What should I set my payout to?

United States
April 10, 2009 10:11am CST
Right now I actually raised it from the $10 to $25 due to the fact that I would rather be sure that I'm only be getting one payment a month. I don't like having to always go to the bank and I figured at a higher limit I would be more inclined to see this as a hobby then OMG I'm close to $10 again I have to make it. But now I've been wondering about raising it yet again. The thing I'm using myLot for right now - besides a distraction and enjoyment - is for my summer roadtrip. It's going to be costing about $500 and I want extra spending money too, so while I'm going to be working at home I figured I could most likely make another $50 or so before August 1st hit (when we're leaving). So thats why I've been debating about raising it again so I get the money right before I have to leave and won't spend it on anything else. So what is everyone else's opinion? Do you have yours set at $10? And if I do raise it can I lower it again? Also - about how long does it take for the money to actually completely go through paypal and into your bank account? Thanks! This is the first time I'm actually doing something like this so a ton of questions keep popping up in my mind.
1 person likes this
3 responses
@ladym33 (11007)
• United States
10 Apr 09
I guess it is personal choice when it comes to how much you want to set you pay outs at. Personally I like to keep mine smaller. Nothing agains mylot personally, and I have found the site to be wonderful and very reliable, but in the past I have been on sites that owed me a lot of money and went under. I like to cash out on sites as soon as I can so that I can be sure and get my money. Not that mylot has a problem or that I fear it will go under, it is just something that I do now to protect myself.
1 person likes this
• United States
10 Apr 09
I never really thought about it that way but its actually a really good point to make.
1 person likes this
@divinchris (2449)
• India
10 Apr 09
Its you wish to set the payment level to 10,25,50 or 100.Make sure that you change the payment setting before the month end so that they can adjust with your payment.Regarding transferring money from paypal to bank account it will take 1 or 2 days.Here at my place it will take 2-3 days.Better someone from US will help you with the exact bank transfer details.I have never changed the payment level,for the simple reason that I wont reach $25 in a months time.Happy Mylotting.
@fasttalker (2797)
• United States
10 Apr 09
If you're trying to save it for a road trip I would raise it up a little. That would help you save it rather than spending it on something else. Plus if you see you're not going to make it then you could change it back to $10. Good Luck and I hope you get enough to have a great time on your road trip!
• United States
11 Apr 09
Thank you! Yeah, my only worry was not being able to set it back to $10 or whatever if I knew I wasn't going to reach it.