Another Payout Question!!!

United States
September 25, 2008 7:31am CST
Ok, as most of my friends know, I had set my payout for $25.00. Well, today I just changed it back down to the $10.00 minimum payout. So when the payout comes and I am at about $25.00 or so... Will MYLot send me only the $10.00 that I have it set for. Or will MYLot send me all of it. And bring My total balance down to a zero? Does anyone know?
4 people like this
18 responses
@foxyfire33 (10005)
• United States
25 Sep 08
You get everything you earn by the last day of the month no matter what your minimum is set at. You could earn $50 a month with a $10 minimum and you'd get the full $50. Your account won't go back to zero though. On October 1st, your earnings will show your full amount for September but by the time they do payout the earnings amount will show September's earnings combined with what you earned so far in October. On payout day, September's earnings only will be taken out leaving earnings from October 1st until the previous day.
2 people like this
@lilybug (21107)
• United States
25 Sep 08
That really confused me when I made my first payout. I thought that myLot had forgotten to cash me out since my money was still there.
2 people like this
@foxyfire33 (10005)
• United States
25 Sep 08
Right, it will never read zero...unless of course you don't post at all from the 1st until after payout! How many posts it makes is really tricky to answer. First of all they don't like it when we give to many details and secondly because it varies so much between users depending on quality. The best answer I dare give is to figure out what it takes for you to average 33-34 cents a day, that's the amount you'll need to do everyday to reach $10 every month.
2 people like this
• United States
25 Sep 08
Ok, so.... It keeps adding up until about the 15th of the following month.. then we are cashed out around the 15th for the previous month... so never a Zero balance... How many posts a day does it take to make the 10.00 payout on a monthly basis?
1 person likes this
@chiaeugene (2225)
• China
25 Sep 08
i am new too. this mean that Mylot will automatically credit my paypal account once i reach the minimum payout amount without me instructing it to do so? am i right? if that the case, then it would only be an advantage for me to set the min. payout as low as possible. why would someone want to set it high? to snowball and enjoy a bigger payout in the next few months? i am also wondering what is the highest amount one would get from MYlot? i believed most are paid under $20/-. anyone got any idea if it is possible to get a $50/- or $100/- payout in a single month?
2 people like this
@webeishere (36313)
• United States
25 Sep 08
If you make your set minimum amount by the last day of the month myLot adds the amount automatically to your account. This usually occurs on or about the 15th of the following month. HAPPY POSTINGS FROM GRANDPA BOB !!~
1 person likes this
• United States
25 Sep 08
I am still pretty new myself. As I am just now about to make my first payout... But I think it is possible to make like $50.00 in a month if you post and start a LOT of discussions.. and have several referrals under that post a lot also.
1 person likes this
@lilaclady (28207)
• Australia
25 Sep 08
You will be sent all you have made up until the last day of this month and you will be paid on or around the 15th of next month....
• United States
25 Sep 08
So then I will be at a zero balance.. Man that is scary it took me a log time to make payout! Maybe I have gotten a little bit faster.
1 person likes this
@GardenGerty (160978)
• United States
25 Sep 08
I am sure others have probably already answered you, but I will add my two cents worth. MyLot will pay you everything in your account, provided you reach the minimum payout you have listed. So, if your minimum is $10 and you earn $24.99 you will get $24.99 and start all over from $0 after that. You just guarantee that you are getting everything there by setting the lower payout. It is really to your advantage to move it over every month, if you set your Pay Pal as Money Market. Then you earn a few cents interest on that same money.
@GardenGerty (160978)
• United States
25 Sep 08
PayPal runs a little different than an actual bank would, I like it better. All that I can see is that it pays me a little bit of interest on my average balance every month. I guess maybe if a person was completely emptying their Pay Pal every month, it would not matter, but I use mine seldom, and so I always have a balance. It is the best place for me to save money as I do not even realize it is there half of the time. I believe there is a tab for it in Pay Pal.
1 person likes this
• United States
25 Sep 08
I really need to know more about a money market account. I have not ever had any money in one.. what can you tell me about that?
1 person likes this
• United States
25 Sep 08
Thanks so Much GardenGerty I will have to check into a little more. I appreciate your telling me all about this! Looking forward to your next hub!
@corngrass (727)
• Malaysia
25 Sep 08
From what i know, you will get whatever you earn if you had reach your minimum payout by the end of the month. By the 15th of the next month you will be able to receive your payment. By the way, congratulation for your achieving.I on my way toward my first payout.
2 people like this
• United States
25 Sep 08
It feels like it has taken me a very long time to make the 25.00. But it sure will come in handy when I get it!!
1 person likes this
• Poland
25 Sep 08
Okay! I'm Poland and i have PayPal ! will they pay me out ?
2 people like this
• United States
25 Sep 08
As far as I know they will. I am still sorta new here too!
1 person likes this
@shana123 (2095)
• India
25 Sep 08
Hi yes , this is an international site where people from all over the world are paid through paypal only.. so your eligible to receive payment from this site so cheer up , no worries :) All the best for you here :)
1 person likes this
@carolbee (16230)
• United States
26 Sep 08
MyLot will pay you anything above the $10 payout rate. If your payout rate is back to $10 and you earn $40 in one month, you will be paid the $40. This is if the amount is a total of $40 the night of the last day of the month. I increased mine to $25 so I haven't had a payout since July. October payment will be a nice amount.
1 person likes this
• United States
26 Sep 08
It will come in handy I am sure! I had it set at the $25.00 now I have moved it back tot he $10.00. I like the idea of the PayPal Money Market account. Collecting interest! So I am going to check in that a bit more! I would love to know if some are making $40.00 a month every month here at MYLot, I would think that they have a lot of good referrals !!
@winterose (39887)
• Canada
28 Sep 08
you will get all of it, and if you only had 10.00 you would have gotten that,
1 person likes this
• United States
28 Sep 08
thanks so much Rose! I am glad to hear that I will be getting all of it... I Earned every penny LOL
@Mitraa (3184)
• India
25 Sep 08
Many thanks fo this important topic! By crossing the set payout value, you are new born and liable to get the payout! Thanks for this nice posting!
1 person likes this
• United States
25 Sep 08
your very welcome!!! Have a great day!!
@checapricorn (16061)
• United States
25 Sep 08
[i]Hi Louise, I guess it will be send out to you, whatever you will earn until the 30th...Then the money you will earn from the 1st of the month until 15th will be your balance for the next month! In my case, I always set it to $10![/i]
1 person likes this
• United States
25 Sep 08
Yes, I set mine back to $10.00 also it is just so much more obtainable!
@ellie333 (21016)
26 Sep 08
Hi Louise, Whatever amount over the $10 you have accumulated up to the end of the month will be paid so if it is $18 you will receive $18 but until the payout day it will still kepp rising so may go up as high as $27 but you will only be paid the $18 that was up to the last day of the month and the other $9 will be a great start towards the next payout. Hope that made sense. Ellie :D
1 person likes this
• United States
26 Sep 08
It does make sense! Thanks so much! I am guessing that there are some on here that are very fast typist that make at least $30.00-$40.00 a month.. not me!LOL
@walijo2008 (4644)
• United States
26 Sep 08
I think they will give you whatever amount you had the last day of the month, if you had 25.00, by the last day of the month, thats what you will get. I know on the last payout, I had 15.44 on the last day, and after starting a new month it was still on my earnings and I think I had 16 something dollars when they put the 15.44 on my paypal account. So I must of had 15.44 on the last day of the month and that's what they gave me. If that didn't confuse you, sounds like I'm just babbling..lol.
1 person likes this
• United States
26 Sep 08
I think that I got it LOL Thanks so much!
@Opal26 (17679)
• United States
26 Sep 08
Hey louise! No they will send you all of it that you have made for the month of September. The minimum amount is only there for you in case you would have only made $10 and not more than that. Some people like to test themselves or don't want to be bothered with just a $10 payout. I keep mine set at $10. I always go over that amount, but still keep it set there. You can make $25 and mylot will still pay you $25. The minimum is just there for you to gage yourself. Mylot will not pay less than $10 in any given payout. So don't worry, you will be getting whatever amount that you have earned for the month of September or however long since you haven't been paid. I have been paid twice so far which means I have made payout each month since I started here in July. This will be my third payout and they all have been over the $10 minimum.
• Belgium
25 Sep 08
I also have a question if i reach my 10 dollar minimum payment will it go of to my balance immediatly? or do i have to wait till the 15th? thanks in advance.
1 person likes this
• United States
25 Sep 08
I do believe that if you read some of the responses in the beginning of this discussion you will get a very clear answer!
@webeishere (36313)
• United States
25 Sep 08
They send the full amount earned that month as long as it is over the selected minimum amount you set. HAPPY POSTINGS FROM GRANDPA BOB !!~
1 person likes this
• United States
25 Sep 08
Thank You Grandpa Bob! Hope that your dad is mending nicely!
@suspenseful (40192)
• Canada
25 Sep 08
You will get paid the $10 plus anything after that you made for that month. So if you made $15.00 you will get paid that. You can change your mind until the end of the month. You will also get paid on or around the 15th of that month. Yes I know about setting the payment too high and not making it. I did that. So I set mine back to $10 as well. It is much easier getting paid once a month then waiting for two. And it is hard to make more than the minimum payment when you are working at a job, and doing other things at the same time and cannot get on myLot as often as you want and cannot think of good things to write about.
• United States
25 Sep 08
So true. I have been at a loss several times of what to write about. yes, I had to change it back tot he $10.00 I was getting good advice about the PayPal account and saving my money there!
@kean28 (226)
• Philippines
25 Sep 08
you'll get all of it i think...my sister is an active member of mylot and she gets all of her earnings even if she sets it up to $10 minimum...
1 person likes this
• United States
25 Sep 08
Ok Sweet. I want it all! LOL and I will get it all! Welcome to Mylot how ya liking it here so far?
• United States
25 Sep 08
They will send you hte full amount you have earned up to that day. That will zero out your account and you will start over. That is why I have mine at $10. I should be able to make payout by the end of the month. I'm only .37 away from that. Hope that helped.
1 person likes this
• United States
25 Sep 08
You keep answering all my discussions and you should not have any troubles making payout at all! I reset mine back to the 10.00 payout it is just much easier to get to.