alternative ways for mylot pay out / myLot

Pasig, Philippines

March 27, 2012 2:18am CST

i wanted to suggest that mylot would make a system that transfers earnings to your mylot ATM card where you can withraw your money anywhere around the world. what do you think fellow mylotters?

1 person likes this

5 responses

Just an Ordinary Owl?

@owlwings (43915)

• Cambridge, England

27 Mar 12

PayPal is a very effective method of payment. It is accepted in all countries which MyLot are allowed to make payments to under the restrictions of the Office of Foreign Assets Control and it is easily linked to a bank account or credit card. If MyLot used a loadable ATM card service, they (or rather, you) would have to pay approximately $5 for the card and 5% on any withdrawals from the card (these are the Terms which apply to RedGage payments which use this method of payment). This would mean that your first payment of $10 from MyLot would be worth less than $5 and for subsequent payments, you would only get 95% of your earnings. There is no good reason for MyLot to change from the current method though they will always consider any new method which becomes available.

1 person likes this

topffer

@topffer (42156)

• France

27 Mar 12

$5 for an ATM card is cheap : you probably forgot the cost of mailing

Just an Ordinary Owl?

@owlwings (43915)

• Cambridge, England

27 Mar 12

I never thought about linking a Redgage Visa card with PayPal. That is an interesting option and worth exploring (if one has qualified for a Redgage card and is in an area where PayPal is acceptable). This could be something which might be useful to a few here.

1 person likes this

magtibaygom

@magtibaygom (4858)

• Philippines

27 Mar 12

But those people in countries, whose country is not in good terms with Paypal problems will be relieved of their woes and worries. Have you thought about that?

1 person likes this

mylot atm

ottona

@ottona (141)

• China

27 Mar 12

The thing is, how much do people really earn here? How many times in a year does the average member get paid? My guess would be not many. Would it really be worth having a card to receive such little money?

1 person likes this

Just an Ordinary Owl?

@owlwings (43915)

• Cambridge, England

27 Mar 12

I get paid 7 to 9 times a year and have currently been paid more than $300 by MyLot. Many people get paid each and every month. Paypal is ideal because MyLot can pay you exactly what you have earned, with no deductions, and on time, every time. I have no statistics about how often people are paid but it is quite within the bounds of possibility for every member to earn at least the minimum of $10 every month. Everyone (excepting those in India and, perhaps, certain other countries) can choose whether they transfer their earnings immediately to their bank account or credit card or whether they keep the earnings in their PayPal balance and use them for other online purchases.

1 person likes this

ottona

@ottona (141)

• China

27 Mar 12

Even at $10 a month is it worth maintaining a card for? I wouldn't! Anyway the point is well made, Paypal with its free transfers is a very suitable payment processor for almost everyone. Be nice though to see support for other online processors.

1 person likes this

BYOLA2871

@BYOLA2871 (4371)

• South Africa

27 Mar 12

Sincerely i have wondered why mylot chose to cancel paying through moneybookers i did get paid through the processor once i thought mylot will come up with alternatives especially cos of people outside the US.But am still hoping,lets hope admin will coe u with soething soon

1 person likes this

@johndur (3052)

• Pasig, Philippines

28 Mar 12

same here i got paid by mylot also in my moneybookers.but i hope mylot would consider also the mylot card.im sure a lot will also benefit from this specially those who are having trouble transfering their earnings to their bank acounts.

offkey

@offkey (313)

• United States

27 Mar 12

I think it would be cool to have a points type system ie swagbucks and be able to choose what you want, or just a few options like amazon gift code, PayPal, iTunes, things of that nature.

1 person likes this

points system

Just an Ordinary Owl?

@owlwings (43915)

• Cambridge, England

27 Mar 12

Personally, I like to know exactly what I have earned in dollars (real noney). Points systems are all very well but, eventually, we want to know what they are worth in currency. I earn 'points' in various schenes (Toluna, for example) and can convert them into things I can use - vouchers or PayPal earnings as appropriate - the bottom line, however, is always 'how much is it worth in my currency?'

1 person likes this

venkit

@venkit (2955)

• India

27 Mar 12

I think, currently it is going well with Paypal payment option. So what is the need of new card. And if mylot makes new card, then how will they make it acceptable in all nations. And now also you can transfer money from your paypal to bank account and withdraw using ATM. So I dont need a Change.

1 person likes this