Do you allow your money to accumulate at Paypal or transfer to your bank account

Paypal - Money at Paypal
@smilyn (2967)
United States
August 29, 2008 6:29am CST
As far as I have reviewed, almost all PTC sites, PTR sites and forums pay the users through Paypal only. So there would be many users who get some money to their Paypal account periodically. If you are among them, how would you deal with the money? Do you leave your money at Paypal to accumulate till you reach a target? Or do you transfer the money to your bank account very often?
5 responses
@kurci1 (171)
• Australia
29 Aug 08
Very good use of your image =D. Anyway when I get cash from the website I use I normally put it directly into my bank account. I don't really like paypal and quite frankly don't trust them very much either, Almost straight away I get a payment straight to bank account. I've heard a few rumors about paypal. I don't receive that many payments so it doesn't really matter if I loose them. Have a good day =D, Kurci-
1 person likes this
@ryzach (1544)
• United States
29 Aug 08
What kind of rumours have you heard.
1 person likes this
@smilyn (2967)
• United States
2 Sep 08
kurci1 , do you think paypal would cheat us on the money..I'm afraid..
@razor123 (979)
• India
30 Aug 08
The amount i get in each time is not that much. so i would rather wait for a handsome amount to accumulate first and then transfer it to my bank account. At the moment i don't even have my bank account associated to my paypal as there is so little balance in it. So later on i would assign one account to paypal. Another point is each time that your transfer u get charged so best is send it all when it reaches the limit when your billed a minimum for transfering it to your account.
1 person likes this
@smilyn (2967)
• United States
2 Sep 08
That is right. It is better to withdraw the money after you reach the minimum amount set by Paypal to avoid the transaction fees. And it would be like a saving too. I also do not earn that much through online activities. So I leave my money to accumulate in paypal.
@oscar6 (1938)
• United States
30 Aug 08
I get money in my account accumulated from page views of my articles. I usually let the money add up to at least ten dollars sometimes even twenty dollars before I transfer it to my bank account. I only do it before when I think that I need some extra money. This is very rare, but sometimes its hard to make ends meet and every dollar counts.
@smilyn (2967)
• United States
2 Sep 08
That is true..Sometime each and every dollar may count. And you may need it very badly. But sometimes you will have money more than your requirement. But I think it is a good idea to allow the money to accumulate and use it when you are in an emergency.
@Ldyjarhead (10233)
• United States
29 Aug 08
I normally would leave the money in my PayPal account and use it just for the little extras I might want to get here and there, but I'm on a very limited income right now and need every penny just to get through the month. Right now all of my myLot earnings and from other sites is buying groceries. I hope one day soon I can start letting it build up again and use it to buy myself a little treat one in a while.
1 person likes this
@smilyn (2967)
• United States
2 Sep 08
In that case, every penny would be of great help to you. My best wishes to you to earn more through online activities...
@roxanne271 (2034)
• Trinidad And Tobago
29 Aug 08
Hi smilyn, Yes, I do let my money accumulate in my Paypal and Alertpay accounts before I request a transfer. I do this to avoid having to pay fees more than once for small amounts of money. I don't really have much of a target but I just let it go till I fell it has reached a considerable amount.
1 person likes this
@smilyn (2967)
• United States
2 Sep 08
That is true. For withdrawing small amounts, charges are deducted from our money. It is a good idea to avoid those charges, by leaving the money at paypal till it reaches the minimum free withdrawal amount.