Can you please explain to me how to receive my payout?
By markmoney
@markmoney (2868)
Philippines
June 27, 2009 2:31am CST
Can you explain to me, as if I was a kid, how can I receive my payment? I'm sorry but I am really novice when it comes on transferring money online. What should be the things I have. Do I need credit card or is my ATM card(debit card)enough? What is the ID number that I should type in the Paypal account. Tell me what did you use to receive your payment here in myLot. I more preferred to receive responses from my countrymen, my kapwa pinoys. Please explain to me. Thank you in advance.
3 people like this
9 responses
@neildc (17239)
• Lapu-Lapu City, Philippines
27 Jun 09
I think I just have to tell you how I receive my payment here at mylot. Frist you have to have an email account, which surely you have one already. Apply for a paypal account, online. You register at paypal with your email address. Then you verify your account with your bank account. You should have a credit or debit card. As a govt employee, I have a debit card account with unionbank, through GSIS. Mylot will send your money when you reach your minimum earnings, every payout, which is approximately on the 15th. Your paypal money will be transferred to your bank account, in Philippine Pesos. Then, you can withdraw it from your bank. 2 to 4 days of processing.
@markmoney (2868)
• Philippines
27 Jun 09
Yes I have a lot of email accounts. Like you I am also a government employee and I also have an ATM card, which is Landbank. I hesitate to give the number of my Landbank debit card coz I don't want any unexpected thing that might happen. I'm just being cautious. That's why my plan is to open an account in UnionBank, since most of the Filipino myLotters here are using UnionBank account, like you. Then that is the one I will use for PayPal and for receiving my payment. Thank you for your response. Happy myLotting!
@neildc (17239)
• Lapu-Lapu City, Philippines
27 Jun 09
You don't actually have to open a debit account if you haven't got one. You only need a card, either a credit or debit card, even if it's not yours. This is only needed to verify your paypal account. After you have verified your account, there will be no more time paypal would ask of it.
I also use my Lanbank account to transfer funds from paypal, and my unionbank debit account can disregarded over my Landbank account.
If you don't have a card, you can just borrow one, andyou only need its number.
@eichs1 (1934)
• Philippines
2 Jul 09
Please check Paypal FAQ or Help Desk. It was stated there that you can only verify your account using your own Debit or Credit card. Verification means the information you used in your Paypal account is certified true by the details of the debit/credit card account you submitted. So how can a credit card owned by another person verify your account with Paypal? Doing so might lead to your account suspension.
@hanah87 (1835)
• Malaysia
27 Jun 09
I don't know if a kid can recieve a payment but if you have a credit or debit card maybe you can do it.I recieve my payment in mylot by use paypal.To recieve the payment from paypal,you must have credit or debit card only.If you don't have one,you can ask or borrow your family or friends card.Ask their permission first because you might have a problem if they don't know you use their card.I hope this explaination will help you.Have a nice day.
@markmoney (2868)
• Philippines
27 Jun 09
Ok, so now I know that I can use my ATM card to get the payment because I don't have a credit card yet, it is still on process. What credit or debit card did you use, may I know? Yes, your explanation really helps. Thanks! Happy myLotting!
@akuler (3531)
• Malaysia
27 Jun 09
Hi markmoney,
FYI, paypal only accept visa card, be it credit or debit card. Better check with your local bank if the allowed payment through paypal. In my country (Malaysia), only a few bank accept payment from paypal. Even the largest bank here (maybank) did not accept payment via paypal.
Happy mylotting and have a nice day.
@markmoney (2868)
• Philippines
27 Jun 09
Hi akuler! Thank you for that info! Yes, I will check first if it is a visacard. Thanks for your concern. Have a nice day! Happy myLotting!
@lingli_78 (12822)
• Australia
27 Jun 09
for me, it is quite simple... i just have to have a paypal account and mylot will automatically deposited my money there before the 15th of every month... then i just transfer it to my nominated bank account that i choose when i first sign up for paypal... that's about it... simple, easy and very convenient... take care and have a nice day...
@markmoney (2868)
• Philippines
27 Jun 09
That's good for you, you find it very simple. I hope it would also be simple for me. Thanks for your response. Happy myLotting!
@markmoney (2868)
• Philippines
27 Jun 09
It's good to know what you have used to receive your payment. Thank's for your response. Happy myLotting!
@o0jopak0o (6394)
• Philippines
27 Jun 09
im wondering why you have 399 post and don't know anything about this one.
of your from the philippines also,
well you can use paypal and alertpay, moneygram. these 3 are the most common.
if you have a savings account or something with a unique bank id then you can validate your account with paypal and alert pay.
you can also view my website in my profile page for free online money sites that is applicable to us.
@markmoney (2868)
• Philippines
27 Jun 09
I haven't applied in Paypal. I reached the minimum payout of $10 just now, that's why it's just now that gives me interest in Paypal. I really dont know Paypal that much as I haven't experienced transferring money or payment online yet. I am asking you guys, my countrymen, since our country is not listed in Paypal's country list. But actually, it's clear to me now, also by the help of other Pinoy myLotters. What I would do now is I will open an account in UnionBank then that is the card I will use to validate my Paypal account. Thank's to you guys for your help. I appreciate it. Happy myLotting!
@marshalharoun (16)
• India
27 Jun 09
you may need a Paypal account.Thats what you need.
This is the easiest way of transferring money online from money making websites
@markmoney (2868)
• Philippines
4 Jul 09
Yes, I already created a Paypal account. I just haven't open a bank account yet. It's really good to have a Paypal as it makes transferring of money online safer. Thanks for your response. Happy myLotting!
@lrglara (1334)
• Philippines
27 Jun 09
I haven't tried withdrawing money from paypal, nor moneybookers (which is a payment processor too for mylot), but i heard that you can use xoom.
you can transfer your paypal money to xoom (just go the xoom website) just like sending remittance. Follow the instructions. I haven't tried it but its worth a shot. I heard xoom is faster instead of using the usual wire transfer which takes a while. It wouldnt hurt to try or at least explore that option, right?
@markmoney (2868)
• Philippines
27 Jun 09
Ok, I will read about that. Thank for your response. Happy myLotting!
@rainmark (4302)
•
27 Jun 09
To recieve your payout here in mylot you need to have a paypal account.
You need to open a bank account in Union bank coz they support paypal.
In your paypal account add your bank details.
Then when you recieve money from mylot, withdraw your money using your bank account number and after 3days your money will be transfer to your bank account.
hope it will not confused you.
Cheers.
