We’ve all done it a million times. We finish a great book and loan it to someone else. Maybe it’s a friend, a coworker, or even a spouse. Regardless how close they are to us, there’s a pretty good chance that while we’ll let that paper back out the door, we’re not really interested in loaning them our entire Kindle device.
Amazon has remedied that.
The new Kindle book lending feature allows users to lend out digital copies of books they’ve purchased. But, there’s a limit to this; each digital book may only be lent out once, for no more than 14 days, and while it’s on loan the original purchaser can not access it.
By default, all DTP titles are available for lending, but if you’re signed up for the 35% royalty option you can choose to opt your titles out by deselecting the checkbox under “Kindle Book Lending” in the “Rights and Pricing” section of your title. Anyone who purchased your book before you unticked that checkbox can still lend it, however, but new purchasers can’t. Of note, if your book is enrolled in the 70% royalty option then there’s no way to opt out.
Authors won’t receive notifications (right now, anyway) that their books have been loaned, nor will they receive a royalty payment because no book was purchased. But, before you get angry about that, consider this. when you loaned that paper back to your friend/coworker/spouse, did the author know? Did they receive a royalty payment for it? The only difference I see is that Amazon has capped the number and duration of loans.
For more information, visit the Amazon.com Kindle Book Lending FAQ.