Hi everyone,
This month, Orchard House Press paid more than $350.00 in overdraft fees to our bank. This was the result of royalty checks being cashed as late as this past week.
It was our hope that authors and artists would cash their royalty checks within 30 days of receiving them.
In this economy, OHP is still struggling and these fees have had enormous impact on our operating capital. We cannot afford for this to happen again, so we will be changing to a PayPal payment system for all royalty payments beginning in March 2012. If you do not have a PayPal account, you will need to establish one prior to March of next year.
Once you've done this, please send me the email address which is connected to your PayPal account so that a royalty payment can be sent to you. If you already have a PayPal account, please send me that information at your earliest convenience so I can make sure my records are correct.
Thank you.
Cris
