More Amazon news….
Originally posted on paidContent:
Amazon Publishing said in a letter to literary agents Monday that it will start paying its authors royalties on a monthly basis, up from every three months.
“In this digital age, we don’t see why authors should have to wait six months to be paid,” Amazon’s VP of publishing Jeff Belle wrote in the letter. “Beginning with our March payment cycle, we will move to paying our authors on a monthly basis. More specifically: each month’s royalties will be released within 60 days of the end of that month, every month. For example, royalties for sales in January will be released by March 31, royalties for sales in February will be released by April 30, etc.”
Most publishing houses pay royalties twice a year. Authors who self-publish through Amazon’s KDP and Createspace lready receive monthly royalties.