Greg's bite: eBook author payment issues
By Greg Mills
I got an inquiry this morning from an aspiring author who wondered what the threshold amounts are for Apple to cut her a check. That would seem to be an easy question to answer, but little is available either by Googling the key words or by checking the Apple web site.
All I found was this quote from the contract authors must approve to upload their eBooks. I pasted it into this article, and it seems to say that after Apple's cut is taken out and any taxes that might be due are removed the balance due the author is paid when the check is $150 or more.
From Apple's: EBOOK AGENCY/COMMISSIONAIRE DISTRIBUTION AGREEMENT, Section 5: Commission; Tax; and Reporting, paragraph (c) "After deducting Apple’s commission, and any taxes collected by Apple under Section 5(f) hereof, from eBook Proceeds, Apple shall either remit to Publisher, or issue a credit in Publisher’s favor, subject to Apple’s standard business practices, including minimum monthly remittance amount thresholds determined by Apple (e.g., $150), the remaining balance by electronic funds transfer (“EFT”) no later than forty-five (45) days following the close of the previous monthly sales period. ..."
If anyone reading this knows more please contact me at firstname.lastname@example.org so I can get the information out...