Minimum payment
By ayumitakashi
@ayumitakashi (4462)
United States
August 24, 2008 6:46pm CST
So a while ago I put my minimum payment up to $25 but now I've decided to put it back down to $10. The reason is that I am going to need whatever money I get from mylot and from some other sites for college. I realized that this year is going to be harder what with the economy and everything. And plus I'm not even working. So I'm going to lower the minimum payment down.
What is the minimum payment that you guys have?
5 people like this
14 responses
@monkeysay (228)
• Singapore
25 Aug 08
$25 is way too much. I rather get $10 payouts, even though a percentage will be deducted by Paypal every transaction.
1 person likes this
@ayumitakashi (4462)
• United States
27 Aug 08
Yeah I'm realizing that now. But when I get paid by mylot i don't really get a deduction. I get the whole thing.
1 person likes this
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah it is fun to come here and chat and have fun. The money makes it even better. I like to come on here and share my ideas with everyone else and to learn from other people new things.
1 person likes this
@dolce_vita78 (8062)
• Philippines
25 Aug 08
Hi there ayumitakashi!
When I started here at myLot, my minimum payment was set to $25. Then I realized that it wasn't that easy to earn that much in a month's time. So I decided to set it at $10. One day, I have observed that the Peso-Dollar exchange rate was decreasing so I again set it back to $25 so that when I get paid, I will definitely have more. It so happened that this was also the time when I got higher earnings on a daily basis. Then came a time when I knew I can't work out to earn as much as $25 a month because I slowed down a bit on my myLot activities. So again, I set it back to $10.
1 person likes this
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah I agree with what you did. And I know that I might be able to reach $25 but what if one month I need that money as an emergency or something. I'll rather just leave it at $10 for now. And then I'll probably bring it back up during the summer because I don't really do anything during that time.
@julyteen (13252)
• Davao, Philippines
25 Aug 08
i set minimum payout in $10 before and i didn't change it until i got paid 3 times with more that my minimum payout. Now i reset my minimum payout to maximum payout of $100, i am hoping that i will reached that amount before November this year, i don't know yet if i can but i will try my best to reached my maximum payout within this year.
@ayumitakashi (4462)
• United States
25 Aug 08
Right now I think it's best for me to leave it at $10 because school is about to start. But when school finishes I'll probably raise it because I don't really spend too much money during the summer. $100! That is a big goal to make. But I am sure that you will make it. Good luck with that.
1 person likes this
@MommaBast (83)
• United States
25 Aug 08
If $10 is the lowest, that's where mine is. I figure I might as well get it while the getting is good. Besides, the payments I am working towards here and on a few other sites are already earmarked for things. I work from home so I do this in my spare time. I figure if I can hit min payout every six months I'm doing good.
1 person likes this
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah. $10 bucks can be used for a lot of things. It's not much but at least it's something. $10 is good enough to buy me metrocard or enough to buy myself some lunch for two days or even three. Take care and happy mylotting!
@supitzsammy (15)
• United States
25 Aug 08
I put 10.00 pretty much for the same reason that you have.
1 person likes this
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah have a great day and happy mylotting!
1 person likes this
@danishcanadian (28953)
• Canada
28 Oct 09
I have often thought about elevating my minimum payment, but as yet I'm happy with $10. It's nice to know we have that option.
@seabeauty (1480)
• United States
25 Aug 08
Mine is set for $10.00. I am not working either so I know how that is.
1 person likes this
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah and school is about to start so I am pretty scared about my finances for when I enter college again.
1 person likes this
@lordwarwizard (35747)
• Singapore
25 Aug 08
$10 of course!
I ALWAYS (barring special situations) choose the minimum sum for payouts.
The logic is really simple for me. It doesn't cost me anything to receive money in my paypal account so why should I want to wait for more money to accumulate at myLot (or anywhere else)? There is no interest here, you know?
Money received in my paypal account is my money for sure (unless paypal folds up...) so it always feels safer for me to get the money out.
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah your right. But the thing is that when I get money in my paypal I tend to waste it on stuff that I don't need. But now I am going to try my hardest not to give in and just wait for when I really need to use the money.
@princessa200145 (616)
• United States
25 Aug 08
i dont have 1 i have been doing this for 2 years i have not even made 10.00 or been paid not even once i just enjoy socializing if money was a factor in this i would be not even making the minimum at all never
1 person likes this
@ayumitakashi (4462)
• United States
25 Aug 08
Wow 2 years? That's a long time. I enjoy socializing too and the money makes it even better because it helps me out a little bit here and there when I need it. Happy mylotting!
1 person likes this
@PearlGrace (3171)
• United States
25 Aug 08
I've opted for the least minimum payment we can get paid for, which is $10. That way, I'm pretty much assured I'll get a little something every month, at least for now, since I've been getting on myLot almost daily. It's nice to know that just a little bit of money will be flowing in, when so much is flowing out. Glad to hear you are in college, ayumitakashi. That is great.
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah. It's better that way because I have $10 to look forward to each month. Happy mylotting!
@dont_pick_your_nose (2279)
• Australia
25 Aug 08
I did the same thing on my first mylot account it was set on $25 but after that account was deleted on me at about $22.00 US i thought it would be better if i set it lower and just followed the rules after all i can always leave all the money i earn from these sorts of sites to build up in my paypal.
@ayumitakashi (4462)
• United States
25 Aug 08
Oh yeah that's good. I didn't think about that. What if my account gets deleted? Hopefully not but you never know. I'm better of with the $10 right now. Happy mylotting!
@richiem (3644)
• Philippines
25 Aug 08
I have set my minimum payout to $10 ever since I joined myLot. I don't
think I can reach $25 and $100. Right now, I am getting only about
$11 per month.
For this month, I don't think I will ever reach the $10 payout. I have
$5.88 in my account and I will be absent in myLot for the rest of
the month.
have a nice day!
@ayumitakashi (4462)
• United States
25 Aug 08
Oh ok. Yeah right now I haven't been earning as much as I used to earn. But right now I'm going to try and work harder to see what I can earn and get for next month. Good luck on your earnings for next month.
@WATARIKENJI (1534)
• Philippines
25 Aug 08
Hi ayumi, my goal is $10 monthly and I will be getting my first payout this month after 3 months. Hope to post more to earn monthly. Kinda busy these days.
@ayumitakashi (4462)
• United States
25 Aug 08
Yeah I know how that can be. Since school is starting I'll probably be really busy too. But hopefully I'll at least have some time to post a bit here in mylot. Congratulations on reaching your payout.