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Episode 108: Navigating Doula Fees and Payments
Manage episode 380927284 series 3523620
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One of the more challenging aspects of becoming a doula is navigating doula fees and payments.
One of the most common decisions is how to take payment for the services you will provide. There is a tendency for doulas to want to avoid credit card processing fees. They often do this by using peer-to-peer payment options such as Paypal, Venmo or platforms such as Cashapp. Using these payment systems as an individual vs. as a business and with the related processing fees to you is a common but dangerous practice.
Using a personal account for business transactions can result in the account being closed and the funds lost.
In addition to how you will be paid, you must decide the structure for the payments you will receive. Many doulas do this by charging a retainer fee due at contract signing. Then a determination will need to be made about when the remaining balance will be paid.
Another key point surrounding doula fees and payments is to clearly understand how you allocate your fees. First, consider what percentage will go towards taxes. Second, what percentage will you keep in the business to pay for operational expenses? In addition, you will need to determine what your budget is for things such as marketing, continuing education, and costs such as your phone line and website.
Join us as we discuss the many considerations surrounding doula fees and payments.
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