Mylot's minimum balance for payout should become $5? Agree or Disagree.

@biman_s (1060)
India
July 18, 2009 12:57pm CST
I have personally asked many mylot users about this and each of them had a different opinion. I think that if mylot decreases the minimum balance required for payout then many new mylot users might not contribute as much as they were otherwise going to do in order to reach $10. But thats just me. What do you think? Share your thoughts.
5 people like this
33 responses
@marty3888 (2355)
• Acme, Michigan
18 Jul 09
I agree. Even though right now my minimum payout is $25.00, that's because I reached $10.00 at about the same time I got my income check. I figured $10.00 wasn't going to make a difference now. So if I change it to $25, it might come at a time where I can use it, plus it's more. But I think that if you want, you should have the option of $5.00.
1 person likes this
@biman_s (1060)
• India
18 Jul 09
Well you are somewhat right. Providing an option for $5 would be nice. How about they provide this option to those who have already got one payment from them.
1 person likes this
@marguicha (214281)
• Chile
18 Jul 09
When I join a site I accept the TOS. Like it or not. This site has these rules and we should be SO glad it always pays when we reach payout. We donĀ“t even consider that it could turn into a scam. I love mylot as it is!!! Happy posting
@payout (3794)
• United States
18 Jul 09
=] =] I agree with you.. I'm happy anyway.. that mylot does what it says pays it's user right away and not a scam .. So yeah I think it should stay as $10 just be happy with that people just want things handed to them.. They just need to be thankful.. =] well yeah take care and keep posting.. =]
@savypat (20216)
• United States
18 Jul 09
I think mylot knows what it is doing and has been doing so for several years now. It never ceases to amaze me how new comers to this site try to improve it. I must admit that I too was guilty of doing this. Just relax and enjoy, all is well and you will get paid when you reach $10.00 in a pay period just like the rest of us. Enjoy and welcome
@biman_s (1060)
• India
18 Jul 09
Thanks for your response Savypat.
1 person likes this
@abhaijith (2963)
• India
18 Jul 09
Friend,I agree with this.I think it will be helpful for those people who are not able to be regular here.They are trying to reach the minimum payout as fast as possible even though the time not permitting them to be active here.So in my opinion its good. Very good discussion Friend.
@biman_s (1060)
• India
18 Jul 09
Thanks for the comment. The current rate keeps the discussions free of spam in many ways.
1 person likes this
@ptrikha_2 (45331)
• India
18 Jul 09
Yes , I too think the same . $10 takes quite longer to reach .
1 person likes this
@agv0419 (3022)
• Philippines
19 Jul 09
I also agree that mylot should lower the minimum payout to $5 because $10 takes longer to reached. Everybody that is not that active here and not a native English speaker also benefited from it. In my experienced it took me months to reached my first payout here. I worked hard to be able to do reach it. I hope they would consider your suggestion.
@diamania (7011)
• Netherlands
18 Jul 09
It would improve my workrate here but also the workrate, in a rather negative way, of new users. So I think it should stay that way.
1 person likes this
@biman_s (1060)
• India
18 Jul 09
Yeah you are right. Thanks for response.
1 person likes this
@markmoney (2868)
• Philippines
19 Jul 09
That would be better if it will be approved. I'm in favor of it, for sure I will reach the payout every month. And more people will be added to myLot community for sure. And it will help to get referrals less harder. I hope that opinion of yours will be approved by myLot bosses. Lol! Happy myLotting!
@biman_s (1060)
• India
19 Jul 09
Thanks for your response
@arcidy (5005)
• United States
18 Jul 09
I would love it if they changed the minimum payment to only five dollars because thats how much I usally make per month anyway. So Ill be getting paid every month which would be awesome. Its hard to make ten dollars a month at least for me it is which is why it would be great if they lowerd it to five dollars a month.
1 person likes this
@kafrosGR (138)
• Greece
19 Jul 09
unless the fact that much mor epeople would come to mylot its surely hard to reach $10. hope they hear our voice :P
1 person likes this
@just4you0 (421)
• India
19 Jul 09
I dont agree with it completely, ofcourse it would be great for members here but it will have negative effects on mylot. Obviously, people will become less active just after reaching $5 as mostly people want just reach minimum payout so its not good. Mylot is the best and it dont need any changes!
@biman_s (1060)
• India
19 Jul 09
An honest response from a new mylot user. I like it, happy myloting.
@doormouse (4599)
18 Jul 09
should definatley be lowered to $5,it would make me feel like i'm acheiving something quicker coz it's taking me forever to reach $10
1 person likes this
@LeavaoDe (349)
• United States
18 Jul 09
Hi. I agree with you. I was reading some of the other comments for this discussion and one suggestion was to maybe give the option of $5 after you have cashed out for the first time. I think this is a good option too. Personally I love myLot the way it is. I enjoy and have fun here on myLot and if the payout was lower the contributions of new myLot users might not be as good. Just like you said. We're not here for the money right?! :) Happy myLotting!!!
@biman_s (1060)
• India
19 Jul 09
You can either withdraw it to your paypal account or receive as a check to your home address. Its a choice.
@biman_s (1060)
• India
19 Jul 09
Thanks for responding. And yes we are not here to make money we are here to learn more from people.
• India
19 Jul 09
hey guys please tell me where does dis pay come??? i mean 2 some bank account or a cheque at our homes?? i m new.. help me frnz!!!
@vingyan06 (2486)
• Malaysia
19 Jul 09
Hmmm, I think the minimum payout could have decrease to $5 for those new Mylotters. Maybe Mylot will have the very first payout at $5, only for the first time. then the subsequent payout would back to minimum $10.
@browneyed (2522)
• United Kingdom
19 Jul 09
vingyan06, Or maybe it could be the other way round: $10 for the initial payout, then $5 thereafter - the lower payout could be a reward for committing to a higher initial payout.
@biman_s (1060)
• India
19 Jul 09
A different opinion, I like it. Thanks for your response
@vingyan06 (2486)
• Malaysia
19 Jul 09
is a good way too. Thank you for sharing this .
@Txgal01 (37)
• United States
19 Jul 09
I agree that the minimum should be $5. I have not received a payout yet because I am new. It makes me wonder how long it will take me to reach $10.
@biman_s (1060)
• India
20 Jul 09
Have patience and keep posting you will get there.
@LittleMel (8742)
• Canada
18 Jul 09
I like it at $ 10. People will contribute as much because $ 5 is easy to achieve every month. plus if their payment gateway charges them for receiving money, they will need to earn more than $ 5 every month. People don't stop contributing after they receive payments, because if they stop they will receive less and they may need the money anyway. so smaller payment won't change contribution much.
@biman_s (1060)
• India
19 Jul 09
I totally agree with you.
@browneyed (2522)
• United Kingdom
19 Jul 09
Hi, Whether I agree with a revised minimum payout of $5 or not, myLot's gonna do what it will do. However, I personally don't have a problem with $5 or $10 as the money's not really my focus.
@payout (3794)
• United States
18 Jul 09
It doesn't sound like a bad idea but I think it's better off staying as $10.00 really because sometimes sites shut down and are unable to pay it's users because they can't keep up with all the payouts. So I rather just keep the way it is.. better to be safe then sorry you know what I mean. Plusi t's not that hard to get $10 just takes time and some effort . =]
@biman_s (1060)
• India
19 Jul 09
Well you are right there are some sites which shutdown down because they cant pay. I surely wouldn't want that to happen to mylot.
@Preciousgem (1182)
• Philippines
19 Jul 09
I agree with you, because i have not been reach 10$ pay out ever,I am not on my second month here in mylot, and for now i reach only 5.12$, because i don't have a referral, i just rely on my 5 discussion and answering mylotters discussion, and waiting for them to both me as his/ her best response, for now i got only 10 best response, cause if i wait for 10$ it make it for me so long.
@biman_s (1060)
• India
19 Jul 09
work a little bit harder and I am sure you will reach payout soon. I too don't have any active referrals but I do try to make good discussions and respond to quality topics. Perhaps this way you can reach payout faster. And like others said $5 is nothing. $10 is good for now as long as they are paying. right?
@seekers (393)
20 Jul 09
A lower payout is always better than the higher one. Members are quite worried if the payout is high, sometimes a site just closes down without informing their members. It's pity for the members that are near payouts already.
@Shery32 (423)
• Saudi Arabia
20 Jul 09
I might want it to be $5 but it should be $10 so we work hard for it and enjoy it :D I hope Thx