Thank you. Payhip looks really interesting since you seem to get 95% royalties from there after VAT etc has been paid. What are the options for authors to get paid? By bank account or just by paypal, and does the money dribble in after every book sale or arrive at intervals?
I think it's just Paypal but I could be wrong...you'd need to check.
What happens is I get an email "You sold an item!" from Payhip, and a payment from Paypal in the amount it sold for directly from the person who bought the item. Then I get an email "Your payment has been sent" from Paypal, the amount of Payhip's cut + whatever VAT fees the reader may have paid. These three emails all happens within seconds of each other. It's pretty automatic. (Don't forget Paypal also takes a few cents fee as well; there's no email about that.)
I don't know yet if that's going to be fiddling and difficult for tax purposes...I haven't received any tax documents yet for 2017 (from anyone) so I guess we'll see. I haven't made a TON from selling direct through Payhip, but for one release I forgot to upload there. It simply skipped my mind. I received polite emails from a couple of readers who asked when it would be available...some readers really do prefer that method.
For Amazon users, the advantage of shopping there for ebooks is that the book will appear automagically on the reader's Kindle. If you have a mobi option on Payhip, I'm guessing that's going to involve sideloading?
Yes. There's always been a subset of readers who prefer sideloading...or who learned to do it to make use of review copies, etc. I'm not saying it's a huge percentage but at least in romance, it's always been there.
Whether the rest of readers would be willing to adapt to early releases involving sideloading...that's an open question, really.
One thing I forgot to mention. You can give coupons for Payhip. That wouldn't have to affect your price anywhere else and you could encourage people to try it that way. Like 20% off for your mailing list, that kind of thing. (Seeing another author in my genre do that was the thing that finally made me willing to try Payhip. That, and the VAT thing. Theoretically you can earn as much as elsewhere while charging your readers less and not breaking any rules, either.)