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If you’re looking to make a little quick cash, survey sites can present some great possibilities. In this Panda Research review, we’ll explore this platform to help you decide if it is the right choice for you.
Panda Research offers simple paid survey opportunities that take just 10-15 minutes to complete. You can also invite your friends to the site and receive 10% of their lifetime earnings as a bonus. However, a $50 minimum payout threshold will take some time to achieve.
- Earn up to $50 per completed survey ($1.5 on average)
- Invite friends & earn 10% from their earnings
- Get paid by the 1st and 15th every month though Paypal
- Earn additional income by reading emails
- $50 minimum payout
- Higher paying surveys are rare
Best Paying Survey Sites
$1 sign up bonus
$0.50-$3 on average per survey
Average survey length is 15 min
18 ways to earn money
$5 sign up bonus
Up to 10% cashback
Most surveys pay up to $1
Earn as much as $50 each month
Rewards are sent in 24 hours
Is Panda Research Legit?
Panda Research has been around for over 15 years, and it has been operating since 2015, making it one of the oldest survey programs. The platform is part of the A&A Marketing Inc company. This group also owns InboxPays and MindsPay among other companies.
Members have earned more than $2 million. Unfortunately, the platform does not have a good reputation. The platform does not have Better Business Bureau accreditation, and it is ranked F.
Additionally, there are quite a lot of Panda Research review comments around. Many users complain about a history of poor payments and a lack of surveys.
However, Panda Research does offer higher affiliate commission, so it could offer a good alternative.
How Does Panda Research Work?
Advertisers need a variety of consumer opinions from different backgrounds to help them better understand the market. Panda Research provides a bridge between consumers and advertisers. This allows companies to tailor their marketing and maximize sales.
Panda Research members can help companies to gain insight into the market by providing feedback and opinions. You’ll even receive payment for your effort and time.
What is Panda Research Sign Up Process?
The Panda Research sign up process is effortless. The entire process only takes a few minutes from clicking the sign up button to confirming your email address. You will need to provide some basic personal information. However this is necessary to learn your demographics, so you can participate in appropriate research projects.
The only caveat is that you need to be a legal resident in the USA and over the age of 18 to create a user account with Panda Research.
How Much Panda Research points are Worth?
Like its sister companies, Panda Research does not use a points system, so all surveys are paid in dollars.
How Much Can You Make from Panda Research Online Surveys?
You need to qualify for surveys before you can participate. This involves answering a short questionnaire to check if you are suited to take a specific survey. You’re not likely to qualify for every Panda Research survey, but if you’re lucky, there is some great earning potential.
Panda Research does have a reputation for offering higher paying surveys. These types of surveys involve a longer process of up to an hour, but you could earn approximately $40. However, these surveys are few and far between, and often involve a sign up offer at the end to complete the survey process.
The more common shorter surveys take just 5 to 10 minutes and pay approximately $1.50 to $3, but you’ll only receive payment on completion of the survey. There are new shorter surveys every week but bear in mind that you won’t qualify for all of them.
Alternative Survey Sites
What Are the Other Ways to Make Money on Panda Research?
Panda Research does operate a referral scheme that has quite generous rewards. You’ll earn 10 percent of earnings from offers and surveys. So, for every $20 your friend or family member earns, you’ll get a $2 boost to your Panda Research account balance.
Frequent Panda Research participants may also receive discount deals and special promotions. These are offered when users complete surveys, but they are only open to participating members, so try to stay as active as possible on the platform.
These discounts can help you to save money on items you were likely to buy, but there are also giveaways and entries into sweepstakes.
Panda Research does send a lot of emails with offers and promotions. You’ll need to sign up for the offer to receive the incentive. However, be sure to check for where there are shipping and handling charges.
You should also be wary of providing your credit card information. Some offers are free trials, but there is a risk that you will see a charge on your credit card if you fail to cancel the account before the end of the trial.
Other email offers involve filling in reviews or completing tasks, so the pay can vary greatly, but this can be a good way to earn an extra few dollars.
How to Redeem Points with Panda Research?
Panda Research has a payment schedule for “employees”. When you reach the minimum payout of $50, payments are scheduled on the 1st and 15th of each month through PayPal. This is higher than many other survey sites, so unless you are lucky to get a $40 survey, you’re unlikely to be able to cash out more than once a month.
Another payment issue is that Panda Research only pays in $50 multiples. So, if your account balance is $55, when you request to cash out, $5 will remain in your account, and you’ll receive $50 into your PayPal account.
Triggering a payment is just a matter of clicking the “Get Paid” button, and verifying your phone number to confirm the payment request. Unfortunately, there is a mandatory 30 day wait period for new account holders.
What are the Panda Research Pros & Cons?
- Although Panda Research only offers one method of payment, it is PayPal, which provides reliable access to your earnings.
- One of the biggest advantages of Panda Research is the platform’s referral scheme. You can earn 10 percent of your referral’s earnings for life. So, if your friend or family member enjoys taking surveys, they could supplement your Panda Research earnings in the long term.
- While you need to carefully check the small print, Panda Research does provide access to some decent discount offers.
- There is a variety of circumstances when Panda Research can terminate your account. There are lots of Panda Research review comments which highlight this issue, and should your account be terminated, you may struggle to receive payment of your earnings.
- Many of the email offers and promotions require providing your credit card details, which can be a risk. Not only is this potentially dangerous from an identity theft perspective, but you may also be billed for products if you don’t cancel services promptly.
- The Panda Research terms and conditions also state that the company does not guarantee payment, so there is a risk that you may work for no payment.
Is Panda Research Worth it?
Panda Research is a legitimate company owned by a parent company with other reputable platforms. Unfortunately, Panda Research review comments highlight that this platform does not have a good reputation within the online community. Most users struggle to make the minimum $50 payout, and there are issues with account cancelation and a lack of payments.
However, if you’re not too bothered about waiting a few months to cash out, you may consider Panda Research a good option. Those looking for reliable, quick payouts should look elsewhere.
The Panda Research website features a contact form, and a member of the customer service team should get back to you promptly.
No, Panda Research does not have an app, and the website is tricky to use with a mobile device.