The Panel Station Review -Can You Earn Redeemable Points On This Survey Platform?
Thanks for checking out this review of The Panel Station. I will be taking a detailed look at how things work on this platform, how you can get started, what the earning potential is, and the all important question of course….how you get paid.
Introduction to the Panel Station
The Panel Station is an online platform that offers you a chance to earn redeemable points for sharing your views through market research surveys.
This survey panel focuses on gathering and analyzing data based on consumer trends and preferences.
The Panel Station is owned and run by Borderless Access Panels Pvt. Limited, which is an Indian market research agency.
Members can access this platform via PC or mobile app.
The Panel Station is available in selected countries only. Joining is free and anyone above 15 years old can become a panelist on this platform.
The registration process is extremely easy. You only need to provide your email address, name, gender, and city of residence.
You may also sign up using your Google Plus account, which is relatively faster.
It is essential that you verify your account to get access to your dashboard. All your login credentials will be sent to your email address after you successfully complete the verification process.
How does the Panel Station work?
You will receive survey invitations that match your profile and interests.
After accepting an invitation, you have to undergo a prescreening test to determine your eligibility for the survey.
These prescreening tests take about 5 minutes to complete, and any member that fails to qualify for a survey is awarded 20 points.
Upon passing the test, you can go ahead a complete the survey.
You may access surveys through your desktop computer or via the Panel Station mobile app. The app is considered by many as convenient for it allows you to take surveys on the go.
However, you have to invest in a compatible smartphone to use the app.
The earning potential on this platform is considerably low and this is because of the limited number of available surveys at any given time.
Each survey pays a varied amount of points ranging from 500 to 5000 points, with most surveys taking about 10 to 15 minutes to complete. Longer, complex surveys pay higher amounts, but are very hard to come by.
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How and when does Panel Station pay?
The Panel Station uses a point-based system to reward its members.
Considering that the Panel Station is an Indian platform, payments are in Indian Rupees.
The minimum payout threshold is 3000 points (300 Indian Rupees), and you can request to receive payments in form of cash, gift cards, vouchers or sweepstakes entries.
• Trustworthy Platform
The Panel Station is a free-to -join platform with over 1.8 million members across the globe.
In addition, the age limit is only 15 years and this means that teens can also join this platform. Payment is always guaranteed once your survey answers get approved.
• Multiple Payment Options
Members have numerous options when it comes to payments.
Depending on your country of residence, you can redeem your points for PayPal cash, Amazon gift cards, retail e-vouchers or sweepstakes entries.
• Mobile App is Available
The Panel Station has a mobile app, which allows you to take surveys on the go.
You can take surveys conveniently from the comfort of your home, office or even in the bus using the app.
Panel Station app sends notifications to all members as soon as surveys that match their profile become available. This ensures equity in awarding survey opportunities.
• Monthly Prize Draws
The Panel Station hosts monthly prize draws in all their member countries. You can redeem your points for entry tickets and win great rewards ranging from cash to gift vouchers. Furthermore, these monthly draws have more than one winner, but this depends on your region.
• Low payout threshold
The minimum payout threshold is 3,000 points only. This is a reasonable requirement considering that most surveys pay between 500 and 5000 points each. Any member can reach this amount in a short time bearing in mind that you earn 20 points even when screened out from surveys.
• Ambiguous Pay
You will earn a specific number of points upon the successful completion of a survey.
However, a point-based reward system is not always the best, as it does not necessarily reflect on the effort you have to put in to complete surveys.
In addition, the majority of rewards come through gift cards and vouchers rather than cash.
Cash payments are in Indian Rupees and this might prove cumbersome when converting into other currencies.
• Long Approval Times
A major shortcoming about this platform is that it takes ages for your account to be credited.
You have to wait for about 8 weeks for your earnings to reflect on your account.
Some members complain that you have to contact support to redeem your points over the phone.
• Pre-screening Tests
You have to take pre- screening tests to qualify for surveys.
Taking these tests can be relatively tedious considering that most of them take more than 5 minutes to complete.
Furthermore, completing a test does not guarantee that you will qualify for a survey.
• Restricted Membership
The Panel Station is relatively restrictive when it comes to membership, as it is only available in 23 countries.
This may lock out many individuals interested in taking surveys. However, according to the company, plans are already underway to open up its membership base.
• Limited Surveys
The Panel Station promises to offer numerous surveys to its members.
However, the number of surveys available at any particular time is very low and this is the main reason why this platform has a very low-income potential.
Many members seem happy with the income opportunities offered by the Panel Station.
However, it is important to note that you will not earn a substantial amount by taking surveys on this platform.
The Panel Station has a very low-income potential and the limited number of available surveys further compounds the problem.
Nevertheless, the upsides of joining this platform make up for the shortcomings. Payments are always guaranteed, as long as you satisfy the minimum withdrawal limit.
So if you are o.k with low income you can join the Panel Station today and enjoy rewards for simply sharing your opinions.
Have you been a member of this survey panel? If you have and you want to share your opinion then please leave a comment below.