Indie Author Pays Dearly for Misunderstanding Kindle Terms and Conditions

UPDATED 3 August 2014 It was reported that Amazon had updated its pricing policy and would now be paying 70% for books priced below $2.99 if the price were the result of price-matching a competitor (this is true). An indie author was blogging (read: bragging) how this new policy could be used to trick Amazon into paying a 70% royalty for a book normally priced in the 35% royalty category (ie., books priced below $2.99 or higher than $9.99): the trick, it was suggested, was to price one’s book at Read More …