Is a fee charged when myLot deposits to your paypal account?

United States
January 25, 2007 6:25am CST
Just curious because someone sent me money on paypal before, $50 and $1.75 was taken out of it. But I transferred it to by my bank and I wasn't charged.
1 person likes this
5 responses
@emeraldisle (13145)
• United States
11 Feb 07
If you have a premiere or business account then yes you are charged a small fee when ever you use your paypal account to receive money or to send money, as in a purchase. Just transfering it to your bank account is free however. So something to be aware of for in the future.
• India
28 Jan 07
yes if you have a premier or a business a/c with paypal,you are charged for receiving payments.rate is defined in the website.where receiveing money in persoanl paypal a/c is free.thanks
• United States
25 Jan 07
I am charged for every payment I receive through PayPal .. I think I pay about 4%, or perhaps 4.5%. However, I need this option for my businesses, and PayPal is the easiest way for a business to process credit card payments online. So, I don't mind what it costs me. I'm sure it will be a problem for those who are doing this for a little extra money at mylot.com. That is sad.
@wasim989 (2302)
• India
25 Jan 07
NO money was charged when mylot send me the money and you can see the transaction on my blog at http://mylotreallypays.blogspot.com where you can see I receive the whole amount.
@raghwagh (1528)
• India
25 Jan 07
No there is no fee charge when myLot transfers funds to paypal account.My last payment was transfered fully.I had received 14.11$ on myLot and same was transfered in paypal without deducting any fee.Also the balance showed same thing.My be paypal may be charging fee based on amount transfered.