Author Posts

June 19, 2016 at 4:13 pm

I  crossed the 10 dollar limit and need your advice whether I should redeem or wait for the month to end.

June 19, 2016 at 4:34 pm

@bestwriter I am almost there but I won’t do that until last week of June. Why should I wait for 40 days for what I can get in 10 days. Do you think they will pay you extra like BJ did!

By the way I am almost there starting from 10th of this month as I waited for to see the result. I can easily reach $30-40 p/m even at this pay-rate. 

June 19, 2016 at 4:38 pm

All are not born with a silver spoon in their mouth  😀  Anyway I was just thinking. May be I could get ready for the next payout already now. Actually it does not make any difference as at the end of the month I could just redeem 10 and carry forward the rest.

 

June 19, 2016 at 4:45 pm

@bestwriter You said it, being a poor guy I would prefer it in my bank as early as possible in place of keeping it somewhere else hehehe 🙂

June 19, 2016 at 5:28 pm

@bestwriter I think the only reason to redeem now would be if you need a jump on next month’s earnings – say, if you are planning to take time away from blogging while you go on vacation. That would be a good reason to want to start July with a little extra money already in the bank.

Being that LB has one fixed day a month for payments, there is nothing to be gained from requesting payment more than once in the month. In fact, if many people did this it could increase operating expenses related to payment processing and could also slow down processing time enough that the there would be delays.

June 19, 2016 at 6:10 pm

@ruby3881 –   You sure have a thought for the site – I appreciate that.

June 19, 2016 at 6:19 pm

@bestwriter It just makes sense to want to avoid creating extra work or expenses for the staff. When the volume of redemptions increased a great deal on Bubblews, all of us ended up suffering. There’s no good reason to repeat that experience….

June 19, 2016 at 7:11 pm

You might as well wait for a few more days to get higher amount.

I think you can reach payout easily the following month too, so there is no need to “save” up some money for redemption next month.

June 19, 2016 at 7:23 pm

That would be totally up to you it is your money, but I would wait till the day that the site pays out. Have a good one.

June 19, 2016 at 9:09 pm

Wow! I like the topic. It comes down to redeeming. I hope I could have my chance to have the super punch of redeeming.

June 20, 2016 at 3:46 am

@ruby3881/

From what I understand LiteracyBase had already stated that only the 10th of the next month, payment will be made to writer’s paypal account.

So, let’s just say that at the end of 30 June, I have $18 earnings, can I redeem $18 or only $10?

That I still couldn’t figure out.

Hope that you can understand what I am trying to say.

Thanks

June 20, 2016 at 3:52 am

@shavkat  You may not be as active as I am here and that explains why it is taking you longer.  🙂

June 20, 2016 at 3:54 am

@peachpurple   You are free to redeem any amount above 10. I redeemed 10 last time and carried forward the balance.

June 20, 2016 at 4:16 am

@peachpurple I think Grace is right: $10 is just the minimum amount. You can redeem for more if you want, or choose to carry part of the amount forward to get you to the next redemption faster. As I mentioned, it could be a good option if you know that in the coming month you’ll be away for a while and unable to post or interact much.

June 20, 2016 at 5:52 am

@bestwriter I guess I need to squander more time here. If I am not working. I hope I can reach minimum payout here.