Indie-author-land has been agog this week over Amazon’s latest changes to its payment system for borrowed books. In case you’ve been living under a rock (or don’t have any books in KDP Select), here’s what’s going down.
In the past, Amazon has paid authors on books borrowed from either of its lending programs, Kindle Unlimited and the Kindle Owners’ Lending Library, only when a reader reached a certain percentage of the book. The amount the author was paid varied from month to month, depending on the size of the global fund that Amazon designated for these payouts. In other words, you wouldn’t know what you were earning on your borrows in June until mid-July, when the Zon announced the per-book royalty it would pay authors for qualifying borrows. Continue reading “Kindle Unlimited’s New Wrinkle: Pay by Pages Read”