How am I paid for my royalties?

Total sales of the work and royalties are calculated on a calendar quarter basis. Royalties due will be paid within ninety (90) days after the end of each calendar quarter. Payment of royalties can be made only via electronic funds transfer (EFT) to a United Kingdom bank account. We may accrue and withhold payment until the total amount of royalties earned equals or exceeds fifty GBP (£50). All held royalties will be paid in full within ninety (90) days after the end of each calendar year.