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Publishing to amazon an ebook question?


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#1 noatom   Members   -  Reputation: 785

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Posted 27 March 2013 - 10:58 AM

 
So I want to publish a book for the kindle,and I don't quite understand the payment options.All I want is that the money get sent to my credit card,but I can't select anything else than Check or EFT,EFT asks for bank account,should I use the Check option?


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#2 frob   Moderators   -  Reputation: 22222

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Posted 27 March 2013 - 12:17 PM

I'm not entirely sure why you would ask that sort of question.  Seems like basic financial literacy.

 

Credit cards don't work that way.

 

Credit cards are designed to be one-way devices; they transfer funds from a line of credit to a merchant's account using an intermediary.

 

It looks like you have two options for their payments:

1) They can send you a paper check; you deposit that check somewhere and it causes an EFT. 

2) They can deposit it directly with an EFT.

 

A paper check has extra risks.  The paper can be lost, stolen, or damaged.  Paper checks can be forged or tampered with.  A paper check has extra costs, it needs to be handled, mailed, then handled again, costing both time and money.

 

 

Is there some reason you can't do a traditional EFT?  I know that some places of the world distrust banks or have high bank fees, does that apply in your case?


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#3 Stormynature   Crossbones+   -  Reputation: 3388

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Posted 27 March 2013 - 12:20 PM

Only reason I can think of his wanting to use a credit card is that it is in actuallity a hybrid card i.e. Savings/credit facility (which counts as a bank account) otherwise as per Frob comments regarding credit cards.


Edited by Stormynature, 27 March 2013 - 12:21 PM.





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