How Much Can You Earn Writing Stories With Penpee?
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Today we are reviewing the Penpee platform to find out what the earning potential of this popular site is.
Some of you may have heard of this platform for writers but for those who haven’t……Basically Penpee is a unique online platform that pays you cash to post your own short stories.
Essentially, the platform allows you to earn tokens or credits each time someone reads a chapter of your story. You may then redeem your tokens for cash or gift cards depending on your preferences.
This opportunity to earn money online therefore will appeal to those of you who have a passion for writing. Penpee offers you an opportunity to earn from your unique creativity. Whether you are a skilled storyteller or otherwise, everyone has a story to tell, and there is always someone waiting to read it!
Getting started with Penpee
Interestingly, you do not have to be a professional author to join. Penpee accepts both professional and amateur writers. The only requirement is that you must be at least 16 years old to register as a writer.
The registration process is easy, but it is a little intrusive. Besides providing your basic details such as your name and email address, you also have to indicate your education level, relationship status, and employment status. You also need a profile photo for approval as a writer.
These requirements seem to be quite invasive considering that your relationship status or the location of your workplace has nothing to do with your writing skills. Nevertheless, if you comfortable with providing this info, then you may go ahead and sign up.
Penpee Membership Levels
Penpee has three membership levels for writers. These include the Starter, Basic, and Premium accounts.
The importance of the different types of membership is that it will determine how much credits you will earn.
- Starter Membership
The Starter membership is free, but you can only write up to 7,200 words per story. This translates to about six chapters of 1,200 words per page. However, starter members require three reader’s tokens to publish their stories on this platform at any given time. To earn a reader’s token, you need to read at least 80 percent of a completed story on Penpee. Once you publish your story, you will earn 45% in credit commissions ever chapter of your story read.
- Basic Membership
Basic membership costs £2.99 every six months, but it is also limited to 7,200 words per story. The main benefits of basic membership is that members earn 55% commissions, and writers can join monthly leaderboard contests where you can earn bonuses of up to £0.50 daily. In addition, you do not require reader’s token to post stories.
- Premium Membership
Premium membership costs £126.99 every six months. Unlike the first two membership plans that have stringent word limits, premium members can post stories of up to 12,000 words, which translate to 10 chapters. Moreover, you will earn 70% in commissions every time someone new reads each chapter of your story. You will also earn £1.50 if your story takes the top spot in the daily leaderboard.
Another great feature is that Penpee offers you the chance to promote your books on Amazon, subsequently increasing your readership and clientele base.
How much can you earn with Penpee?
The amount of money you can earn depends on a number of factors, including your membership level and the number of readers you have. Starter members earn the lowest commissions, while premium members make the highest earnings. For each chapter read, Penpee will receive four credits. You will then receive a commission based on your membership level. For instance, Premium members will receive 2.8 credits, which is 70% of 4 credits.
Penpee also pays bonuses for most read and engaging stories. With this in mind, it is important that you try to produce exciting and engaging stories to lure more readers and increase your earnings.
For every 50 credits, Penpee pays you £1. You may cash out at anytime once you accumulate at least £5 or 250 credits in your account. All payments are made via PayPal or World Remit.
What Are The Pros?
– Accepts writers from all over the world
– Free welcome credits after signing up
– Low minimum balance of £5
– Supports PayPal payments
– Reasonable referral program
What Are The Cons?
– Requires a lot of sensitive personal data
– Highly competitive and difficult to attract readers
Check Out Some Of Our Latest Reviews
Some Final Thoughts…Is Penpee worth joining?
Penpee offers writers around the world a good opportunity to make money out of their passion. The platform also offers you the chance to earn bonuses and post teasers to major platforms like Amazon to increase your readership and clientele base.
Besides earning money, you will also be improving your writing skills by posting short stories every month. Putting all these factors into consideration, Penpee is in our opinion a site worth joining, especially if you have a passion to write.
Star Rating 3.5/5- Penpee offers a real opportunity to earn money from your creative writing. To succeed here however you may need a real passion to write rather than to be in it to simply make money. If you have the passion, and love to write stories, Penpee could be a great platform for you.
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