5 Replies Latest reply on Mar 9, 2012 1:41 PM by ElyseC

    Why do they need a credit card and bank account information?

      Okay, I am thinking about using Pubit! to publish my books onto the Nook, and I have to wonder why do they ask for a credit card as well as your bank account? I can understand the bank account for direct deposit but the credit card? Why? This makes me not want to put my books onto the site.

        • Re: Why do they need a credit card and bank account information?
          Mrs-Smith

          They say its because if you happen to have more returns than you do sales, they have someplace to take the difference from.

           

          Hopes this helps :smileyhappy:

          Melissa

          • Re: Why do they need a credit card and bank account information?
            J_Peltonen

            Mrs_Smith is correct; it has to do with the possibility of returns outnumbering your sales.  If that's the only thing holding you back, I wouldn't worry about it.  B/N is a reputable company; I've been selling with them for over a year and have never had any problems.

            • Re: Why do they need a credit card and bank account information?

              In addition to what the two previous folks said, it should be obvious.

               

              If you want to buy something extra, a service, whatever, they have to have a place to bill you.

               

              If you want to get paid for your book they obviously must have a place to send your royalties. Royalties get paid for free to a direct deposit checking account, while they get something like an $8 charge for writing you a check.

               

              They are required by law to have your social security number so your royalties can be sent to the IRS, also....

               

              It's just common business practices.

               

              The Dukester
              http://www.duke-davis.com

              • Re: Why do they need a credit card and bank account information?

                 I haven't yet tried selling thru B&N but have been looking over the forum to get some idea of others experiences. What I'm curious about regarding CC's and bank account information is the comment that B&N wants a CC in the event returns are higher than sales.

                 

                Aren't we talking about eBooks on PubIt...generally considered non-returnable due to the nature of the product? I dodn't think you can return music files or other digital goods for the same obvious reasons. A customer can always download again from their online account, or be sent a replacement if there was a damaged file, but I thought there was typically a no-returns policy on eBooks?

                 

                Does B&N actually give a refund on a digital book? What reasons? Considering that a book can be read in-store and perhaps chapters read other places online, it isn't unreasonable unless there were some very dire or extenuating circumstances.

                 

                -C

                • Re: Why do they need a credit card and bank account information?

                  Thank you everyone for the help and clearing up the confusion; I understood the bank account to a point and I knew about them asking for SS but seriously on the credit card? It's all to ensure they get their money back if refunds are made? Sorry Barnes & Nobles Pubit! isn't going to work out for me. Thank you again everyone for the help.