Myiyo Review: Can You Earn Redeemable Points by Taking Surveys?
Today in this Myiyo Review I will be finding out if this survey platform offers you the opportunity to earn points that can be redeemed for real rewards.
Taking online surveys is a popular way to earn a little extra cash from the comfort of your own home. Is Myiyo however a survey platform you should consider signing up to?
Lets find out…..
What is Myiyo?
Myiyo is an online platform that gives you a chance to earn money by participating in sponsored surveys from various companies and government agencies across the globe.
This platform is run by Mo’web Research, which is an international market research company based in Dusseldorf, Germany.
How does it work?
Myiyo will send you an invitation to participate in a survey that suits your profile and demographics. However, you must first pass through a screening process before you can qualify for any task.
Once you are eligible for a particular survey, you are required to provide accurate and consistent answers to every question that you encounter during the study.
Myiyo is very strict when it comes to quality, and may reject your survey answers as per their quality assurance standards. You will only receive your payment once your survey is marked as complete by the Myiyo review team.
How much can I make with Myiyo?
Myiyo uses a point-based system to compensate its members for every complete survey. Each survey pays between 500 and 10,000 points. However, high paying surveys are very rare. You may only come across surveys that pay an average of 500 points each.
The amount of money that you can make depends on the length and complexity of the survey. High paying surveys are longer and more complex.
On average, each survey takes about 10 to 20 minutes. The more surveys you complete at any given time, the higher your chances of earning more money.
How and when does Myiyo Pay?
The minimum payout requirement is 20,000 points, which is equal to 20 Euros. However, members who have stayed longer are eligible for lower minimum cash outs of only 10 Euros. Myiyo pays every month via PayPal or direct bank deposits.
Myiyo accepts members from several countries around the world. You can join this platform if you come from selected countries in Africa, Europe and South America. You may be required to visit the official website to find out if Myiyo is available in your country.
Joining Myiyo is easy. The registration process only requires your name, gender, email address and password. You will receive 500 bonus points as soon you fill out your profile survey.
• Free to join
Myiyo is a free-to-join survey site based in Germany. Apart from the free registration offered, the company has a good reputation internationally.
Myiyo pays its members promptly according to the number of surveys completed successfully.
• Profile bonus
Myiyo will pay you 500 points for completing your profile information. Filling out your profile accurately increases your chances of receiving more survey invitations.
• Accepts international members
This platform is not restrictive when it comes to membership. Myiyo accepts international members from countries in Africa, South America, and Europe. However, North American residents are not eligible for participation.
• Convenient payment options
Myiyo offers multiple payment options. The company pays promptly via PayPal at the end of each month. For countries where PayPal payments are limited, Myiyo will pay you conveniently via direct bank transfers.
• Loyalty Program
Loyal and experienced members are eligible for privileges such as low payout thresholds of only 10000 points (10 Euros). Your level of experience is determined by the number of surveys that you complete successfully. Loyalty is determined by the number of days you have been a member of Myiyo.
• Reasonable referral program
Myiyo has a reasonable referral program that pays you 500 points for every new member you invite to this platform. Myiyo will provide you with a unique referral link, which you can use to refer new members to the site.
• Strong security and privacy setting
The company states that it is very serious when it comes to securing your private data. They say your participation in surveys is anonymous, and the company will not share your personal information with third parties.
• Chat Feature
Myiyo has a chat feature on their website that allows you to interact with other members. You can set your shoutbox to be public or private, depending on your preferences.
• Pre-screening tests
It is quite difficult to qualify for surveys. You have to undergo pre-screening tests before you can qualify for any task. Furthermore, these pre-qualification tests are time-consuming, and you will not be compensated for taking time to do them.
• Surveys are tedious
Taking surveys can be tedious. The fact that you have to handle a high number of surveys to increase your earning potential further compounds the problem.
• Low earning potential
The earning potential of this platform is very low. Working with Myiyo will not make you rich, but can only supplement your regular income.
• High minimum payout threshold
The minimum payout threshold of 20,000 points ( 20 Euros ) is very high. It would take you a considerable amount of time to realize this minimum requirement considering the fact that each survey pays an average of 500 points.
You have to complete at least 40 surveys to reach the minimum cash out threshold.
• Limited surveys
Some members have raised concerns about the number of survey invitations they receive in a month as being too low.
The number of tasks that you can receive at any particular time depends on your demographics. You can stay for months without receiving a single survey invitation, which is very discouraging.
• Long Approval times
You have to wait at least 40 days (more than a month!) for the Myiyo review team to analyze and approve your survey answers. Furthermore, payments are only processed either at the end of the month or the beginning of the following month.
Myiyo is a genuine website that gives you the opportunity to become an influencer on issues that affect your region.
By sharing your opinions and ideas about various topics, you can influence current and future products and services. Nevertheless, the earning potential of this site is low.
Furthermore, the high payout threshold, coupled with the long approval times makes it less appealing . Nonetheless, if you are passionate about sharing your opinions through surveys, then you should consider joining Myiyo.
Myiyo Score….5 out of 10
Thanks for reading this review. Let me know in the comments below if you have experience of this platform and you want to share it.