Hi Guys! I just started a couple weeks ago on KDP select. Can someone please explain in simple terms how we get paid and how it truly works? For the life of me, I just don't get it. I'd really appreciate the help! My sales have been shotty for months, but my borrowing has been pretty good since I started KDP Select.
Just as you do with regular sales, you'll be paid approximately sixty days after the month in which you earned the money. Sales for August will be paid at the end of October.
The borrows through KOLL and now KU are dumped into a combined pot. Amazon sets aside a specific dollar amount for the pot each month. At the end of the month, they split that pot in equal amounts for each borrow. If the pot is $2m, and there are a total of 2 million borrows, then we earn $1 for each borrow. If the pot is $2m, and there are a total of 1 million borrows, then we earn $2 for each borrow. It changes from month to month, depending on the total number of borrows for that month.
The amount earned for each month shows up on the "previous month" report that comes out around the fifteenth of each month.