How can I transfer my earnings to my bank account?
By sr0415
@sr0415 (1140)
Philippines
August 5, 2007 10:10am CST
Hello everyone! :)
I need your help here, especially to those who have already received their earnings (most especially to Filipinos here in myLot). My earnings have not yet reached the minimum of $10 but I'm looking forward for that day I received mine. =)
On Monday, I will open a bank account at BPI Family Savings Bank exclusively for myLot earnings. :) I've learned that our country, Philippines, is not among the countries that can use PayPal as a form of receiving earnings. So, I have to opt to moneybrookers. I do not have yet an account there because I have to process opening a savings account first before signing up an account at moneybrookers.
I just want to ask the following quesitons:
How long does it take for your myLot earnings to transfer to your bank account? When you make the transfer, does your dollar earnings automatically be converted to Peso? Is there any charge when you trasnfer your myLot earnings to your bank account? And how much? Is BPI a good bank account for myLot earnings? Or if you have any, what's the method that you use to receive your earnings?
What is the 'payday' here in myLot? (I've read in myLot FAQ that it's on the 15th of the month. I just want to be sure by hearing from all of you.)
Can you please help me out? Or make any testimony here with regard to receiving our myLot earnings?
I would greatly appreciate every response!
Take care everyone and God bles! \(",)_
1 person likes this
12 responses
@cefaz_21 (2596)
• Philippines
6 Aug 07
hi there! I just made an account to moneybookers too since e-gold is no longer acceptible,as far as I can remember they did not ask for my bank account yet, I think they will only need your local bank account when you have funds already and will encash it, So I guess you can go and open an account in moneybookers.
1 person likes this
@sr0415 (1140)
• Philippines
7 Aug 07
Hi cefaz_21! :) Yes, I saw that discussion awhile back. I've been browsing about it and saw the $2 fee. And if I remember it right, you had also comments on those discussions. (Were you the one who said that you'll just accumulate your earnings first before withdrawing the money because of the charge?) I'm just not sure if you were the one who posted that. *hehe*
Thanks for the help! :)
@lingli_78 (12821)
• Australia
6 Aug 07
mylot does pay on the 15th of every month if you had reached the minimum... i had been paid 4 times before and waiting for the 5th ones... so you can rest assured that they will pay you... they transfer the money directly to paypal and from there you have to transfer it yourself to your bank account... the charge is $1 for under $150... but if you transfer more than $150, then it will be free... and yes, you have to open a bank account first before you can have a paypal or money brooker account... good luck...
1 person likes this
@jhanna (334)
• Philippines
6 Aug 07
I'm from the Philippines I have a Paypal account and recently registered to Moneybookers too. This is also my concern since I a newbie here. When I register to Moneybookers, it asked me to enter the SWIFT code. My question is, what banks are affiliated with Moneybookers?
1 person likes this
@unisis (1673)
• Indonesia
6 Aug 07
I do not know the paymnent processor what you are using ,when you have reach 10 dollars mylot will pay you the next month so if you make 10 dollar by the end of August ,you will be paid on or before September 15th if you don't make it till September you will be paid on or before the 15ht of October,Mylot transfers the money into your e-gold or paypal account ,you can see at your E-GOLD or PAYPAL account, your balance will change ,you need to browse the merchant /exchanger E-GOLD OR PAYPAL after that you can sell your money to them,
it takes about 1 to 3 days. Mylot does not transfer the money to your bank account ,your payment processor does so I guess merchant would be transfering your money so it depends on how long they take, hopefully this helps a little to you
@ladysurvivor (4746)
• Malaysia
6 Aug 07
I am not from Philipines but I am using moneybookers too. Here in Malaysia mylot transfers the money into moneybookers automatically. After I see that money is already in my moneybookers account, I will transfer it into my local bank account. I use Maybank. It takes only five working days to transfer the money into my bank account. I think it is easier if you choose an option from moneybookers, to choose money you receive to be converted automatically into Peso's for you. So you don't have to worry about converting dollars into Peso's when you want to transfer into your local bank account.
Pay day in mylot is on the 15th or earlier than that, it depends on mylot itself. Last month I got my payment on the verge of 12th July, earlier 3 days from the supposed 15th of July. Mylot is very efficient in payment, and the only thing you have to make sure is handle the moneybookers so that you will be able to receive payment on time.
Good luck. Happy posting and I hope can receive your first payment soon!
1 person likes this
@amitavroy (4819)
• India
6 Aug 07
well as far as i know you get the whole amount in your pay pal account. so after that you hav to ask them to send a cheque. but the min aount i think is about 350 dollars.
@jayalaksmi (1039)
• India
6 Aug 07
I have not yet reached my payout limit as per my knowledge when i will reach payout limit i will first transfer it to paypal and then transfer it to www.xoom.com and i also recommend you to give a try to xoom because from xoom you can withdraw through check starting from 10$ to your country itself and i know that it also includes philippines. So you can try it and best of luck.
@cassidy22 (2974)
• United States
6 Aug 07
IF you make the minimum payout by the last day of the month, Mylot will send the money before the 15th of the next month to your paypal account. once it's in paypal, you can transfer it to your bank account yourself, for free. But your bank account must be registered on your paypal account for paypal to make the transfer for you.
Again, mylot won't send the money directly to your bank account, you need to open a paypal account,and mylot will send it there for you.
1 person likes this
@no_chao (548)
• Philippines
6 Aug 07
im a pinay and i havent recieve my first payment here in mylot but im working on it so im afraid i cant give enough info but one of my friends here in mylot told me about how she got here payment. she's from cebu and she gave me her number so that i can phone her whenever i need her help. if you want you can send me messgae so i can give her nomber to you. i think she can be a big help to you..
^_^
@senthil2k (1500)
• India
5 Aug 07
In some of the countries, where you cannot link your bank account with the Paypal, then you can get the money in paypal through the site www.xoom.com. Check that out.
Mylot pays every 15th. No doubt about that. The charge to transfer the money from Paypal to your account might vary on how you transfer.
