Payment

United States
April 27, 2008 12:14pm CST
This may be a dumb question and may already know the answer to this but if I do I have forgot it. This is for the people who already have reached payout and recieved payment form mylot. When you do reach payout is there some kind of service charge form mylot or Paypal to recieve the payment? I don't have any experience with Paypal so I was just wondering if I am supposed to get a 10 dollar payout if I will get the full 10 dollars or will some of it be taken out? Thanks.
2 people like this
5 responses
@ESKARENA1 (18261)
27 Apr 08
as far as i know there isnt one but there is if you take the cash from paypal to your regular account
• United States
27 Apr 08
so they do charge you to cash the money form your paypal account? How Much?
@nowment (1757)
• United States
27 Apr 08
For those with a standard paypal account there is not a charge, and no mylot is not charging you for a pay out they are paying you. If you have a business account for paypal, say for those who recieve payments regularlly like ebay sellers or people who have some kind of business, that they get payments often enough that paypal then charges for the service and won't let you use paypal unless you sign up to have to pay for the service, ie upgrade account. So if you don't have business, running, then no you will not be charged by paypal. Your payout will be exact. if you go on to paypal you can find a section there that explains all of this. I have gotten payments from mylot in the past though I have not been on much lately and I did not have to pay a fee to paylot, I began selling items on ebay and was forced to upgrade my paypal account so I do not know if mylot's payment will be charged a fee by paypal, however a friend sent me a money transfer, they didn't pay me anything they were gifting me money and I had to pay a fee to paypal to recieve the money in the paypal account. So I won't know til I reach pay out but I figure I am likely going to have to pay that fee for mylot as well.
• United States
27 Apr 08
great, thanks for the response.
@luvstochat (6907)
• United States
27 Apr 08
Mylot does not charge you anything to send you your earnings. Paypal it depends on what type of account you have if you have a personal account they don't charge anything but if you have a business account they will charege you a percentage.
@debu1456 (519)
• India
28 Apr 08
if u have a personal account with paypal...then nothing will be deducted....
@qdietz (244)
• United States
27 Apr 08
I am wondering if taxes apply, Even if they do apply you would probably get close to 10$, definitely over 9. I cannot be sure of this as I am quite far from cashing out
• United States
27 Apr 08
I have not heard anything about taxes