Royalty Payments

Up until early 2019 Tellwell paid out royalties quarterly, then in early 2019 Tellwell switched to paying out royalties monthly. We pay out royalties 45 days after the month in which we receive royalty payments from each distribution channel. Each distribution channel pays out royalties on its own timeline. Below is a summary:

  • INGRAM pays out royalties in the 3rd month after the month in which the sale occurs and Tellwell pays authors 45 days later (e.g. January 2019 sales are paid to Tellwell at the end of April 2019 and Tellwell pays authors mid-June)
  • Kindle, Kobo, and other ebook channels pay out Royalties in the 2nd month after the month of sale; Tellwell issues royalty cheques 45 days later (e.g. January 2019 sales are paid to Tellwell in March and Tellwell pays Authors in mid-May)

Transition from Quarterly to Monthly Royalty Payments

Even though Tellwell’s terms and conditions said that we pay out royalties 45 days after the month in which we receive the payments from our distribution partners, Tellwell has in fact been paying out royalties earlier than we are supposed to. We have been paying out royalties 45 days after theĀ month of saleĀ rather than the month we receive payment. For example, we paid out royalties for November and December 2018 sales via Ingram mid-February 2019 even though we don’t receive payment until the end of February 2019 and March 2019 respectively for those sales.

As the number of Tellwell authors increases, and because we pay 85%-100% of net royalties to authors, this is an increasingly large amount of money and it is not viable for us to continue paying out royalties in advance. We have discontinued this practice effective February 2019. Tellwell is transitioning from quarterly to monthly payouts. Below is a summary of when you will be paid for royalties during the transition and going forward with monthly payouts.

Feb. 15th 2019 Royalty Payout: covers Oct 2018 – Dec 2018 sales from all sales channels

May 15th 2019 Royalty Payout: covers January sales for KDP, Kobo, Smashwords.

Jun. 15th 2019 Royalty Payout: Covers February sales for KDP/Kindle, Kobo, Smashwords; and January sales for Ingram

Jul. 15th 2019 Royalty Payout: Covers March sales for KDP/Kindle, Kobo, Smashwords; and Feb. sales for Ingram

Tellwell has a minimum payout threshold of $100 by cheque. In the future when we have automatic deposits setup, we anticipate lowering this threshold.

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