A few more questions

United States
February 17, 2007 8:00pm CST
i was just reading the faqs and i was confused by the statement about mylot not being responsible for any fees incurred during the payment process? what kind of fees are these? and if from paypal? i thought paypal was a free thing to use for buying or selling things online? does the non premier deal for paypal cost anything? are there fees to have the money put into a bank account? and if i refer a friend i get 25% of there earnings but what is there earning? is that monthly?
3 responses
• Philippines
18 Feb 07
i think there is a certain amount that we have to pay when we get our payment from mylot, and paypal or e-gold will cut a small amount for the payment processing, and i think this is normal , any bank can do that too. i think it is monthly, as of now i haven't receive a payment yet, i'll wait till march 15
@Kowgirl (3490)
• United States
18 Feb 07
All payment processors charge a fee. Paypal charges a fee (per transaction)that is taken out of your payment as soon as you receive it. The fee is less in a personal account. You can have 2 accounts at Paypal,personal and a business account. I have never been charged a fee to have money in Paypal transfered into my bank account. You can also apply for a Paypal debit card and earn cash back when you use it to make purchases at any store that accepts Visa cards. There is no charge for this debit card.I use mine to earn back the fees they charge for payments received.
• United States
18 Feb 07
good questions. I have no idea. Paypal is free.. I dont think the premier is free though. Their earnings will appear in your earning statement. I think you get to set how often you want to be paid, based on monetary amounts...(like 10 dollars, 25 dollars, ect)