Will there be enough Indians in mylot from February 1,2011.

Wise decision in my opinion Anand! It might make you more active too in an attempt to reach it sooner!

Yes .. It will surely drive me to be more active here... By the way Happy Birthday in Advance.. I have hear that its your birthday tomorrow.. Isn't it ??

you have got a nice idea but, I thing you have to put more time to get a payout from mylot..

I think I'll just increase the payout to $25... its not transferring only $10 and with a transfer fee deduction of $1.10 on that!!! But then you may see that by the time we've accumulated $25, some other new legal tangle will come up and we'll left just chasing that amount too

Hey there sudipta, just now saw your response after four weeks. Maybe my lot does not like us Indians, that is why they do not send a email for the comments and responses. Coming back to Pay pal, hopefully, there should be no more legal tangles. Have you taken out your money from pay pal.There is only three more days for you to do it.

Hey there sudipta, Yes, I missed you, I was wondering why you have not participated in any of my discussions.Even this response, was not informed by mylot. I just thought I will see if anybody has responded to this discussion, and I find yours was the last post,which I did not see. That is the reason, the delay in sending the reply. Pay pal sent a circular to everybody, just about a week back, stating that from March1, 2011, we cannot keep our savings in mylot for more than 7 days, and it has to be transferred to our bank account in 7 days. We will not be allowed to buy directly using the pay pal outlet even in those 7 days. If you P.M.me your email, I will forward the paypal letter. Even if you do not have a debit or credit card, you can usually transfer it to your bank account, and paypal charges a service charge of $1.10 for every transaction. I am also like you, who do not transfer the money to my bank account and usually buy some small things on line. Finally from what I understand, that if we do not transfer the money within 7 days, it will be lost forever. Regarding transfer of money to your bank account go to the paypal,site, and you can mention you bank, account number, and some other details, and they will do the rest.

That is good nainesh1, I appreciate your determination. I am sure, you will be able to reach $50 or more by the end of the 8 months.

Yes you are right getbiswa2000, one must try to find a solution for this.The big problem is we will not be able to purchase anything on the net,by using Paypal.The second is, pay pal charges a flat rate of $1.1 dollar or Rs.70 for each transacation up to Rs.7,000.So we may have to pay more to get the money into our bank account. Regarding, what will happen if we do not transfer the money within seven days, the answer is quite simple,it will go to the coffers of Pay pal Every body has to obey the RBI guidelines, it is for the benefit of the people of India RBI are doing things. RBI is doing a very good job to protect the people of India, unfortunately the young people in my lot are not aware of it.

Ahem! You don't think I am old, do you?

Yes, if pay pal, can charge a small fee instead of the $1.10 fee for every transaction, it would have been much better.

wow i can see all flags over there

Well, let us hope, some people stay put.As of now, I do not have any intention of leaving my lot, and I hope some others will also stay and contribute.

Professor2010, you and me might stay in my lot, as we are not much interested in money, but the youngsters in mylot may not like to pay a big amount to Pay pal as commission and so they might leave the site.