We’re proud to say that with Inkitt’s Reader Royalty Program, we have found a way for authors to make a living by doing what they love. Our royalty program is the first step for authors to regularly get paid for writing, reach a new audience and get personalized writing advice. Here you can find all frequently asked questions by members of the program related to their reader royalty earnings.
If you are not already a member of the Inkitt Reader Royalty Program and would like to check your eligibility to join, you can contact us via this form: https://lauren605.typeform.com/to/Bi36bImH
How does Inkitt calculate my royalty earnings?
Inkitt tracks how many readers read your stories each day. The amount you earn depends on your total number of daily new readers at the end of each month. We consider a reader someone who reads approximately 2 chapters of your book!
We currently invest $4000 into the Reader Royalties Program fund each month. This amount gets distributed between authors based on their readership performance. The percentage of the $4000 that you receive will depend on your total number of daily readers at the end of that month.
Think of the royalty fund as a pizza 🍕 and readers as tickets 🎟️ The more tickets you have, the larger the slice of pizza you can take! But, if you only have one or two tickets, your slice of pizza will be smaller.
When am I paid?
The Inkitt Reader Royalty Payment cycle is calculated at the end of each month, and paid bi-monthly. As long as you’ve provided us with the relevant payment information asked of you and reached the $10* payment threshold, you will get paid. We’ll issue a payment between the 10th and the 14th of every 3rd month. An example of a payment schedule looks as follows:
January and February readership → Paid in March
March and April readership → Paid in May
May and June → Paid in July
July and August → Paid in September
For authors who are paid via Transferwise please allow 5-7 days to receive the funds in your bank account once you have received the payment email and initiated the transfer. Direct bank transfers can also take up to 5 days to arrive in your bank account.
What information of mine does Inkitt need to pay me?
All authors must provide us with the following information in order to be paid:
- full name
- full address (including postal code)
- an email address they check often
If authors do not provide Inkitt with their full name and full address, we unfortunately cannot pay them. This information is needed for invoicing, and Inkitt is required by law to create invoices for all authors we pay.
If an author lives in:
- the European Union
- the USA
- the UK
- the Philippines
- New Zealand
- South Africa
Inkitt will pay you via Transferwise and we require no further information from the author.
If an author lives in:
- The Seychelles
- The West Indies
- The Sultanate of Oman
Inkitt will pay these authors via PayPal, where possible or direct bank transfer.
If the author can use PayPal, Inkitt will require an email address associated with the PayPal account.
If a regular bank transfer is required Inkitt will need the following information:
- your bank name
- you bank branch address
- your bank account number
- your local bank details (not international numbers)
If your country is not listed above, your author success managers on the Inkitt Reader Royalty Program will be able to advise the most suitable method of payment for you.
*Please note for authors who cannot receive Transferwise or PayPal payments due to their location, your payment threshold may rise. You will be informed when you join the program of your individual threshold where necessary.
Is an alternative form of payment available?
Currently Inkitt only offers payments using the methods listed above. We’ll let you know if a new form of payment becomes available for your country.
Do I need to create a Transferwise account before I can join the program?
No. There is no need to create a Transferwise account until you are sent your first payment. Transferwise will notify you of incoming funds and at this stage you can sign up and create your account via the secure link in the email.
I missed the Transferwise collection window to collect my payment, what do I do?
When Inkitt makes a payment to you via Transferwise, you’ll receive a notification email. You must collect your payment from Transferwise as soon as possible. You can do this by logging in to your Transferwise account and initiating the transfer to your bank account. Transferwise has a payment collection window of 7-10 days. If payments are not collected in this time frame, the payment will expire and be sent back to Inkitt. If this is the case, don’t worry, we’ll resend it in the next payment cycle along with your current months’ earnings.
Can I get paid early?
No, we aren't able to issue payments outside of our payment schedule for any reason.
How can I check my earnings?
Payments for each total reader count will vary month by month, they are flexible depending on your readership performance. Inkitt collects reader data from the 1st day of the month until the last, and divides the royalty fund between authors depending on their readship. Since this is the case, Inkitt can only tell you how much you earned in the previous month and not the current month. For example; payment for bringing 2000 readers in January may differ from the payment for bringing 2000 readers in February. As an estimate, aiming for xxx readers would ensure you reach the payment threshold.
Why didn't I get paid this payment cycle?
Our payment threshold is currently $10. This is to avoid unnecessary fees incurred to Inkitt, and to authors. If you have not reached this threshold amount, you will not receive a payment. Don’t worry, we’ll hold your earnings until you reach $10 and pay you in the following payment cycle.
Am I paid in USD or my local currency?
For authors who can be paid via Transferwise and bank transfer, you’ll receive your earnings in your local currency. Authors who are paid via PayPal will be paid in USD.
Can I donate my reader royalties to charity?
Right now, we don't offer the option to donate your reader royalty earnings directly to a charity. However, once you receive your payments you're free to use your earnings as you wish.