Payout Dilemma
By sashakiddo
@sashakiddo (1102)
United States
May 3, 2011 9:12pm CST
I reached my payout of 10.00 at the end of April, but I want to use it for tasks, so I'm confused about what I can do. I know that they actually pay you in the middle of May, which is why the account still shows up as having money rather than bringing it back to 0. So does this mean they pay you whatever you have by the middle of May, so you can still earn for the next payment?
And if I want to use the money for tasks, can I do that? Or is it already decided that I will be paid this money, so that I can't use it?
2 people like this
5 responses
@allknowing (136425)
• India
4 May 11
You need to have sufficient funds in your myLot account before creating tasks. Funds are transferred through Paypal. Please visit this link for further clarifications
http://www.mylot.com/o/faq/faq22.aspx#8
1 person likes this
@mysdianait (66009)
• Italy
4 May 11
Earnings and task funds are completely seperate.
Indeed, at the bottom of the earnings page, it says that all earnings are estimated until paid.
Therefore if we wish to create a task we must fund it directly from our Paypal, regardless of whether we have earnings here or have been paid by myLot or not.
1 person likes this
@allknowing (136425)
• India
4 May 11
I did say that funds are transferred from the Paypal account. There will be no earnings left as they will also be transferred by myLot to the Paypal account. The link further explains everything.
1 person likes this
@hardworkinggurl (37063)
• United States
4 May 11
Hi there,
I have not set up tasks but I am very familiar with the settings. I do know that you cannot use the myLot earning to set them up. You have to do so with your own separate funds.
If you check this link it will explain all the details where you as the creator of tasks can get all the information:
http://www.mylot.com/o/faq/faq22.aspx
Good luck and hope this helps.
1 person likes this
@julyteen (13252)
• Davao, Philippines
4 May 11
I think before you can used it for giving task to myLotters you should receive it first to your Paypal account. There's no application here in myLot that you can directly used your earnings to fund your task balance. For you to try the legitimacy of the site better wait until you will be paid so that you can have also a proof of payment.
1 person likes this
@LadyMarissa (12148)
• United States
4 May 11
I've never set up a task, so I can't answer that question. You can send Admin a message & ask them the question. I would assume that they will transfer your earnings into your Paypal account when they pay out & then pull from your Paypal to cover your tasks, but that may or may not be true!!! Now to your other question...on or around May 15 you will received the amount in your account through the last day of April as long as it is $10 or more. I'm sure somebody will be by shortly to correct my statement & tell you how it really works!!!! 
1 person likes this
