Questions and answers about author payments.
At YouBook, we sell paid minibooks and paid events for authors. The revenue generated from sales, after deducting credit card fees and value-added tax (VAT), is distributed at a ratio of 70% (author) : 30% (YouBook). After deducting additional income tax per author from the distributed amount, the remaining balance is deposited into the author’s account.
Q) How do I set the selling price of a paid minibook?
You set the price of your own minibooks.
You can do it by – clicking your minibook – set a price – and asking to publish it.
When selling, the price will include VAT.
Q) What are the minibook price and total sales?
The minibook price is the price set by the author.(Including VAT)
For translated versions in other languages, the price is automatically converted into the respective currency based on the average exchange rate over the past three years.
The total sales is calculated by multiplying the minibook price by the number of copies sold.
Q) What are ad views and revenue?
Ad views refer to the number of times a reader watches an advertisement before accessing a minibook.
Revenue is calculated by multiplying ad views by the ad price. Since ad prices vary depending on the type of advertisement, an average value is used.
Q) What are the total amount and deposited amount?
The total amount is the sum of minibook sales revenue and advertising revenue.
After deducting certain costs, the remaining amount is transferred to the author as the deposited amount.
The deductions include:
- Payment processing fees (e.g., credit card fees)
- Taxes (VAT and personal miscellaneous taxes)
- YouBook platform fee (30%)
YouBook only takes the minimum fee necessary to maintain the platform.
***** Important: If the deposit amount is less than the remittance fee, it will be displayed as 0 and will not be deposited.
Q) What is the settlement period?
The settlement period occurs twice a year (in July and January of the following year).
This means that sales revenue from the past six months will be settled in the following month.
Q) Do authors need to enter their bank account information?
Yes, it is required.
To pay sales revenue to the author, we need their bank account information.
Additionally, this information is required for tax reporting to the national tax authorities.
You can enter your account information in the app as follows:
Profile picture at the top of the screen – Purchase & Settlement – Click on Account Management and enter the details.
- YouBook does not use your information for any other purpose other than author payments.
Q) How are events settled?
Events are settled in the same way as described above for minibooks.
However, there is no ad revenue from events.
