Prolific Academic Review-How Much Cash Can You Earn?
Today I am taking a close look at a survey platform called Prolific Academic. In this review I will be finding out what you really want to know, including of course how much cash can you earn!
There are plenty of opportunities to earn cash online by taking surveys, but some platforms are better than others.
You’ve made a good decision to check out the available reviews of a survey site you are considering signing up to. So let’s get started.
What is Prolific Academic?
Prolific Academic is an online platform that offers you a legit opportunity to earn money by participating in scientific studies. This platform allows you to contribute to the advancement of science by taking part in academic research surveys.
Occasionally, you may also receive invitations to take part in app and game testing for startup companies.
The site is owned and run by Prolific Academic Limited, which is a UK- based research company.
The company was established in April 2014 by a group of students who were frustrated in finding participants for their Ph.D. research studies. Ever since its launch, Prolific Academic has attracted over 25,000 users thanks to its unique strategies for recruiting and rewarding participants.
Joining Prolific Academic
Prolific Academic is open worldwide and anyone can register and participate. The registration process is fast and clear-cut, as it only requires your country of origin, date of birth, email address and name.
You may also register swiftly using your Facebook account. Once registered, it is imperative that you verify your email address, phone number or Facebook ID for security reasons. You also have to undergo pre-screening tests to check on your eligibility for various studies.
How Prolific Academic works
Prolific Academic works by administering various research studies to eligible members. Researchers post various studies on the platform and Prolific Academic sends out random invitations to eligible members to participate in the studies.
In essence, this platform helps researchers find the right participants for their studies. In return, participants earn cash rewards for completing assigned tasks successfully.
For you to become eligible for research studies, it is important that you complete all pre- screening tests assigned to you. These tests are easy and only ask a few questions revolving around your demographics.
The main difference between Prolific Academic and other survey sites is that you will never be screened out of a survey once you have already started working on it.
You can also delete a submission midway through a survey in case you encounter any problems completing it. This helps in enhancing quality.
After completing and submitting your research findings, you have to wait for 1-3 days for the researcher to review your answers. The researcher has a maximum of 21 days to review your submission, failure to which your submission will be approved and your account credited automatically.
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The earning potential on this platform is, comparatively to other survey sites, high, considering that most research studies are intricate and require dedicated effort.
You can earn as much as £5 per study. However, most surveys pay between £1 and £4. Compared to other survey platforms, this is a very reasonable amount.
You can earn over £100 per month depending on the number of research studies that you manage to participate in.
How and when does Prolific Academic Pay?
Prolific Academic pays twice a week (Tuesdays and Fridays), and the minimum balance is £5.
However, cashing out at £5 will only attract transaction fees. To minimize on transaction fees, it is advisable that you accumulate your earnings to £20 before cashing out with either Circle or PayPal.
Circle cash outs are free for amounts above £20. However, this service is only available in the US and the UK with transaction fees costing 1% plus 10p for payouts below £20.
PayPal transactions are available to all international members with cash out charges standing at 2.9% plus 20p.
• It is a Genuine Research Panel
Prolific Academic is a reputable research platform.The company collaborates with top universities such as Oxford, Yale, Stanford, Harvard and Cambridge to deliver high quality research data.
Furthermore, this platform is free to join and the company pays promptly twice a week via PayPal.
• High Payouts
Prolific Academic offers high payouts ranging from £1 to £5. This is a reasonable amount compared to what other survey platforms are offering.
You can make an average of £100 or more per month by providing high quality reviews on various research studies. Considering the high payouts, you can reach the minimum payout threshold within no time.
• Low Minimum Balance Requirement
This platform has a very low minimum balance of only £5, and you can cash out at any time once you accumulate this amount. However, members are advised to cash out at £20 to avoid exorbitant transaction charges.
• It has multiple payment options
Prolific Academic offers multiple payment options including Circle and PayPal. Circle payments are only available in the UK and the US, while PayPal payments are available to all international members.
• Good Referral Program
Referring your friends is an easy way of making extra cash online. You can increase your earnings significantly by referring new members to this platform as Prolific Academic pays you 10% of your referrals first cash out amount.
• No Premature Screenouts
You will only receive invitations for studies that you are eligible, and you cannot be screened out in the middle of a survey.
• Informative Surveys
Research studies are often informative and they offer you a chance to expand your knowledge on various topics. Furthermore, taking part in research studies can be very interesting.
• Limited Surveys Available
The research studies posted on this platform are often available when university semesters are in session. The number of surveys available reduces as schools break for the holidays and this might have an impact on your overall earnings.
• Eligibility Issues
Eligibility issues may prevent you from participating in surveys, and you have to go through prescreening tests to qualify for various research studies.
• High Transaction Fees on Payouts below £20
Although the minimum payout threshold is £5, payouts below £20 attract a high transaction fee.
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Joining Prolific Academic is a genuine way of earning money online. This platform offers high payouts with prompt payments twice a week.
Furthermore, it has a low minimum payout threshold and this makes it quite popular with many freelancers. The fact that you will be taking part in different research topics makes it more exciting. Join Prolific Academic today and expand your knowledge base on a wide range of topics.
Thanks for reading this review of Prolific Academic. Let me know in the comments if you have worked with this platform and you want to share your experience.