Why should I raise the minimum cashout?

Even though people may not join for the earnings I don't think anyone would be simply ignoring them. They may think of the money as a positive side effect OK, but I still think that the money cannot be in a better place than in our hands (or under the mattress ). So bad some people can't have money without spending it, that is a real problem. But anyway, "just in case" I prefer to cashout as soon as possible in any site, well known or not.

$100 is of course much nicer than a $10, but the waiting time would be much worse too. In the end, in the same time you can get your $100 payout, you can also got 10 times a $10 cashout, I really can't find a difference other than the impression.

For sure MyLot doesn't says anywhere how much fee are they deducting from the cashouts. But most sites declare that it's a percentage from the payment. If we assume that the same method applies, there would be no difference in fees between a single big payment or many smaller ones.

I suppose some people think the waiting time is worth it. I also heard today that the higher the amount, the less you have to pay in Paypal fees. I don't know how true that is though.

Well, the point is, these are options. We all like options for our money. Further, it's not going to stop you from getting it because should you need the money before it reaches $50, you could change the minimum payout anytime. It's just an option, nothing to be rude about.

Well you have hit another big trouble too. If you want to save for something, but can't touch your own money without spending it all, you have a big problem. I think the solution should not be just keeping it out of reach, but instead learn to control yourself, or at least invest it somewhere else. Using online earning sites as a savings account is way to risky as anything may happen from in a brief moment. So I much prefer to keep it in PayPal, which is much less likely to give you troubles. Ultimately, the best place for the money is under the mattress. Receiving a $50 cashout should be great!!! But pls tell me the difference with 5 x $10 individual payments. The commissions from PayPal may be a reason, but I think it charges a fixed percentage of the amounts, so there would be no difference after all.

That's true, but still I think security is better and prefer to have my money in my pocket as soon as possible. If I really were to buy something really big, I would not touch it, just like a reserve money you may have in your house hidden somewhere. It's all about learning to control yourself, and not just trusting your savings to unknown people.

But in that case it should be the opposite! Unverified PayPals have more restrictions when the amounts rises, so having a $10 transfer is likely to have less trouble than a $25 or $50 cashout. In addition, I don't know that PayPal closes any accounts, but instead it limits and imposes serious limitations to whose don't verify.

Well if the cash out time is longer then it gives you time to verify your paypal. So that by the time you cashout your paypal is already verified. I think one mylotter posted here before about her paypal account being closed without prior notice. And she lost $10.

Verification has nothing to do with payments from MyLot. Also it takes a few minutes to verify, just entering your credit card details and you're done. Anyway, verified or not, MyLot pays the same.

I am glad I read through responses before putting my own as I too wanted to say what you have said here.

But wasn't the commission a percentage of the transfers? Or particularly from India has some special rules that are more restrictive? For all the cashouts I've made in all sites, the commission from PayPal was always a fixed percentage of the amount, and in that case, it doesn't make a difference if the amount is small or big, once the cashouts accumulate it comes to the same commission. $10 is not any small amount in internet. Most sites are well under that mark and reaching it is not an easy task. $25 of course is much more tempting but I can't find a difference in cashing out $25 or $10, then $10, then $10..... and so. Again the final result is the same.

Hello Ramras, There is fixed amount of deduction of $1.06 till the limit you withdraw $149 so it hardly matters if you withdraw $10 or $25 you have you have to pay the same amount so i feel it is better to pay it on $25 rather to $2.12 for withdraw of $20 in parts $10 and $10.We don't have deduction in %age.Please check below of PAYPAL INDIA not a refferal link. https://www.paypal.com/in/cgi-bin/webscr?cmd=_display-withdrawal-fees-outside

I guess the same, everyone has his own reason to do so, but anyway makes me wonder as I can't find any serious reason to raise it when it can be lower. I keep mine at $10, and will for sure lower it if it were possible. Just in your case, you can make $20 a month, and even with that there is no reason to raise it, as you will be paid anyway once you bypass the minimum.

Just keep it up and you'll reach, usually the first takes some longer time until you get the grasp of the site. Though it's a bit frustrating when the balance is reset to $0 it's also good that we have money in PayPal already and is at our disposal. That's why I don't understand the raise.

Don't lose hope. I am also waiting for my cashout. I am not so active this days but I'm halfway there. Let's try harder. I know we can do it.

If you rely on earnings from MyLot to sustain your life, you have a really serious problem. MyLot just gives you PayPal money only, useful for internet mostly. I don't understand why anyone may feel better seeing an higher cashout, it's only a sensation and not any improvement as that higher cashout will take more time, in which you would have received more smaller payouts for the same amount. In the meanwhile, the partials cashouts would be safe in your PayPal.

Even if they can reach the bigger amount at the end of month, MyLot will pay the whole amount once they surpass whatever minimum they stabilized, and the final result would be the same. But if for X reason they didn't reached on time, they have to wait for the next month to get those $24,95 instead of getting it right now, and that's what I don't understand. The fees may be a right point, but I think that PayPal takes a commission based on a percentage of the transfers instead of some fixed amount, but it may depend and it is for sure a good reason to raise. Getting a big reward instead of a smaller is just an impression, a placebo only. After all, there is no difference if I can get one $30 cashout over 3 months, or if I get three consecutive $10 each month.

I think so too. The sooner the better, as I would get the same money anyway, with the only difference being in small amounts or one big one.

Well, Mylot as well as any other online earning program will not sustain or solve your financial problems nor will make it any difference, as it will give money only in PayPal. If you badly need money, maybe searching for a job is better than internet.