Do you cash out as soon as you reach payout?

@MZKUMA (705)
United States
March 28, 2009 1:36am CST
I use to let my cash add up to have a bigger payout. However, with so many sites going under....or getting over I cash out at the minimum. The economy is a hot mess and sites are closing or have closed. So What about you? Do you cash out at minimum or go for a larger payout?
2 people like this
11 responses
• Philippines
28 Mar 09
I usually go for larger amount considering that there has been extra charges when I requested for a transfer from paypal to my local visa card. It is helpful to have extra earnings before requesting a payout for reasons that I can have more also to withdraw from.
2 people like this
• Canada
28 Mar 09
You have a really good point. If you wait for the larger sum then you only get charged the once from paypal and it ends up being cheaper. I don't request it to my local visa so I don't have those extra charges; thank goodness! I just transfer it directly into my bank account from my paypal account. It is also true that large sums of money are way more useful. I'm too much of a scaredy cat of the economy right now. I don't trust that I'll get my payout... so I'll stick to minimum payout.
1 person likes this
• Philippines
17 Apr 09
Yep. I had two pay outs from two different sites. I requested immediately when I reached the minimum pay out. I just want to make sure that all my hard work will pay me off. I cant see no reason to wait for a while, it will not make a difference for the next coming earnings I might gain. Happy mylotting!
1 person likes this
@MZKUMA (705)
• United States
17 Apr 09
Makes sense to me.
@lazeebee (5466)
• Malaysia
28 Mar 09
Yup, I usually cash out at the minimum, as I like to see the money paid into my paypal or alertpay accounts!
@MZKUMA (705)
• United States
31 Mar 09
It can sit in PP until years end for me. At least I know it's there. Thanks Laze for your input.
@chiyosan (30217)
• Philippines
28 Mar 09
no.. i would have it stayed at my account for a few days until it reaches a certain amount - as long as i can make the amount bigger, the better for me because i will pay for the same amount of withdrawal rate.
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
I understand Chiyaosn. I don't think I've been on a site that charge a withdrawal fee. I've read a couple of response that referred to fees of some sort. Thanks for your reply.
@bluemars (952)
• Australia
28 Mar 09
Yes I agree people now a days are freaking out about the whole economic thing and so it is only natural for people to opt their choices to suit their own current situation. It is not easy for many people right now but at least we can hope and still have some faith that things will get better with time. I think many people are praying a lot at the moment.
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
I do believe things will get better Blue. Every little bit helps. Which is why I try to earn a little online monthly. However, it is disappointing when you reach a payout and (worse when you've allowed it to accumulate) and the site gives all kinds of excuses of the delay until they just ignore you. Next thing I know my account had a zero balance. 10.00 and some change,but that's in the past. Lesson well learned. Thanks for responding.
@ahslack (486)
• Singapore
28 Mar 09
Hi there,personally i prefer to cash out at the minimum payout as i feel that the money would be safer inside my own account.
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
I feel you. I will let it accumulate in my PP acct. Thanks Ahslack. Your response is appreciated.
@pengbubu (1015)
• China
28 Mar 09
I will cash it out as soon as it reached the minimum payment. I think it will be safe with money in my pocket, haha! I am joking, it's just a habit. I'd like to.
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
It's a;ways good to have a little cash in your pockets Peng. My problem is keeping it there. Thanks for your feedback.
@Monkeyrose (2849)
• Canada
28 Mar 09
I do cash out at the minimum payout usually. This is because it takes me a long time to get to the minimum payout. If I waited for a larger payout I wouldn't be paid for over a year. I tend to be super active for a month and then I dwindle. SOmetimes I won't even post for a couple months. I also agree with you that a lot of sites are going under and I want to get my hard earned cash while I can. I learned that the hard way with boomertowne. I really do hope that mylot stays around for the long haul. I enjoy having chats on here and even heated debates. Its also a great place for advice. The payout is just the very sweet icing on the cake!
@MZKUMA (705)
• United States
31 Mar 09
Appreciate your response Monkeyrose. You sound like myself. Takes forever to reach payout.
@j47lee (741)
• Canada
28 Mar 09
I like my payment as soon as i reach payout... it makes me happy that at least i got paid for all my hard work.... aww... now im waiting for this months payment.. hurray for mylot...
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
I will reach my first payout soon. I don't have the extra time as in the past to work online, so my time here is less than desired. Won't be too long though. Thanks for responding J47.
• Australia
28 Mar 09
I cash out at minimum. Evan at mylot. It's not that I don't trust mylot, it's just that I would like my money received faster. :) With sites I am not so sure about, I will always cash out at minimum.
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
I so understand Pweety. Thanks for taking the time to respond.
@elsoft12 (1825)
• India
28 Mar 09
If its a first payment by the site,then I would definitely request payout as soon as I reach the payout.And I would do it most of the most even otherwise.But with some sites,which I trust,I dont mind having my earned funds,since Iam sure Iam not going to lose them.
1 person likes this
@MZKUMA (705)
• United States
31 Mar 09
Elsoft, I thank you for your response. I was curious if I was being too careful. You just never know.