any formalities before payout?

@Amagnimo (637)
India
November 6, 2008 6:58am CST
Wow. I reached the payout finally. I was wondering if I have to follow any formalities before the payout. I reached the payout last month's last week itself. So they say I have qualified for the payment of November. And are saying we will pay it out on or before 15 of Nov. I was wondering if I have to DO ANY SINGLE THING before they pay out? Yeah, I checked with my account and it is fine. Does anyone have any idea what to do (if there is anything that is! =P ) Haha. Thanks!
4 people like this
15 responses
@Opal26 (17690)
• United States
6 Nov 08
Hi amagnimo! All you need to do is have your PayPal account all set up and ready to go. I hope you have that by now. If you don't you had better hurry up and get one. That is how mylot pays you. They send the money to the PayPal account. That is all that you need. The money is sent directly to the PayPal account and then you can do whatever you want with it. I am on my forth payout. It is really easy. I get my money from the PayPal account and put it directly into my checking account so that I can pay some bills. That is what I do with my money. You can do whatever you like with yours. You can take out the money or buy something online with it. Or you can leave it there and let it build up until you are ready to use it.
@Maggiepie (7821)
• United States
8 Nov 08
Opal--I heard they give you a quick heads-up email to let you know they've deposited it. Is that true? It'd be nice not to have to call the bank & bug THEM. TIA! Maggiepie
1 person likes this
@Opal26 (17690)
• United States
8 Nov 08
Hi maggiepie! Yes they do send you an email telling you that they have deposited the payment into your PayPal account. They do this on the day that they make the payment. You will know right away!
1 person likes this
@Maggiepie (7821)
• United States
8 Nov 08
Wait, I just noticed. You said YOU GET THE MONEY & then YOU put it in the bank?? I was under the impression that it goes DIRECTLY to the bank after payouts are reached. No? Why did my bank need to open a connection to them, if so? Gah...if I live to be a THOUSAND I'll NEVER understand money/bank doings!!!* If you can figure out what I mean, & know the answer, please tell me...& please be gentle. It's my First Time dealing with PayPal! ......... {o; * Oh well, given the coming Depression the financial gurus all promise, I guess that won't be THAT much of a problem! LOL! Maggiepie
1 person likes this
• India
6 Nov 08
Hi Amagnimo, congratulation on reachung the minimum pay out. Good luck. There is no formalities. Within November 15th your your money will be in paypal. I am also awaiting Nov 15th for my pay.Happy mylotting!
2 people like this
@Amagnimo (637)
• India
10 Nov 08
Well, thats great and thank you. Yeah, its good that mylot doesn't have any formalities and I too await 15th Nov. now looking forward to my first payout on INTERNET! XD Happy Mylotting Nemo.
@Maggiepie (7821)
• United States
8 Nov 08
That's the same thing _I_ want to know! I'm due a payout (well, actually, overdue, but for once, it wasn't MyLot which messed up..'twas I....) on the 15th. I can't see how others have responded 'til I post this (& that IS one of MyLot's screwy methods...grrr), but I look forward to finding out myself! Thanks for asking! Maggiepie
1 person likes this
@Amagnimo (637)
• India
9 Nov 08
Err. I am glad this questions helping everyone. but do let me know one thing. why the hell cant you see how others have responded. I mean, you can ofcourse open up a new tab or new window in which the replies are there that were posted before your post? Can't you? Anyways. Congrats fr your pay out! =)
1 person likes this
@Maggiepie (7821)
• United States
9 Nov 08
When you get a post saying such-&-such friend has posted a new discussion, & it gives you a LINK, it leads DIRECTLY TO the response page, without letting you SEE what others have responded like alr3eady! As to WHY MyLot does this? It's just one of their weird ways of doing things. Sometimes I can figure out how I want to answer from the post included, but not always. Oh, & as for the payout? Hang on to your congrats; THAT has something weird going on with it, TOO. NOW I'm being told I've given MyLot the wrong password--but that's impossible; I COPIED & PASTED the very password Pay Pal GAVE ME--twice! I don't think they're EVER going to cough up my money, frankly. They've been stalling since I saw I'd gone over $10! Maggiepie
• United States
7 Nov 08
as long as you have it set up for your paypal or alertpay (which ever your using.. different countries i think have to do different ones or something) on your profile then you dont have to do anything.. just wait for the email saying you have money!!
1 person likes this
@Amagnimo (637)
• India
9 Nov 08
Wow this is superb. I mean, there's nothing that I have to do huh? Everything's set then! Thanks for reply and yeah, I'll surely notify others too about the email. haha. Thanks.
1 person likes this
• United States
11 Nov 08
yeah its nice.. i have mine through paypal and i just put it in my account info and get the email saying i have been paid when they deposit it
@Bethany1202 (3432)
• United States
6 Nov 08
Just make sure your email account to where you will get paid (prob PayPal) is entered correctly in the system and that your minimum payout is set to what you want it to be ($10, $100, whatever...) They will automatically send the payment around the middle of this month if you really reached your minimum before the end of last month. No need to send any requests or anything. Congrats on your first payout! :)
1 person likes this
@SeishiroX (1076)
• Philippines
6 Nov 08
Hi there. How do they schedule their payments here? If you reach payout at the end of the previous month, you get paid at the 15th of the next month? If you reach payout anywhere within November 1-15, when do you receive your earnings? The 30th of this month?
@Amagnimo (637)
• India
9 Nov 08
yeah. Finally I am not waiting to make up the payment here and I am waiting for email stating the money got transferred! hehe. Everythings' set. yeah. @last comment to this response: They payout all the money on or 15th of everymonth. Whatever is you build up in this month and before, if it qualifies for your min payout, you get it on or before the next months 15th day.
@ronaldinu (12445)
• Malta
9 Nov 08
Congratulations for reaching the payout here in my lot. AS long as you have filled in the details correctly, the mylot administration will forward you the money in your paypal account or whatever you have chosen to. Make sure that you have filled in the correct information. © ronaldinu 2008
1 person likes this
@Amagnimo (637)
• India
9 Nov 08
Hey thanks for that! yeah I am all set for the payout. Just waiting for some bucks in my account! By the way, copyright huh? are you officially allowed to do that . hehe. lol. Thanks
@subha12 (18453)
• India
7 Nov 08
there is no formalities needed. if you have reached it this november, its november's payout. you will be given this to your paypal before 15th of december.Whatever you earn till 30th november will be paid at that time
1 person likes this
@Amagnimo (637)
• India
9 Nov 08
Okay. I think I get paid $10.04 in my payout and $0.6 is my new balance? Is that so?
• United States
7 Nov 08
Thanks for posting this. I was curious about this as well. Also, thanks to everyone for their answers they were very helpful. I am wondering though, do they pay you for how much you have at the end of the month over $10 or just the even $10? Example, say you have $12.41 in your account November 30th. Do they pay you $12.41 Decenber 15th or $10 and the $2.41 is your new balance? Thanks
1 person likes this
@Amagnimo (637)
• India
9 Nov 08
I am glad the question is helpful. I can only answer your question on or after 15th or on the day they pay out the money! ;) But yeah, its nice. Did you reach the payout? Do you have those 12 bucks or that was just an example?
@anujs007 (98)
• India
6 Nov 08
well,first of all congratulations of reaching the payout. I am new to mylot and still hoping to make it there...any tips?..and how much do you write usually on an average. as of the payout..just need a paypal accound and they send it on their own... Kindly do guide us a bit...really wish to reach that payout some time soon... thanks in advance.
1 person likes this
@Amagnimo (637)
• India
10 Nov 08
Well of course. Welcome to mylot and thanks for your congrats. Wishing you the earliest payout! =) I do write a lot on average. Most of the times (no actually, always) I write full english and no try to avoid typos. I try to avoid abbreviations and I don't use Netspeak. In that case, I am lenghtening my post and trying to make it more qualitative. I am glad I have reached my payout for now. When I write I usually don't think about getting a nice pay, but I rather think of getting a nice award that is Best response for my comment. That calls my best writing to come on and get me the best response on my own efforts. Well good luck to you! =) Nemo
@sirrob (4112)
• Philippines
6 Nov 08
If these statement is what is written in your account balance: "Congratulations, you have earned enough in October to qualify for November's payment! We will process payouts on or before November 15." then there's no problem at all and I believe that is what you want to imply also. You just have to wait when paypal send you a notification that you have payment from myLot. And you have already checked your payment information then all you have to do is set back and relax and wait for your money. There's nothing else you need to now for now except to post more for next month.
1 person likes this
@Amagnimo (637)
• India
9 Nov 08
Yeah you are right. That statement is there. And there's really nothing except to post more, but alas, i don't have time to regain my previous activity! ... :( But Happy Mylotting anyways =) nemo
• Philippines
6 Nov 08
That's tough! Congratulations! I'm so amazed that you were able to reach the payout even if you only have 358 responses in discussion. You really work hard! I envy you.... Just make sure that you have your paypal account verified so you can receive your first payment.
1 person likes this
@Amagnimo (637)
• India
10 Nov 08
Well thank you. I do write too much in these. Sometimes I wonder it to be good that I don't write much. But then, now I know how does it payout. The replies I have made are long ones atleast longer than average. So if it pays out this way, as I make out from your response, I am happy I wrote long ones! =) Good luck to you! And yeah, I do have the paypal account verified XD Just waiting for the payment!
@ESKARENA1 (18299)
10 Nov 08
well congratulations to you, it certainly is a great feeling when you hit payout for the first time. No, you do not have to do anything. When i have hit payout i just get it deliver in to my paypal account and, so far it has always been there. Congratulations again, keep on posting blessed be
1 person likes this
@camomom (7536)
• United States
6 Nov 08
I just reached my first payout for November also, so sorry but I don't know. Maybe if you find out that there is you can pass it along to me?
1 person likes this
@Lakota12 (42684)
• United States
6 Nov 08
Nope they just put it in what ever account you have put in there for them to use hugs and WTG!
1 person likes this
@zandi458 (27952)
• Malaysia
6 Nov 08
Do nothing but just wait for mylot to credit it to your paypal account. That is the beauty of mylot, they pay you automatically once you reach the minimum payout.
1 person likes this