Change in myLot Payment methodology

@myLot (127)
Kansas City, Missouri
November 13, 2008 5:41pm CST
Effective November 17, 2008, Moneybookers is suspending service for US customers who send money internationally. Unfortunately, this means we must suspend payments to all myLot users who can only receive payment through Moneybookers. Effective immediately, if you live in any of the countries listed at the end of this message, you will only be allowed to receive payments through PayPal and must enter a PayPal email address in your payment preferences. If you originally had the option to choose between Moneybookers and PayPal, you no longer have this option and will only be able to receive earnings through PayPal. To verify you situation, please login to your account and click the preferences link at the top of the page. On the preferences page you will see four tabs, first click on the account information tab. In the country of residence field, please make sure you select your country and click update. Next, please click on the payment information tab. Toward the bottom, there is a field for you to enter either your PayPal or Moneybookers email address. If it says PayPal, you must enter a PayPal email address in order to continue receiving payments from myLot. If it says to enter a Moneybookers email address then please do so now as on or about November 14th, 2008, we will send payments to everyone who has updated their Moneybookers email address and has accumulated a minimum of $4.50 in earnings. Anything under $4.50 will not be paid out at this time. Going forward, you can still participate in myLot and continue to earn, but you will be unable to receive payments until such time that PayPal is offered in your country of residence. If you have always used PayPal or have entered your PayPal email address in the past, this issue does not affect you. Our next PayPal payout will be on or before December 15th, 2008, for those people who have accumulated a minimum of $10 by November 30th, 2008. We apologize for this unfortunate event and are constantly working to find alternate payment methods. In the mean time, the only viable payment option available is PayPal. Countries where myLot can send funds via PayPal: American Samoa Argentina Armed Forces Americas (except Canada) Armed Forces Canada, Europe, Middle East Armed Forces Pacific Australia Austria Belgium Brazil Bulgaria Canada Chile China Costa Rica Cyprus Czech Republic Denmark Dominican Republic Ecuador Estonia Finland France French Guiana Germany Gibraltar Greece Guadeloupe Guam Hong Kong Hungary Iceland India Indonesia Ireland Israel Italy Jamaica Japan Korea (South) LAtvia Liechtenstein Lithuania Luxembourg Malaysia Malta Martinique Mexico Micronesia Netherlands New Zealand (Aotearoa) Norway Palau Philippines Poland Portugal Puerto Rico Reunion Romania San Marino Singapore Slovak Republic Slovenia Spain Sweden Switzerland Taiwan Thailand Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Virgin Islands (U.S.)
28 people like this
108 responses
• Philippines
14 Nov 08
I can see this coming actually. I'm just glad I change my payment method last month -- from moneybookers to paypal. Well, I wasn't really satisfied with moneybookers since they charge really big for money transfers. I used moneybookers on my first 2 payments. I had an accumulated amount of about $27 but I only received $13 after I made a transfer to my local bank account. Shucks! I lost more than half of my mylot earnings! And so, I'm not really surprised this is happening right now, I guess, moneybookers have received so many complaints about the amount of their charges. At least mylot is thoughtful enough to let everybody know about this issue. Thanks to mylot people!
• India
14 Nov 08
Ya, Thanks to Mylot.
3 people like this
@apples99 (6564)
• United States
15 Nov 08
Well now that you have a paypal acout you dont have to worry about those extra fees.
@sharra1 (6344)
• Australia
14 Nov 08
This is a shame. I am fortunate that it will not affect me as I have only ever used Paypal but I know some users on this site say they cannot get Paypal. What happens to them? I do not understand why moneybookers would do this. Could it have something to do with the financial crisis in America at the moment?
4 people like this
• India
14 Nov 08
Might be, Bad for people who Can't get Pay-pal.
3 people like this
@cupid74 (11397)
• Pakistan
15 Nov 08
I am one who wont get payment from Mylot
• New Zealand
17 Nov 08
I guess this has something to do with terrorism related money transfer controls. Pre 9/11 it was no hassle to move money around the world for small people. Now there are a lot of forms to fill and hurdles to cross before even legitimate money transfers can take place. Of course the really keen people find ways. But in the meantime, I guess PayPal who have robust systems are the only service people from many countries can still use. It will get increasingly tough to open PayPal accounts for people living in high risk countries. Sad but realistic.
@apples99 (6564)
• United States
14 Nov 08
Well Iv always used paypal at mylot for payment so I guess I dont have to worry about this change thank goodness.
4 people like this
@apples99 (6564)
• United States
15 Nov 08
I'm glad that I use paypal and I dont have to worry, but I feel bad for those who cant use this service.
• China
14 Nov 08
Fortunately,My country is in the list.
3 people like this
• Philippines
14 Nov 08
I'm very much happy that my country was in the list for receiving payment. Happy mylotting to all.
@Anchopy (1453)
• Paraguay
14 Nov 08
My country is not in the list!!! f********
3 people like this
• India
14 Nov 08
My Country is in The list, Though its bad for those who's Countries are not in the list.
2 people like this
@nanajanet (4437)
• United States
14 Nov 08
I use Paypal but can you use Alertpay, Revolution Money Exchange or E-Gold as some other sites do? I do not know all of the details for a place such as yours but just throwing out some thoughts. Thanks.
3 people like this
• United States
14 Nov 08
Thanks for the suggestions; however, we have checked into these and unfortunately we are unable to use their services.
3 people like this
@nanajanet (4437)
• United States
14 Nov 08
Oh, well. Can you do check with fees? Just brainstorming, although I know little about this business, lol. Anyway, I am sure it will all work out in the end. Hopefully, Paypal does not mess you up. I know that these money exchange sites can cause troubles.
2 people like this
@ronreyes (4726)
• Philippines
14 Nov 08
Good thing that Philippines is included in the list. When I saw the alert warning, I thought it was a message that my account will be suspended. Anyway, this will be a good start for something new. It's been a long time since myLot is sending me some alerts and updates about the site.
3 people like this
• Philippines
14 Nov 08
Yeah it's a good thing Paypal it already here in the Philippines. :)
2 people like this
• India
22 Nov 08
good option
@pyewacket (43962)
• United States
14 Nov 08
Thank goodness I've always used PayPal...but thanks for letting others know about this. I hope it doesn't affect too many people here
3 people like this
@webeishere (36377)
• United States
14 Nov 08
Glad I have Paypal as well. I am afraid this may stop some members from posting in the future. Hopefully not. HAPPY POSTINGS FROM GRANDPA BOB !!~
2 people like this
@sudalunts (5527)
• United States
14 Nov 08
It is good that Mylot has informed members in time enough for them to make the change before the next payout. I am not sure how hard it is to get a paypal account in other countries, but the list Mylot provided seems very extensive, so I guess it covers everyone here on Mylot. My advise to those who do not yet have Paypal is to signup right away.
3 people like this
@webeishere (36377)
• United States
14 Nov 08
This is a shame as it may hurt some members and or make some stop posting here etc. Hopefully that is not the case. HAPPY POSTINGS FROM GRANDPA BOB !!~
2 people like this
@cupid74 (11397)
• Pakistan
15 Nov 08
Hi Bob its going to effect me but in sense of payment only but sure wont stop me from Posting
1 person likes this
• Egypt
14 Nov 08
What about countries that PayPal doesn't support or not listed in MyLot updated list? Should we just leave MyLot?
• United States
14 Nov 08
Unfortunate for alot of people. Luckily I am paypal based so it's all good.
2 people like this
@mayka123 (9549)
• India
14 Nov 08
It is very sad for those who do not have an option of getting paypal payments. I think we will be loosing a lot of our friends here who would not like to wait till they have another option.
@my125125 (822)
• Malaysia
14 Nov 08
I have moneybookers account, but I seldom use it, I prefer paypal. I am glad that I choose paypal as my main account, paypal is the best to receive money, and my country in the list.
@williamjisir (22909)
• China
14 Nov 08
Hello mylot admin. Thank you so much for this information. I am glad that I use Paypal and don't have the problem of getting my earnings via moneybook. But I am sorry for the inconvenience caused to moneybook users. I hope that they will get a paypal account at their convenience. Have a good day.
2 people like this
@Bryanwu (47)
• China
14 Nov 08
Goodness!China is included in the list.I will choose the Paypal.
@rusty2rusty (6746)
• Defiance, Ohio
14 Nov 08
This will not affect me at all. As I have used paypal as my method to recive any funds I have earned on this site. I am wondering thou if it will affect any members leaving or the difference in discussions we will see. I have never heard of Moneybookers til I read the alert. So, I am sure how good of a service it was to begin with. But from what I have read so far in the discussion. It didn't sound very good the way they charged people.
2 people like this
@Beruang (1309)
• Malaysia
14 Nov 08
I know that I am nobody but then I still want to say that it is very stupid of Moneybookers to come out with such policy. I hope that people would stop using them and let them go out of business. I am lucky as I have been enjoying the availability of PayPal in my country but I feel sorry for those who do not have the luxury of such options. I hope that they would not just quit as PayPal is expanding their services all the time, including more and more country in their list. I wonder if myLot is considering other alternative payment processor. AlertPay is available to most countries out there. May be myLot can take a look at that. Have a nice weekends people!
@jencai (3416)
• Philippines
14 Nov 08
Good morning Mylot! At first, I was disappointed for the new payment method update because as far as I know my country was not included in paypal's list of countries. But then again, I have found our country in the list. I'm glad I could still receive payments from Mylot. Hopefully you could still provide other payment option for other Mylot members. Thank you.
@robert19ph (4586)
• Philippines
14 Nov 08
Thank God! my country is on the list. All my payout has been with moneybooker and I am bit sad because I am going to loss something I was use to using already. I hope paypal is as good as moneybooker. I have not try withdrawing or transferring my money from this payment processor. I hope there is not much problem.
• United States
14 Nov 08
There are many people from the Philippines who successfully receive earnings from myLot and withdraw it from PayPal every month.
2 people like this
• Philippines
14 Nov 08
Thanks, this help.
1 person likes this
@awapak (1277)
• Pakistan
14 Nov 08
Most of the mylotters will not be able to take part in Mylot if this thing is done and we are left to the mercy of paypal only.I think ALERTPAY is the best option.Why donot you go for it ?? W E W A N T A L E R T P A Y.......A L E R T P A Y..........!!