How Much Can You Earn With Panel App?
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Welcome to our review of Panel App. We will be finding out today what the earning potential of this App is, and how you can take advantage of the rewards it has to offer.
There are lots of reward Apps to choose from these days, so our review will uncover everything you need to know about Panel App so you can see how it matches up to the rest.
Introduction to Panel App
Panel app is a mobile loyalty program that awards you redeemable points for completing location-based surveys and submitting data about your location. What is interesting is that you do not have to do anything at all really to earn points. That’s because the app runs in the background collecting and measuring data about your device and location for market research purposes.
After reaching the payout threshold, you may exchange your points for various rewards, including cash, gift cards, sweepstake entries, and other great prizes.
Signing up to Panel App
The Panel app program is location-based, and you can only sign up if you are a resident of Australia, Canada, the UK, or the US. In addition, applicants must be at least 14 years old. If you are below 18 years, you may only register after receiving consent from your parent or guardian.
The process of signing up is very simple. After downloading and installing the app, you may create an account using your email address or sign up with your Facebook ID. The Panel app does not require any more details from you, but you have to turn your GPS on for the app to detect your location.
How to earn points with panel app
Earning points with Panel app is very easy. In fact, you can gain points passively without having to complete any task. All you have to do is to leave the app running in the background to earn. However, this will limit your income potential, as points earned through this method are not much.
Another way of earning points is through completing surveys. Panel app will send you at least one survey daily. However, the availability and frequency of survey opportunities depending on your location. What is interesting about Panel App is that if you always travel a lot, and visit different locations frequently, then you should expect plenty of surveys at any given time.
Nevertheless, you have to let the app run in the background while traveling for the app to monitor your movements and invite you for surveys accordingly.
Earning with referrals
Besides earning points passively and completing surveys, you may also increase your earnings by inviting your friends to join the program. For every new member who signs up using your referral code, Panel app promises to pay you 10% of what their lifetime earnings.
Panel app also runs various social media events and competitions where you can participate and earn extra points or sweepstake entries. The app normally lists the events days in advance hence, it is advisable that you check your phone from time to time not to miss out.
How much can you earn with Panel App?
The income potential of the Panel app is very low. In fact, the app does not indicate publicly how much you can earn for every task you complete. However, based on our experience, most tasks pay between 10 points and 50 points. This means that you should not expect to earn more than 1000 points in a month. For every 1000 points, Panel app will pay you $1.
The minimum payout threshold is 1000 points ($1). However, different rewards have different cashout requirements. For instance, if you want to redeem your points for sweepstake entries, you will have to part with 25 points.
Some sweepstake entries cost as much as 100 points depending on the prizes at stake. For gift card redemptions, you need a minimum of 2,000 points to earn a $2 Amazon gift card.
Previously, the app used to offer cash rewards via PayPal. However, this is no longer the case. The closest you can redeem your points for cash is through the Visa Card option.
What Are The Pros?
– Easy sign-up process
– Very easy to earn points (passive income)
– Multiple revenue opportunities
– Fast payouts
– Different reward options including gift cards, merchandise, and sweepstake entries
What Are The Cons?
– Only available to residents of the US, UK, Australia, and Canada
– Requires a high-end smartphone
– Ambiguous pay
– Very low-income potential
– Infrequent surveys
– Tasks are location-based
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Is Panel App worth joining?
Panel app is undoubtedly a legitimate income opportunity. The app allows you to make money without doing anything demanding. However, the earning potential of Panel app is very low.
In addition, some may consider the app to be too intrusive as it monitors all your movements and the activities you carry out on your phone. For this reason we do not recommend the Panel app unless you are happy to share your movements and activities.
Star Rating 2.5/5-The Panel App offers a legitimate opportunity to earn a little extra for little effort. The income potential however is very limited.
Our Top Recommendation
If you like the idea of earning a passive income, then referring people to platforms like Panel App could provide you with a means of earning money without having to carry out small tasks.
There are also better Referral programs than the one offered by Panel App, and therefore potentially more lucrative. With your own website you can write reviews and articles with links to various platforms that have referral programs. When people sign up or earn money themselves, you get a percentage or commission.
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