It’s been a long time coming. Authors in the UK and EU have long struggled with a better payment option from US based Amazon.com, typically the largest seller of their ebooks. In the past it was done with US checks that often needed gross amounts deducted by local banks to convert to local currency. This hasn’t been a problem for US authors, as EFT’s (electronic funds transfer) are the common method of payment resulting in direct bank deposits. Now authors in the UK and EU can get that too.
KDP updates royalty payment options for UK and EU
We are pleased to announce Kindle Direct Publishing (KDP) has new payment options available. You can update your account starting today for royalty payments to be made in April, 2013. Your account preferences can be set to receive royalty payments electronically across all marketplaces in British pounds or Euros. In order to be paid by Direct Deposit, your bank account will need to be located in the United Kingdom or in Europe.
For more information, https://kdp.amazon.com/self-publishing/help.
A happy day for Indies and readers 🙂