my pay pal account is not yet verified ? help here
By kyran_12
@kyran_12 (643)
India
April 8, 2007 11:38am CST
in my pay pal account , the status is not verified, as i havent submitted the debit/credit card no as i dont have it , and i am about to reach my first payout in mylot , will i loose the payments or in paypal the money will not count? please help me for the reason as i dont want to loose this money
2 people like this
2 responses
@tommy408 (361)
• Malaysia
8 Apr 07
I think the above two comments are quite misleading. You CANNOT accept any payment i PAYPAL if you are not verified. To get verified, you have to have either US Checking account OR Credit/Debit card.
I assume Kyran_12 do not have US Checking account. He already stated that he do not have credit card. There is no way for you to accept paypal payment.
Another alternative for you to receive myLOT payment is via e-gold which is more convenient.
You can signup for free at www.e-gold.com
@mvsrao (4365)
• India
8 Apr 07
^ sorry friend . you are mistaken . what we
(first 2 respondents) said was true to the
best of our understanding . I have unverified
Paypal account with Mylot payments . Mylot has
paid me 3 times . Proof is available here :
http://www.mylot.com/w/image/1279182.aspx
And Indians members of Mylot cannot signup
for E-Gold account to get Mylot earnings .
This is a strict rule setup by Mylot . The
rule says that if Paypal account is available
then members must use it .
Moreover , using E-Gold account is illegal
in India as per Reserve Bank of India rules .
1 person likes this
@tommy408 (361)
• Malaysia
9 Apr 07
Ok. I do not know that e-gold is illegal in India and all this while I sincerely thought that to receive fund from paypal, you need to be a verified member.
I would like to apologize for my ignorance and thanks a million for clarifying it. I appreciate it much :)
@theproperator (2429)
• United States
8 Apr 07
Even if your paypal account is not verified, you will not lose your payment. If you have a checking or savings account, you can use that to verify your account, too. But even if you never verify your account, your money will still be there an you can still use your myLot earnings to buy things online (from stores that accept paypal). I believe you can also still, as an unverfied member, pay a fee to have them send you a check for your earnings (you may want to wait until you have a considerable amoutn saved up, since requesting a check costs $1.50, no matter how much the check is for. If you link a bank account into your paypal account, not only will it verify the account, you can also transfer your money into it from paypal for free.
Hope this helps and congrats on your first payout!
@mvsrao (4365)
• India
8 Apr 07
@theproperator , you have provided very useful
information . However , most of the information
related to money transfer from Paypal is valid
for United States residents only . Citizens
of other countries ( e.g. India ) have some
restrictions ...
