Thanks for joining me today for my Loop Surveys review.
Surveys unfortunately don’t typically pay very much for the time you actually spend doing them, however some sites are better than others.
My Loop Surveys review will help you decide whether the platform is a good place to get your surveys. It’s important to point out first however that Loop Surveys is only available to U.S and Canadian residents.
So if you are a resident of one of those two countries, let’s start by finding out how much you could potentially earn as a member of this survey platform.
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How Much Can You Earn With Loop Surveys?
The quickest way you will earn with Loop Surveys is right at the beginning when you sign up. You will get a $2.00 (200 points) bonus simply for joining the site.
Bonus’s are always welcome of course, but you haven’t actually earned that money until you cash it out. Nonetheless it gets you off to a flying start.
However, a good start is really what you need because the redemption amount is $25, which compared to a lot of other survey sites, is very high.
So that means if you don’t commit yourself to taking surveys with this site as frequently as possible then you won’t make the cash out sum, and therefore not earn anything at all.
The surveys pay the industry standard of approx $1 to $2 (100 to 200 points), so you may have to take up to 20 surveys before the money gets to your pocket.
What you have to bear in mind is that you won’t always qualify for surveys, and just completing one survey could take you up to an hour when you factor in the qualifying time.
Unfortunately Loop Surveys users do seem to complain a lot about how hard it is to qualify for surveys.
So taking into account the fact that you need to qualify for a survey first, realistically you are probably going to earn no more than approx $1 an hour if you are just taking surveys.
You can however earn more by referring others to the site. The referral program is quite decent because it pays you 100 points or $1 for each referral.
This is better than getting a percentage of your referrals earnings, because often your referrals won’t earn very much or even nothing at all once they sign up.
Once you reach the $25 cash out (2500 points), you can exchange your points for either a physical VISA card or a virtual one.
User Reviews For Loop Surveys
At the time of writing (January 2021) Loop Surveys only has 8 reviews with a score of 2/5 at SurveyPolice. Unfortunately there are no recent reviews here, with the latest one dating back more than 2 years.
Due to the lack of recent Loop Survey reviews, I would be grateful to hear from any readers that are, or have been, a member of the site and want to share their experience.
What Are The Pros Of Loop Surveys?
- Free to join
- $2 Sign Up Bonus
- Good referral program
What Are The Cons Of Loop Surveys?
- Low Earning Opportunity
- High Cash Out of $25
- Only available to U.S and Canadian residents
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Is Loop Surveys A Good Platform To Earn From?
If you want to make cash quickly taking surveys then there are better Survey platforms to choose from. These survey sites pay out much earlier.
However, if you’re not in a rush, then you should be able to build up your account in the same way you can with other survey sites, as the surveys pay around the same.
If you are familiar with survey sites then you know how difficult it can be to get $25 in your account. The $2 bonus is welcome but a further $23 is quite a stretch. I think you would need to be committed to spend a big chunk of your time on the site to cash out in a month.
More realistically it will take you more than a month to earn enough to cash out with Loop Surveys.
You will earn more if you can manage to refer plenty of people either through your friends, social media following or blog. Not many survey sites pay you a fixed amount for each referral like Loop Surveys does. Many opt for paying you around 10-20% of what they earn instead.
Lots of people give up on surveys before they have earned anything substantial, so a percentage of their earnings often doesn’t add up to much.
Have you tried Loop Surveys? How much did you manage to earn as a member of this site? If you want to share your experience please leave a comment below.
Star Rating 2.5/5-A legit survey platform for U.S and Canadian residents. The cash out sum for this site is high however, so it could be some time before you receive any reward for your efforts.
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