reached payout but want to wait

@ishi23 (71)
United States
March 27, 2009 5:45pm CST
Hello Guys, I have reached my minimum payout of $10 was wondering how can I get this money also, is it necessary to take the money now, what if I want to it to accumulate more and take it next month. Is there any penalty for not taking out the minimum payout money. Also, is there any service fee for using paypal?? I wanted to get the check from paypal , not comfortable sharing my bank account or credit card info with them...Is is it possible to get check? Thanks to all and good luck!!!
2 people like this
15 responses
@chookie1971 (2274)
• Australia
28 Mar 09
As other people have been saying, to receive a higher amount from mylot, you can set your personal minimum payout figure. When you reach the payout figure, it will state that you have reached it and tells you when you will be paid. As for paypal, they act as a middle party between seller and buyer. The reason why paypal has been set up is so that you don't have to give your banking details to every one you come into contact when money is exchanged. For example, if you were a seller on Ebay, paypal is handy because you don't have to give every buyer your banking details. My husband has used paypal when buying from ebay, it is fast and effective way to pay for things without obtaining banking details from the seller. Even I have used paypal for purchases as well. Paypal is a financial body just the same as banks. They have committed to a service that under the privacy laws that they are not allowed to give out your banking or credit card details to a third party. You can choose to build up money in paypal for any online purchases or have it transfered into your bank or credit card. I didn't use paypal for quite some time. I was like you that I didn't trust paypal. Today, I am glad that I have paypal and that I should have signed up alot of sooner. You can remain uncomfortable with giving banking details or credit card details to paypal if you wish. I am not here to convince you that paypal is safe when it comes to you financial details. I just want to share with you my opinion about how I feel about Paypal.
@ishi23 (71)
• United States
28 Mar 09
You really gave a detailed response to my question.....Th is fist time I am doing something like this online so don't know too many things. So did you open premier account or the normal one?? I do not have a account, I think I shoul dopen my account so that mylot can transfer my money.
1 person likes this
• Australia
28 Mar 09
I have a normal account. And it is verified as well with banking details. I have transfered money into my paypal through the paypal site, but haven't done it in reverse. I am going to wait until have over a certain amount because it is free to transfer it. If it is under the amount they have stated, they charge a fee. But I probably would use the money online more for ebay.
@sajuman (1854)
• India
30 Mar 09
It is up to you that take your money now or later.There is no penalty by doing this.Paypal is free and when you withdraw money from paypal only you have to give a certain service charge to them..If you wish to withdraw money from paypal it is not a good idea..Accumulate in paypal and withdraw.. thanks
@ishi23 (71)
• United States
30 Mar 09
I wanted to know if its OK to accumulate money in the Paypal? I don't want to attach my bank account or credit card to paypal. Also, what kind of paypal account do u have? is it personal or premier?
@jpso138 (7859)
• Philippines
28 Mar 09
Well, you can just increased your payout to higher than $10 if you don't want to get paid by the end of the month. Simply choose any higher amount. In so far as paypal, there is no charge the moment you receive the money from mylot. When mylot pays, it will be delivered to your paypal account. You however can then transfer the money to your bank account or to your debit card if you have one. But you cannot do this unless you are paypal verified. So you have to verify your paypal first before withdrawing the money from paypal. Paypal does not issue a check.
@ishi23 (71)
• United States
30 Mar 09
I just tried to raise my minimum payout , but failed to do so as I it requires a paypal email which I don't have. I wanted to do some more reading on paypal before I open the account. Is it OK to let my money be with mylot for some more time.. Also, what kind of paypal account is suggested? personal and premier
• India
28 Mar 09
Hi, First and formost let me congratulate you for reaching your minimum payout limit. Now according to me there ought not to be a penelty fee if you dont want to withdraw now and as my friend have already told you in the last response that you can raise the bar high so that your minimum level too becomes higher. I hope this answere and clears your doubts. Larry
@chiyosan (30208)
• Philippines
28 Mar 09
i suggest for you to just wait a bit so you will expect more money from your pay out... just get the money to you bank account, at least you can follow up with your bank regarding the money you are supposed to get than a check.. but of course it is your choice still.
@kiran8 (15402)
• Mangalore, India
28 Mar 09
Hi, how long have you been a member of mylot? and how is it that you have reached your payout with just 42 posts, i find that amazing ..is it for real or is there more to it?
• Philippines
28 Mar 09
hmmn, approximately how many days guys before you cash out/recieve you money thru paypal after monthend payroll here in mylot?
• India
28 Mar 09
Your amount will be automatically sent to paypal you need not send any mail or you need not remind them. I am sharing my bank account information with paypal i have not faced any problem till now you can also do it.
@punkster (52)
• India
28 Mar 09
how many days it took u to reach $10.....
@divinchris (2449)
• India
28 Mar 09
If your going to get some check I guess they will charge you for that.But on the contrary if you get directly to your bank account they won't charge any money.Paypal is a secure site,and you can trust it.
@meticulo (1286)
• United States
28 Mar 09
Wow! Congrats for reaching the minimum payout with just 38 post..Is this real? I was just wondering. How did you do it?
@rashmie (948)
• United Arab Emirates
27 Mar 09
But how you got the minimum payout limit with this number of posts...I think you must have completed too much task... You can enhance your minimum payout limit if you don't want to get money at this point of time...Paypal will give you check and online transaction whatever you wish for detail check paypal.......
• Philippines
27 Mar 09
There is no charges if you will not withdraw your money from your paypal account. . . With only 38 posts, I assume that you have many active referrals that you have reached the payout. Am I right?
• Australia
27 Mar 09
You get paid from paypal so that shouldn't be a problem for you. :) Go to preferences, and then payment settings. Change your minimum payout setting from $10 to $25, or something higher if you wish. If it ever gets to hard for you and you would like to take out the money you have now, just choose the option again for minimum $10 payout. :)
@winzpc (2356)
• Indonesia
27 Mar 09
You will get your payout automatically at the end of this month. So no need to send any email or pm to mylot admin. mylot will process the payout as what you reach at the last day of this month and you will see your money around 12th to 15th in the next month. If you want to accumulate into the next month. you must set your minimun payout again to larger than $10 in your preference page. For get check in paypal, I don't really know about it. Keep post Happy myLotting...