How to Withdraw Revenue Earned from Selling eBooks on KDP Amazon? “Learn how to withdraw revenue earned from selling ebooks on KDP Amazon, with a step-by-step guide on payment methods, thresholds, and tax considerations for authors.”
How to Withdraw Revenue Earned from Selling eBooks on KDP Amazon?
Withdrawing revenue earned from selling ebooks on Kindle Direct Publishing (KDP) is a straightforward process. KDP provides various payment options to authors based on their location and preferences. Here’s a step-by-step guide on ‘How to Withdraw Revenue Earned from Selling eBooks on KDP Amazon.’
- Log In to Your KDP Account:
Access your KDP account using your registered email address and password.
- Go to the “Reports” Tab:
Once you’re logged in, navigate to the “Reports” tab on your KDP dashboard. This tab provides an overview of your sales and earnings.
- Access the “Payments” Section:
Within the “Reports” tab, you’ll find a section called “Payments.” Click on this section to manage your payment settings.
- Set Up Payment Information:
Before you can withdraw your earnings, you need to set up your payment information if you haven’t already done so. Click on the “Add/update payment method” link to provide your payment details. KDP offers different payment methods based on your location:
- Electronic Funds Transfer (EFT): This method allows KDP to transfer your earnings directly to your bank account. You’ll need to provide your bank’s name, account number, and routing number (or IBAN/SWIFT code for international transfers).
- Check (Cheque): If you prefer to receive payments by check, you can enter your mailing address. Keep in mind that check payments may take longer to process and arrive.
- Set Minimum Payment Threshold:
You can also set a minimum payment threshold, which is the amount of earnings you want to accumulate before a payment is triggered. KDP offers different threshold options, and you can select the one that suits you best.
- View Earnings and Payment History:
In the “Payments” section, you can view your current earnings balance, recent payments, and transaction history. This gives you an overview of your financial activity on the platform.
- Request a Payment:
Once you’ve accumulated earnings beyond your chosen minimum payment threshold, you can request a payment. Click the “Request payment” button to initiate the process.
- Confirm and Review Payment:
Before finalizing the payment request, review the payment details to ensure accuracy. Make sure your payment method information is up to date.
- Payment Processing:
After you confirm the payment request, KDP will process the payment based on the payment method you’ve chosen. Processing times may vary depending on the method and your location.
- Monitor Your Bank Account:
If you’ve selected EFT as your payment method, monitor your bank account for the incoming payment. KDP will send you an email notification when the payment is processed.
Keep in mind that KDP has specific payment schedules, and payments are typically made within the month following the one in which your earnings exceed the minimum payment threshold.
Remember to keep your payment information updated to ensure a smooth withdrawal process. If you encounter any issues or have questions about your earnings, you can contact KDP’s customer support for assistance. 0 0 0.
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