To my fellow Filipinos, will moneybookers convert your earnings from dollars in

moneybookers image - moneybookers
Baguio, Philippines
July 6, 2007 2:26pm CST
.. to our Peso currency? Just an assurance, I never had the chance yet to withdraw my earnings.
2 responses
@ryanphil01 (4187)
• Philippines
7 Jul 07
this is how our money or earnings are transferred from mylot to moneybookers then to our local banks. usually mylot make their payouts for the current month by the 15th of next month, meaning this july 15th we will be receiving our payouts for june's earnings. in your case, since you are still a newbie, until when you reach the minimum payout of $10, you won't be receiving anything. when mylot has transferred your earnings to moneybookers, our online payment processor, moneybookers will send us an email informing us that we have been paid by mylot. then moneybookers will forward the amount to our local bank of choice(the bank we chose when signing up with moneybookers). we will be deducted $2.40 for every withdrawal transaction we make in moneybookers. therefore, i would say our local banks will cash us out in pesos.
• Philippines
7 Jul 07
btw, you can check you money with moneybookers anytime you received an email from them and you can withdraw your money anytime you want by filling up some information online like your birthday and bank account with its swift code. you can check my blog for the swift codes of different local banks. here's the link: www.wftorre07.blogspot.com
• Philippines
7 Jul 07
that's right.
• Philippines
7 Jul 07
yeah it will be automatically converted into peso if you link it with your peso account here in the philippines. I can suggest taht transfer your fund when you have big amount in moneybrookers so you can save for the fees. So you ll earn more.
• Baguio, Philippines
7 Jul 07
That's the right thing I should do. It cost $2.40 for the moneybookers to wireout my earnings directly to my bank account.
@aj2006 (1536)
• Philippines
9 Jul 07
thanks for this posT! I'm glad to know the fee on exchanging our earnings in money bookers.. I am working this month to reach my goal of my first ever payment next month.. thanks to all my kababayans who helped me understand the process.. :0)