Thank You Mylot Your Awesome

@mrtoffee (1522)
March 21, 2016 5:36am CST
I have just read the Mylot Admin post regarding the experiment to trial a $1 redemption limit for the next couple of months, and it shows just how amazing and forward thinking the owners of this site are. Every other site I have written for has pushed up redemption thresholds making member lose faith but mylot are doing the opposite and empowering us all in the process, for this I am extremely grateful. Thank you so much guys, you really are awesome.
5 people like this
6 responses
Anna
@LadyDuck (457973)
• Switzerland
21 Mar 16
It's just an experiment to see if people will come if they find easier to cash something at the end of the month.
1 person likes this
Anna
@LadyDuck (457973)
• Switzerland
23 Mar 16
@mrtoffee I do not believe that the 1$ limit will stay, it's too much work for the Administration. I wonder if they could consider to lower the minimum to 5$.
1 person likes this
Paul Connor
@mrtoffee (1522)
•
22 Mar 16
It's a good experiment and hopefully the one dollar limit will stay @ladyduck
1 person likes this
Paul Connor
@mrtoffee (1522)
•
23 Mar 16
@LadyDuck $5 would be a nice limit, I do wonder if there is a way that admin could automate the process which would mean that the $1 could stay, only problem there is getting around what ever checks they need to do to ensure that people are not cheating the system.
1 person likes this
jaishankar
@else34 (13517)
• New Delhi, India
21 Mar 16
@mrtoffee,I came to know yesterday that Mylot is going to experiment reducing the payout level to just $1 for a couple of months.It's a big news,a milestone in the history of the site.I am sure this move will have a very positive effect on Mylot's popularity.I fully agree with you that Mylot is awesome.It's unique and unparalleled.
1 person likes this
Paul Connor
@mrtoffee (1522)
•
21 Mar 16
I have to agree @else34 this is going to really help mylots reputation, thumbs up to mylot of being so far to it's members.
1 person likes this
jaishankar
@else34 (13517)
• New Delhi, India
22 Mar 16
@mrtoffee So let us get prepared for a huge rush on the site.
1 person likes this
Sanjeev
@sjvg1976 (41131)
• Delhi, India
21 Mar 16
Absolutely I also haven't seen any site doing this. I remember bubblews increased their payout $50 from $25 and making members difficult to cash out.
1 person likes this
Paul Connor
@mrtoffee (1522)
•
21 Mar 16
That was a killer when bubblews did that @sjvg1976 as not only did the redemption threshold rise the amount we were earning dropped.
Marlina
@marlina (154166)
• Canada
21 Mar 16
I hope that it helps MyLot to grow bigger and bigger.
1 person likes this
Paul Connor
@mrtoffee (1522)
•
21 Mar 16
I am sure it will @marlina it means more can feel the reward of being part of the site as a dollar a month is more than achievable for everyone
Judy Evans
@JudyEv (325654)
• Rockingham, Australia
22 Mar 16
Just the fact that they have offered this has given many a tremendous boost in faith in the site. You really do feel that admin cares whether we do well or not.
1 person likes this
Paul Connor
@mrtoffee (1522)
•
22 Mar 16
Indeed @judyev it really does show that they care about everyone succeeding and being motivated, afterall if we succeed, mylot succeeds.
1 person likes this
Mike
@Mike197602 (15487)
• United Kingdom
21 Mar 16
I think if people want the new $1 payout to stay they need to increase their activity here. The admins have reduced the payout threshold to increase activity so if there is no increase I suspect they'll keep the $10 payout. That's fine as I don't mind either way as now I can hit the $10 relatively easily if I wanted to...just takes a bit of effort and knowledge.
1 person likes this
Paul Connor
@mrtoffee (1522)
•
22 Mar 16
Once you have been active for a while @mike197602 the money does come quicker, what this experimental limit does is give new members and returning members the hope and motivation to get things moving again.
1 person likes this