IS MYLOT TAKES $5 ON EVERY PAYMENT OR WITHDRAWAL IS IT TRUE?

India
November 13, 2006 8:00am CST
I HEARD THAT MYLOT TAKES $5ON EVERY PAYMENT THAT MEANS WHEN WE WITHDRAW THE MONEY FRON ATM CENTRE .WITH EVERY WITHDRAWAL IS IT TRUE ?CAN ANY ONE HELP ,IAM IN VERY BIG CONFUSION .CAN ANYONE HELP ME PLZZZZZZZZ?
1 person likes this
11 responses
@amsharma (1860)
• United States
13 Nov 06
I have no idea if thats true. I havent heard anyone saying that they take five dollars.
• India
13 Nov 06
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• United States
25 Nov 06
Mylot transfered my earnings to paypal and from paypal i transfered them into my bank, i had no fees
@KrauseHome (36448)
• United States
16 Nov 06
Paypal only charges a Fee if you have a Business account like I have. They limit you to the amount of $$ coming into your account if you have just a reg. act. I have sold on Ebay, and made $$ other ways online, so I need the Business act.
@Cortney (3980)
• United States
21 Nov 06
Mylot transferred the full amt that was due to me, into my paypal account. I then transfered the same amount into my bank account. I have not been charged anything, so I don't think that is true. It may depend on the type of account that you have with paypal, but mylot is not charging $5.
• United States
21 Nov 06
I've heard that too...but it could just be PayPal taking out the amount they charge for certain accounts.
• Romania
16 Nov 06
i dont have never heard that .. :(
@macubx (11414)
• Philippines
13 Nov 06
i didnt see any discussions that mylot take $5, so i dont think that they will deduct from your earnings..
@tusharb (3157)
• India
16 Nov 06
yups..they takes it....
@whatshot (164)
• India
16 Nov 06
paypal charges $5 when u withdraw... My loat is not charging anything..
• United States
13 Nov 06
I think you guys are mistaking PayPal's fees for myLot fees. As far as I know, myLot does not withhold any of your earned money, but the simple act of myLot sending your earnings to your paypal account causes paypal to withhold a small percentage of the money sent, as a "transfer fee". It's not alot... literally a couple of cents on the dollar. Nothing to worry over.
@rracers89 (3246)
• United States
13 Nov 06
I have never heard that but its only my second day here. Ill be intrested to hear from more experianced users