Getting Paid by Amazon, YouTube, and for Freelance Work

I’ve been doing some research about how to get paid for selling books on Amazon, monetizing videos on YouTube, and through freelance writing and proofreading work. They’re all different. It’s a bit of a headache.

First of all, it’s apparently much easier now with Amazon. Before, you couldn’t link a Canadian bank account to American Amazon, but now you can. However, you must have a credit card (Visa or Mastercard). But it should be reasonably easy to set up.

For YouTube, as a Canadian, I must have a credit card or a debit card with Visa or Mastercard on it. That’s the only way to go. Well, that’s kind of limited.

For freelance work, especially for things like Upwork, it’s fairly straightforward. You can use several methods. I think I’d be going with Paypal and link it to a bank account.

The thing I’m debated is whether to have the payments for all three go into a Canadian dollar bank account or a US dollar bank account. Because of a tax treaty between the US and Canada, I don’t have to file taxes with the US. The only thing I can think of that would make a US dollar account beneficial is avoiding poor exchange rates with various services. However, when I file for taxes in Canada, it would be in Canadian dollars, not US dollars. And if I need to use the money, it’s easier for me to withdraw Canadian dollars and avoid exchange rates and service fees for every single withdrawal.

If you are Canadian and have any experience with any of these, let me know what you’ve done about it. I would especially like to get to work on my freelance work so I can get everything set up soon. Please leave a comment below.

10 thoughts on “Getting Paid by Amazon, YouTube, and for Freelance Work”

  1. I feel you on the headache part. Amazon actually isn’t bad at all, particularly Kindle. I’ve got it set up to direct deposit to my savings account, and it didn’t involve a card or anything: I just had to input a bit of account info so they know where to send it, and because it’s direct deposit there’s no threshold I have to hit or anything…they pay me every month for whatever I made, even if it’s only a few cents.

    YouTube is more frustrating. I’ve never actually monitized through YouTube itself, because I got invited to a network, but I’m currently in the process of getting away from that because I don’t like it. For one thing their website is absolute crap and half the time you can’t even see what you’re making. For another, they take an awfully large percentage for what they actually do for you (i.e. almost nothing). And for a third thing, they didn’t send me any kind of income tax info so I couldn’t claim it, and it made me wonder what the hell is up with that. I’m hopefully moving to another network soon that is a lot more transparent and seems more professional (plus they take a MUCH smaller percentage).

    I can’t say anything about the freelance stuff because I’ve never tried it.

    My biggest piece of advice is just to keep track of everything so you know you’re not losing anywhere. Whenever my YouTube network’s site would actually show my earnings properly I’d take a screenshot so I’d have proof for later, because sometimes that information would just mysteriously disappear for weeks at a time. I’ve never had a problem with Amazon/Kindle though…they’re much more straightforward and professional.

    1. P.S. If you’re looking to do freelance writing work, I suggest subscribing to the “Authors Publish Magazine” mailing list. I’ve been really bad for actually looking at them lately, but they send out emails that list places that are looking for submissions and stuff like that. Right now, for instance, they just sent me an email with a link for three anthologies that are looking for different varieties of short works. 🙂

    2. I definitely plan to keep track of everything.

      For Amazon, do you have them deposit in Canadian dollars? And is it through both and .ca? How about .uk? Or does doing it through just one of them cover everything?

  2. I worked with O’Desk which is now Upwork and I just linked my Canadian bank account. That was easy and worked out well for the 2 freelance jobs I had there.

      1. That might have changed when they switched to Upwork. I did get a message last week saying a payment failed. Now that I’m talking to you about it, that’s probably exactly why. I have a US account. I’ll have to link to that and see if it works.

        1. Well, I have Paypal and an eSavings account set up, so no problem there. Even made a bid to proofread a short story. Only $10, but I need some little jobs to get my reputation up on there.

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