Payment method

@radhruv (135)
New Delhi, India
September 7, 2016 11:49am CST
I have joined mylot today only. I am still not able to place how the payment is calculated. Also I would like to know the minimum amount required to withdraw. Meanwhile has anyone received the payment till date?
4 people like this
7 responses
7 Sep 16
Firstly, welcome to MyLot. The payment here is made through PayPal. I presume you are from India, therefore your payment (once you have reached the minimum payout amount of $5) will be made to your PayPal account, which then will be transferred into your bank account. So, if you don't have a PayPal account I suggest you make one otherwise they won't be able to pay you. You see, in other countries people are able to directly access their PayPal accounts and use the money in it for shopping or any other purpose. But due to some banking regulations in India, the money you have in your PayPal account CAN NOT be accessed/used directly rather it will be transferred (the money is transferred automatically nowadays) to your bank account (you can select which bank account you want your money to be transferred in; the option is there in PayPal). Hope this helps.
2 people like this
@else34 (13515)
• New Delhi, India
8 Sep 16
@radharuv,I have been here in Mylot for more than a year and hit the payout six or seven times.Rest assured,Mylot is a genuine,paying site.You receive your payment through Paypal and the payout level is $5.
• United States
7 Sep 16
Welcome to myLot! Yes, I've been a long time member & have been paid here via PayPal. You're able to cash out once per month and will be paid the following month automatically if you surpass the minimum. If you're concern about earnings please read:
This is where you will learn all about the myLot Earnings Program
@skysnap (20153)
7 Sep 16
mylot only pays through the paypal. no other payment method.
@Lucky15 (37374)
• Philippines
8 Sep 16
No for me. Didn't reached the minimum last month
@5thHouse (1678)
• Sheffield, England
7 Sep 16
Welcome to MyLot. $5 is the minimum figure, I understand and you need a paypal account. Hope you enjoy the site
@akalinus (43196)
• United States
7 Sep 16
Welcome to myLot. They pay by PayPal if you get the minimum amount of $5. If you get less than $5, it carries over to the next month. All you have to do is make sure to put your correct Paypal email address in the settings. If you don't do that, they will pay you when you do. Paypal is free and you can link it to a bank or debit card to verify it and use the money for any reason. You get paid when you get people to interact with you. You will earn a fraction of a cent because I answered your post.