LSI announce direct deposit now available to publishers outside United States

Last week Ingram announced that Lightning Source clients outside the U.S. can now receive payment via direct deposit (EFT). At the moment, EFT is restricted to authors in the UK, Canada, Australia, Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia and Spain, and of course the United States. Payments can only be made in the national currency where the bank is located, meaning if the bank is in the UK you can only receive pounds sterling; you cannot, for example, receive euro payments in a Read More …

Amazon expands payment options for indie authors

Indie authors operating outside the U.S. have long complained about the limited payment options available to them by Amazon, particularly with regards to receiving payments by EFT (electronic funds transfer), which not only reduces the author’s cost to receive payments but lowers the payment thresholds. Well, Amazon has begun to address this issue with expanded payment options, though the stickler for many is still Amazon.com payments: while authors in Canada, Japan, and India can now receive Amazon.com payments converted into your local currency and paid by EFT into your Canadian, Read More …

CreateSpace clarifies payment terms

When I first signed on with CreateSpace their payment terms were a bit vague: they pay when royalties reach a minimum of $20.00; payment is by electronic funds transfer (EFT) if you have a U.S. bank account; if not, CreateSpace will pay by U.S. dollar cheque but they “may charge a per check fee and accrue and withhold payments until the total amount due meets a minimum dollar threshold.” What that cheque fee and minimum threshold might be was not stated anywhere. This has now been clarified: the minimum payment Read More …