Don't have a Credit Card ?? Will Mylot.....

Mylot - MyLOT
India
March 18, 2008 9:24am CST
hello friends.. I am quite happy as i am about to reach my payout.. But i am worried about something.. Actually i don't hold a credit card yet..I have applied for it but it will take a month time.So i am unable to get a paypal address. However in the mean time i will reach my payout of 10$. Since i don't have a paypal address .. How will mylot pay me with 10$. I am worried if it forfeits the amount and i would be left with nothing.. Right now the limit is set to 10$ and i am trying to change the lamit to 25$ but it not updating unless i enter the paypal address... So what should i do? Any idea what Mylot does in such a situation?
5 people like this
15 responses
@rohit0471 (195)
• India
19 Mar 08
hey, u can create a pay pal account. its fast and easy. I created one and linked my bank account with it...
1 person likes this
• India
23 Mar 08
Okay .. But how did you link your paypal account to your bank account? through credit card or debit card or you submitted the bank account number.. I hope thats secure.. And which bank are you talking about?
• United States
23 Mar 08
I have a bank account that I keep very little money that I linked to PayPal several years ago, via the account number. When I receive payments through PayPal I have the money put into that bank account and then I withdraw it at the bank a few days later (it takes a few days to process). I have not had any problems with security in the 5+ years that I have had the account set up, but even if someone got into that bank account, there is never more than a few dollars in it at any given time so they cannot take much and the bank will deny any withdrawl attempts that are for more than what is available. This has been my experience only, so I cannot comment on others, but I personally do not know anyone who has had problems doing the same thing.
1 person likes this
• India
24 Mar 08
Okay ya .. thanks for your information.. I will try that out..But do you have other meney earning options? I don't think you must have had a payout yet from mylot? What else do you do to earn money online?
@sedel1027 (17855)
• United States
18 Mar 08
Well, you could always increase your payout amount to $20 or so until you can open a paypal account. Then you wouldn't have to worry about this. As far as I know, the money will just sit in your account - as long as you are active - until you add the paypal account. You may want to contact myLot directly to double check though.
1 person likes this
• India
19 Mar 08
Well thanks for your information.. I will enquire mylot about the same.. However i am unable to update my payout limit to 20$ without entering my paypal account..so i am just worried what happens if i reach the payout limit and haven't entered the paypal address yet..
@sedel1027 (17855)
• United States
19 Mar 08
The money will just sit in your account until you enter a paypal address.
1 person likes this
• India
21 Mar 08
okay .. Thanks for the information
@sahyd2don (2949)
• India
18 Mar 08
why dont you create a paypal account then.I too dont have a credit card but paypal has allowed me to use the account .I had recieved $15 my first earning from mylot from which i have used $5.What else do you want when you can use your money which is in unverified user account.
• India
19 Mar 08
But as far as i knew i thought they won't pay until you enter your credit card information in the paypal account.. How did you recieve your payment.. via cheque? I m also from India. Can you guide me through the steps to convert my payout in dollars into real cash in rupees.. it would be nice of you.. And ya you said you received your first payout as 15$. Had you set the limit to 15$ or the amount keeps crediting until you opt to get your payout? I mean will it be our choice as to when do we want to have our money or is it fixed that they will send us 10$ whenever we reach there.. Do help me out..
• India
21 Mar 08
Okay thanks for the whole lot of information.. But i am still not clear with one thing.. Even if i enter the paypal address and i have not yet registered with a Credit Card then how will i receive my payout?
@harrish (126)
• India
23 Mar 08
noooooo ya .. i too dont know .. if u know .pls tel me ya pls pls ........
1 person likes this
• India
24 Mar 08
okay.. will let you know the process once i get my money out..
@chertsy (3805)
• United States
19 Mar 08
You don't need a credit card to have it linked to paypal. If you have a checking account you can do it that way and it only takes about 2-3 days to verify by checking your bank when paypal deposits 2 tiny and I mean tiny money into your checking. Once that's done, you go back to paypal and type in what they gave you. Then your set. Then once your done there, you can go back to paypal and order a paypal debit card, which takes about 2 wks to get to you. Once you have that in your hands and you want all funds you get online to go to you without paypal taking any, and you don't do a lot of transactions where you need a credit card, you can email paypal requesting a free account. They will do this for you and then any time you get money you will get the full amount and not what paypal gave you after taking fees for using it. Hope this helps.
1 person likes this
• India
24 Mar 08
Okay.. Thanks for your help..
@djmarion (4901)
• Philippines
19 Mar 08
you don't need a credit card to open a paypal account, you can open an account without it, all you would need is your active email address as this would be use as your paypal address. you will only need the credit card for verification purposes in order for your account to be verified by the paypal community and you will need a bank account to withdraw your money once your money has been transfered to paypal. hope you'll be enlightened
1 person likes this
• India
24 Mar 08
Thanks a lot for the information..But tell me one thing.. How will i get my money transferred from my paypal account to my bank account?
@youless (92401)
• Guangzhou, China
19 Mar 08
Actually you can change the minimum payout to USD20. And I think when you reach that amount, you already get your own credit card. If you have any questions, I do suggest you to ask Mylot because they will have a very satisfactory response to you in a short time.
1 person likes this
• India
23 Mar 08
I am unable to change my payout to 20USD until i enter my paypal address? By the way how did you get your payout.. I hope to get my Credit Card by the next month..
@aseretdd (13736)
• Philippines
19 Mar 08
Well, you can always get a moneybookers account and have your payout transferred to your bank account... but of course with a certain fee... i do not have i a paypal account so i opted to choose moneybookers... a lot of members already got their pay transferred to their bank account... so you don't really need a credit card to get you money...
• India
23 Mar 08
But you may had to lend some information about your bank account to get your payout transferred to your account.. I needed the credit card for the same purpose.. And i am still not clear how would they pay me in India.. But anyway thanks for your information
@subha12 (18453)
• India
19 Mar 08
Oh My God! I think you have some misconception.. First of all Make Paypal account NOW. You just don't need any Credit card for me. In the payment option in Mylot, just put this Paypal account email id( Paypal account is made with email Id only). Do It now and you will be paid there.
1 person likes this
• India
23 Mar 08
Hey thats okay.. U must have been paid already.. How did they pay you in India.. via cheque? Did they send a cheque to your address? Or did they credit it to your account?
@jofeli (504)
• Indonesia
18 Mar 08
i read somewhere on the net that paypal will limit our account for sending and receiving money, if we don't enter our credit/debit card number. i don't know if it's true or not since i don't have a paypal account yet. i don't have a credit card either, but paypal accept debit card too. i surf on the net and found out only debit cards issued by certain banks that only work on paypal. perhaps you could surf the net try to seek for banks in your country whose debit cards are accepted on paypal. keep on trying :) gd luck :)
• India
21 Mar 08
Well i had an ICICI bank debit card which i thought of using for the paypal..I tried it a long time ago.. At that time mylot was not accpeting the card. Thats y i put up the question if i need a credit card.. Even i read the same thing that we need to enter some banking information so that money gets credited..However i am worried if they would send a cheque to India ?? Anyway .. Thanks for your response
• Nellore, India
18 Mar 08
Well, you could always increase your payout amount to $20 or so until you can open a paypal account. Then you wouldn't have to worry about this. As far as I know, the money will just sit in your account - as long as you are active - until you add the paypal account. You may want to contact myLot directly to double check though.
1 person likes this
• India
21 Mar 08
Thanks for the info.. But i m unable to update my credit limit to 20$ without entering a paypal address? However i will make one soon..
@bcote212 (1113)
• United States
18 Mar 08
You actually do not need to have a credit card in order to open a paypal account. Most people do not link their credit card to their account. Go to paypal.com and just sign up for the free account. This will allow you to recieve the payments that you earn on mylot. In the future if you decide that you do want to link your credit card to your paypal account you can always do that later. If you need help PM me, and i would be happy to help you get your account set up.
1 person likes this
• India
21 Mar 08
So that means .. just by signing for a free account at paypal .. i will be able to get the money.. But how will i receive the money.. via cheque ? Will they send the cheque to India? How will i receive the money?
@TerryZ (22083)
• United States
19 Mar 08
I dont have a credit card either. Why dont you get a Paypal address? All you need is a bank account. Or you could just wait till you have $20.00 and by then you will have your credit card.
• Singapore
19 Mar 08
i thought that you dont need a credit card to register a paypal account, i made one and it didnt need a credit card. well, it did ask for it, but you could choose to not give your credit card information.
1 person likes this
• Indonesia
19 Mar 08
myLot admin should addresses this matter. But from my understanding, vipulchawla no need to worry. Your money (10dollar) will not be forfeited. You can keep it there without worry. Although you have no credit card, but 10 buck is yours to keep. You can order payment for the next month while your money are growing....
• India
24 Mar 08
Okay.. will raise this issue to mylot.. Thanks for your help..