I reached payout finally...
By LouieWpHs04
@LouieWpHs04 (4554)
United States
February 27, 2008 7:57am CST
I reached payout on mylot.. finally! I have a total of $10.18 and i'm wondering two things. What chunk of that will Paypal take out? and as I continue to post, will I only get $10.18 even if i'm at higher when it comes to the actual payout date, the 15th? Or is it pretty much set in stone that i'm going to get $10.18 come the 15th?
5 people like this
14 responses
@kevsgirlalways (5883)
• Malaysia
27 Feb 08
cool! congratulations to you then. how are you planning to spend your mylot earnings? keep up the good work!:D
2 people like this
@LouieWpHs04 (4554)
• United States
27 Feb 08
I'm probably just going to collect it for now until I really start making money on Mylot and my other sites, then I have no idea! In the end when it really adds up, it's probably going to go towards rent money and bills for when I move out, :)
2 people like this
@stephcjh (38473)
• United States
5 Mar 08
Congratulations!
Paypal will not take any of the money if you have a FREE account with them. they only take out funds if you have a business or premier account with them.
You will receive whatever the amount you earned for payout on the last day of February to get paid by the 15th of March. Any earnings after that will go towards April payout.
1 person likes this
@LouieWpHs04 (4554)
• United States
5 Mar 08
Does that count when I try to transfer it to my bank account? Or do they take out for that?
1 person likes this
@LouieWpHs04 (4554)
• United States
5 Mar 08
Oh, and one more question. Can I get a paypal card without it costing me anything? Or does it cost to get a paypal debit card?
and thanks for the information you gave so far =D
1 person likes this
@stephcjh (38473)
• United States
5 Mar 08
They don't ever charge you anything to transfer to your bank account. You should be able to get the Paypal debit card free of charge but I think they do a credit check or something like that. I think you are also limited to where you can debit your money also at ATM's and such. I'm not sure. I don't have one.
1 person likes this
@lynboobsy11 (11343)
• Philippines
27 Feb 08
Congratulation to you, I'm not that familiar with paypal coz I'm using moneybookers here in my country.
1 person likes this
@lynboobsy11 (11343)
• Philippines
27 Feb 08
Moneybookers has it's minimum amount to be payout like $12 thats why sometimes I have to wait for my second payout here in mylot in order to withdraw my earnings.
1 person likes this
@LouieWpHs04 (4554)
• United States
27 Feb 08
I think they're kind of the same except paypal is bigger and charges more, :(
1 person likes this
@girlgonefishing (2174)
• United States
27 Feb 08
I have reached payout before. For the life of me I can't remember if there was a charge for my payment or not. Of course there is no record of it anywhere here on my earnings information. LOL I checked the faq section and there is nothing there about a charge either. Who knows?
1 person likes this
@LouieWpHs04 (4554)
• United States
27 Feb 08
Well i'm pretty sure there is no charge when it comes to here, but when it goes through paypal and then you try to transfer it to your bank, paypal takes out it's own share as it costs a bit for a bank transfer in general, and the fact that paypal takes a portion out for themselves sooo. I think i'll end up with a loss of about 20-40cents to a max of $1.00. I doubt it'll be any more then that! I'll find out soon enough though!
1 person likes this
@Ldyjarhead (10233)
• United States
27 Feb 08
I'm sure you will continue to accumulate until the end of the month, but they will stop at that point to allow time for the calculations, which will be done by the 15th of the following month.
I'm at $6.35 right now after being here for 8 days, and I could really push to make payout, I suppose, but I don't want to be greedy and post just for that.
If I make it by running my mouth like I normally do, great!
2 people like this
@limcyjain (3516)
• India
10 Mar 08
congrats on reaching the payout. You would be receiving $10.18 only on the 15th. All earning earned hereafter would be accumilated in your account until you reach your next payout.
@carolbee (16230)
• United States
1 Mar 08
Congratulations, Louie. The cut off date for myLot is the last day of the month. PayPal doesn't take any money out for their services. You will receive an email notification from myLot the regarding the exact amount that will go into your PayPal account. I transfer the money deposited into my PayPal account to my bank account. It's not difficult to figure out.
1 person likes this
@GardenGerty (158076)
• United States
28 Feb 08
Whatever you have in your account on the Last Day of the Month is what you will be paid. You will receive it on or usually before the 15th of the month. Paypal does not take anything out of our deposits. You are good to go.
1 person likes this
@drknlvly6781 (6246)
• United States
10 Mar 08
From the experience of my last payout, you will get whatever is in your account once they process it. They tell you that it will be on or around the 15th, in some cases it may be sooner than that. But you will get whatever you have accumulated by that time, not just the 10.18
@drknlvly6781 (6246)
• United States
10 Mar 08
I just read here and realized, as you probably already know by now, you will get whatever you accumulated up to the 29th when your payout comes.
@DESMASTER2007 (1130)
• United States
10 Mar 08
O ok I actually did not know that. But i am actually starting to consistently post things on this website. I see that the site is a pretty honest site. I know I have an account with paypal but I wonder how do you exactly verify your bank account. I know I was sent an email to confirm my bank account, and this was after I filled out my checking and router number. Does that matter if I do not follow through confirming. And with the confirmation process do you have to do it, like is that going to stop money coming to my paypal account.
1 person likes this
@tressa757 (74)
• United States
27 Feb 08
Congratulations!!!! That gives me motivation. I just joined today and I am looking forward to having a testimony in the near future to discuss my success..:)Keep up the good work.
1 person likes this
