Student's payment obligation to the Creator upon receipt by Teachable. If Teachable fails to remit funds to a Creator, the Creator's recourse is against Teachable rather than the Student, and the Student has no further payment obligation for the purchased service.
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