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Author Topic: Do you let your money accumulate in forum posting sites?  (Read 628 times)

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Offline remnant

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When I was new to working online, I was enamoured by the accumulation of cash in the various sites which I signed up with and the first withdrawal was at $30. But with time, I learnt of dangers like being banned, ratings and the danger of scams perpetrated by hackers who steal identity in order to siphon funds. For this reason, I am wary. I don't keep my money in Paypal but withdraw when I reach a certain amount though I have and to put my trust in there.

Offline VinayaSpeaks

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Re: Do you let your money accumulate in forum posting sites?
« Reply #1 on: May 16, 2017, 03:38:53 AM »
I withdraw money on the earning sites where I am active as soon as I reach cashout threshold. There is so many risks associated with letting funds accumulate, for example you could be banned, the site may stop functioning, or your rating could be lowered. Usually I join sites that have low payment threshold. If the payment threshold is higher than $10 I don't join any sites. However, I let money accumulate in my paypal account. I use paypal funds to buy online.

Re: Do you let your money accumulate in forum posting sites?
« Reply #1 on: May 16, 2017, 03:38:53 AM »
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Offline kittykat

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Re: Do you let your money accumulate in forum posting sites?
« Reply #2 on: May 16, 2017, 09:01:00 AM »
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But with time, I learnt of dangers like being banned, ratings and the danger of scams perpetrated by hackers who steal identity in order to siphon funds. For this reason, I am wary. I don't keep my money in Paypal but withdraw when I reach a certain amount though I have and to put my trust in there. 

My answer is not related to forum posting sites, but rather to all/any online sites where money accumulates for work done.  My answer is that no, I never let my pay accumulate because there are simply too many risks involved.  I generally cash out as soon as I'm able.

That said, there's one site that I've been getting complacent about and letting it go until $20 or $30 even though I could cash out at any time. I really shouldn't do that just because a site has been reliable and I'm going to start cashing out at $10 there.

I learned this lesson two days ago again... I lost some money, *but* it wasn't because I didn't cash out in time.  I didn't have enough to cash out until the weekend.  I went in to get my money and the link wasn't there for the amount I was authorized to cash out for.  A little scary, but I waited a day and tried again.  Same story.  I tried one more time thinking the site had issues, and that third time it wouldn't let me log in at all. I have attempted to contact them and nothing... no response.  No additional way to contact them.

Anyhow, what I learned is that *no* Internet site that pays out for work done is 100% secure.  They can, and often do just disappear virtually overnight.

Re: Do you let your money accumulate in forum posting sites?
« Reply #2 on: May 16, 2017, 09:01:00 AM »

Offline Cheesy Potatoes

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Re: Do you let your money accumulate in forum posting sites?
« Reply #3 on: June 06, 2017, 02:10:17 PM »
I feel you, kittykat. I have been so paranoid about losing my earnings that I have lost motivation in trying to look for websites to earn money. It must be because of all the horror stories on the internet about freelancers getting kicked off websites before they can cash out. The best way to avoid that is to cash out as soon as you hit the threshold, but then not everybody does that and there are some sites that schedule payments instead.



Offline arachnophobik

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Re: Do you let your money accumulate in forum posting sites?
« Reply #4 on: June 26, 2017, 09:26:31 AM »
No, I don't. I treat my PayPal account as my online bank where I would keep my money there and only use it whenever I need to anyways. I don't want to accumulate them exactly because of the things you've said, I was afraid that maybe for some odd reason I get banned and never get my hard work's pay. Besides, seeing my PayPal balance rise up makes me feel motivated to keep doing what I do.

Offline Gina145

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Re: Do you let your money accumulate in forum posting sites?
« Reply #5 on: June 26, 2017, 09:44:04 AM »
I've always made it a policy to cash out as soon as possible when I join a new site, but once I trust a site I usually allow money to accumulate rather than receive very small payments. However that doesn't always work, as I discovered when ChatAbout closed down with no notice. I'd just reached the minimum payment threshold a few days earlier but hadn't bothered to redeem yet and once they closed, my money just vanished along with the site.

Right now I'm slightly over the minimum at Postloop and was thinking of letting the money grow a bit before cashing out, but I'm starting to wonder whether that's wise. Besides seeing a zero balance in my account might incentivise me to put more effort into reaching the next payment.

Offline freebird37

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Re: Do you let your money accumulate in forum posting sites?
« Reply #6 on: July 07, 2017, 12:25:46 PM »
I think that most forum writers will agree that it's safer to pull your money out as soon as you can to avoid anything happening to it. I like to let my money accumulate so I have a bigger chunk and I know it's there if I need it, although it takes at least a day to actually have it in your hands. I feel comfortable in letting it accumulate in most cases, if I'm iffy about it then I pull it out asap. You have to be the judge of how you want to handle your money.

Offline overcast

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Re: Do you let your money accumulate in forum posting sites?
« Reply #7 on: July 12, 2017, 02:18:35 PM »
I often let the point accumulate. As the withdrawal of 5$ won't add much value to my wallet and also paypal fees are high. So it'd be good for me to withdraw the 10$ minimum. So I try to wait till 10 or more valued points are accumulated. Once higher payout is in sight, I can make sure that I get the points. Often some of those forums run out of credits and some may even stop paying. But I try to push as much as I can for the withdrawal.

Offline iamawriter

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Re: Do you let your money accumulate in forum posting sites?
« Reply #8 on: July 12, 2017, 08:14:12 PM »
I now dare to accumulate up to 10 dollars as I compared my rating to the average rating which is good.  I do not think anyone will rate me that low to go down lower than the average rating.  I do not think I will go beyond 10 dollars.


 
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