How to receive your ebook royalty from Amazon as a Nigerian. This is a hot topic among authors in Nigeria who want to sell their ebooks on Amazon.
Selling ebooks on Amazon and receiving book royalties in Nigeria have been a pain in the neck of Nigeria authors. This post will greatly help you.
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How to receive your ebook royalty from Amazon as a Nigerian: Question answered
Amazon does not pay directly into a Nigerian bank account. They pay directly into a US bank account and accounts in some other countries in Europe. Now Amazon has the option of paying authors in Nigeria by check. But you have to reach a threshold of $100, £100, or €100.
The annoying part of this is that Amazon will not convert the royalties into one single currency so that it can quickly reach the threshold. You have to reach the threshold individually before you can get paid! To me, that’s annoying! It will take many years to reach these thresholds for some authors who only sell one, two, three ebooks or something close per month. That’s terribly annoying if you ask me!!!
How to receive your ebook royalty from Amazon as a Nigerian?: Our first option
Some years ago, in our organization, we decided to ask a CLOSE business partner in America to help us out. We began to use his American bank account to receive our royalties. Amazon does not wait for any threshold before they pay into a US bank account. So we really enjoyed this strategy.
Our business partner received the money and send it to us in naira in Nigeria. But, our friend relocated and we had to look for other means. Now, you need to check out the option we settled with below to receive our royalties from Amazon as Nigerian: author and publisher.
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Payoneer became our second and present option to receive royalties from Amazon as a Nigerian
We began to use Payoneer. Payoneer gives you the US, UK bank account after your successful registration. Amazon pays monthly into your pàyoneer account. You have two options to collect your money from pàyoneer.
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Two options to collect your money from Payoneer
- Through a specially issued pàyoneer MasterCard to you from pàyoneer. You will be able to use this card to withdraw your money from any Nigerian bank ATM with the Mastercard logo. We were using GTB (we have a lot of bank ATMs with the Mastercard logo).
- You have another option of withdrawing your money directly into your Nigerian bank account when it reaches a threshold of $50 and above in pàyoneer. This is the option we presently use in our organization.
I believe I have been able to do justice to this question. If you have any other questions, you can write them in the comment section so that we can treat them in another blog post. Please share this post with your friends on social media.
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