Receive payment from Amazon KDP with Wise in Australia.

If you’ve sold books on the KDP platform and the time has come to receive payment, having an account that can receive money in different currencies can come in handy.

In this article, we’ll look through the payment options Amazon KDP provides, how they all work and introduce a hassle-free option in the Wise Account which can enable you to receive payments like a local, even if you are based in Australia or overseas. Let’s jump right in.

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Business account

What is Kindle Direct Publishing — KDP

Kindle Direct Publishing — also known as KDP — is an Amazon service which enables anyone to self-publish digital books (ebooks), hardcover books or paperbacks for free. As a self-published book, you get to keep all the rights to your book and gain access to Amazon’s large selling platform.¹

Can Australians Publish books on KDP?

Yes, Australians can set up KDP accounts, publish and sell their books on the platform internationally.

Amazon KDP payout methods

Amazon KDP offers a host of payout possibilities. Here they are below. The full list based on your country can be found here:²

1. Check/Cheque

Payment via check/cheque can be made to the address you’ve entered in the Publisher information section of your KDP profile. Available for Australia.

2. Direct deposit or electronic funds transfer (EFT) to bank accounts

This is a payment option that transfers your money directly into your account and it is recommended by Amazon. Available for Australia only for sales on Amazon.com.au

Amazon states that you should confirm your local bank can receive international transfers.

3. Wire transfer

Wire transfers can be sent to a list of countries. Amazon claims that these transfers may be subject to fees associated with receiving wire payments or foreign exchange rates.

Can Wise account details be used to receive payments from Amazon KDP?

Yes, you can use your Wise USD details to receive payments into your Wise account. You’ll have to choose direct deposits (ACH) to receive the USD payments for free as Wise charges a flat fee of $4.14 USD fee for USD wire transfers.

Note: If you’re not a US resident, Amazon may ask for tax verification. Sign the document stating that you're a non-US citizen and not a taxpayer there. Your payments and new product postings will stay pending until you sign it and send it back to Amazon.

What account details does Wise offer

Now that we know how payment works on Amazon KDP, let’s see how a Wise Account can help you get around the hassle of opening a bank account in the US or receiving less than you earn with an international payment to your Australian bank account.

With a Wise Business account, you can order local account details in 10 world currencies including USD. These local USD account details work just like any regular account number in the US. Wise provided USD account details come with:

• account name — your name as it appears on your Wise account
• account number
• routing number(s)
• SWIFT code — for international payments from countries other than the US
• local US address — if your payer needs to include an address, use: Wise, 30 W. 26th Street, Sixth Floor, New York, NY, 10010, United States.

Here’s our guide on how to get local account details and what you can do with your USD account details.

How to add your Wise account details to Amazon KDP

To add your Wise USD account details to your Amazon KDPaccount, you can sign in to your account and follow these steps:³

1. Click Your Account in the top right corner of your screen
2. In the Getting Paid section, enter your bank’s location. For Wise, select the United States
3. In the Account holder name box, enter your name as it appears on your bank account
4. Choose the type of account: Checking or Savings. For Wise accounts, select Checking
5. Enter your Wise Account number and verify in the second box
6. Enter the Routing number. This nine-digit code appears as the first set of numbers on the bottom of your checks. Your bank can also provide this number to you
7. Click Add then click Save at the bottom of the page

What are the payout frequency of Amazon KDP

Amazon claims:

“Royalties are paid every month, approximately 60 days after the end of the month in which the sale was reported (90 days for Expanded Distribution) as long as you meet the minimum threshold for payment.”

When do you receive payments from Amazon KDP

• Check/Cheque - It can take up to 30 days for the check to reach the address in your KDP account once sent
• Wire payments - These payments can take 5–10 days
• Direct deposit - These payments can take 1–5 business days. This is the option if you are receiving USD payments from Amazon into your Wise Account

How to get your payment from Wise once received

Once you receive money into your Wise Account, you can either spend it using a Wise Debit card which you can order for your account or transfer it locally in your local currency to your bank account.

Wrapping up

The Wise Account can turn a real head-scratcher (getting local account details in the USA) into an easy online process. You can use the business version to keep your business income separate from your personal finances.

The Wise Business account lets you make international transfers in over 40 currencies to 160+ countries. Each transfer has a small upfront fee and is made using the transparent mid-market rate as you’d see on Google.

You also get local account details in 10 major currencies, including USD, EUR, GBP, NZD and AUD. With these, you can receive payments like a local in those regions where these currencies are based.

Find out if Wise can help your business save money and accept international payments like a local.

Register for a Wise business account
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