Cashing out?

Spokane, Washington
August 18, 2009 8:20am CST
hello everyone I have been sitting here all night working on my Money making sites and I started to wonder if I am the odd man out, because I like to wait to cash out on my sites until I have accumulated a nice chunk of change. so do you cash out the minute you reach minimum payment,or do you let it gather up a little before you decide to cash out?
3 people like this
11 responses
18 Aug 09
Depends on the amount, some companies I work with require me to earn $50-$100+ before they'll send me the money, I don't have a problem waiting for this amount, I've set up Cash Lagoon to send me my payments right away, this saves me checking the website every time a refferal signs up or whatever to get my $0.25 sent to me. With websites like NeoBux, I like to wait until I have a nice amount of money before requesting it, a lot of people just want to earn money quickly, so they'll take $0.10 if they can.
@zearah (5341)
• Philippines
18 Aug 09
Yes, I am.
@zearah (5341)
• Philippines
18 Aug 09
Right after I reach the minimum payout instant I request for my payment. We could not be sure what would happen next. Some legit sites who are currently paying might turn to scam only after a minutes. Better to get your money early when you can do it.
1 person likes this
18 Aug 09
It really depends on what websites your using, the companies I work with aren't going to "turn into scams".
1 person likes this
@zearah (5341)
• Philippines
18 Aug 09
You might be correct in some aspect. Yes, I believe in what you say. How about a tickbar? Did you hear about this? I am earning while using the internet. They will promise to pay their affiliates $1 every end of the month times the number of people joined under your down line and so on and so forth until sixth degree. A sample computation they presented is a possible income of $100,000 in a certain level of referrals build. I would be thankful to hear your suggestion and comment on this. The details in my blog. Please if you have free time to visit.Thanks
@pupupd (1516)
• India
18 Aug 09
Even I used to have a same opinion like you that I will first collect a good amount and then request cash out, but nowadays the rate at which new sites are coming up and becoming scam within 4-5 days, I have changed my concept and decided to cash out immediately as I reach payout, I don't trust any of the sites. I have very few which I trust a lot but even there I cash out as soon as I reach payout nowadays. It is better you also do the same, or you might regret later.
2 people like this
@BuffMom (2215)
• United States
18 Aug 09
I always wait for my balance to accumulate. The only time I don't is when I just signed up at the site and its my 1st payment and I want to post it on my blog for readers to see that the site is legit.
1 person likes this
• Spokane, Washington
19 Aug 09
yeah I have been thinking about doing that as well..I have a few payment proof from about 4 different sites on my blog and my website but I would like to get more payment proofs up so I think I will cash out at a few of my sites even though I have not accumulated much :)
@kittenclaus (1393)
• United States
18 Aug 09
Considering how many sites come and go I always cash out as soon as I reach the minimum. I would love to be as trusting as you and let it grow. If I had my choice I'd grow it all year and do a one time a year cash out. I'm just too afraid to do it that way. I figure if I earn a little before a site goes down and I've not invested I'm good. There are a couple of trusted sites I have invested in and am doing very well but I still hit that button once I can. I hope it all works for you, what is your biggest cash out you've ever gotten doing it this way?
1 person likes this
• Spokane, Washington
19 Aug 09
yeah I know a lot of sites turn out to be scams,but I figure if they scam me out of just a few pennies oh well..but I usually stick to trusted sites that have been around for awhile. my 2 biggest payouts were mt first to checks one was for $39.90 and the other was for $38.98
• United States
18 Aug 09
I'm not a member of any site that allows immediate cash-outs...they all have a minimum payout level and the month you reach it, they pay out, or they are sites that payout earnings every month...no matter how much you've earned. I also do a few survey sites where there is a minimum (usually $5) and I let them build up to $15 or more before requesting a payout.
@sacmom (14250)
• United States
24 Aug 09
I'm like you and like to watch my earnings build a bit before cashing out. It makes it more worth while to get $25 or more than to get the minimum payment, at least to me anyway. As it is I currently have my payout set to $50 on here. It may take me a while to reach it, but it makes it that much more exciting when I do get it. Happy mylotting!
@AmbiePam (51159)
• United States
20 Aug 09
No, I'm like you. Now this month I am cashing out at the minimum payout on mylot, but that is because I need that money for something next month. But usually on all my money making sites I wait before cashing out, whether it be money, or points that can be redeemed for money and prizes. There is something very satisfying about waiting until one has enough cash or points to get something really good.
@smileonstar (4012)
• United States
19 Aug 09
Mostly I want to make sure the site that I am working on is pay, then I will try to reach to payout as soon as possible and then I will think more later about that site.
@rayne2008 (143)
• Philippines
19 Aug 09
If I am new to the site, I cash out everytime i reach the minimum payment. Then once I am used to it, I let my money grow. If there are no charges sending it to my paypal, I withdraw it everytime I reach the payout rate.
@gerl2723 (68)
• Ireland
19 Aug 09
well me my plan is when I earn 100USD then thats the only time to cash out to save 1$ charge.
@rosekiss (30308)
• Eugene, Oregon
18 Aug 09
I usually ask for payout right after I get it. I fel that if something happens that at least I will get my payout. I really don't have to worry about that with the sites I am doing, but it has happened, and I just don't want to take the chande that I won't get it so that is why I ask for it. I do though add a liitle to it to compensate for the paypal fee that is taken out of some of the sites that I do. I will maybe put a few more cents onto the amount so that I can get the full paout whatever it might be. Good luck to you and happy mylotting.