MyLot settles on $5.00 payout minimum!
By The Horse
@TheHorse (218873)
Walnut Creek, California
May 20, 2016 10:35pm CST
I just came across a post from MyLot Administraton saying that they'd settled on a $5.00 per month payout minimum. The comments suggested that they'll be sticking with this minimum for the foreseeable future.
I think this is a perfect compromise. The $1.00 was kind of "unmotivating," thought it didn't really matter to most of us. And the $10 minimum was hard to reach for those who don't have "down time" at the beginning or end of each day.
I applaud Administration for taking feedback from members into consideration. It seemed that the consensus was that $5.00 would be the perfect compromise. What are your thoughts?
I'll provide a link to the original post below:
After a period of of trial and error, a new pay out minimum has been decided on. We have settled on the figure of $5.00. This will be effective for the upcoming...
25 people like this
23 responses
@infatuatedbby (94914)
• United States
21 May 16
I like the $5! That is a great compromise. 
That means I am good for the month.
That means I am good for the month.7 people like this
@infatuatedbby (94914)
• United States
21 May 16
@TheHorse Same here. I am about $1 shy from $10. Whatever I do, I have always managed to reach the $10 limit as well.
4 people like this
@TheHorse (218873)
• Walnut Creek, California
21 May 16
@infatuatedbby It hasn't been an issue for me either (so far). But I'd like to see all semi-active writers be happy.
4 people like this
@DeborahDiane (40293)
• Laguna Woods, California
21 May 16
That is a wonderful compromise. That means that even people who only earn $2.50 in a month will still reach payout every other month. People who do more, should be able to reach payout every month. I think the Administration made a wise decision. It also means that they listen to their members and try to make things work out for everyone. Even more than the financial decision, I'm happy to know that they try to work with their members.
5 people like this
@DeborahDiane (40293)
• Laguna Woods, California
29 Jun 16
@vandana7 - I earn about $3.50 a month here ... but at least I know I will reach payout every other month!
1 person likes this
@ridingbet (66854)
• Philippines
21 May 16
i have wished for this amount to be the minimum pay out, and i got my wish
5 people like this
@TheHorse (218873)
• Walnut Creek, California
21 May 16
I think many of us did. When this discussion first started, a couple of months ago, a lot of people were calling for $5.00. I'm glad Administration was listening. Did you ever participate at Bubblews? That was quite a different story.
4 people like this
@ridingbet (66854)
• Philippines
21 May 16
@TheHorse oh yes, i was one of the original members of that site. i joined in november 12, 2012, while that site started in the early months of the same year. i stayed in that site even though it went several changes, from $25 to $50 then when many left the site due to its latest issues. i lost more than $300 with all pending redemptions and the last, i had $15 to complete $50, then its demise.
1 person likes this
@toniganzon (72281)
• Philippines
21 May 16
JJ suggested this post to me so when I woke up this morning, it was the first thing that I read.
It's just as I expected. I think the admin were reading people's mind and thought $5 is reasonable enough. People would be happy about this news and there are those who thought it's still at $1.
3 people like this
@toniganzon (72281)
• Philippines
21 May 16
@TheHorse I was actually thinking they would revert back to how it was then at $10.
2 people like this
@TheHorse (218873)
• Walnut Creek, California
21 May 16
@toniganzon I think they were responsive to site-member feedback. I saw a lot of people mention $5 as a good compromise.
1 person likes this
@arthurchappell (44998)
• Preston, England
21 May 16
it is a good reachable target for most without deterring the less prolific - i'm on course for $10 this month now but every cent counts for everyone
1 person likes this
@arthurchappell (44998)
• Preston, England
21 May 16
@TheHorse me too - I am on course for that this month too
1 person likes this
@TheHorse (218873)
• Walnut Creek, California
21 May 16
@arthurchappell We've been "trained."
1 person likes this
@carebear29 (31963)
• Wausau, Wisconsin
21 May 16
That is super nice of them. Will make people stay longer and what not.
3 people like this
@Letranknight2015 (51964)
• Philippines
21 May 16
I think they used to have a minimum of five dollars before I think. I hope this will encourage new people and old ones to be active everyday.
3 people like this
@Jessicalynnt (50523)
• Centralia, Missouri
22 May 16
I think it's a good medium, not impossible, yet not too easy!
2 people like this
@Jessicalynnt (50523)
• Centralia, Missouri
22 May 16
@TheHorse I hope that means activity will pick up again
@blitzfrick (2890)
• United States
26 May 16
I like the $5 minimum. Do you know if they pay it out automatically or can it accumulate and be paid out as we ask for it?
1 person likes this
@blitzfrick (2890)
• United States
1 Jul 16
@TheHorse I like it. I like it a lot. It'll still take me forever, though, as rarely as I'm able to get online.
@teamfreak16 (43418)
• Denver, Colorado
21 May 16
Honestly, it doesn't matter to me either way, personally. I've only been here for two payouts, and had no problem either time. I do understand it, though. At least it's not $50.00.
1 person likes this
@TheHorse (218873)
• Walnut Creek, California
21 May 16
Even $50 wouldn't bother me (though its more fun to get a payment every month--it just feels good to see that email). The "site that will not be named" used the $50 minimum as a way to secure free writing from devoted suckers...I mean members...but this site would not do that
1 person likes this
@DesirousDreamer (34776)
• Peoria, Arizona
21 May 16
I really like this, I think it makes perfect sense. 5 isn't as easy to achieve where as a dollar is. but it isn't impossible. I like it!
1 person likes this
@lexinonomous (511)
• Riverside, California
21 May 16
This is awesome! I spend a lot of time on forums, so I don't think meeting the five dollar mark will be an issue for me. That seems like a nice in-between for people to meet. I'd imagine that the ten dollar minimum was a bit hard to make every time.
1 person likes this
@Sarigi6141 (257)
• Indonesia
28 Jun 16
$5 is better ...makes people work more hard
1 person likes this
@workathomefan (8957)
• Prairieville, Louisiana
12 May 17
It was nice that you added the admin link for article.
1 person likes this
