Cashing out
By lynlypiochy
@lynlypiochy (706)
Philippines
February 17, 2011 1:36am CST
I've been on myLot for a few months but then I still have no idea on how to cash out. My paypal account is unverified because I have no idea on how to link my ATM card to it. Of course, being inactive, I haven't accumulated the minimum amount for me to cash out yet. But I still want to know. Who knows, getting an answer might get me fired up and start earning as much as you do. 
Please and thank you!
Please and thank you!1 person likes this
8 responses
@mysdianait (66009)
• Italy
17 Feb 11
It makes no difference whether yur Paypal is verified or not.
Make sure that you have filled in all the relevant information here:
http://www.mylot.com/nr/editPayment.aspx
and then look here:
http://www.mylot.com/o/faq/faq6.aspx#1
1 person likes this
@lynlypiochy (706)
• Philippines
17 Feb 11
Thanks! However, do you have any idea on how to connect an ATM or a debit card to the Paypal account?
1 person likes this
@mysdianait (66009)
• Italy
17 Feb 11
That is all explained on the Paypal site itself.
1 person likes this
@astreadido (608)
• Philippines
17 Feb 11
Find out which bank in your country supports fund transfer from Paypal. You will need their bank code to connect your bank account to Paypal. I already had my Paypal verified and I just got my first fund transfer to my bank account. The process and charges will depend on your bank.
1 person likes this
@maean_19 (4655)
• Philippines
17 Feb 11
Hi there Lyn!
First and foremost, check out your payment information under "preferences". You need to set your minimum payout either $10, $25, $50 and $100. Make sure that you have to place your valid paypal email address.
Second of all, once you reach your minimum payout by the end of each month, then definitely you are qualified for payment on or before 15th of next month. For example: When you reach your minimum on or before Feb. 28, surely your payment will be received on or before 15th of March.
Third, regarding your unverified Paypal, that doesn't matter. Your payment will still go to your paypal even if you are unverified.
Fourth, linking your ATM account is easy as 1-2-3. You just need to know the bank code and your correct Account number and of course it has to be yours. If your ATM account does not have a logo of Visa or Mastercard, then link that ATM account to your local Bank account. Then check your profile, you can see there, "Add/Edit Bank account". There you can add your bank account.
Here is the catch, for you to withdraw the money on your paypal account, linking your bank account is not enough. Verifying your account is easy because you will just follow the instructions by Paypal.
Therefore, I suggest you to link a credit card/debit card too. Good Luck!
First and foremost, check out your payment information under "preferences". You need to set your minimum payout either $10, $25, $50 and $100. Make sure that you have to place your valid paypal email address.
Second of all, once you reach your minimum payout by the end of each month, then definitely you are qualified for payment on or before 15th of next month. For example: When you reach your minimum on or before Feb. 28, surely your payment will be received on or before 15th of March.
Third, regarding your unverified Paypal, that doesn't matter. Your payment will still go to your paypal even if you are unverified.
Fourth, linking your ATM account is easy as 1-2-3. You just need to know the bank code and your correct Account number and of course it has to be yours. If your ATM account does not have a logo of Visa or Mastercard, then link that ATM account to your local Bank account. Then check your profile, you can see there, "Add/Edit Bank account". There you can add your bank account.
Here is the catch, for you to withdraw the money on your paypal account, linking your bank account is not enough. Verifying your account is easy because you will just follow the instructions by Paypal.
Therefore, I suggest you to link a credit card/debit card too. Good Luck!@lynlypiochy (706)
• Philippines
19 Feb 11
I've just set my preferences after the first person who commented about it told me to do so. I had filled in the minimum amount but there were still some blanks left. I guess I have to go get a debit card from Union Bank. That's what most people are suggesting. Thank you!
1 person likes this
@maean_19 (4655)
• Philippines
19 Feb 11
I think there are many relevant comments here. Just do what is best my friend. Yes, it is best to apply for EON card at Union Bank. You just need two valid ID's anyways. Photocopy them and then fill out the form. You only need to pay P350. for the fee when you will get the card. But I want to remind you now that you have to deposit at least P200. in your account because P100. will be used for the verification of your account on Paypal. Although, the P100. will be refunded, so do not worry about it. Good Luck!
@lynlypiochy (706)
• Philippines
20 Feb 11
Oh! Thanks so much for the info. There really are quite a lot of relevant answers from you guys. 
I'll try to keep everything in mind.
I'll try to keep everything in mind.
@annavi23 (6522)
• Philippines
17 Feb 11
hello lynlypiochy!
where have you been? i haven't seen you fr a long time and i kinda missed you,
as for your question, it is okay if you are still unverified cause whatever earnings you have in here, as long as it reaches minimum payout,it will automatically sent to your paypal account. well, for you to be able to have your earnings here, make sure you have stated your paypal email address in your preference area. and even if you haven't linked any cards you have you will still receive that earnings on your paypal. once you get your card linked in your paypal account, it will be verified.
where have you been? i haven't seen you fr a long time and i kinda missed you,
as for your question, it is okay if you are still unverified cause whatever earnings you have in here, as long as it reaches minimum payout,it will automatically sent to your paypal account. well, for you to be able to have your earnings here, make sure you have stated your paypal email address in your preference area. and even if you haven't linked any cards you have you will still receive that earnings on your paypal. once you get your card linked in your paypal account, it will be verified.
@lynlypiochy (706)
• Philippines
17 Feb 11
Hey annavi! I've missed myLot, again! For the whole month of January, I was up and about. We went to Hong Kong and Macau and then we went to Manila with my parents. It was a month of travels for us. I forgot to contact you though. Oops. From the last time we talked, I still have the same problem. I still haven't linked my atm card to my paypal account. I'm hoping someone could give me an answer, though.
For the whole month of January, I was up and about. We went to Hong Kong and Macau and then we went to Manila with my parents. It was a month of travels for us. I forgot to contact you though. Oops. From the last time we talked, I still have the same problem. I still haven't linked my atm card to my paypal account. I'm hoping someone could give me an answer, though.
@jennyze (7028)
• Indonesia
17 Feb 11
If you sign-in your paypal account, look for "verify your account" and go from there. Paypal, will take a small amount ($1.8 if I am not mistaken) from your account just to verify that it is your account and you will get a code number from paypal. Paypal will put the money taken into your paypal account. I am not sure though if it applies to certain banks only.
@lynlypiochy (706)
• Philippines
17 Feb 11
The things is I have to link my atm card to my paypal account and I have no idea how to do that. As for wuat banks are accepted, it goes the same.
@natliegleb (5175)
• India
5 Nov 12
its so fun and keep checking for the money in the atm,i like that moment
@zandi458 (28102)
• Malaysia
17 Feb 11
You only have to link the account number of your bank in your country. But the bank must be accepted by paypal. All banks, I think, issue ATM card when you open a bank account with them. There is no need to link your ATM with paypal as paypal will pay direct to you bank account and you can withdraw it with the bank's ATM. Paypal do not need your ATM but requires your credit/debit card number for verification.
@Lucyalicia92 (670)
• United States
17 Feb 11
you can add your bank account and verify that to verify your paypal account. otherwize it will be impossible to send any money in your paypal so it's stuck in there.
