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Kindle Publishing for Aussies and Kiwis?

by marciayudkin
6 replies
In Kindle's FAQ, it states that Amazon pays by direct deposit to a US, UK or EU bank account or that it will send a check in US dollars.

So what are the best options for someone who wants to hop on board the Kindle train who is from Australia or New Zealand? If you're from either of those countries and have published on Kindle, you get extra karma points for your reply.

Thanks,
Marcia Yudkin
#aussies #australia #getting paid #kindle #kiwis #n.z. #payment #publishing
  • Profile picture of the author colinph970
    Hey Marcia.....I'm in UK but Amazon only pays directly into bank account in £ for sales on Amazon.co.uk. Sales on Amazon.com are paid by cheque in $US. I suspect that this set up will be similar for you.
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    • Profile picture of the author marciayudkin
      Colin,

      Thank you - I am American. I'm actually asking on behalf of two clients, one in Australia and one in NZ.

      Marcia Yudkin
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  • Profile picture of the author JamieSEO
    Originally Posted by marciayudkin View Post

    In Kindle's FAQ, it states that Amazon pays by direct deposit to a US, UK or EU bank account or that it will send a check in US dollars.

    So what are the best options for someone who wants to hop on board the Kindle train who is from Australia or New Zealand? If you're from either of those countries and have published on Kindle, you get extra karma points for your reply.

    Thanks,
    Marcia Yudkin
    Hey Marcia

    I am Australian and am firmly embedded in the Kindle train

    For the past few years I have been publishing myself, and last year also began helping others from the US/UK/NZ/AU to get published on Kindle.

    Amazon Kindle will only issue a check in US dollars to an Australian.

    This means that when cashing the check the Aussie has to have it converted from USD to AUD which costs about a $10 fee, depending on which bank they use.


    Tip to Get an Extra 25% Royalties for Australian Authors Publishing Through Amazon or CreateSpace I am Australian and could not believe how much of a pain in a neck it was to figure out how to deal with the IRS in America when it comes to self publishing through US sites such as Amazon/CreateSpace/SmashWords.

    Print on Demand books through CreateSpace or Smashwords withhold 30% tax on your royalties unless you have a US tax ID.

    If you are an Australian, but do have a US tax ID you only have to pay 5%... so you end up with a whopping 25% more money from your royalties.

    In those cases because we do not have US tax ID's we need to get one.

    The process for getting a US Tax ID for an individual is a pain in the butt, however through trawling through a bazillion different US tax related forums and sites I was able to find a great way around it

    You can get an EIN (Employer Identification Number also known as a Federal Tax Identification Number) in your business name, or if you do not have a registered business name, in your own name.

     If you call the IRS on 267-941-1099 and ask for an EIN they can issue it over the phone. It takes about 10 minutes and you will need your Australian Tax File Number.


    I recommend using a service like Skype to make the call so you can do it cheaply.


     Once you have that you just fill out a W-8BEN form and send it to CreateSpace/Smashwords,etc


    Instructions about form: http://www.irs.gov/pub/irs-pdf/iw8ben.pdf

    Form: http://www.irs.gov/pub/irs-pdf/fw8ben.pdf


    The tax treaty between the US and Australia is Article 12

    This allows you to pay only 5% withholding tax on book royalties

    For the reason you are using the W-8BEN form you put "Australian author self publishing via US distributor    "

     You only need to get an EIN once
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    • Profile picture of the author kiwiyoda
      Hi Jamie,

      I live in New Zealand, what do I exactly need to do to gain an Amazon account and receive payment via check (my understanding is by check is my only option)

      It's the Tax ID I don't really understand

      Thank you
      mark
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  • Profile picture of the author Beverley Boorer
    Hi Marciayudkin, you can apply for a Payoneer debit card through
    Amazon and set up a US bank account for it (through amazon too.) this allows you to load your debit card and use the money in Australia - and I suppose, other countries too. and you don't have to wait for the check
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    • Profile picture of the author David Payoneer
      Originally Posted by Beverley Boorer View Post

      Hi Marciayudkin, you can apply for a Payoneer debit card through
      Amazon and set up a US bank account for it (through amazon too.) this allows you to load your debit card and use the money in Australia - and I suppose, other countries too. and you don't have to wait for the check
      Thanks for mentioned us.

      @Marciayudkin, they can sign up for the Payoneer card and our US Payment Service to receive money from Amazon.

      If you would like you can have your friends contact me for more information.
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      ICQ: 620433289
      Ask me about becoming a Payoneer partner
      Sign up for Payoneer and the US Payment Service here
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