I recently got paid from some of the sales on my self-published novel. For those curious how Smashwords does this, let me explain.
They pay once a quarter, 30 days after the quarter ends. And sure enough early in February (should have been January) I got a mail that money was being sent to my PayPal account. I moved it into my bank account days later.
What I find odd is that not all my sales to date are reflected in that payment. For example, I got a sale from the Apple store through Smashwords in November, but that money has yet to reach me.
Likewise, I got a sale from Barnes and Noble in December but not payment.
Now we aren't talking large amounts of money here (maybe $6) but it is really the principle and it is really surprising because I thought payments would be a touch smoother.
Just one more wrinkle in the self-publishing game I guess.