I had a look at MyLot earlier this morning, to see if it was worth signing up. Having looked through the "FAQ" pages (because there's no "About" page or it's difficult to find, a worrying sign), I see a number of problems with it:
- It pays out in fiat (USD) to PayPal, a company/service with which I am not happy (especially because linking my personal account to an unknown third party will reveal my identity).
- It pays out only once a month, even though the minimum monthly payout ($5) is reasonable. However, PayPal charges me $2.00 as a handling/service fee every time I receive money or draw it out. (For every $5 I'd earn on MyLot, I'd end up with only $1 in my bank account, which isn't worth it.) I don't know if I could configure it to be higher, to avoid being nailed by PayPal's fees.
- Anything I post on it, I may not post elsewhere or else I will get banned for plagiarism (never mind that the content originates with me).
- I may not post any adult/sexually suggestive content
- I may not post any links to off-site content (no promotion of myself, my blogs, business or any businesses, charities, organisations or people that I endorse/support).
Unless earning there is highly lucrative, I think I'll give that a miss and stick with Noise and Pub0x. At least on these sites I earn something, as small an amount as it is.
Once again, I've found another passive income for-pay writing/blogging site that proves to me that every silver lining has a cloud. Oh well, back to the grind trying to earn fiat and keep the money flowing ...
Thumbnail image: PayPal logo copyright MasterCard