Paypal , only payment method of mylot?

Philippines
May 29, 2016 10:49am CST
I hope they have this option of transferring payment directly to bank account, because when they transfer the payment to paypal, and then I transfer the payment to a local bank the fees are quite high. This will be a problem of mine. Who here has the same problem? How do you transfer the payment to minimize fees? Is there a way to minimize the fees?
8 people like this
9 responses
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
29 May 16
Paypal is the safest method of payment whether you like it or not. All methods also have fees because countries have taxes. Payoneer ,alertpay and other payment processors have taxes. Most earn online sites only give direct to bank to Americans only. You want less fees? hoard your cash up to 7000 pesos. There is no fee for 7000 pesos above when it comes to paypal.
3 people like this
topffer
@topffer (42156)
• France
29 May 16
Not even exchange costs from dollar to peso ? It is 3% for dollar to euro, but we have no limit and can transfer $5 to a bank account with no other fee.
1 person likes this
Your Highness Emperor Albert Whisker
@CaptAlbertWhisker (32512)
• Calgary, Alberta
29 May 16
@jvincent_129 I am talking about money from Paypal to your bank. There wont be fees if you are at least 7000 pesos.
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
Is that what you do? To reach 7000, you need about $160 to earn.
1 person likes this
Boingboing
@boiboing (13153)
• Northampton, England
29 May 16
It's paypal or nothing. And the best way to avoid fees is to spend it directly from your paypal account.
2 people like this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
Is that what you do? What can you spend with paypal?
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
@JolietJake Thanks for the info.
Boingboing
@boiboing (13153)
• Northampton, England
29 May 16
@jvincent_129 I buy a lot of things online where there's the option to pay with paypal.
1 person likes this
topffer
@topffer (42156)
• France
29 May 16
I do not transfer them, and I use my earnings in dollars to buy online : no exchange costs, no fees.
2 people like this
topffer
@topffer (42156)
• France
29 May 16
@jvincent_129 Ebay works if you have an account in dollars, not Amazon : Amazon does not accept PayPal. And there are a lot of online shops accepting PayPal. I also pay a Skype phone subscription like this : you have just to turn your currency to $ and send money to your Skype account from PayPal.
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
@topffer Nice advise. Thanks
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
Thanks for sharing. Is that ebay or amazon?
1 person likes this
Michelle
@infatuatedbby (94921)
• United States
29 May 16
I like the method of PayPal, I don't get charged when I transfer funds to my bank directly from PayPal.
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
Wow. Is it because you are withdrawing the minimum amount so that there will be no fees? How much is the minimum for it to have no fees?
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
@JolietJake It's nice for you. No matter what the amount is? No fees from paypal to local bank in the US? I live in another country.
Michelle
@infatuatedbby (94921)
• United States
29 May 16
@jvincent_129 We have no fees / or minimum requirement like JJ mentioned it's because I live in the US.
2 people like this
UpbeatRae
@carebear29 (31962)
• Wausau, Wisconsin
29 May 16
Yes it is. Faster and easier for them
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
Do you have fees when you transfer them to your local bank?
1 person likes this
UpbeatRae
@carebear29 (31962)
• Wausau, Wisconsin
29 May 16
@jvincent_129 Nope. Not me but I am from the USA
1 person likes this
Macarrosel
@Macarrosel (7498)
• Philippines
29 May 16
I think there's no other option. We are paid through PayPal. To avoid charges, I won't transfer my money to the bank, I just buy items online and pay them using the money in my PayPal.
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
29 May 16
Like ebay right?
youless
@youless (112164)
• Guangzhou, China
30 May 16
Mylot only pays by Paypal. If my Paypal money is up to HKD1000, then I will withdraw it to my Hong Kong bank account and they will not charge me any fees. So I have no problem in this issue. Perhaps you can use your Paypal money to buy something online? This is also another way to spend the money.
thatsjvl
@jvincent_129 (4994)
• Philippines
30 May 16
It takes a long time to reach that amount. Me also
Jandie
@tech40 (23128)
• Philippines
30 May 16
Yeah I agree and I also hoping that they also have btc as payment method because nowadays many people are starting to use BTC as payment method,..
thatsjvl
@jvincent_129 (4994)
• Philippines
30 May 16
What is BTC? I think we are not using that.
thatsjvl
@jvincent_129 (4994)
• Philippines
30 May 16
@tech40 Seems interesting. Still not familiar with that.
Jandie
@tech40 (23128)
• Philippines
30 May 16
@jvincent_129 Bitcoin, some people use bitcoin to get their money online because it doesn't have Transaction Fee
Bhem
@JustBhem (70555)
• Davao, Philippines
30 May 16
Me too, I don't have issues with PayPal when transfering.
thatsjvl
@jvincent_129 (4994)
• Philippines
31 May 16
From paypal to local bank account? Howd you do it?
1 person likes this
thatsjvl
@jvincent_129 (4994)
• Philippines
31 May 16
@JustBhem It has fee right?
Bhem
@JustBhem (70555)
• Davao, Philippines
31 May 16
@jvincent_129 I linked my Local bank account to my Paypal. So the moment for example myLot pay me it will automatically transferred to my Paypal then I will make another transfer to my local account.