What should be the nature of the account?
By Bangalorean
@Bangalorean (1282)
India
February 21, 2007 1:02am CST
I have just reached a decent earning in mylot and now would like to get my payments. when I was opening a account in paypal, it asked me the nature of the account.
Inorder to receive payments from paypal, which of the nature of the account is neessary
1.Personal Account
2.Business Account
3.Premier Account
2 people like this
3 responses
@brielevan (238)
• Indonesia
21 Feb 07
All nature account you listed are able to received payment into your paypal account. If you have an online business and want to use paypal as your payment option, you should go with business or premier because you have more benefit. But it will cost you for maintenance fee. Otherwise you can use personal account where there's no fee.
You also need to verify your account if you want to cashout your account.
2 people like this
@creativedreamweaver (7297)
• United States
21 Feb 07
When setting up your paypal account, you would select the personal account setting. You cannot get paid until myLot pays though. They pay on or just before the 15th of the month, for the month prior. Therefore, you will recieve everything you earn in the month of February on or before March 15th. I hope this helps you understand how myLot pays.
2 people like this
@dradelelassy (1208)
• United States
21 Feb 07
i suggest to start with personal account because no fees will be deduced from money you recieve through paypal
