I'm not withdrawing my earnings at mylot. How about you?
By Morning Girl
@salonga (27775)
Philippines
August 12, 2008 9:41pm CST
I've just received a notice on my second payout from mylot. Hurray!!! My first payout is still intact with Moneybookers and this second payout has been added to it. I believe I could save from service charges if I will just make a one time withdrawal when my payouts have accumulated big enough. Am I right on this? Anyone who has better suggestion. Do you withdraw your earnings each month? Please share?
6 people like this
19 responses
@agihcam (1914)
• Philippines
13 Aug 08
As far as I know it has a bracket from which the charge is computed so please see to it that it will goes into maximum bracket then withdraw the money in order to save the charge. This is cool and better decision for me.
Well, I do withdraw my money from paypal just to prove that I can have my real money into my local bank account. Now that I proved it, then I can do the same thing until it reach the maximum bracket to save the charges.
2 people like this
@salonga (27775)
• Philippines
13 Aug 08
Hi friend! Nice to hear from you! Thank you so much for that tip. So I have to check the bracket to see up to how much should I save in order to save on charges. I was also about to withdraw to prove (just like you did) if the money will go to my account but I changed my mind because anyway there have been so many positive testimonies here already and I think they are more than enough for me to believe.
Have a very nice day!
2 people like this
@vipulchawla (2220)
• India
13 Aug 08
I fully agree with you. Oh! Congratulations for ur second payout. It really feels nice to having been paid here and that too twice. I got my second payout in the month of July and even I have my first payout intact at paypal. I thought similar to you. Withdrawing money everytime you get a payout makes no sense when 5$ are deducted from ur earnings as withdrawal fees. I have a total of 22.41$ in my paypal account accounting a total for my first and second payout. And i am hoping to get my 3rd payout next month so then i can hope to withdraw my money that time.
I think getting around 34$ in hand as a toal amount out of which 5$ gets deducted, so that leaves me with around 29$ isin't a bad deal at all. What do you say?
Whats ur plan? Till when are you gonna wait till you decide to withdraw your money? And how much have you accumulated till now in your moneybookers account?
1 person likes this
@vipulchawla (2220)
• India
13 Aug 08
Ya, Paypal charges 5$ for getting our money transferred to either Bank account or to Credit Card. I am talking about India. In USA, they don't charge anything.
I don't know about moneybookers but its the opposite over here. I think they don't charge anything for amount greater than 7000Rs (somewhere around 170$) but anything less than that, it will be charged.
By the way, you are welcome..
1 person likes this
@salonga (27775)
• Philippines
13 Aug 08
So you get 5$ service charge with Paypal? But there are other countries like USA where there are no charges at all. I have just very few cents away from $40 and I have to check moneybookers bracket on service charges to assure that I won't get higher charges with bigger savings withdrawal. Thanks for dropping by!
2 people like this
@mialei23 (2385)
• Philippines
13 Aug 08
Hi salonga, congratulations my friend!.. So your using moneybooker? How did this work here in the Philippines? What bank..? I am using paypal account my friend, and I guess you know how hard this to process. Wish you the best! As of now, I wasn't able to withdraw my earning because I am working to have a eon card from unionbank here in the Philippines. Keep on posting!
1 person likes this
@salonga (27775)
• Philippines
13 Aug 08
Thanks my friend. My dear just create an account with moneybookers and easy step by step procedure is there for you to follow. No need to pay any amount. You just have to have a debit card or visa card. Go to their site and you will see it for yourself. Thanks for dropping by!
1 person likes this
@Bebs08 (10681)
• United States
13 Aug 08
Hi friend, That is a good idea not withdrawing your earnings until it will be enough for December party. I received my 3rd payment here in mylot just today in my paypal account. I am not withdrawing earnings since I started here. I just keep it in my paypal account.There is no charge for us here in the US if we will transfer from paypal to our bank account but I preferred to just keep it there.
It is a good idea to transfer it when there would be enough. Congratulations for your consistent pay out. Good luck..
@salonga (27775)
• Philippines
13 Aug 08
Oh thanks dear for that info. Well and good for you because you have no charges unlike here in the Philippines. I also have my paypal account by opening a cyber account with union bank as what you've taught me before but I am using it for another online site that exclusively pays through paypal. I want to compare their services so I purposely separate the earnings. Whichever is the best then that one I will retain.
Have a nice day!
1 person likes this
@jinxky (2248)
• Philippines
13 Aug 08
well for me basically if i reach my earnings, i will withdraw it right away. like for example, if i reach the minimum payout every month, of course i'll withdraw my earnings. i will not wait for the time that someone will get benefit about it.. hope you get what i mean hehehe.. it's just a warning, if you want to accumulate more earnings then go on, but for me i'll get it right away
@goddessofbeauty (713)
• Philippines
13 Aug 08
i dont think i could wthdraw my earnings because i have problems with my paypal and moneybooker's account. i have sent a pm to mylot but still unanswered. im still posting here even if that's the case cos im still having fun...
1 person likes this
@salonga (27775)
• Philippines
14 Aug 08
Oh that's too sad. But I think that would resolved soon. Why not post your problem as discussion here, maybe the users here could help you solve that. But I admire you because you are still posting for fun. What a nice attitude. Cheers!
@lingli_78 (12822)
• Australia
13 Aug 08
i'm not withdrawing mine as well... i just let it sit in and accumulates until it becomes a lot... i also want to save on the service fee and i make sure that i won't incur any when i withdraw the money into my bank account... take care and have a nice day...
@salonga (27775)
• Philippines
14 Aug 08
What are you using? Maybe its Paypal! I could see that you have already gone quite far in you posting. You must be having quite a lot earnings already. I'm happy for you! Well I hope you get more and more earnings here. Take care and have a nice day too!
@rsa101 (38166)
• Philippines
13 Aug 08
Well I also received my money already today. I already had a balcne from my previous payouts. This is my first time to experience how fast moneybookers will remit my earnings to my bank account. I decided to withdraw it since it is abotu $04 already and it has been in that account for sometime already so I decided to get it already. I am just waiting for the money to arrive in my bank account. Hope everything will be alright along the way.
Congratulations on your payout!
1 person likes this
@myliezl0903 (2726)
• Philippines
13 Aug 08
congratulations! thats a very nice idea! you can really save up the fees or charges if you'll just withdraw it one time.,best of luck and have a nice day ahead!!!
1 person likes this
@walijo2008 (4644)
• United States
13 Aug 08
I'm saving my earnings for something special too, actually I know what I want to buy, so I'll just keep saving it up till I have enough for it. It may take me awhile but I'll get there. I don't know anything about Moneybookers, I have mine in a paypal account and I don't think they have any kind of service charges, I haven't read about any. Have a good day
@salonga (27775)
• Philippines
14 Aug 08
It is really very hard to think of what to buy especially if the money is not yet in our hands ha!ha!ha! But it is always very enjoyable to think that sooner or later you will be having some good sum and you will be buying something special from that amount. And so you are using paypal too! Hope to see more of you around. Have a nice day too!
@Elixiress (3878)
•
13 Aug 08
I have not withdrawn my earnings either, because I use paypal and they charge £0.25 when you withdraw an amount of less than £50, so I am saving up until I get £50. I have earned that amount a couple of times from mylot and other earnings, but I tend to spend them straight from paypal rather than cashing them out. I need to get another £8 by the end of this month to cash out.
@Elixiress (3878)
•
14 Aug 08
You have to reach £50 not $50 for free payout from paypal, so that is the same as $100. Just thought I would clear that up lol.
@salonga (27775)
• Philippines
14 Aug 08
Bright idea! You can always wait to reach up to 50$ to save on charges. How nice to hear that you have been earning from here. It goes to show that mylot really has not failed anyone when it comes to payment. Thank you for dropping and hope to see more of you around. Cheers!
@torchablazed (3218)
• Philippines
13 Aug 08
I am nearing also to my first payout say a few cents now weee I am very excited on this, I think I would also prefer to do same as you did, not withdrawing to moneybookers, since I am using it as of the moment. I am just happy to know that your on your second payout, and not withdrawing it? That's a lot of money already ! hehe
What do you have in mind if you receive the goal you desire ? oh by the way, do you ind if I ask how much is that desired goal ?
1 person likes this
@salonga (27775)
• Philippines
13 Aug 08
So you are nearing your first payout too! That would be so happy of you when you receive a message from mylot that you earned enough for August to get payment and moneybookers will e-mail you too.
Well my goal is at least 200 dollars. That would be enough to buy one wonderful gift for my hubby this Christmas. Don't you think so too?
1 person likes this
@ivan2000bd (1009)
• Sweden
14 Aug 08
hi salonga ! its being a very good idea. you can save the money and after few months you will withdraw them then you will have a good amount. you can buy something or you can spent it in ur major usuals.can u please tell me the procedure that how can i receive my payment because i am very new here and i join here jecently. if you give me any idea it will be helpfull for me. by the way ia m from bangladesh. what would be the procedure??
@salonga (27775)
• Philippines
14 Aug 08
Well everyone has to start from the bottom. Don't despair my dear, I was like you when I was starting but see I am now on my second payment. Just keep on posting quality posts and I am certain you will soon be posting here about your earnings as well. Cheers and keep smiling!
@Modestah (11179)
• United States
13 Aug 08
I am not familiar with how moneybookers works - but if the service fee is a flat fee, then yes you are much better off to accumulate the earnings and take a larger amount out at each time.... this way you are accumulating more money and not more fees!
however, if the fees that money booker charges are a percentage of the amount withdrawn - then it might not make any difference.
@salonga (27775)
• Philippines
14 Aug 08
Right you are my dear. That's what I also believe. Meanwhile I am checking on the service fee to make sure I am not making a wrong decision. I am also waiting for anyone here who could give me clear idea on how moneybooker impose charges. I believe you use Paypal. Thank you for sharing. Have a nice day!
@salonga (27775)
• Philippines
14 Aug 08
I could see you are a newcomer! But surely you will soon get your first and so on and so forth if you will just keep on posting quality posts. I encourage you to do your best and all your efforts here will surely get rewards. See you around!
@neildc (17239)
• Lapu-Lapu City, Philippines
13 Aug 08
i guess it will be fine to save the money in you moneybookers account, make it bigger and only withdraw it when it is really big enough to buy or pay for something good. my account is in paypal and my two payments from mylot are still there. i still have no plans of what to do with my money but i am thinking of saving them until the end of the year. by then, i guess, it will be enough for something memorable to buy for myself. (neildc @ red/88/1572)
@salonga (27775)
• Philippines
14 Aug 08
So you too is planning to have it grow bigger. Well maybe by Christmas time it will the best time to withdraw. And you are using paypal my friend? Do you hold an account with Union Bank? I think they are the only bank from where we could withdraw our paypal savings. I opened a cyber account with them for another purpose. I would not want to maintain a savings account with them because their maintaining balance is too big.
@swennerholm (664)
• Sweden
13 Aug 08
Hmmm that good decision.I was join this mylot last week so no much earns yet .I think your idea is better dont try to change it.Your absolutely right .I think i will not withdraw my earnings untill it gets to 100 dollar so that i will save some service charge.
@salonga (27775)
• Philippines
14 Aug 08
So welcome to my lot my dear, I want to add you as my friend so that we can support each other here. Saving till 100 dollars is a good idea. You can already buy something big with that money. I wish you all the best and hope you accept my request for friendship. Cheers!
@salonga (27775)
• Philippines
14 Aug 08
Well I wish you will get it next month as you expected. Just keep on posting my dear and surely you will reach your goal. But make sure you are posting quality posts so that you will really earn from it. See you around and have a nice day!