Authors are paid 45 days after the end of each monthly period, provided they have met a minimum threshold of CAD $50.
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How do I get paid?
Kobo offers a standard Independent Publisher Program contract through Kobo Writing Life. You can receive payments from Kobo via EFT (Electronic Fund Transfer) directly in to your bank account.
Sales from your ebooks and audiobooks in all countries are amalgamated to reach our payment threshold. This includes your earnings made through regular à la carte sales, Kobo Plus minutes, library sales, and sales made through our global distribution partners.
When to expect your royalties
Here's how our payment schedule works:
- Payment Threshold: Payment are made 45 days after the end of each monthly sales period, but only once your sales have met a threshold of CAD $50.
- Carry-Over Sales: If your content hasn't generated the minimum CAD $50 threshold, those sales will simply be carried over to the next month until the threshold is met.
- Payment Date: If you've hit the payment threshold, your payment will be sent out on the 15th of the month.
- Deposit Time: Please note that it can take 5-7 business days for payments to deposit into your account, depending on your bank.
For example, let’s say you earned more than CAD $50 in royalties from January 1st to January 31st. As a result, you’ve met the payment threshold during this royalty period! You will be paid those royalties 45 days after the end of January. Your payment date would be March 15th, although it may take an additional 5-7 business days for your bank to deposit the payment into your account.
Please refer to the official monthly sales reports on the "Payment Information" section of your KWL author portal for an itemized list of your sales.
Supported currencies
We support payments in the following currencies: USD, CAD, GBP, EUR, JPY, AUD, NZD, and HKD. If your local currency isn't on this list, you will be paid in USD.
To receive payments from us you will need to have a bank account in one of these currencies. Here is a list of banks that we support: www.theswiftcodes.com.
Need help?
If you need help with a missing or rejected payment, please see the following articles: