Quote:
Originally Posted by Giggleton
The solution here is for Amazon to become a bank, as well as a publisher, maybe it already has. Amazon does currently give a 35% cut of sales to authors for $0.99 booksales, maybe 33 cents goes to credit card companies, 33 cents to Amazon, and 33 cents to Authors.
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Amazon Payments handles all those bank details for a seller. For items under $10, the credit card fee is five cents plus 5 percent. Those are terms available for a seller of any product, not specifically books, so I'm pretty sure they've negotiated substantial discounts with various commercial banks.