If you have payout on paypal, would you cash it instantly?

United States
April 14, 2009 7:53pm CST
So, if you got paid from one of your registered online paid - to programs, will you instantly cash out from paypal, or would you accumulate a certain amount to cash them out?
2 people like this
10 responses
@cheenlly (3477)
• Philippines
15 Apr 09
No, not immediately unless my earnings is already reach $100. Usually i withdraw my earnings on paypal when it reaches $100 or more but if it is lower the amount i set up i just save it and wait for my other earnings to accumulate $100. However if i badly need the money i cash out what's in my paypal balance. Happy mylotting!
@eichs1 (1934)
• Philippines
15 Apr 09
I usually wait until I can accumulate around $80-$100 before transferring money from Paypal. Here in our country, Paypal charges around $1.00 for every transaction involving less than $150. Some banks also collect service fee on top of Paypal charge. To avoid paying too much on charges, I have to wait for bigger amount before withdrawing.
@se7enthbird (8307)
• Philippines
15 Apr 09
no i dont cash out my earnings i just let it stay at paypal, then i will use it to buy something from the net. if i transfer it to my bank account there will be a fee of 5 dollars so i rather spend that on buying some goods online. i am only a member of mylot so the earnings are just small so no need to cash it out. i enjoy buying small things with it on the net.
@owntuilp (422)
• China
15 Apr 09
yep,if it is so big i will cash it instandly,and u?
@Theresaaiza (10487)
• Australia
15 Apr 09
I'm afraid not. I'm still on my second month of payout and I couldn't cash it out because I had to have a debit card first. Now I couldn't get one as of now because I need to get a Social Security ID which I don't have at the moment. The entire process is actually easier thought-of than done.
@prinzcy (32322)
• Malaysia
15 Apr 09
Of course I do. Since I am international member, Paypal will charge me the fees to withdraw the money. It'd $5 for Personal Account. If I accumulated that amount, the fees won't cost so much since the fee is only per withdraw, not the amount that we want to withdraw.
@timhinyy (1653)
• United States
15 Apr 09
definitely would put in into my account right away i mean that is what we do this for trying to get to a level to get a payout and its fun too but once you have the payout no sense in leaving it there. i think they have some money market thing on paypal but its not enough for me to leave money in there to accumulate. once i get paid from anything from sites to online selling i send it to my account right away so i can make the best use of it.
@Jennlk84 (4206)
• United States
15 Apr 09
For me it all depends on what I have planned for that money. For example last month I was paid 53$ into my Paypal account from www.destroydebt.com . It was my only paypal payment I received last month, so I decided to immediately transfer it to my bank account to use towards my credit card bill. This month I had a 13$ paypal payment from Destroy Debt. I am leaving it there until I reach other payouts this month, including a payment from Mylot. At the end of the month though/beginning of next month, I will transfer my paypal balance into my checking account.
@yinmm007 (605)
• China
15 Apr 09
I think if i got my first money from mylot i would instantly cash out it.This is the first time i earn money by myslef first time.It has great significance for me.Haha.
@harmonee (1228)
• United States
15 Apr 09
It depends on the amount. I usually wait to get a little bit ($50 or so) since they charge the fees to transfer it, but I won't ever use my paypal account as a savings tool. I figure I can move the funds into a savings account and gain some interest while it sits there.