Thanks or joining me for this thorough review of an earning platform called 20 cogs.
Today I will be finding out how this platform works, how you can earn money from it, how much you could make, and what the pros and cons are likely to be should you decide to join.
Introduction to 20 Cogs
20 Cogs is an online platform that rewards you for completing various offers. Each Cog represents an offer, and you have to complete 20 offers to cash out, hence the name “20 Cogs”. The website is owned and run by Submission Technology LTD, which is a renowned UK- based customer acquisition and marketing research company.
So how does 20 Cogs work?
As aforementioned, 20 Cogs represent 20 different offers. Each time you complete an offer, the respective cog turns amber on the progress & navigation box as it awaits approval. The Cog will remain amber for about 30 days until the offer is marked as complete. Once approved, the cog will turn green.
Ways to earn money
Here are some of the most popular ways you can use to make money on this platform.
• Taking surveys
Surveys are data collection tools that companies use to gather information on various topics concerning their brands.
20 Cogs offers plenty of surveys from these companies, but you may have to go through screening before you can qualify for some of these offers. On average, you should expect at least £7.50 for each task.
• Participating in free trials
Trying out various products and services is another income stream on this platform. It aims at establishing the functionality and effectiveness of various products or services before they are released into the market.
After completing a free trial, you may get to keep the product or earn cash rewards.
• Signing up for free sites
20 Cogs offers you a chance to earn money by simply signing up for various sponsored programs. You may earn as much as £10 for each site that you join.
• Competition entries
Cogs 20 usually hosts a number of contests from time to time. These contests allow members to compete amongst themselves.
If you complete the highest number of surveys or sign up for most sites, you stand a chance to win a wide range of prizes. To join any of these competitions, you have to provide your name, address and phone number.
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How much money can I make with 20 Cogs?
20 Cogs offers high payouts, but the amount of money that you can make depends on the number of offers completed successfully.
The majority of tasks, such as online casinos, pay as much as £30, but you have to provide your credit card details and pay a certain amount to access these high paying offers.
Completing all the 20 Cogs guarantees you more than £200, which is a considerably high amount.
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How and when does 20 Cogs pay?
20 Cogs does not have a minimum payout threshold. However, all the 20 Cogs must first turn green before you can submit a withdrawal request.
20 Cogs pays mainly via Bankers Automated Clearing Services (BACS), which involves transferring money directly into your bank account. You may also request for payment via PayPal.
• Registration bonus
20 Cogs pays every new member £5.00 as a welcome bonus. This is an attractive incentive considering that most GPT sites do not pay freelancers any money upon joining.
• Multiple income opportunities
This platform has numerous income opportunities ranging from taking surveys to completing offers. You have the freedom to select an offer that suits your preferences.
• High payouts
The payouts on this platform are excitedly high. You can earn as much as $30 per offer, with a guarantee to make more than £200 when you complete all the 20 Cogs.
• No minimum payout threshold
20 Cogs does not have a minimum payout threshold, and you can request for payment once all the 20 Cogs have been validated.
• It has multiple payment options
20 Cogs offers multiple payment options including PayPal and BACS (Bankers Automated Clearing Services). PayPal payments are chargeable while BACS payments are free. You have the freedom to choose a payment option that is more convenient for you.
• Reasonable referral program
You can make money referring your family and friends to this platform. 20 Cogs will pay you 5% of your referrals’ lifetime earnings.
• Some offers require payment
The majority of trial offers require you to pay between £1 and £10 before you can earn compensation that includes your initial payment.
• Privacy issues
The fact that some offers require your credit card details may cause some to worry about the risk of unauthorized access to their bank details. Furthermore, other offers require your phone number and this might expose you to spam calls.
• You must complete 20 offers to cash out
There are no shortcuts as far as completing offers is concerned. All the 20 Cogs on your dashboard must turn green before you can ask for payment.
Additionally, it takes up to 30 days before each Cog turns green. This means that it may take more than 20 months before you can cash out.
• Restrictive membership
20 Cogs is somewhat restrictive and does not accept members outside the UK. You must be a resident of the UK to participate.
This restriction is retrogressive as it screens out freelancers who would fancy their chances of earning great cash rewards.
Is 20 Cogs legit?
Several questions have been raised about the legitimacy of this platform considering the fact that it is owned by the same company that runs Paid Offers.
Paid Offers has had some issues surrounding payments over the years, with some members complaining about not receiving payments even after completing offers successfully.
Others have raised concerns about their accounts being deactivated without notice.
Nevertheless, it would be unfair to judge 20 Cogs using the negative reviews of another site. In view of the features available on this platform, including the pros and cons, it is safe to state that 20 Cogs is 100% legit.
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20 Cogs offers its members an easy way to earn money online. However, the money that you receive from this platform can only supplement your regular income and not replace your daily job.
If you are looking for a genuine platform that offers multiple opportunities to earn money online, then consider signing up with 20 Cogs.
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