Mylot and PayPal

@alexsis (2149)
United States
June 30, 2007 2:21pm CST
In July I will be receiving my first payout. I'm not sure if this question has been asked already or not, but I'm sorry if it has. I was wondering if paypal will take out a fee from our mylot payout? If so do you know the percentage? Thanks in advance!
5 people like this
11 responses
@cowgirl2701 (2081)
• United States
30 Jun 07
Paypal has never charged me a fee on payments from Mylot. Congrats on reaching your first payout. Hope you are enjoying yourself.
@speedy1279 (2667)
• United States
30 Jun 07
No unless you request your money from paypal by check. If you request a check from paypal. Then they will charge you 1.50 to send you a check. Then it takes about 6 to 8 weeks to get your check. But if you have a verified paypal account and you have entered your bank account info. Then it doesn't cost you anything to have your money deposited into your bank account. Best of luck!
4 people like this
@Kythe42 (1412)
• United States
30 Jun 07
I was paid last month and there were no fees taken out of my earnings.
4 people like this
• United States
30 Jun 07
Since you are in the US, Paypal should not charge any fees on what goes into your account from myLot (assuming you have a personal account, not a Premier account. Premier busines accounts are charged a flat fee for every transaction plus 3% of the transaction total. Don't get one unless you sell a lot of stuff online). If you leave your earnings in your paypal account or transfer it to your bank account, or get a paypal debit card, there are no fees at all. If you have them send you a check for the amount, it will cost you $1.50. Oh, and FYI, yes, this question has been asked many times before. :-)
3 people like this
@babostwick (2037)
• United States
30 Jun 07
To my knowledge, I wouldn't think so. I think the only way there is a fee involved is through getting a check from paypal. I'll probably just put it in the bank most likely.
2 people like this
• Canada
30 Jun 07
If MyLot says they owe me $12.99, for example, that's the amount that shows up in my paypal account. Let's see what happens in July. This is the last day of June, and I am hoping to hit $10. I just changed my paypal e-mail address to reflect the new American bank account I opened, because I want my payment to go there instead of the one originally specified. Let's see what happens.
2 people like this
@milott (2647)
• India
1 Jul 07
No, paypal will not take out any money from your mylot earnings at all. Even mylot will not charge you anything to transfer that amount to your account. But if you want to request payment from paypal to withdraw from it, they will charge some very small amount as service charge or postal charges, etc. that is not very big amount but a very minimal amount for transaction or postal charges, that's all nothing else they will take from your account, so don't worry and start earning as much as possible in mylot and other sites.
1 person likes this
@dopey22girl (3324)
• United States
1 Jul 07
No they will not. I know they do when you get paid through ebay or something, but not with Mylot. The only way you will be charged is if you want them to send you your money through a check or something. Other than that, there is no fee.
1 person likes this
@KrauseHome (36748)
• United States
1 Jul 07
Since you are from the US, no, they do not take out anything from Paypal when they pay us. That is always the nice thing. I have been paid every month since I signed up as a member here, and have been Happy with what I have always received. It comes in handy for when I am in between Paychecks with my regular job so that I can get Food, etc. I might need for work each day.
@banta78 (4334)
• India
1 Jul 07
Congrats alexis on reaching your first payout. I don't think paypal would charge you anything for the transaction. But if you want to withdraw money from your paypal account by check you should have balance of $150 for which they charge some account as service charges. BUt if you live in US and have verified bank account then will directly money to your account.
1 person likes this
• Canada
1 Jul 07
i dont think they take any but will try to find out for sure
1 person likes this