On this installment of Submission Spotlight we’re going to talk about what happens after the blessed event of an acceptance and it’s time for you to get paid. Sounds simple, right? It usually is, but there are some things to be aware of before the money hits your bank account. As always, you should read all the guidelines before you submit a story, and how a market will pay you is part of those guidelines. (If you’re looking for a breakdown on the levels of payment–from token to pro–I cover that in another post.)
1) Have the right account. The method by which a market will pay you is, uh, pretty important, and you need to have the right type of account set up so the publisher can quickly and effortlessly transfer the money to you. That’ll usually look like this:
We pay a flat $50 USD rate for stories. We use PayPal to process all of our payments.
Whatever your feelings are about PayPal, if you want to get paid for your work, you’re gonna need an account. I’m not saying all publishers only pay through PayPal. Some will happily send you a check if you like, but a large majority either only pay or prefer to pay with PayPal. So, set up that account, friends.
2) Dollars: Not just for Americans! If you live in the United States, and you send out a lot of submissions, at some point you’re likely to send them to markets outside of your home country. I send a fair amount of subs to Canadian and Australian publishers, for example, and I’ll often see this in the submission guidelines:
Pay rates are as follows and in Canadian dollars:
Yep, Canadian dollars. But it might also be:
[Publisher] pays between A$20 and A$60 per 1000 words.
Right, that’s Australian dollars. You might also see these two currencies as CAD or AUD. Of course, if you submit to publishers in the UK, you might see GBP offered for payment. So what do all these currency differences mean to your submission? Not much, really, until it comes time to be paid. You need to understand that when a publisher says they’re going to pay you $200.00 CAD what shows up in your PayPal account is going to be $152.00 USD (based on current exchange rates). If you’re lucky enough to get paid in GBP, then you’d end up with $264.00 USD. PayPal will make the currency conversion for you (and charge you a small fee for the service), but just be aware of the those exchange rates so you’re not surprised on payday.
Yes, there are other countries that use dollars, and besides the two I listed above, you might see the New Zealand dollar (NZD), but it’s not nearly as common in my experience. But, hey, if you’ve been paid in Fijian or Hong Kong dollars for stories, let me know. 🙂
3) When do I get paid? Okay, so you’ve scored an acceptance, and you’re already doing the per-word multiplication, but when do you actually get the money? That can vary by publisher, and unlike many of the things I talk about in these articles, that information isn’t always in the submission guidelines. It’s often in the contract a publisher sends after an acceptance. That said, it is likely to be one of the following:
Payment is 8-12 cents per word on acceptance.
This sounds like you get an acceptance and you get paid, right? Not quite. In my experience, it means you get an acceptance, you get and sign the contract, and then you get paid (often immediately after the publisher receives the signed contract). I find about half the publishers I submit to do it this way. The others do something like this:
We pay 6 cents/word for original fiction up to 6,000 words on publication.
In this case, payment is made after the story is published. How long after the story is published depends on the publisher. Sometimes it’s right away, and sometimes publishers may include additional language such as “payment will be made within 90 days of publication.” Again, this information might not be in the guidelines but in the contract. It’s fairly common for a publisher to make payment this way, and it’s just something to be aware of, especially if you’re expecting a quick cash infusion to your PayPal account after an acceptance.
These are some of the issues you might run into with regards to payment in publisher guidelines. As with everything else, there shouldn’t be any surprised come payday because you read the guidelines carefully and completely, right? Of course, this one does come with the caveat that pertinent payment info isn’t always in the guidelines. So, if you’d like to be surprised when the contract states payment will be made within six months of publication, I’ll allow it. 🙂
Seen anything else of note in the guidelines when it comes to getting paid? Tell me about in the comments.
If you’d like to check out the other posts in the Submission Spotlight series, just click the links below.