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Online surveys are a great way to make a little extra cash in your spare time, but you need to choose a legit platform.
In our Myiyo review, we’ll explore this platform to help you make an informed decision.
Myiyo has been around for over a decade, allowing members to participate in market research to help companies develop products and services, earning cash in their spare time. Users from outside the European sphere and non-English speaking people, in particular, are unlikely to get many or even any paid survey opportunities.
- Surveys pay typically 1 – 3 EUR
- Get paid via PayPal
- Email alerts once new surveys are ready
- Referral bonus is 0.50 euros
- Not available in USA
- Payment can take up to 5 weeks
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Is Myiyo Legit?
Myiyo is a market research that is part of the Mo-Web research group and has been around for 10 years. The company has a base in Germany, and at the moment, Myiyo is not available in the US or Canada. Since the company does not operate in the USA, it does not have BBB accreditation.
Myiyo does have a good reputation with the online community. Like most online survey companies, the majority of complaints are about a lack of surveys, struggles to reach minimum payout, and survey disqualification. However, many users find the platform fun and easy to use on a daily basis.
How Does Myiyo Work?
Myiyo provides market research data to their partner companies that need valuable consumer input. This helps companies such as Sovendus develop and improve products and services that are more attractive to potential buyers.
This data can also help build brand loyalty and effective marketing strategies to grow the company. Myiyo rewards members with cash rewards that are paid directly into the user’s Paypal account.
What is Myiyo Sign Up Process?
The Myiyo sign up process is pretty simple. You register directly on the site with your name, email address, and then you set up a password.
If you look at any survey site or a Myiyo review in particular, you will notice that an in depth profile is also essential. The profile helps the survey platform identify your demographic and determine which surveys you can take.
It’s important to be honest and open when completing your profile, failure to do so could result in surveys that are boring to complete, and your disqualification chances will be higher.
Myiyo will reward you with 100 points after you click the confirmation link in an email and another 500 points when you complete your profile.
Then you’re ready to be sent paid surveys and you can get to work. New Myiyo users must be at least 18 years of age, and the platform primarily focuses on European data collection. However, it is available to people in South Africa, Mexico, Russia and Peru.
How Much Myiyo points are Worth?
At the time of this Myiyo review, 1,000 points are worth 1 Euro.
How Much Can You Make from Myiyo Online Surveys?
A survey invitation will be sent directly to the email account you supplied. The invite generation uses the demographic information you provide during initial sign up.
If you want to take part in the survey, click on the link in the email, and you can begin. The number of surveys that you can qualify for varies due to the demographic group that you belong to.
Some users have complained about a high disqualification rate. Sadly, Myiyo does not offer any kind of reward if you screen out from a survey.
An average survey will consist of 20 questions, and it should take around 12 minutes to finish. Every completed survey is worth 1.000 up to 3,000 points depending on the complexity of the material.
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What Are the Other Ways to Make Money on Myiyo?
The Shoutbox panel allows you to create a unique profile where you can post your favorite pictures, videos, and even email votes in exchange for points.
If the entire Shoutbox profile is complete, you will get 500 bonus points, and simply confirming your email address is worth 100 bonus points.
The Myiyo profile has three levels; they are novice, experienced, and pro. This helps other Myiyo users to determine how experienced other members are when interacting with them on the platform.
If you’ve been a member of Myiyo for a long time, you may receive an opportunity for a lower cash out threshold of 10,000 points rather than the standard 20,000 points.
Every friend you invite to the Myiyo platform will earn you 500 points after that new member completes their first survey. Every Myiyo member has a unique referral link supplied with their account that you can share with your family and friends.
How to Redeem Points with Myiyo?
You can request a Paypal payment when your account has 20,000 points. Myiyo only pay out in Euros, so it’s a good idea to check conversion rates if you’re not in a hurry to get your cash. A Myiyo payout can take anywhere from 1-5 weeks to clear, and a bank transfer is an alternate payment method for countries where Paypal is not available.
Myiyo supports the Three Little Birds charity that works hard to help homeless and destitute people. Users can donate as many points as they wish to this charity on the Myiyo platform.
What are the Myiyo Pros & Cons?
- Myiyo surveys are easy and fun.
- Ease to use
- There is no need to check the site for available surveys as they are delivered direct to your email inbox
- You’ll receive an instant credit to your Myiyo account when you successfully complete a survey
- Although anyone can join, residents of some countries are not likely to receive an invitation to take a paid survey
- The real value of the referral bonus equates to 0.5 Euros which is on the low side
- There is no mobile app at this time, and you need to log into the site from your mobile device to take any paid surveys
Is Myiyo Worth it?
Hopefully, we have demonstrated in our Myiyo review that this is a well established and legitimate company to work with. They have headquarters in Germany and have been operating for more than 10 years without any significant drawbacks or scandals. Although they are primarily in Europe, they are also active in other nations outside that region. On the face of it, Myiyo may seem like the perfect online survey taking platform, and many people work with the company daily.
However, there are a few problems with the platform that are worth mentioning. Although Myiyo purports to be an international survey taking platform in reality, it doesn’t live up to this claim.
Users from outside the European sphere and non-English speaking people, in particular, are unlikely to get many or even any paid survey opportunities.
It’s also worth noting that there are no additional ways to earn points other than those listed above, so the survey-taking process can become repetitive and uninspiring. We have mentioned that some users have complained about a high disqualification, but this is a common complaint amongst users of many survey taking platforms.
Aside from these few reservations, Myiyo is a solid and reliable platform that many people enjoy using. Obviously, using Myiyo would not replace any full or even part time income stream. But, if users want something easy to do at home as a side gig, it can certainly fill that role. Myiyo pays the Paypal fees too, which is a nice gesture, and it means that you will receive exactly what you’ve earned when your funds clear.
You can contact Myiyo via email, a postal address, or a contact form on the website.
Yes, Myiyo is free to join and use.
There is no dedicated mobile app, but you can access many surveys on your favorite mobile device.