How much have you set your payment minimum here?
By asr999
@asr999 (236)
China
June 8, 2008 1:23pm CST
There are 4 options: 10$,25$,50$,100$.
How much have you set it? ^_^
We can more easily get paid if we set 10$.
What are the advantages if one set his/her payment minimum 100$? what I can think of is that it will take a long way to reach such a large amount. :(
Thank you very much for your ideas.
Happy posting.
2 people like this
15 responses
@luvstochat (6907)
• United States
8 Jun 08
I have my minimum set to the lowest payout amount of $10. I like being able to get my money right away. I can always leave the money in my paypal account but I have had sites shut down before they finished paying so I take my payouts as soon as I can on any site I do.
1 person likes this
@snowy22315 (181961)
• United States
8 Jun 08
I would love to set my payout at $25.00,but I know realistically I would never reach that in a month.I have it set at 10, because I'm sure I will be somewhere between ten and twenty dollars by the end of the month. I am striving for 15.
1 person likes this
@shamsta19 (3224)
• United States
8 Jun 08
Good question. I put my minimum up to $50 in the hopes of bigger payouts. I haven't reached $10 in any given month yet so I'm thinking of lowering to 10 dollars. Its a learning process. Now if I can make that ten dollars things would be rolling
@myliezl0903 (2726)
• Philippines
26 Aug 08
hi there! i just set mine with 10dollars minimum payout.,Ü i just want to get paid every month thats why.,Ü
@5mayday (1053)
• Norway
8 Jun 08
I only set my minium payout to 25$ and hoping to reach to that payout within this month. I dont see much advantages to set the amount higher either, but I think that person who set their own minium payout to 100$ must be really active and love mylot XD
1 person likes this
@98765m (1017)
• India
9 Jun 08
Well,I have set 10 $ as the minimum pay out.I think almost 90 % of the mylotters would have kept the same.
Well,I think 100 $ would be of more help in money bookers.I don't know about money bookers and so I can't say sure of that.
May be other minimum pay outs such as 25 $ ,50 $ and 100 $ can be used to stimulate you to reach the minimum pay out and thus earn much more.
I am not so sure of any other benefits as my knowledge with regard to money bookers is pretty much limited.
And yes,I do agree that if you keep 100 $ as the minimum payout ,it will take you at least 3 to 4 months for a normal mylotter to reach it.Well,if you earn more and are in mylot almost full time you can reach 100 $ more quickly.
Cheers! Have a good day
Happy mylotting and happy earnings.
1 person likes this
@figjam00 (1445)
• India
9 Jun 08
I have set my payment to $10 its because I want to see if mylot really pays me. I am on mylot for over a month and nearing to my payout. After getting my first payout I will set my minimum payment to $25 because $10 is such a petty cash. I am sure I will spend it the day it comes to me. With $10 you can hardly buy any goo stuff. And speaking of $100 I will set it if I start earning $1 a day. So lets see what happens?
1 person likes this
@fortknox75 (842)
• Philippines
9 Jun 08
hello asr999, I set my payment to $10. That's the minimum amount we can choose so I chose that. I don't see any advantage of setting or choosing your payout to a higher amount. It's better to get the payout earlier, unless there are other incentives or bonus that we will get from setting our payout to higher amount. Cheers!
@metschica25 (5399)
• United States
9 Jun 08
Hello, I have mine set for 25 at the moment . I would like to have it to 50 , but then i would have to wait till Aug. and that just seems to far off . Once you get it , it must be like starting all over. I am a newbie , and have not got a paymet yet.
Good luck and happy posting !!
1 person likes this
@Timothy31 (649)
• United States
9 Jun 08
Mine is currently set at $25. I had it set to $50 but i thought that would probably take me several months to get to that limit.
1 person likes this
@elisa812 (3026)
• United States
9 Jun 08
I always keep my minimum payout at $10. I feel like that way I have a much better chance of reaching the payout each month. I know that I'm still earning the same amount either way, but I just feel like it's more encouraging to see money going into my paypal account more often. I tend to lose motivation if I feel like it is taking me forever to reach payout, so that's why I keep mine lower.