How to create a US bank account to get royalties from Amazon KDP?
Do you have a US/EU bank account and want to receive monthly royalty payments from Amazon Kindle Direct Publishing (KDP)? Suppose you can only have bank accounts in non-US/non-EU countries. In that particular case, you may be wondering how to receive monthly payments from Amazon profits via Electronic Money Transfers instead of waiting for the full duration of having crossed the minimum payment thresholds and receiving a regular bank verification (or cheque) via postal mail.
As an ebook writer or author, you are aware that the KDP (Kindle Direct Publishing) platform, instead of another ebook launchpad including Google PlayStore, Apple iBooks, Kobo, and so on, can provide you with greater sales and a larger income.
Even if you are a US citizen, you are in luck since your royalties can be directly transferred into your bank account in the United States, or you can get payment from KDP via Payoneer. If you are not from the United States, the KDP platform will only transfer the royalties you got from Amazon.com and Amazon markets in your country. You don’t have to wait till the required minimum limit is reached. Once your royalty is due, it will be promptly transferred to your bank account.
Account on Payoneer
Payoneer is a money transfer corporation that offers businesses and people electronic cash transfers, e-payment operations, cross-border bank transfers, and visa debit services. Payoneer account customers can receive funds using a Mastercard, debit card or into the local bank account.
Sign Up for KDP and Get Paid Using Payoneer
You must first go to the Payoneer webpage and fill through the basic information such as names, email account, date of birth, and residential address, and then choose one of the identity proofs options such as a government-issued ID card, a driver’s license, or a visa and provide the ID data. Once you are done with all of this, you are ready to have your account that will help in getting payments from Amazon KDB.
Try TransferWise Account
TransferWise makes opening a virtual bank account far too quickly and straightforward. Simply click the registration and login details, fill out the required information, and submit a copy of your identification (such as a passport). In a matter of seconds, your registration will be approved. You will be ready to receive payments from the Amazon KDB sales directly into your TransferWise account.
Simply navigate to the Balance tab on the TransferWise dashboard’s left panel to check the balance. You will find links to open virtual bank accounts here. You can select currencies and create separate TransferWise accounts for each currency type. You can get numerous unique account numbers with just a few clicks.
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