I realize how payments work and I'm not happy about it. I'm actually considering holding my full length book back from being published on amazon because I won't see any money from sales until July at least.
Any job I've had even bottom of the barrel Mcdonald's has paid after two weeks of work. In that sense, a month of waiting is long, but we are having to wait even more than two months for money that is rightfully ours. Not to mention it has to be more than ten or 100 dollars if it's a check.
Also, since we are e-book writers, shouldn't we be earning more on royalties? How much work does it take for amazon to publish an e-book and keep track of our sales exactly? Is it worth more than half the money we recieve to almost a dollar or more each sale?
I'm considering these things and right now I'm thinking absolutely not. Amazon is like the middle man making too much for doing nothing. They should make less and we should make more than we do or get our money for OUR work in a timely manner. Or best case scenario, BOTH.
So excuse me as I consider rage quiting and taking my business elsewhere. lol.
Just some perspective: my book was originally traditionally published in South Africa by one of the biggest publishing houses. Traditional publishers (in SA at least) only paid twice a year. So I'm quite happy to receive money 60 days after sales have accrued. Yes, waiting for that first cheque seems to take AGES but once that first one arrives, another comes every month (provided you've reached the payment threshold)
I've still made way more money with KDP than I ever did with traditional publishing and while there might be several annoyances, I find them minor and am realistic about Amazon's ability to "please everybody all of the time"
In other words - it could be LOTS worse not that this helps your rage quitting impulse
As someone who has dealt with print book sales through book stores and distributors, I think Amazon is incredibly wonderful. It took me SEVEN MONTHS to collect $1200 from a major bookstore chain. And I had to invoice them multiple times. Distributors pay "from time to time," usually after I make threatening phone calls. (OK, that is not always true. But more often than I would like to recall.)
I have dealt with Amazon since 2000, and they have unfailingly sent a check or dropped money into my bank account as scheduled. Every month. No invoicing, no nagging, just money.
Traditional publishers (I've published many novels and nonfiction books with them over a good number of years) pay royalties twice a year, for periods ending June 30 and December 31. And even then, it takes them more than three months after those dates to get a check to you.
And standard royalties in traditional publishing are a graded 10, 12.5, and 15 percent of cover price for hardcovers, and 6, 8, and 10 percent on mass market paperbacks.
But you knew that, of course, and were simply having us all on.
I don't think he is. Clearly, there are different ways of being paid. I also dealt with traditional publishing houses. I was paid quarterly for the previous quarter's sales. Between 6-10% royalties rate is about right, but there's also the hold-back. Publishers keep a portion of your quarter's sales as insurance against possible returns made by the bookstore. So, you get even less.
To the OP: Publishing houses are not McDonald's. Amazon pays promptly, 60 days after each month's sales and without holding back Reserves Against Returns. This is a good deal, whether you choose to recognize it or not. By all means, don't publish here. But your expectations are unreasonable and unrealistic.
I write full-time, and here is the reality. Nook and other ebook sales about 5%. Paperback sales about 10%. Kindle sales account for the other 85% and higher some months. Don't get me wrong, some of the other ereaders out there are nice. Problem is nobody owns them. I can understand you saying the middle man is making too much. I also understand that when I turned down an offer from TOR books, I was going to be making .60 cents for every sale of a paperback(priced at $7.99). Now I am making $2.07 on every sale of a Kindle book priced at $2.99. You do the math. Amazon has opened the industry up and allows authors like myself to make a full-time income doing what I love to do.
Your royalties are so far off b/c it allows you 2 entire months to find money elsewhere in the case of your sales dropping hard. Just so you know. Enjoy!