Quick Quidco question about minimum payout

Flare · 16 Sep 2009 at 18:50

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

Greenlizard0 · 16 Sep 2009 at 18:51

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

Flare · 16 Sep 2009 at 19:00

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

Danger Phoenix · 16 Sep 2009 at 19:06

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

Flare said:
p.s. your sig has been 4 different pics in the past couple of minutes

It is an automatic rotating one

Greenlizard0 · 16 Sep 2009 at 19:10

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.

Flare · 16 Sep 2009 at 19:12

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!

Danger Phoenix said:
It is an automatic rotating one

ooo, clever!

I thought he was just really bored and constantly changing it

Flare · 16 Sep 2009 at 19:14

Greenlizard0 said:
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.

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

Greenlizard0 · 16 Sep 2009 at 19:17

Flare said:
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

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

Flare · 16 Sep 2009 at 19:22

Greenlizard0 said:
Aye you should do, it's a great little service rewarding your for what you normally go and buy if that makes any sense.

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

*edit* awww, OCuK aren't a merchant