Do you cashout right when you meet minimum payout?
By lilybug
@lilybug (21107)
United States
December 13, 2007 5:52pm CST
Do you cashout right when you meet minimum payout at your sites? Or do you wait until you have built up some money?
I always cashout right away the first time I make payout. After I know that a site pays then I wait longer to cashout. I can cashout at a few places right now, but I am waiting.
2 people like this
9 responses
@makatas (1098)
• Greece
14 Dec 07
I havent cashed out my earnings yet, because i am relatively new and thy arent enough yet.But i am sure i will cash out at once when i reach minimum payment.I will do this because you never know what might happen - what if the site is down, or i dont know.Better be sure than lose your earnings later.
2 people like this
@aconites (768)
• United States
14 Dec 07
the first time i cash out at the minimom but after that i set a hight numer and i forget about the money cause i know my self if i have money in hand it would be spent.. lol thats why i treat the site as my personal bank ...
@Sungolian (377)
• United States
14 Dec 07
I HIGHLY disagree. The bank is a safe place for your money. These websites can close at anytime. Read their TOS and 99% of the time it says they can quit their business anytime they want to. Cash out and then put your money in the bank.
1 person likes this
@lovespecialangel (3632)
• United States
14 Dec 07
I generally cash out as soon as I reach the minimum. If I wait, I don't wait too long. Most of the time it's because I need the money. Although, I don't make much. Any suggestions on how I can make more?
1 person likes this
@keminem001 (779)
• Saint Lucia
14 Dec 07
i havn't reached minimum payout but i know when i do that i WILL CASHOUT RIGHT AWAY!!! you never know what will happen the next day. the money will always remain in your paypal account when you cash out but if you wait then mylot will hold on to it for you.
1 person likes this
@nmhschic2004 (1238)
• United States
14 Dec 07
I usually dont cash out at minimum payout unless i absolutely need the money. I try to save it so if something comes up and i need money then i will have it. Right now im working on all my sites every day (since im on maternity leave) and im cashing out at the end of the month.
1 person likes this
@aleeming1 (163)
• Canada
14 Dec 07
I don't know yet as I have not made it to the minimum yet. But I guess yeah I will cash out as soon as I do. However long that takes. I guess you have to have a lot of time on your hand.
1 person likes this
@chunter (1759)
• Singapore
14 Dec 07
Yes I do usually cashout when I meet the minimum payout...
However, for some sites that I have joined for more than a year and that they are paying, I usually wait longer for it to accumulate...
Its easier to withdraw larger amount than to withdraw many small amount....
1 person likes this
@Sungolian (377)
• United States
13 Dec 07
No don't wait. You never know when a website might close or go out of business. Take your money whenever you can! I know a friend who set his payout on a site for $500 because he already got paid before so he trusted them. However, the suddenly disappeared one day! My friend had over $150 sitting in his account that he could have cashed out before. Always, always, ALWAYS! cash out right away.
1 person likes this