Paypal

United States
July 8, 2009 9:35pm CST
I have a paypal premier account. When mylot pays, does paypal deduct the tax from the moey you earned or your credit card or bank account? I have been wondering this question for a long time, even before I got mylot.
3 responses
rayes520
@rayes520 (37)
• Indonesia
9 Jul 09
nope, paypal won't deduct your paypal's balance. but if yr a/c type is business paupal will deduct around 1.9 - 2.9 % from your paypal's balance not from your Credit CArd or bank a/c.
demotay26
@demotay26 (26)
• United States
9 Jul 09
Paypal said they were going to deduct from all received earnings in premier. Thanks for telling me it won't come out of my credit card!
wisconsin26
@wisconsin26 (3859)
• United States
9 Jul 09
No I don't believe they do it comes from your mylot earnings, I too have the same kind of account and always got it deducted from the money that was sent to me right away.. I don't even know to be honest if Mylot does take any money or not i haven't gotten a payout in a long time sense I have gotten my premier account.. Soon to find out though..
cristalkate
@cristalkate (536)
• Portugal
9 Jul 09
Well, I haven't taken my money on mylot yet but I heard that they charge 3 usd? But in my case coz my salaries were transfered through paypal, they were totally free when I received them. If you withdraw your money to your bank accounts they're gonna take charges depending on how much you're going to transfer. If it is lower than 6,999.00 peso, you will be charged 50 peso. If it is 7,000 peso up, you got it free of charge. *wink *wink ^^