Thread: Royalties payments for each ebook-selling site
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Old 10-01-2010, 08:39 AM   #22
Just4kix
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Quote:
Originally Posted by neilmarr View Post
Don't confuse 'royalties' with retail commissions, James. Much depends on your geographical position. Without an 'official' US presence, the big new online ebook stores won't touch you (unless you jump through hoops). Smashwords is an option, but if you're not US, prepare yourself for 30% retained tax-at-source on each sale, minus Smashwords' own 18% and individual retail commissions. Neil (whose wee publishing house just spent a small fortune in legal fees, etc on US registration so that we can deal direct with the US stores and upload our own, perfectly prepared, ebook versions) Neil

Hi Neil,
Have Amazon explained what they do with the tax they take off for non US residents? We end up earning cents instead of dollars.
And do you know why an e-book priced at $0.99 in the US is $2.99 elsewhere in the world? I believe it is something to do with wireless connectivity, but that's a huge difference, especially when you take the exchange rate into account.
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