Today we are reviewing the Penpee platform to find out what the earning potential of this site is.
Some of you may have heard of this platform for writers but for those who haven’t……Basically Penpee is an online platform that pays you cash to post your own short stories.
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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. To succeed however, you need to get people to read your creations.
Getting started with Penpee
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 bit 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.
However, if you comfortable with providing this info, then you may go ahead and sign up.
Penpee Membership Levels
Penpee has two membership levels for writers. These include the Starter, 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 3,000 words per story.
Approval time for your story will take 72 hours, and you cannot earn on the leaderboard.
Members require three reader’s tokens to publish their stories on this platform at any given time.
Once you publish your story, you will earn 45% in credit commissions ever chapter of your story read.
- Premium Membership
Premium membership costs £12.99 every six months, or £19.99 for twelve months. Unlike the first membership plan that have stringent word limits, premium members can post stories of up to 12,000 words, which translate to 10 chapters.
You also get 100 bonus credits, and shorter approval times for your stories.
You will also 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 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.
At the time of writing (April 2020) Penpee has a 4/5 score with Trustpilot from 18 reviews.
Most users are very happy with their experience using the site. There are a couple of complaints regarding customer service, although these aren’t the most recent reviews.
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
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Some Final Thoughts…Is Penpee worth joining?
Penpee offers writers around the world an opportunity to make money out of their passion for writing.
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 and you think you have the talent to succeed.
Star Rating 3.5/5- Penpee offers an 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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