An Amazon Tale: He Fought for His Royalties, and (Eventually) Won ....

A very dogged author relates his trying experiences with Amazon KDP and organising the payment of royalties. He does arrive at a solution, but only through sheer persistence:

“Amazon is probably the best outlet for Indie authors, but manage your expectations when dealing with their customer service.

Their help/assistance/advice to me was either inconsistent, vague, given in Amazon’s internal technical speak, incomplete, or simply wrong.

I put my latest novel up on Amazon as I did with my previous two, only this time, I put both eBook and paperback on all markets, not just Australia.

When sales started occurring, I followed those on my KDP account site.  I found their reports informative and helpful.  They gave me statistics for each marketplace and the estimated royalties.

When my Australian royalties started arriving in my Australian bank account by EFT, I thought I would find out why my sales in the other markets were not reaching me.

I then discovered those royalties could not be paid by EFT into my Australian bank account, only by cheque or wire.  Then I found that not only could an EFT transfer not happen, but that Amazon had a withdrawal threshold of 100 units for each market, e.g. US$100, CA$100, €100, or £100.

None of my book royalties in any market outside Australia is ever likely to break these thresholds, e.g. Canada royalties were CA$2.88, Eurozone (Germany)  €7.80.  So, I put the question to Amazon – how do I ever get paid these royalties?

Amazon suggested I open an account with Payoneer for each marketplace, which I did.  So, Amazon from each marketplace could now transfer my royalties to those Payoneer accounts.  However, my problem then became twofold:

  1. Payoneer does not have a banking arrangement with UK or Canadian banks. So these royalties could not be transferred to my Payoneer accounts.

  2. Then I discovered that Payoneer also has a withdrawal threshold of US$50 per transfer.

Finally, a solution:

  1.  In your KDP account go to the Getting paid tab.

  2. In your non-US/non-Australian accounts, change your payment method to your US$ account and transfer any outstanding royalties in those other non-US accounts to the US$ account.

  3. Under your Amazon US account, click and highlight every tag except Amazon.com.au.

  4. All royalties from sales in all those other marketplaces will now be currency converted into your US$ account.

  5. If or when your US$ account balance reaches above US$100 you can transfer to your Australian bank account.

  6. In my case, I have my Amazon US$ account balance transferred to my Payoneer US$ account (lower withdrawal threshold). Amazon’s US$100 withdrawal threshold does not apply here.”

Streamline Publishing presents Events for Authors

Bookings are now open for a series of author-centric events held by Streamline Publishing here in Melbourne. Located above the Eltham bookstore.

  • June 19: Jackie French AM, well-loved author for all ages, wombat whisperer, guest TV gardener and conservationist, will talk to us via private Zoom on ‘Writing for Children’. Entry to this Zoom event includes a Jackie French paperback title of your choice and light refreshments.

  • June 26: Bookseller Meera Govil: ‘How readers, writers, illustrators, publishers and booksellers can create meaningful books’.

  • July 3: Editor Cathy Oliver: ‘What makes the best Non-fiction books for children?’

More events to come in August:

August 7 ‘Publishing options in 2022’.
Traditional, Self, Indie? Open access? What do these terms mean and which is right for you? What costs are typical?

August 14 ‘The publishing process’.
From the final first manuscript to a finished book: what do editors do? Editorial and production schedules and costs. How much control will you have over your work?

August 21 ‘What do publishers want in submissions?’
Tips and some models.