By in Persona Paper

Minimum Payout amount at PersonaPaper

While reading posts by I came to know that there's chance that exchange rate of 0.001 might be raised to 0,002 in October, doubling any amount that we might have made on Persona paper. This is great news but I also read in the same article that the minimum cash out amount will also be raised to $20 or $25. http://personapaper.com/article/12452-has-it-really-been-two-weeks%20, I personally think that this increase is too steep. We do not have that many members yet and I am sure there are only a handful who have gone beyond 5000 coins. I think the minimum payout should not be above $15 at least for 2014. Members can of course opt not to cash out at once and keep accumulating money till they have earned $25 or even $100 but I think a high minimum threshold will discourage new members. What do you think should be the minimum cash out amount at PP? #FOPP #Dawnwriter #poll #Persona-paper #money

5

3 votes / 16% 3 votes / 16 %

10

4 votes / 22% 4 votes / 22 %

15

3 votes / 16% 3 votes / 16 %

20

1 votes / 5% 1 votes / 5 %

25

6 votes / 33% 6 votes / 33 %

Get rid of money. It is the root of all evils.

1 votes / 5% 1 votes / 5 %
This poll has received 18 vote(s) so far.

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Comments

carmela wrote on October 25, 2014, 5:01 AM

i personally believe that a 5$ minimum payout is very attainable here. i have read one post saying he worked for 4 months to earn his 2$. so if the minimum payout is increased to 25$ there is a possibility that it would take a member almost a year to earn it. at 5$ the excitement and the drive to earn will not fade.

bestwriter wrote on October 25, 2014, 5:29 AM

No official announcement has been made yet and so it is just a speculation. I have written a post under humour on the subject

http://personapaper.com/article/13885-the-persona-coins-saga

Jadecat777 wrote on October 25, 2014, 5:29 AM

I did vote for the 25 but if it takes so long just to reach the $5 amount then it will take forever just to cash out. It is tough spending a lot of time for almost little or no earnings.

RegieEstioco wrote on October 25, 2014, 5:47 AM

I am one among the pioneer members of this site but I have yet to experience redeeming. If exchange rate is to be increased at $0.002, payout can also be doubled.

laksh wrote on October 25, 2014, 7:50 AM

At this moment, $5 is the optimum threshold we can have here, according to me. It doesn't make sense to increase it so much. Yes, the site owners can push back the payments they are to make, but it will only drive away not only new members but also old ones. Until the site grows a bit more, $5 should be kept the threshold. I don't think I will give it a try if it is increased.

maxeen wrote on October 25, 2014, 8:06 AM

I think it reminds me of another site that was how it became less popular,I think small ,but often, redemptions are always best.

Dawnwriter wrote on October 25, 2014, 10:23 AM

I hope and take our concerns and suggestions before making the final decision.

Dawnwriter wrote on October 25, 2014, 10:24 AM

True but this link mentioned in my post is by
http://personapaper.com/article/12452-has-it-really-been-two-weeks%20,
(though I have not seen him around since I joined the site)

Dawnwriter wrote on October 25, 2014, 10:28 AM

Double is okay. That would make it $10. $25 means it has been increased 5 times.

MaeLou wrote on October 25, 2014, 11:41 AM

I think everyone needs to be aware of how much has already come out of the owners pocket. We do not want to fall into that category again, as we cannot afford to do so. When the exchange rate is moved up, the minimum payout of $25 WILL happen. This is what makes sense on a business perspective.

MaeLou wrote on October 25, 2014, 11:42 AM

I also wanted to note that when we receive the ad revenue, you wont be sharing it WITH US, you'll be sharing it with each other. It will probably be a long while before we can hold onto our own revenue from the ads.

elitecodex wrote on October 25, 2014, 12:30 PM

I do thank you for your suggestion but there are some factors to take into consideration in order for us to remain sustainable. It is a bit too much to get into in a comment, but I'll be making a post about it soon to address some concerns people may have about raising the minimum payout.

Kasman wrote on October 25, 2014, 12:57 PM

From what admin are saying it's going to be some time before anyone earns any reasonable amount from Persona Paper. I think we should carry on as we have been doing so far and wait until the site is in a position to increase payments in a sustainable way. If that means waiting for months then so be it - we are all here right now earning next to nothing! I think patience is called for.

SLGarcia wrote on October 25, 2014, 2:25 PM

I think a $20 minimum payout is reasonable, but I certainly wouldn't have a problem with $25.

melody23 wrote on October 25, 2014, 2:34 PM

I honestly think $25 is fine, its also the normal cash out amount for most paid to write or whatever sites so people are quite used to that amount. I think every site I write for is $25 except from that awful other place which obviously raised theirs to $50. Earnings will rise with more than just the exchange rate, I have been here pretty much since the beginning and am over the $5 although I haven't cashed it out LoudMan has reached it three times that I am aware of (he donated two of his cashouts to contests) and I can tell you that my earnings are picking up steadily here, slowly mind you but they are heading in the right direction and that's without the exchange rate going up yet. The more we all write and promote this site, the more visitors we will have therefore more ad revenue so more money for the site which lets them raise the exchange rate, but also more clicks on our articles which gives us a bigger share of it. We can all grow this site together, but it will take time.

AliCanary wrote on October 25, 2014, 3:14 PM

I understand why the payout would be raised, because Heather and Will have been open about the struggles they have had with revenue. If they doubled the rate but kept the payout the same, people would start cashing out willy-nilly, and they don't have the money to pay everyone, yet. The reason the rate is so low right now is that they actually can pay, since it takes a while for people to hit 5 bucks, and most of us are not cashing out anyway, because we want to wait for a rate increase. There is not another writing site on the web that I know of that has a payout as low as $5, anyway, so let's not get too carried away ;)

AliCanary wrote on October 25, 2014, 3:18 PM

I disagree. It is the low RATE, not the payout amount, that discourages people. If the rate is increased, you will make money faster, and then a higher payout doesn't seem so bad. I remember when I first joined Bubblews, the payout was $25, and I thought that was really high, until I started earning money fast. Then they doubled it--yes, DOUBLED it--to $50, and they did not increase the pay rate at all! People didn't even complain about that, because they could still make money fairly quickly. That's what I could see happening here--the rate going up is way more important than the payout going up. If you know you can make better money, you won't mind working harder to get to the payout. Besides, it's not like people work to get one payout and stop--they keep going, right?

AliCanary wrote on October 25, 2014, 3:20 PM

Yes, it's not just speculation, if they said they would do it (or that they thought they could do it, anyway). I think that since the time frame is getting a little past us, that doesn't bode well, unfortunately.

LoudMan wrote on October 25, 2014, 8:28 PM

I'm comfortable with a payout at $25 or even more. These folks are good for it. It takes daily, consistent, activity of posting, reading, tagging, sharing and commenting.

Dawnwriter wrote on October 26, 2014, 8:42 AM

My sincere thanks to and for their input. I am also glad that you did not give us any false hopes or dreams. This will help newbies like me to be absolutely sure about the purpose of our writing here.

Lemark wrote on October 26, 2014, 3:35 PM

That is great to hear and thank you very much. But you should keep some part of the revenue. After all it is because of you that we are receiving our share :)

Lemark wrote on October 26, 2014, 3:42 PM

I didn't vote because I don't' care what the payment threshold is. We are here for the long run (http://www.personapaper.com/article/13726-we-are-in-here-for-a-long-run)!

I will post and and comment and share and promote and wait - for the site to establish itself and for the exchange rate to rise. Then I will consider payouts and thresholds.

One other thing - PayPal fee. Whatever amount you claim and receive PayPal will deduct its fee from it.

part of the fee is fixed and part is a percentage of the amount.

I didn't do the math but there is an amount at which the fee starts dropping it you look at the percentage of the whole deduction...

idyll wrote on October 26, 2014, 11:35 PM

i voted $25 because $5 is too less so that i can't make use of it. although i can't hit the current $5 minimum i believe in future PP will be more successful and the exchange rate will be getting higher.

MaeLou wrote on October 27, 2014, 6:01 PM

We'll get there eventually, but after Adsense wrongly banned us, we have a lot to catch up on. I'd rather do well by our members first, and worry about our own revenue later :)

MaeLou wrote on October 27, 2014, 6:04 PM

Right now, paypal has told us to do it as "friends or family" so no fee is involved. Of course, other countries put a fee in there without giving us the option to pay for such fee, but we don't know what countries until we attempt it.

Lemark wrote on October 27, 2014, 6:28 PM

Are we talking about the same thing - a fee on receiver's end?

If I understand it correctly then every commercial transaction has a fee paid by the receiver.

So if you make a 'personal' transfer there is no fee? And PP can make such transfers? Great and nice to know but it doesn't change my mind. I will post and wait :)

MaeLou wrote on October 27, 2014, 8:39 PM

Yes, we specifically asked Paypal how we should go about sending the money and told them what our site was about. They told us to use the "friends and family option" which doesn't charge a fee on either end.

Ruby3881 wrote on October 29, 2014, 1:26 PM

I voted for $25 because I think it will encourage folks to invest more in the site while we're building up the community. Later, $25 will be easy to earn!

Ruby3881 wrote on October 29, 2014, 1:28 PM

I can understand your desire to keep the minimum low enough to be attainable, but I think people will end up losing if they cash out too soon. The need now is for us all to invest in Persona Paper by posting and interacting, and recruiting even more members. Once the exchange rate goes up, people will be encouraged. But we can also drive the increase in earnings for everyone by posting more and getting out there to interact.

Ruby3881 wrote on October 29, 2014, 1:31 PM

I think it might be good for elitecodex to offer an update on this subject before people get too antsy about it :)

Ruby3881 wrote on October 29, 2014, 1:35 PM

I agree Ali: it's the low exchange rate (coupled with low traffic to result in overall low earnings) that is the main obstacle here at Persona Paper.

With Bubblews now paying out roughly half what it did before AND not telling us what their rate is, an increase to $0.002 would be encouraging. But just think: if this site had Bubblews' stats, we could be looking at an even more attractive exchange rate! It's up to us to get the site to that point....

Ruby3881 wrote on October 29, 2014, 1:37 PM

Thanks Will, it's good to know a post on this subject is forthcoming :)

Ruby3881 wrote on October 29, 2014, 1:40 PM

I think it's important to underline that you two (and I think Ashley, as well?) have paid out of pocket in the past. This is a very stark contrast with the way some other sites operate. And no, we don't want you having to pay out of your own funds again. The $25 threshold makes good business sense. And as I said above, it will be a lot easier to reach as Persona Paper grows :)

Ruby3881 wrote on October 29, 2014, 1:41 PM

Again, important point! I think a lot of us are just desensitized to the greed and extremism some other sites display, and we tend to assume that all sites are the same. It's good that you're reminding us of the "Persona Paper Difference!"

Ruby3881 wrote on October 29, 2014, 1:46 PM

It's reassuring to know that you checked with them, and this is what they advised. Did they by any chance give you an idea of when you might have to stop using the "friends and family" option? I know that Bubblews has recently stopped using it, and so now we're all eating a service charge when we cash-out. Again, no advance warning. It wasn't even addressed until people started asking about it in posts.

MaeLou wrote on October 29, 2014, 4:55 PM

No, but this will be something that we ask Paypal about just to be sure, and to alert our members at the same time.

nerdieeds wrote on October 29, 2014, 11:53 PM

I voted for $15; I guess since I am new here, it's difficult to reach $20-$25.

Ruby3881 wrote on October 31, 2014, 2:57 AM

Thanks for the response, Heather. I really appreciate that you and Will are so proactive and thoughtful about the smooth running of Persona Paper :)

allen0187 wrote on November 7, 2014, 5:56 PM

I do not see any problem with the site increasing the minimum payout to $25. Although, I understand if others think that it is too steep. the rate is the key here. That's what we should strive to increase and we can do that by continuously being active here in the site.