You will get paid monthly with a minimum account balance of $10. You have the option to increase your minimum payment to $25, $50 or $100. All payments will be in US dollars and made via PayPal or moneybookers.com, depending on the country you reside in. All users will be required to have a valid PayPal or moneybookers.com account. myLot is not responsible for any fees incurred in the payment process (i.e. translation fees, taxes, bank fees, credit card fees, PayPal fees, etc.) Click here to learn how to sign up for a moneybookers account.
While we would love to pay everyone, regulations set forth by the Office of Foreign Assets Control (OFAC), an office of the US Treasury, prohibits myLot from sending money to certain countries. The good news is users from all countries will still be able to participate in myLot discussions. The bad news is users from countries included on the OFAC list will not be able to earn money for their contributions.
Click here once you have determined your payment options and you can start the payment process by entering your myLot payment information.
A PayPal account enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution. For more information go to www.paypal.com
Glad you asked. Signing up for a PayPal account is simple. While any PayPal account will work, myLot recommends that you use a PayPal Premier account. The benefits of the PayPal Premier account are as follows:
Send Money
Request Money
Auctions Tools
Website Payments
Money Market
Virtual Debit Card
Account Insurance
Downloadable Log
Email-based customer service
Do business as yourself, under a corporate name, or group name
Accept unlimited credit card payments
Payment Receiving Preferences
Subscriptions
ATM/Debit Card
7 day-a-week toll free customer service
Mass Payments
Multi-User Access*For Business Accounts
Advanced Downloadable logs
Once you have signed up for a Paypal account, all yo uhave to do is enter the email address you used when signing up for your PayPal account into your myLot profile. To enter your PayPal email address, click here to go to the payment information page. Here you will be able to enter all the information we need in order to pay you.
We called PayPal and they tell us you do not need a credit card to open an account or to receive funds. They did say that in order to withdraw the money to your bank you would have to link your bank account. Please contact PayPal for further details.
PayPal email in the email address that you gave PayPal when you registered for an account. It may be the same email address that you gave myLot when you signed up, or it may be a different email address, but it is the email address that you supplied PayPal when you registered. DO NOT provide myLot your PayPal password. Your PayPal password is confidential and should never be given to a 3rd party. If you have any questions, please contact PayPal.
First, click here to find out if PayPal is available in your country. If it is not, you will need a moneybookers account.
Moneybookers is a method for you to receive money in those countries where PayPal is not offered. Click here to sign up for a moneybookers account today.
Based on your country of Residence, myLot automatically assigns the correct payment option to your account
Please see our Terms of Use for questions about PayPal and moneybookers.
That's great! All you have to do if you already have an account with one of these offered payment services all you need to do is enter your account information into your myLot profile.
You can enter your account information by clicking here. This will bring you to the payment information page.
Here you will be able to enter all the information we need in order to pay you.
Please make sure the information is completely filled out and the information is correct. We will hold payments if this information is inaccurate.
Based on your country of Residence, myLot automatically assigns the correct payment option to your account.
Please see our Terms of Use for questions about PayPal and moneybookers.
You can do this one of two ways:
Once you can click here and this will take you directly to the payment information page.
Or you can, log into your account, and click on "edit your preferences" on the left hand side of the page. A new menu at top of that page will appear.
The menu options are "customize your profile", "account information", and "payment information".
Click on "payment information" and simply complete all the steps on the page.
All information on this page must be complete and accurate in order to receive payments.
Your payment information will be saved once you hit the "update" button at the bottom of the page.
Yes, you have the option of changing your minimum payout
Simply click here and this will take you to the payment information page. You will be given the opportunity to change your minimum payout at the bottom of the page.
Click on the drop-down box under "Payment Minimum" and select the amount that you prefer.
Once you have chosen an amount, click "update".
You will receive your payment once you hit the minimum amount that you have chosen.
Remember that the minimum payout for all myLot users is $10.
You are responsible for any and all taxes and fees that are associated with the myLot payment that you receive.
What an excellent question, and one we hope every myLot user will ask.
Use myLot, post discussions, respond to discussions.
Post quality content. For example, generate discussions that engage other users and provide insightful responses and comments to other users discussions to further the topic
Refer friends. For each person you send to myLot you will receive a bonus equal to 25% of their discussion and image earnings.
Discussion activity earnings are calculated based on a proprietary model that rewards quality responses, relevant discussions and images.
myLot has a 24 hour earnings period from midnight to midnight in the United States Central Standard Time.
So based on time zone differences your earnings may not update when you think they should and when you post it may be a day earlier or later.
myLot tries to have earnings updated around the same time each day, however some days it may be earlier or later.
If you are using myLot and you notice that the earnings have not updated, please be patient as we assure you they will be updated or myLot will send out an alert to update the community to the issue at hand.
It is not necessary to post a discussion about your earnings not updating. If your earnings are not up to date, then nobody's earnings are up to date.
If you think there is a real issue concerning your earnings that we have not noticed or it pertains only to you, please contact myLot if your earnings have not updated within a 48 hour period.
From time to time it is necessary for myLot to recalculate earnings for the month to curb users trying to game the system. Our proprietary earnings algorithm periodically recalculates all estimated daily earnings for the previous month to take into account posts that have been deleted in the abuse and moderation processes.
During the recalculation of earnings some users with lower-quality contributions will see a decrease. Any money deducted from users due to our abuse and moderation processes is then reallocated to myLot users based on certain qualitative factors. Due to this, earnings will fluctuate.
myLot members who have a decrease in earnings have had one or more posts deleted throughout the month. The main reason for this could be that you started a discussion that violated our guidelines or terms, that you responded to, or commented on, a discussion that violated our guidelines or terms, or that a comment you made on a blog article or news story violated our guidelines or terms.
Please become familiar with our myLot Guidelines and Terms of Use to avoid the possibility of having your posts deleted in the abuse and moderation processes.
myLot does not reward low-quality contributions, or even worse, attempts to game the earnings algorithm.
Remember, your earnings are all estimated until paid.
There may be a couple of reasons why you haven't received your payment:
First, you have to earn your minimum payout by the end of the month in order to receive your payment on the 15th of the following month.
For example: If you make $10 by October 31st, you will receive $10 on November 15th.
If you miss the end of the month cut off, you will receive your payment the following month.
Secondly, double check to make sure you selected $10 as your minimum payout. You may have selected a higher amount. If this is the case, you can contact myLot to see what your options are at that time.
Also make sure that all the information on the payment page is correct and accurate. If any information is incomplete or inaccurate, your payment will be withheld.
For example: Please do not give initials for your name, make sure you enter your correct city/country, and do not make up names for any of this information. (Name: E. Parker; City: I Don't Know, Country: Somewhere; will not be accepted)
If you have any questions, you can contact myLot Payments.
Please choose the country that you currently reside in. myLot will automatically assign the correct payment option to your account. If you have any questions regarding this matter, please contact myLot_Payments.
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