Self-publishing is when an author pays for everything associated with publishing their book- getting it out there without a traditional publisher’s help. As a self-publisher you are in charge of every stage and you make a much larger portion of the royalties. Which is generally 30–70% in royalties per sale. But many people who have fallen on difficult times might think that because they have lost everything, including the checking account with the bank they were associated with, they aren’t even able to publish a book. That situation would prevent you from publishing with Kindle Direct Publishing (KDP)- which only offers direct deposit, wire transfer, and check as payment methods. But that is not your only option if you are ready to make money with your new book. It is possible to publish your book and receive your royalties from the copies sold. You can publish without a bank account, and here’s how.
First, if you do not already have a PayPal account, go to PayPal.com and create an account. Then, once you have completed your book- had it edited, formatted, and created a book cover, go to IngramSpark.com and create an account. IngramSpark is the largest global book distributor, including distribution to Amazon. It is one of the most affordable self-publishing platforms for both printed and digital books. You get your royalties, per copies sold, of 60% for ebooks or 45% for print books. And you can receive your payments from IngramSpark through PayPal.
When setting up your IngramSpark account, you can link your PayPal account to receive your book sales earnings directly to your PayPal balance. These are the steps to set up PayPal as your royalty payment method:
- Login to IngramSpark: Go into your IngramSpark account using your login information.
- Navigate to Account Settings: Go to the “Account Settings” section.
- Select Payment Information: Go to the “Payment Information” option within your account settings.
- Choose PayPal: Select “PayPal” as your payment method.
- Link your PayPal account: You may be prompted to enter your PayPal login details to connect your account.
Alternatively, if you already have your IngramSpark account and need to change your payment method you can login to your account at https://myaccount.ingramspark.com and click in the top right corner where your company name and account number are. Then hit Publisher Compensation and select switch to PayPal, it will receive royalties for you.
While you are in your IngramSpark account make sure your account information like contact name, email address, ship-to address, return address, and mailing address for compensation is all up to date and correct. You must also update your tax information.
How To Withdraw Money From PayPal Without Bank Account
In order to get paid by this alternative means it is important that you have a trusted mailing address. But if you do not the helpful list below will show you the other options to get your money.
- Request a check. You can request a check to be mailed to your address.
- Get a PayPal Debit Card. The PayPal Debit Card is a Mastercard that allows you to withdraw money from your PayPal balance at any ATM
- Link a digital wallet.
If you are someone just starting out- perhaps just out of school, or like many people who have fallen on difficult times this may have been a an informative article for you. Some are not aware that they can publish a book with no checking account in their name. They may have mistakenly believed that they would never self-publish their book because Kindle Direct Publishing does not have an option for people like them. KDP has very firm rules around how they pay authors, and a bank is necessary with them. But now you know it is possible to self-publish your book with IngramSpark and get paid your royalties (publisher compensation) for your book sales through your PayPal account.
