Would you grab your first payout ? or wait till.......

@p_vadla (1688)
India
April 20, 2008 12:43pm CST
..the earnings accumulate ? I am just thinking whether to claim first pay out or wait for higher payouts.
3 people like this
9 responses
@luvstochat (6916)
• United States
20 Apr 08
I always leave my payout set to the lowest amount then I just leave the money in my paypal account until I get as much as I want to transfer the money. I have had to many sites shut down and you never get your money although mylot would never do that as they pay faithfully every month and on time.
2 people like this
@p_vadla (1688)
• India
20 Apr 08
That is a nice idea. I think I would too follow that. Thank you for response.
1 person likes this
@emeraldisle (13158)
• United States
20 Apr 08
I always grab the first payout with any site. My thought is this way I can find out if they pay or not. If they don't pay I haven't wasted my time and I haven't given them more money by waiting. I collect my earnings and have it sent to paypal where it builds. When I need money I have it sent from there down but this way it can be added with all the other ones I do to make the most out of it.
@tigertang (1750)
• Singapore
20 Apr 08
I took my first payment from Mylott, which was $10. I worked on the principle that regular but small sums in your own pocket are always better than trying to grab larger but less frequent sums.
2 people like this
@emeraldisle (13158)
• United States
21 Apr 08
That's my thought and if I earn over $10 then I get that too when they do the payouts so it's not like I lose it if I don't have it set higher.
• Pakistan
20 Apr 08
i would just take my first payout and next time wait for the same amount
1 person likes this
• United States
20 Apr 08
I was a debate with myself about that. But i've decided that I am going to take this payout and then after this payout I am going to change the payout to probably $50 or something. So that I could have that money here for an emergency. I hope that all goes well because if it does then I'll have that $50 here that I can use for my books.
1 person likes this
@elisa812 (3033)
• United States
20 Apr 08
I have only had one payout so far, but I went ahead and took it when it hit the minimum $10. I still haven't spent it yet, though. I am planning to keep it at the minimum for payout, and then just let it accumulate in my paypal account until it is a pretty big amount of money. Then, I'll probably spend it on ebay or something, or just have it put into my regular bank account.
1 person likes this
@s2a2n2 (1732)
• India
20 Apr 08
I suppose I would withdraw. Its been a long wait and still only half way. I just had little over 5 now. got to see when I can make 10 and reach payout. good luck to you. cheers. Keep posting and earn
1 person likes this
@magrylouyu (1632)
• United States
20 Apr 08
I am almost at my first pay out of $10. But after this pay out I will make it so it has to be $50 so it's a good amount of money.
1 person likes this
@djmarion (4905)
• Philippines
21 Apr 08
i always get my payout, be it here or on other sites, no matter how small my earning was as long as i reach the minimum amount to have it transfered to my account. i usually leave them in paypal or moneybookers or on any other payment processor and let it grow by waiting for the next payout. i advice you to get your payment set to the minimum and withdraw as soon as you reach the allowed limit for your sake. not just here but on any other sites that you were a member. that's the wisest thing to do. internet sites are not forever, they could cease anytime and your hard earned money will go into trash.
• United States
21 Apr 08
If you are talking about here, you really don't have a choice. Once you set your payout level and give the payment processor information, MyLot will spit out your payment once you have reached that level. The only way to counteract this is to set it higher. My opinion is to grab it as soon as possible. I would rather have my payout somewhere where its earning me interest, instead of someone else. Heck I earned it!!!