So how does Panda Research match up to the many other survey sites out there? Let’s take a close look to find out.
What is Panda Research?
Panda Research is an online company that pays you to participate in paid surveys and complete trial offers.
The company focuses on providing market research insights to various brands and companies based in the United States.
Joining Panda Research
Unfortunately, Panda Research does not accept international members. You have to be a U.S. resident aged 18 years or older to become a member of this platform.
Signing up is free. However, the registration process is somewhat intrusive, as it requires sensitive information such as your ethnicity, annual income, education, marital status, employment, education, and occupation.
You are also required to provide basic info such as your gender, date of birth and zip code.
Ways of making money with Panda Research
Panda Research offers members several ways to earn money. These include
• Completing surveys and offers
Completing surveys is the main income stream on this platform. It involves answering simple questions about various topics. Each study takes about 20 minutes to complete, and the pay ranges from $1.50 to $75.
You may also be required to participate in trial offers. This involves testing various products over a specified period. You will earn your compensation only after completing a trial offer successfully. Be careful with some of the offers as it can cost you money.
• Reading emails
Panda research offers you a chance to earn money by simply reading sponsored emails. However, you must pass through a screening test to qualify for this revenue stream.
• Referring friends
Referring your family and friends is another viable income stream on this platform. You will earn 10% of what your referrals make.
The minimum payout threshold is $50. You must have a US-verified PayPal account to receive your earnings. You must also wait for a mandatory 30 days before you can receive your earnings.
• Free to join
The Panda Research panel is free to join. You do not need to pay any membership fee to join this platform.
• High payouts
Panda Research offers high payouts on successfully completed surveys. The company claims to offer as much as $75 per completed survey. However, these high-paying studies are rare. Nevertheless, you should expect $1.50 to $12-surveys most of the time.
• Multiple ways to earn money
Apart from taking surveys, this platform offers multiple ways to earn money. You can earn money by completing paid offers or referring your friends to the site.
• Pays twice a month through PayPal
Panda Research pays twice a month via PayPal. Most online freelancers prefer to be paid via PayPal since it is fast and convenient.
You should expect payment on the 1st day or the 15th day of every month. However, you have to wait for a mandatory 30 days after submitting a withdrawal request before you can receive your payment.
• Reasonable referral program
This platform has a reasonable referral program that pays you for every new member who joins via your referral link. You will receive 10% of what your referral earns.
• Pre-screening tests
Panda Research will send you survey invitations from time to time. However, you have to go through screening before you can qualify for these surveys.
The screening tests make it very difficult to qualify for surveys. Furthermore, they are tedious, time-consuming and sometimes intrusive.
You may be asked to provide information about your annual income, ethnicity or marital status, which many people consider sensitive.
• High minimum payout threshold
The minimum withdrawal limit is $50. This is a very high amount considering that most surveys pay an average of $1.50 each.
It will take a considerable amount of time and effort to reach the minimum payout threshold. Furthermore, Panda Research pays in multiples of $50. This means that if your account has $57, you will only receive $50 with the $7 remaining in the account.
• Long approval times
You have to wait for at least 30 days from the time you make a withdrawal request before you can receive your payment.
This is a very long period considering that public holidays and weekends do not count. You also have to verify your phone number before you can receive payment.
• Restrictive membership
Panda Research does not accept international members. You must be a U.S. resident to participate in Panda Research surveys. Furthermore, your PayPal account must have a U.S. profile to facilitate easy payments
• Stringent rules
A number of online reviews have highlighted that Panda Research has very stringent rules, as far as eligibility for payments is concerned.
They point out that the company does not guarantee that you will receive payment even after completing your surveys successfully.
You must follow all rules strictly to guarantee payment. For instance, you must use Internet Explorer when taking surveys or completing offers and you must turn off website accelerators.
Failure to follow these rules will disqualify you from payment.
• More offers than surveys
Panda Research claims to be a survey site. However, the rate at which they offer surveys can be wanting. Most members have complained that this platform has more trial offers than surveys.
To make it worse, some of these offers demand that you purchase a product or participate in a test trial before you can earn money.
• Poor customer support
Panda Research, according to some members, does not respond to emails, especially when it comes to resolving payment issues.
Take Away: Is it a legitimate Survey Site?
Panda Research is legitimate. However, the downsides of this platform seem to surpass the upsides.
Members have to adhere to stringent rules to earn on this platform. The company itself does not guarantee payment if you break one of those rules. This means that you could be wasting your time and effort doing jobs that you will not be paid for.
You also have to wait for a mandatory 30 days to receive payment in case your withdrawal request is approved.
Nevertheless, it does not hurt trying this platform if you want to hone your survey – taking skills.
Panda Research Score…..4 out of 10
Thanks for reading this review. Let me know in the comments below if you have used this platform and want to share your experience.