How does a payment request work in Mylot?
By jj
@jjstream (313)
United States
March 27, 2009 11:26am CST
I was wondering how does a payment request work in this site. Lets say you specify the amount $10, $25, $50 or $100. Now, when you select an amount and you reach it by the end of the month does it instantly get credited to your paypal account or do you have to request the amount to be sent to your paypal account? Any input on this will be greatly appreciated.
5 responses
@siddharthlife (462)
• India
27 Mar 09
As has already been said, there is no need to explicitly request for payout. Just make sure to reach the payout amount, and mylot gets to work automatically. However, I suggest you make sure of the following:
1. Make sure you have entered your correct Paypal id for your payments. Your monthly payments will be sent to this id. You can modify, change or update this in your profile.
2. Make sure you set the limit as you wish, for getting paid. e.g. if you choose the limit as 10$, then you will be paid automatically once you have reached 10$. If you set this as 50$, then you won't be paid till you reach 50!
All the best here!
1 person likes this
@rashmie (947)
• United Arab Emirates
27 Mar 09
There is no need to request for payout. Whatever be the limit set by you..if it reached the level at the end of the month then they will send it to your paypal account on the 15th of the next month. They will send you all money if you have crossed payout. As if you have earned $15 at the end of month and your payout limit is $10 then you will get $15...and that's automatically......
1 person likes this
@sirrob (4108)
• Philippines
27 Mar 09
You are right, it will go directly to your Paypal account once you reach the amount you have set. No need to worry about requesting every end of the month which is a good thing to know form the admin. Just make sure that you have set everything well and in order so there would never be a glitch when it's time for payday. Most of the time, it will be in your Paypal account sometime in between the 10 or 15 of the month when you reach the minimum amount in the previous month.
1 person likes this
@oyenkai (4394)
• Philippines
3 Apr 09
You're just then specifying the minimum amount of earnings you must have acquired before they send you your payment. For example: if you specified $10 then that means that once you've reached $10, they'd send your earnings on the 15th of that month. If you did not reach $10 then you would not be sent the payment, instead it would remain as your unpaid earning and your participation earnings will accumulate until you have reach it. If you go above it then they'd send that amount - not only $10. Although they often hold back $4-7 based on my experience.
Thanks for the response on my discussion!
@venkataraman_vc (5293)
• Chennai, India
27 Mar 09
When you reach the minimum specified, your payment will be automatically processed and sent in the succeeding month, latest by 15th.
1 person likes this