Ok a Mylot Payout question??
By steffyhoney
@steffyhoney (706)
United States
March 21, 2008 11:16am CST
Ok I was just wondering if you make it to $10 do you have to cash out right then? Or can you do it a little longer and try and get to say like $15 then cash out? I know there are other limits and I dont know if I could make it to $25 before I have to have it. But I did want to try and go as far as I could before cashing out. So can I set it at $10 then work my way up to $12, $15, or $17 then cashout? Thanks
5 responses
@mythmoh (3984)
• United States
21 Mar 08
Set the payout to the $10.though you earn more than the limit you will be paid the whole amount you earned over the minimum limit set by you.If you earn say $12 at the end of the day 31st of march then you will be paid $12 by mylot on or around 15th of april.No need to request payment.Your money will be automatically deposited in your paypal account.Happy earnings.
2 people like this
@bcote212 (1112)
• United States
21 Mar 08
Mylot actually calculates your payment at the end of the month. You have to have a minimum of $10 to reach a payout but if you have more that that at the end of the month you will be paid out whatever amount that you reached by the end. You dont actually "cash out" or request payment with mylot, this is all done automatically.
2 people like this
@theproperator (2429)
• United States
21 Mar 08
Mylot calculates payouts based on what you have in your account on the last day of the month. If that amount is over your minimum (either $10 or whatever higher minimum you set) then you will get everything that is in the account as of that day. It will be sent to you in the first half of the following month. You don't "request" payout on this site, it is done automatically every month.
So, if you already have $10 in your account as of today. You still have until the end of the month to add onto that total, and that is what will be sent to you.
@steffyhoney (706)
• United States
21 Mar 08
Oh I see. Well I guess I got a lot of working to do then lol. What if I dont hit $10 til April 1st? Will it go to the end of the month then too? Thanks for your responce.
1 person likes this
@theproperator (2429)
• United States
22 Mar 08
Yep, if you don't have that $10 by midnight of the last day of the month, everything rolls over and you have to wait until the following months payout for your total.
The FAQ in the myLot tab at the top right of the screen probably explains it more clearly than I have, if you sitll have questions.
@mylesnarvaez (5451)
• Philippines
22 Mar 08
as others may have mentioned, our earnings are accumulated each day towards the end of the month and we qualify for pay-out when we reach the minimum at the end of the month. pay-out is on or before the 15th of the following month.
which means all your earnings from march 1 to march 31 are added together. if you have at least $10, and you set your pay-out at $10, then you qualify for pay-out on or before april 15th.
we can set the minimum cash out limit to $10, $25 etc. if you don't want to cash out at $10, i suggest you do it at $25. but you'll have to wait another month to be able to cash out again so think about what you want more before deciding on which pay-out limit to set.
i have experienced before that i set the limit at $25. but by the end of the month, i only got $22.85. i didn't want to wait another month before cashing out so what i did is to change the limit from $25 back to $10 on the last day of the month. that way i qualified for pay-out.
goodluck to your pay-out. :)
1 person likes this
