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Did LendInk provide financial benefit to any author? My understanding is that it only acted as a clearinghouse for one-time loans.
by j_s 14y ago
Did LendInk provide financial benefit to any author? My understanding is that it only acted as a clearinghouse for one-time loans.
- falcolas 14y agoNo, but Amazon did. Per one of the linked articles: "Just as with any other lend, the author gets her commission[...]" http://www.publetariat.com/think/congratulations-you-killed-lendink-and-denied-your-fellow-authors-their-lend-royalties http://www.publetariat.com/think/congratulations-you-killed-... So, yeah. By killing LendInk, they deprived authors of potential royalty income. EDIT: Per Amazon's terms and conditions, not linked from any of the articles, this isn't as clear cut. Some authors (members of the KDP program) can get money from lending out their books, but the 1x per purchase lend does not, as pointed out by j_s.
- j_s 14y agoWhat I'm asking is for documentation that authors get a commission on a one-time lend between Kindle users (the type of lend facilitated by LendInk). I have learned that KDP Select authors get a commission per lend but that may be limited to lends from Amazon to Amazon Prime members. Edit: Specifically, it sounds like LendInk facilitated "Lending for Kindle" loans https://kdp.amazon.com/self-publishing/help?topicId=A2JGI9S4FDM39Q https://kdp.amazon.com/self-publishing/help?topicId=A2JGI9S4... > Will I receive royalties when customers choose to lend my book? > > Loans of digital books through the Kindle Book Lending program > are not purchases and thus are not eligible to receive royalty payments.
- sp332 14y agoLendInk was more of a matchmaker. All the actual lending happened on Amazon and Barnes & Noble websites.