: Getting paid from Amazon Kindle Direct Publishing while maximizing profits I'm writing my first book now and my idea is to publish it on Amazon KDP as an ebook. Let's be real, I'm no Shakespeare,

@Smith147

Posted in: #Amazon #Ebook #Kindle #Money #SelfPublishing

I'm writing my first book now and my idea is to publish it on Amazon KDP as an ebook. Let's be real, I'm no Shakespeare, so I'm expecting modest sales.

I want to maximize the profit and there are a few things I haven't figured out yet. For example:


how do I get paid? EFT is the simplest way that works for me but it can accumulate quite some taxes for small transfers. It would help to have few large...ish value transfers than many small value transfers. Can I control when I can transfer the money from Amazon to my banking account?
are there restrictions on locations (i.e. not being able to transfers to some country)? For example, I'm located in Europe, Romania.
is it mandatory to have an USD account?
are there better ways to maximize profit?

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@Holmes449

@Holmes449

I'm in the UK and get money deposited directly into my bank by EFT. It's infinitely preferable to getting paid by cheque/check because there are no hefty currency conversion charges levied by the bank.

Amazon will deduct 30% in tax from your royalties unless you provide them with a Form W-8BEN - Certificate of Foreign Status of Beneficial Owner for United
States Tax Withholding and Reporting (Individuals)
They'll guide you through obtaining this document but look it up online also. Delays will cost you - they still owe me over ,000.

You don't need a USD account normally - certainly not in my country (UK)

If you have a website you can get up to 9% extra payments from Amazon (4% is more likely) by setting up as an Amazon Affiliate and using affiliate links for your books. I use a link shortening service to make these links more type friendly. Smarturl.it works well for Amazon links. Books2Read.com is also good and will make links that automatically select the right retailer even if you publish at sites other than Amazon.

Don't forget that writing the book is easy. Editing and publishing is harder but the most difficult of all tasks is book promotion. This last task makes the difference between success or not.

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