Does PayPal charge anything for processing our payments from Mylot?

United States
October 28, 2007 9:05pm CST
I was just wondering. I have had a Pay Pal account for years but rarely use it. If I ever, LOL, finally make payout will Pay Pal charge a fee from it to process it. And if so do you have any idea how much they take.
4 people like this
6 responses
@hopejordan (3561)
• Australia
29 Oct 07
hi there BlueStarMom1 yes they do charge i fee but i am not sure how much just depends what account you have with pay pal if you have a bussiness account then they will charge a fee but if you have the one thats not a bussiness one then you wont be charged.
3 people like this
• United States
29 Oct 07
Thank you for the information. I do have a personal account so I was just wondering. Thanks again.
3 people like this
@usmcsgtwife (4997)
• United States
29 Oct 07
I always request a check from mylot and Iam pretty sure that pay pal charges a 1.50 fee tp process the check and mail the check to you
2 people like this
• United States
30 Oct 07
Thanks to everyone who has responded to this discussion. The information will be a help for all of us newbies. Mylots is a great place to learn new things. Thanks all.
1 person likes this
@AmbiePam (120697)
• United States
29 Oct 07
I don't believe paypal charges money to put the payment into your bank account, but if you want a check sent to you like I do, they take $1.50 out of your check to send it to you. I opt for the check because I set my payout at 25 dollars, so that's not much to withdraw from my check. I also like that they don't know my bank account information.
2 people like this
@shak143 (1279)
• India
3 Nov 07
hi BlueStarMom1 PayPal will charge for transacting our ammount from mylot to our bank account.it will cahrge 3% on the amount which your going to transact its minimum and also 15 cents as per best of my knowledge.
1 person likes this
@morgandrake (2136)
• United States
3 Nov 07
I use a personal account there, so I don't get charged to transfer money to my bank account. I also use the money market option, because occasionally I forget that I have money there. One thing about the money market option is that it lifts your monthly transfer limit, so that you don't have to opt for a business account if you need to move than five hundred in the space of a month. Or at least, it did with my account.
@janisvg18 (181)
• Singapore
29 Oct 07
I also have the same question... I'm new here in myLot. I don't have a PayPal account yet. I checked their website and there are fees & surcharges. I just don't know how much. I also don't know which PayPal account to open... Personal or Premier, but myLot recommends Premier...