1 Reply Latest reply on Jan 17, 2013 8:54 AM by TSCerys

    I finally had a sale to the UK, but....

      According to 'Service Policies' on pricing:


      Publisher will be paid a royalty off the List Price in USD according to the following terms:

      1. For eBookNOOK Books with a List Price at or between $2.99/£1.50 and $9.99/£7.99
        • 65% of the List Price
      2. 2. For NOOK Books with a List Price at or below $2.98 /£1.49, or at or greater than $10.00/£8.00 (but not more than $199.99/£120.00 and not less than $0.99/£0.75)
        • 40% of the List Pice.

      My book is listed at £.75, and I am to receive a royalty of £.30, which (today) is $.54 - with me so far?


      It is telling me my royalty is actually $.30  - no skin off my nose, obviously, but a serious conversion error in B&N's favor, if I'm understanding it correctly, and if it's applied site-wide to GB sales.


      Can anyone corroborate this, or correct me? Thank you.

        • Re: I finally had a sale to the UK, but....

          They won't/shouldn't convert for you.  They'll let your bank do it(with whatever conversion fees, if your bank has them).  It's probably just a graphical error where a $ is showing instead of a £.  Whenever you make enough to get a payout, you'll be paid in £ and it'll go into your bank as $.


          Or I assume that's how it is, since it makes sense.  I don't think anyone's actually made enough through UK sales on PubIt! to have a payout from them yet, but they -should- be separate storefronts, like Amazon and others, because otherwise it's a huge accounting nightmare and a million people will complain(PubIt! users, and people that work at B&N).


          I wouldn't worry about it too much until the time comes to get paid for it.


          Also, I just double checked, and they don't actually even put a £ or $ at the bottom for the monetary amounts, so I doubly wouldn't worry about it.  They have them in the individual sales, for whatever reason, but yeah... probably just a mistake.  They shouldn't/wouldn't want to immediately convert £ to $ because if they did that individually for every sale it would become very expensive for them.