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EFT Payment Threshold Removal FAQ
Listed below are frequently asked questions about our upcoming removal of the minimum payment threshold for EFT payments.
Why are you removing the Electronic Funds Transfer (EFT) payment threshold?
Will the threshold for EFT be removed in all marketplaces?
Are you also removing the payment threshold for check payments?
Is this change for all publishers? Why hasn't it been announced on the website?
When do these changes take effect?
How will this change affect my royalty payments?
Where can I see the list of the current payment thresholds?
1-1. Why are you removing the Electronic Funds Transfer (EFT) payment threshold?
Removing the EFT payment threshold allows you to receive your royalty payments on a monthly basis instead of having to wait for your earning to accrue until the payment threshold is met. Now you can be paid for earnings in each marketplace via EFT, no matter the amount.
1-2. Will the threshold for EFT be removed in all marketplaces?
The EFT payment threshold will not be removed for royalties earned in the Amazon.com.br marketplace. There are unique tax withholding requirements in Brazil which impact our payments process for non-Brazilian publishers. For this reason the payment threshold remains unchanged as R$20 for Brazilian publishers and $100/£100/€100 for non-Brazilian publishers.
1-3. Are you also removing the payment threshold for check payments?
No, the minimum payment threshold for check payments will remain the same. Check payments still carry extra costs such as printing or sending a check. The check threshold ensures there are sufficient funds available to cover any fees required to process the payment.
1-4. Is this change for all publishers? Why hasn't it been announced on the website?
We selected and contacted a small sample of publishers receiving payment via EFT as a part of a beta launch. Once the EFT payment threshold has been released, we will announce the change to all Kindle Direct publishers.
1-5. When do these changes take effect?
We hope to roll out these changes mid-December 2013 and are reviewing all technical requirements in order to provide a more specific update to publishers. You should see these changes before year end 2013.
1-6. How will this change affect my royalty payments?
Once the payment threshold for EFT is removed, any earnings below threshold in each marketplace will paid out to you. Future royalty earnings will then be paid 60 days after the end of the month in which royalties are earned. Royalties earned in the amazon.com.br marketplace will be paid via EFT once the stated threshold amounts are met.
1-7. Where can I see the list of the current payment thresholds?
You can view current payment threshold information by payment method and currency by visiting this page: Payment Thresholds