DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Disclosure.
Panda Research is an established market research company that offers its members cash incentives in exchange for expressing their opinions in surveys. To date, the company has paid its members over $2 million in earnings. Apart from paid surveys, Panda Research also offers its users access to several other perks such as coupons, discounts, giveaways and offers. The platform is also free to join.
- High survey payouts – longer and more complicated surveys can pay up to $50 per survey, although the average payout is around $1.50 per survey.
- Referral bonus – you get 10% of the earnings of each friend you invite. Referral earnings are credited when your friend makes their first withdrawal.
- Surveys are short and easy to complete – on average, most surveys take between 10 and 15 minutes to do. Thus, you can earn up to $9 per hour.
- Earn more from Panda Mail – join the platform’s email service and receive rewards for each email you read (up to a maximum of $25 per payout).
- High minimum withdrawal amount – before you can cash out your earnings via PayPal, you will first need to accumulate at least $50 in your account.
- Long withdrawal time – payouts are done on the 1st and 15th of each month. First time withdrawals must also wait for a 30-day verification period.
Jump to: Full Review
Compare to Other Survey Sites
$0.50 – $5 on average per survey with bonus points ($1 sign up bonus)
Average survey length is 10-20 minutes and minimum payout is $5
Collect rewards in PayPal, Direct Deposit or gift cards (100+ brands)
$0.50 to $1.50 per survey – earn up to $100 each month using Swagbucks
18 unique ways to earn money and free gift cards, plus $5 sign up bonus
Redeem e-gift cards from $1 or withdraw $5 minimum payment from PayPal
How Does Panda Research Work?
Founded in 2005, Panda Research is an online research panel that helps shape brands, products, and services when you provide your answers. Initially, it was going to be called ‘Research Review’, but the name was later on changed.
Panda Research allows you to;
- Join and get matched with paid surveys and market research opportunities
- Complete the surveys and get paid
- Redeem your earnings through PayPal
Panda Research provides a bridge between consumers and advertisers. This allows companies to tailor their marketing and maximize sales.
The members can help companies to gain insight into the market by providing feedback and opinions.
How Much Can You Make from Panda Research Online Surveys?
For shorter surveys that take just 5 to 10 minutes, you can expect to earn $1.50 to $3. But for a longer process of up to an hour, you could earn approximately $40.
While Panda Research has a reputation for offering higher paying surveys, these surveys are few and far between, and often involve a signup offer at the end to complete the survey process.
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.
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 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.
Panda Research Reviews: is Panda Research Legit?
Panda Research is a legit platform that pays users hence not a scam. Apart from Sitejabber, where it is rated 1.3 Panda Research is yet to collect additional reviews from other independent review sites.
The site has also largely been reviewed badly, with most users claiming they’ve been waiting years to get paid. While some users agreed that it pays, they didn’t like the fact that you have to reach at least $50 to get paid.
Since it’s difficult to cash, most users think it’s a scam. That said, some users believe the platform offers them a good opportunity to make money.
Who is Panda Research for?
Panda Research is best for people who want to make extra money taking surveys and completing other offers. The platform is also for companies looking for different opinions and ideas about their products so they can tailor their marketing and maximize sales.
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 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.
The lifespan of Panda Research offers and its surveys varies based on its client’s needs. Typically they will be posted for two weeks. But if there is a good response to an offer or survey it may close within 24 hours.
What Are the Panda Research Pros & Cons?
Panda Research Pros
- Offers PayPal as a method of payment
- Good referral scheme that lets you earn 10 percent of your referral’s earnings for life
- Free to join
- Panda Research does provide access to some decent discount offers.
Panda Research Cons
- High payout threshold
- Limited earning opportunities
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.
How To Sign Up With Panda Research?
To get started with Panda Research;
- Go to the website and click the sign up button
- Enter your name, address, phone number, and date of birth
- Activate your account by verifying your email
- Complete your profile
- Start receiving survey invites
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.
Panda Research will ask you demographic questions such as age, gender, and marital status to ensure you have a diverse membership database. Also, Panda Research can match you up with offers and surveys that you will immediately qualify for.
Sites Like Panda Research
|Panda Research||Branded Surveys||Survey Junkie||Swagbucks|
|Pay per survey||$1.50 to $3||$1 to $3||$0.50 to $3||$0.50 to $1.50|
|Best for||Referrals||Mobile surveys||Focus groups||e-gift cards|
Panda Research vs. Branded Surveys
Branded Surveys is an online platform that lets you earn extra money by taking surveys. While Branded Surveys is available to members living in the USA, Canada, and the UK, you can only access Panda Research if you are a resident of the US.
Branded Surveys also allow you to earn up to $1 to $3 compared to Panda Research’s expected earnings of $1.50 to $3.
In addition, Branded Surveys allows you to withdraw at least $5 compared to Panda Research, whose minimum payout is $50.This means you are likely to start making money fast with Branded Surveys.
Panda Research vs. Survey Junkie
Survey Junkie is a legitimate survey platform that allows you to earn online.
While both Survey Junkie and Panda Research are free to join, Survey Junkie is open to residents of the United States, Australia, and Canada, compared to Panda Research, that’s only open to the residents of the US.
Survey Junkie earning potential is also $1 to $3 per survey compared to Panda Research’s expected earnings of $1.50 to $3. As for the payout threshold, it’s hard to reach Panda research minimum of $50 compared to Survey Junkie’s $10.
Panda Research vs. Swagbucks
Swagbucks is an online platform that lets you make money completing surveys and taking other tasks. While platforms are free to join, Swagbucks allows you to make $0.50 to $1.50 compared to Panda Research’s expected earnings of $1.50 to $3.
Swagbucks also allows you to withdraw at least $3 compared to Panda Research, which requires you to have at least $50 to withdraw. That said, both platforms offer legit opportunities to make money with Swagbucks allowing you to start earning fast.
Other Sites Like Panda Research
Alternative Survey Sites
Panda Research Survey Site FAQs
What is Panda Research?
Over the years, Panda Research has grown with new money-saving features such as coupons, discounts, and giveaways.
While its parent company A&A Marketing, Inc., also owns MindsPay.com and InboxPays.com, Panda Research is the group’s flagship product and has received the most attention from the users.
Is Panda Research free?
Panda Research is free to join and use.
How to download Panda Research mobile app?
No, Panda Research does not have an app, and the website is tricky to use with a mobile device.
Where Panda Research is available?
Panda Research is only open to the residents of the US.
Is Panda Research a scam?
Panda Research offers legitimate ways to earn money hence not scam.
Is your information safe with Panda Research?
Panda Research does not share your information with third parties unless with your permission. Your data is therefore considered safe.
How to contact Panda Research customer service?
To contact Panda Research customer service, go to the website and click contact. Next, fill out the form and submit it.