What Happens If I Don't Reach The Minimum For Payout?
By M.-L.
@MALUSE (69413)
Germany
November 3, 2019 10:17am CST
No 7 from 'myLot Earnings Program - Frequently Asked Questions (FAQ)':
Q: "How much money do I have to earn before you will pay me?"
A: "At least $5. Any myLot user with accumulated earnings greater than or equal to $5 by the end of the month are eligible for payout the following month."
---
I've studied the Guideline Rules attentively but haven't found the answer to the question "What happens if we don't 'accumulate earnings greater than or equal to $5 by the end of the month' "?
I haven't reached $5 neither in September nor in October because I was away on holiday. In September, I would have needed 5 cents and in October 35 cents more to reach the payout limit. This hasn't happened to me up to now, so I don't know the answer.
Will the earnings of the two months be added and will I be paid the result on the payout day in November or will they fall through the cracks and disappear?
---
I think it would be a good idea if the information concerning such a situation were added to the FAQ.
17 people like this
16 responses
Now I badly want a cappuccino.
@GoAskAlice (5807)
•
3 Nov 19
Your earnings simply accumulate until, by the last day of any month, you have at least $5. If you had more than $5 in your bank at the end of October (as you almost certainly did), then you should be paid that amount on or before the 15th November.
There are a number of things which I think could be made clearer in the Earnings Program FAQs and this is one of them. I am looking at updating/rewriting the page at the moment (when I get a moment!).
2 people like this
@pgntwo (22408)
• Derry, Northern Ireland
3 Nov 19
Earnings roll-over each month until you get to $5 or more, at which point payout occurs, using the accrued total on the last day of the calendar month in which you hit $5.
Payout normally hits your PayPal by 15th of the month following payout month.
Simple, but it catches many out.
P. S. I trust your travels were enjoyable 
1 person likes this
@paigea (35680)
• Canada
3 Nov 19
I rarely earn $5 in a month. It just accumulates until I do have $5. I have never lost any of my pennies.
Here are two paragraphs from Terms of Use Agrrement that add a little information.
Any myLot account without activity for greater than 6 months, risks the forfeiture of any accumulated myLot Earnings, at the sole discretion of myLot;
An account will not be eligible for payout of accumulated myLot Earnings until those accumulated earnings exceed $5;
2 people like this
@porwest (78761)
• United States
3 Nov 19
The way I have always understood it is that the minimum is $5 no matter when the money is earned. For example, let's say in October I earned only $4.99 I would not get my payout on the 15th of November. But if I earned only 1 cent during November I would get paid my $5 on December 15th.
1 person likes this
@porwest (78761)
• United States
3 Nov 19
@MALUSE Not strange at all really. You do not qualify for a payment until you have accumulated a minimum of $5 in your bank. As soon as you have at least $5, no matter when the earnings occurred and regardless of in what time span they were earned, you qualify for the payment and it is rendered in whatever month you qualify for the payment.
1 person likes this
@hereandthere (45651)
• Philippines
3 Nov 19
earnings are carried over to the next month. if you have 4.95 by the end of sept and 4.65 by the end of october, you'll receive both amounts when payments are sent out this month.
@andriaperry (116860)
• Anniston, Alabama
3 Nov 19
Oh yeah, it rolls over into the next month.
1 person likes this
