Amazon Lifts Payment Threshold Amount For EFT Users

If you currently publish on the Amazon ecosystem (as I fondly call it) and you use Electronic Funds Transfers (EFTs) to receive your royalties, then you probably have noticed that you’re seeing money deposited in your bank account on a more frequent basis. To which I say…YIPPEEE! I’m ecstatic, but some authors – not so much. This is because depending on the market your selling in and/or what you’ve asked for, Amazon may pay you via EFT, Wire Transfer or check.

Wire transfers a.k.a. bank wires typically cost the sender money($10USD or more), yet sometimes the receiver’s bank will charge them a fee for receiving a bank wire as well. WHY? Well that’s a question for your bank, but they typically charge and that’s when this threshhold lift thing gets tricky. (At least that’s what I’ve heard.)

I only get EFT payments from Amazon and I’m never charged a fee from my bank, so it works well for me. But some markets (foreign markets) may charge you for transferring funds, so you may want to check your KDP and CreateSpace account settings to see how each market is paying you. It may not be cost effective for you to receive your foreign income on a regular basis electronically if your bank charges you for each deposit.

That’s why I’ve set the main site ( as well as the Japanese site to pay me via EFT, but most of my foreign markets are set to pay me by “check” only. So I’ll have to wait to hit the threshold in those markets before I get paid, which is fine by me.

KDP payment options


The moral of this story – check your settings:)


Amazon’s Kindle Cover Creator

There may be another indicator that independent writing and publishing is on the rise and profitable. Amazon has a new Kindle Cover Creator tool in Beta testing for those using Kindle Direct Publishing (KDP). When I say that adding this feature proves that indie publishing is profitable, it’s because I believe Amazon wouldn’t bother with the cost of creating and adding this feature if they didn’t know that it meant increased sales for them.

While the covers that you can create with this generator are average at best, some of them are still pretty decent looking versus some of the crap that I’ve seen slapped up on Amazon. While a little clunky to use at first, I think that it may be easier to get the hang of after playing around with it several times. Since this tool is in beta and is not available to all KDP users, you still have a shot of creating a cover that your competitors don’t have yet. Of course as the tool catches on, you may want to abandon it after that or perhaps Amazon will be diligent about uploading new templates on a regular basis.

Of course the best thing of all about this new tool is that it’s free! Here are some of the covers that you can currently create using the tool.

kindle cover creator

Source: The Digital Reader

Kindle Cover Creating Resources

Here’s where you can learn more about the new tool:

Here’s another illustration-based cover generator tool I uncovered which is very niche-y but you might like it for a particular book:

You can always search for someone who will create a Kindle cover for you on Fiverr. Of course you need to keep in mind that you have to search through people’s portfolios and understand that you may be getting what you pay for. A simple $5 cover.

Ninja Tip: Remember if you are making your cover image yourself that Amazon as well as the other big e-retailers (Barnes and Noble, Smashwords) recommend that you use a BIG image due to the higher resolution on computers and digital devices. For example, Amazon recommends that ebook cover images are 2,500 pixels tall, with the height 1.6 times greater than the width. So keep that in mind when making your own images.