eBookIt acts as the aggregator for several retailers, which means, the retailers pay us, and we pay our clients. The retailers take up to 210 days to pay us for books sold, with the average being 90 days from the time the book is sold to the time we get paid. For example, if a ebook sells on Amazon in January, we (eBookIt.com) will get paid for that ebook in April. Retailers such as Google pay sooner, and retailers such as Baker&Taylor pay much later.
At eBookIt.com, we pay our clients monthly. As a service to our clients, we cut the average wait time for payment down to an average of 60 days after the ebook has been sold, whether we have been paid by the resellers or not. For example,
ebook sold Jan 1 > You get paid March 15*
ebook sold Jan 31 > You get paid March 15*
ebook sold Feb 1 > You get paid April 15*
ebook sold Feb 28 > You get paid April 15*
For print on demand sold and audiobooks sold through Audible or one of their partners, payments are made quarterly for the previous quarter. For example, if an audiobook is sold through Amazon in January, it will be paid in April.
* Weekends, holidays, and delayed sales reports from the retailers might delay these payments by no more than a few days.
Bo Bennett, PhD
Social Scientist, Business Consultant
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