Earnings and payout
By bdugas
@bdugas (3578)
United States
May 29, 2008 5:33am CST
Can someone tell me if Mylot has a certain day it cuts off the payouts, like maybe it ends on a certain day before the end of the month so they can calculate how much you made or does it run to the very last day of the month, before they count your payout.
Or if you dont' make payout then on the fifteenth, do they not add anything to your account and it goes on till the 15th of the next month, does anyone know how this is done?
6 responses
@dpk262006 (58675)
• Delhi, India
29 May 08
It is the last day of the month, which is taken as cut off date for calculating earnings. If you are able to make more than ten dollars by the last day of any month, you are paid the amount by 15th of the succeeding month.Else, your earnings are carry fowarded and the moment you touch the ten dollar level, your pay out is made. Best of Luck!
@Ldyjarhead (10233)
• United States
29 May 08
No, that last line is not correct. You do not get paid immediately when your earnings hit $10. You still have to wait until the next payout cycle, on/before the 15th of the next month.
@dpk262006 (58675)
• Delhi, India
30 May 08
I think, I more or less stated the same thing. Thanks for further clarification.
@celticeagle (159058)
• Boise, Idaho
9 Jun 08
Well, that is all certainly confusing. So, I guess, you get paid either the next month or the month after. Hmmm!
@plumwish07 (4057)
• Indonesia
30 May 08
depend on my experience mylot will pay us till the last earning that we had in the end of month. after that will be in the next payment schedule.
it means your earning in May 1st will be accumulated till May 31st and will be paid before June 15th. Your earning on June 1st will be accumulated till June 30th and will be paid before July 15th. Thats the scheme of mylot payment but you should notice if you don't reach payout in a month the it will be accumulated to your earning in next month till reach minimum payout in mylot.
i wish its clearly enough for you and please correct me if i am wrong in this matter
@winterose (39887)
• Canada
5 Jun 08
the cut off date for the payout is the last day of the month,
if you make it you get it before the 15th of the next month,
if you don't it rolls over to the next last day of the month, and if you make it you get it the 15th of the following month and so on.
@Ldyjarhead (10233)
• United States
29 May 08
Your earnings for the month stop at the end of the day on the last day of the month.
They will continue to accumulate in your account here until payout is actually made, but you will only be paid for the amount that you have made at the end of that last day. The remainder will show as earnings for that following month.
The time frame from the last day until payment is actually made on/before the 15th of the following month is what they use to finalize calculations, check for scammers, etc.
Bottom line: If you have your payout level set at $10 and you earn at least that by the night of May 31st, you will see that amount in your PayPal account on/before the 15th of June.
Whatever you accumulate from the 1st of June until the end, you will be paid on/before the 15th of July, provided you meet the minimum payout.
