When are you going to cash out money from Paypal?
By sasalove
@sasalove (1709)
China
July 11, 2012 8:49pm CST
I think mylot would be paid by paypal. How long are you going to cash out the money. I still not cash out the money on paypal for the last payment. You know, the operation expense for the bank is very high and my amount is too small to cash out. In the previous cashout, since the exchange rate for USD and RMB is still good, I just trade with the guy who can send me money by alipay in RMB currency and then I send money to his paypal.
Now the USD is only 6.3 and they will exchange with me for lower. I would wait until the exchange rate goes up a little bit.
How about you? Will you leave your money on your paypal account also? Or will you cash out the money by yourselves? if yes, how much does it reach that you will cash out and what is the handling charge for the bank?
5 responses
@asdomencil (4265)
• Philippines
12 Jul 12
When I got my first cash out, my wife used it to buy for the cloth diapers for my son. she ordered it online on a dollar price. You are right, having cashout thru bank here in the philippines will cost to about $5, so what I am planning to do is to purchase it online so I can get more of it.
1 person likes this
@sasalove (1709)
• China
12 Jul 12
My money is small amount in the paypal account, I am mean to use it for the Internet shopping. Once I used it, I need to wait until several months to have that amount.
It is a good idea that not cashing out from the paypal and used it directly for the shopping to save the cost. I think I will wait the amount to roll up much larger, and then buy a significant present for myself.
It is a good idea that not cashing out from the paypal and used it directly for the shopping to save the cost. I think I will wait the amount to roll up much larger, and then buy a significant present for myself.@sasalove (1709)
• China
12 Jul 12
Yes, you are right. Now that money on the paypal is so small that I could only afford the small things on the Internet. You know, I pay much efforts here for that money, I don't want to buy the daily things using these money. I think I would buy one that will enough commemorate the efforts.
@asdomencil (4265)
• Philippines
12 Jul 12
If you want something but your money is not yet enough, it is a great idea to let your money stayed in paypal so that it will increase until you get enough money to buy what you want
1 person likes this
@edisonbanglos (389)
• Philippines
18 Jul 12
Good day sasalove, you really have to wait until you could have a lot of earnings in paypal before cashing it out. Here in our country, we need to link our paypal account to our bank accounts so we could cash it out with a low charges. I advise you not to trade your money since the value is not always consistent. You might just loose a part of it. Just be patient and let your paypal balance grow and you will then be satisfied of what you have earned when time will come that you have to cash it out already :)) have a good day!
1 person likes this
@dorannmwin (36392)
• United States
12 Jul 12
I keep my money that I earn online in my paypal account until there is something that I need it for. I do have my monthly subscription to netflix that comes out of my paypal account every month. With the rest of my money that I make online, I will occasionally use my money to pay for things that we need by using my paypal debit card and other than that I try to let the money add up so that I will be able to do my Christmas shopping when that time of the year comes.
1 person likes this
@TrinityDownpour (790)
• Liechtenstein
12 Jul 12
I can't even cash out if the amount is below $10 for Paypal. If the MyLot minimum payout is $10 minus the Paypal fees, it would become less than $10 and I can't cash out. I will be forced to leave the money in my Paypal which I do not want to.
Actually I don't really care much about the exchange rate and my currency is in MYR.
