1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Quick Quidco question about minimum payout

Discussion in 'General Discussion' started by Flare, 16 Sep 2009.

  1. Flare

    Mobster

    Joined: 2 Jan 2009

    Posts: 3,549

    Location: Manchester

    Im just setting up my payment settings and at the end it asks for Minimum Payout which is described as Threshold for payment of earnings. Does this mean the minimum amount of money i will payout? If so i thought it was a set cut of £5 a year out of your earnings? It is currently at £0.00 so what does this mean?

    Flare
     
  2. Greenlizard0

    Man of Honour

    Joined: 15 Mar 2004

    Posts: 28,189

    Location: Liverpool

    Once that £5/year admin fee has been taken out - any money you get per month will be entered into your account.
     
  3. Flare

    Mobster

    Joined: 2 Jan 2009

    Posts: 3,549

    Location: Manchester

    so what do i set the minimum payout to?
    does it mean minimum payout from my side (out of my bank acc) or from Quidco's side (payments to me)?

    p.s. your sig has been 4 different pics in the past couple of minutes :D
     
    Last edited: 16 Sep 2009
  4. Danger Phoenix

    Soldato

    Joined: 21 Jul 2004

    Posts: 6,329

    Location: Bromley / Uxbridge

    It means payments from Quidco to you... I have mine set to £0.00 :)

    The £5 fee only goes out of your earnings, so if you earn nothing you pay nothing. Quidco doesn't actually take any money from your bank account.

    See this thread too:
    http://forums.overclockers.co.uk/showthread.php?t=18053136



    It is an automatic rotating one :p
     
    Last edited: 16 Sep 2009
  5. Greenlizard0

    Man of Honour

    Joined: 15 Mar 2004

    Posts: 28,189

    Location: Liverpool

    Mine's set to £0.00 too, though some set it to well over a thousand pounds. I can understand that point of view as a huge cash lump sum is a very nice treat once in a while especially if you're the sort to not notice little bits trickling in instead.
     
  6. Flare

    Mobster

    Joined: 2 Jan 2009

    Posts: 3,549

    Location: Manchester

    Ah right, thanks for clearing that up.
    And yeah, i know how the £5 fee works
    Minimum earnings is now set to £0.00 , i wants my pennies! :D

    ooo, clever! :p
    I thought he was just really bored and constantly changing it :p
     
  7. Flare

    Mobster

    Joined: 2 Jan 2009

    Posts: 3,549

    Location: Manchester

    It would be quite nice to see a few grand go into your bank account at the end of the month but ive got mine set to £0.00. Although I am planning on booking and buying a lot of things for a gap year so hopefully i will get a fair bit of cash :D
     
  8. Greenlizard0

    Man of Honour

    Joined: 15 Mar 2004

    Posts: 28,189

    Location: Liverpool

    Aye you should do, it's a great little service rewarding your for what you normally go and buy if that makes any sense.
     
  9. Flare

    Mobster

    Joined: 2 Jan 2009

    Posts: 3,549

    Location: Manchester

    I just had a quick look and the majority of travel companies im thinking of using are Quidco merchants! :D

    *edit* awww, OCuK aren't a merchant :(