How Much Can You Earn Writing Stories With Penpee?

How Much Can You Earn 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.

Cashing out

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

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.

3.5 Star Rating

Our Top Recommended Platform For Writers

If you are a writer then you will know how important it is to build your brand. In our opinion the best way to promote your writing is with your own website.

Having your own website will enable you to earn money from your writing in multiple ways. Not only that, you don’t need to share any of the profits you make. Your articles or stories can  earn you money multiple times over.

Our Top Rated Platform will teach you how to build your writing business from scratch. It’s free to get started with 2 free websites and a free 10 part training course FIND OUT MORE HERE



 

Click Here to Leave a Comment Below

Paul - May 24, 2019

Dear Ray,

Thanks a lot for the very thorough and comprehensive review post.

Being a writer I came across few ads and posts on Penpee. Because of the increased number of online scams I wanted to do some research and I came across your informative review which is a huge time saver for me.

The membership level you explained is very helpful and detailed. I got great insights from your review.

The pros and cons you shared is very helpful in making my decision. The low cash-out threshold, paypal payment option, free to join and accepting writers around the globe are the great news.

I loved how easy the review makes it for readers and no additional research needed. You left no stone up-turned in explaining how it all works. Penpee is on my list!

Much Success!

Paul

Reply
    Ray-Admin - May 24, 2019

    Hi Paul,
    I’m glad to hear that you found my review of Penpee informative. Having been a member of a site similar to Penpee for a number of years it really is all about developing your brand and getting yourself out there. Once people find you and they like what they are reading they will come back for more. Thanks for your comment.

    Reply
RoDarrick - May 24, 2019

As much as penpee fits perfectly well with my line of choosing career to make a living off writing. I do not feel a need to give out my personal details to get accepted. Also, I fancy ghost writing and freelance writing more better than this. The paid membership to earn well is another turn off on my path which I’m not ready to get myself involved in. But thanks for giving out this much info about penpee

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Raquel - May 24, 2019

This seems interesting as I haven’t encountered Penpee before. It’s a wonderful concept to help creative writers get paid but it seems quite small. I read other reviews, and it didn’t seem to be positive ones. Plus it seems that you have to pay for membership before you can get paid more. Since they have to build their membership, which will then be the source of readers who can go through your stories, why not look at other alternatives. Perhaps you can publish your own book at Amazon books, submit a compilation to a publishing house, turn it into a book, or linked to your top recommendation – build your own website and build your own reader base. The last one seems like a better alternative for me.

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Cath Anon - May 24, 2019

I’ve never heard of Penpee until I read your article.  But then again I’m not exactly up to date on things.

However, I’m intrigued by it.  You know we all think there’s a hidden writer in us?  Well this seems to be a great platform for testing out how you will fare as a writer.  If you attract enough people to read a chapter of yours, then you know you’ve got the gift of the pen.  

From the sounds of it, I would start off on the starter membership to see how easily I can produce writings.  And if I start to attract interest and I feel the creative juices flowing, it might actually be worth it to make my way up to full premium membership, no?

Thanks for bringing Penpee to my attention, really appreciate it!

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Dominic - May 24, 2019

Yay!! I suddenly got excited about the opportunity to write on Penpee. I’m already seeing it right now as a way to further sharpen my writing skills, since I’m a blogger who relies on my writing to successfully run my business.

Currently, I’m assessing the pros and cons of the platform, since I’m thinking whether it would be a viable investment of my time and money. Anyways, thank you for recommending this opportunity.

Reply
MissusB - May 24, 2019

Thank you for introducing Penpee as not a lot of people interested in the platform know about this. However i would like to know if the starter level has a limited number of days you can use. Do you think English is the only allowed language? ‘Cause there are writers from different parts of the world and it will be more difficult for them to get readers if their stories are not in English. No offense here.

I agree when you said that having your own blog seems a better option but if your goal is to upgrade your skill, then there is no harm in trying!

Reply
Gaurav Gaur - May 24, 2019

Hi Ray
Quite an interesting review on penpee.
The most lucrative thing a writer can have is looking at his name in print. Writing for passion and earn on the way is a good concept . I like the Basic Membership which is costing 2.99 half yearly.
Anyway, in today’s world of internet, getting individual‘s basic information is not a big deal- but as a platform for new writers searching to get acknowledged – it can be compromised up to the certain limit.
Please suggest how Penpee will contribute to the sale of our Stories through Amazon

Warm Regards,
Gaurav Gaur

Reply
Martin - May 24, 2019

I had never heard of Penpee (a bit of unfortunate naming in my opinion). It looks like an interesting concept.

Looking at the reward structure, I dare say it is quite difficult to make a reasonable amount of money.
However, if you have already good stories waiting to be discovered, Penpee might be a good place to get some exposure. It is an excellent opportunity to gauge the interest your stories can generate.

To earn a living, you probably have to be a top read and a premium member as well.

Well written and informative article.

Reply
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