What is your minimum payment here?
By pinkytabor
@pinkytabor (818)
Philippines
October 2, 2008 11:48am CST
Which option do you think is better for minimum payment? I chose $50 before so i can withdraw one time and not keep on coming back just for $10, but i have heard from others that $10 is better because it will spare you from future deductions, just in case. Which do you think is better?
2 people like this
12 responses
@James72 (26790)
• Australia
2 Oct 08
I have set mine at $100 pinky just to give me a challenging target to reach! I have actually never cashed out in the entire two or so years I have been a mylot member though so am happy to just let it keep on ticking over. Maybe one day it will grow to a sizeable amount and I can do something interesting with the money. There is no PayPal for Egypt either so I am waiting until I move again so I can set up a PayPal account. When I have done this I will probably start cashing out regularly.
1 person likes this
@pinkytabor (818)
• Philippines
2 Oct 08
What about Moneybookers? I guess i will set mine to $100 too. Actually i did before until i was advised by someone to make it $5o so i wouldn't have to wait long. But i also like the challenge of having a target and set myself a deadline. I am not even half way yet on reaching that amount but i know i will get there soon. Thanks for your response.
2 people like this
@pinkytabor (818)
• Philippines
2 Oct 08
That's also a good idea to let your payment stay in PayPal until you can withdraw a higher amount. I might think of doing the same thing too in my Moneybookers. Thanks for sharing.
1 person likes this
@mtsandeep (1586)
• India
2 Oct 08
My minimum payment is set to $10
. I need the money in my paypal account as soon as possible. I don't think choosing $10 will spare the future deductions.
Mylot does deduct some amount from your account when the discuaaions get deleted. But they will do this even if you choose $10 or $100.
Normally the deductions are done with in two or three days( thats what i feel).
Even if they pay us, we have some money left in our account.
. I need the money in my paypal account as soon as possible. I don't think choosing $10 will spare the future deductions.
Mylot does deduct some amount from your account when the discuaaions get deleted. But they will do this even if you choose $10 or $100.
Normally the deductions are done with in two or three days( thats what i feel).
Even if they pay us, we have some money left in our account.1 person likes this
@Barb42 (4214)
• United States
2 Oct 08
I had never thought about future deductions. I would have thought deductions were taken quickly if a discussion was wrong, deleted, or comments were deleted, long before payout. But maybe they have a point. But I do take mine at $10, although it's never been just $10. I just like getting the little bit of money monthly rather than waiting 3 or 4 months.
1 person likes this
@lilcee (2703)
• United States
2 Oct 08
I chose $10. I like to get it quicker and $50 just seems so long to get. It probably isn't any longer but it would seem like because you would have to post a lot more. I like the lower amount. I guess I get too impatient. I like to see it added to my paypal once a month.
1 person likes this
@Gwapako_28 (2140)
• Philippines
3 Oct 08
well, right now, mine is $20. but $10 is okay too. actually i got my minimum pay-out of $10 twice. i just choose $20 lately and i am still waiting for it...goodluck and have fun here in mylot.
@pinkytabor (818)
• Philippines
3 Oct 08
Hi there. Is there a $20 minimum payout here? I think it's $25. That sounds like a reasonable amount though. High enough to keep the challenge to write on and safe enough just in case of what they call a "cybercrash."
@derek_a (10874)
•
3 Oct 08
I have always kept my minim payment to $10, because on the Internet, you can never know what's going to happen to a site. It may be going along quite well one day, then suddenly it goes down. If I haven't too much money in the account, then it doesn't matter so much, but if it's $10 or under, whilst it would be annoying, it wouldn't be the end of the world.
@shell94 (990)
• Canada
2 Oct 08
I think this is a personal choice. I don't think that it matters either way, just totally depends on the person and what they prefer.
@paid2write (5201)
•
2 Oct 08
I like getting paid every month so I stick at the minimum. That is just my personal decision.
I know I can reach the minimum amount in a month, and I would rather have $10 or more each month arriving in my PayPal account. Then I can withdraw it to my bank account and spend it.
I could be waiting many months to reach a bigger payout. It would not give me the motivation to post enough to reach the minimum before the end of each month.
@rup011 (725)
• Germany
2 Oct 08
It took me almost 3 months to reach 10$. I cannot even imagine about 50$. I have reached only this month. If I get paid it will be my first payment. Once I get paid I will understand this site is genuine and this will give me more confidence. But still I may increase my payout limit to $50. I would suggest you to get paid first atleast once. Online sites can close at any point of time. A bird in hand is worth two in a bush.
@sirrob (4108)
• Philippines
2 Oct 08
i reach payout in the first month that i became active here and i am waiting for my second payout in my second month of being active. myLot is a LEGIT paying site and if you go to my website you'll see proof of payment from myLot for my august participation. when you're in my site, go directly to "my niche", you'll see it on the nav bar. no offense intended, but as you have said it that sites may close at any given time, so why set it at a higher payout if that's the case may be. would you think it is wise to set it at the lowest minimum? i thought about what you said long time ago when i started with this online stuff, and since there's no guarantee for them to stay long so i made my decision in a safer side.
@pinkytabor (818)
• Philippines
3 Oct 08
Hi rup. thanks for your suggestion. I will definitely try to get paid first. This is a sound idea.
@sirrob (4108)
• Philippines
2 Oct 08
once you set your payout at a certain amount then you don't have to keep on coming back for it. not sure what do you mean when you said on keep on coming back. since payout is auto in your account whether it is paypal or moneybookers. you just have to do your thing here in myLot to earn and once you reach payout then you do nothing but to continue writing something. but in my opinion, i set mine at the minimum amount so as to be at the safe side when cyberspace crashed, you'll only have to worry about $10 and not $25, 50 or 100 in your account.
@pinkytabor (818)
• Philippines
3 Oct 08
Yes, very true. I think your idea is what my friend actually meant of "being safe." It is no about deductions but just in case of cyberspace crash. I totally overlooked the fact that payment is automatically delivered to paypal or moneybookers account. Thanks a lot!
