SCAMazon: How Amazon “Kindle Unlimited” Scammers Net Millions – and Ruin the Marketplace

Nicholas C. Rossis

Amazon | From the blog of Nicholas C. Rossis, author of science fiction, the Pearseus epic fantasy series and children's books Image: dailyfinance.com

The Internet has been buzzing lately with news relating to the placement of our Table of Contents. Specifically, Amazon is now requesting that we place it at the beginning, not the end of our ebooks.

Has the company lost its marbles, as some claim?

Sadly, no. Scammers have been making millions off Amazon – and off any author enrolled in Amazon’s KDP Select program.

The KENP Scam

Authors know that when Kindle Unlimited was first launched, we were paid “by the borrow.” It was similar to a sale (on sales, we were paid 70% of list cost on books priced between $2.99 and $9.99), except now we were paid out of a general fund instead of a set percentage.

But Amazon changed that payment method from “per borrow” to “pages read.” Not pages written, but how many pages a reader actually reads.

As…

View original post 692 more words

Advertisements

2 thoughts on “SCAMazon: How Amazon “Kindle Unlimited” Scammers Net Millions – and Ruin the Marketplace

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: