Is MySurvey a Scam? - The Hidden Truths that You Need to Know
Online Paid Survey is one of the most popular ways to earn extra cash online.
And, that's probably why you have landed on this MySurvey review.
You wanted to know if MySurvey is a scam or a legitimate survey portal.
You are in the right place because I will be sharing with you everything that you need to know before you join MySurvey.
I will uncover their real nature of this program and present the facts to you. Whether you decide to join MySurvey, it is entirely up to you.
MySurvey Review Summary
Owner: Lightspeed Research
What You Need to Know:
- It is a survey portal, and there are 4 ways you can earn:
- Completing Surveys
- Product Testing
- You can earn 30 to 50 points per survey, which is equivalent to $0.50 to $1.25.
- Point Conversion: 1100 points is equivalent to $10.
- Redeem points via Paypal, Amazon, Macy's Gift Card, or Bloomin' Brands Gift Card.
- There are not enough surveys to go around. Some members aren't offered any survey opportunities at all.
- You could spend an hour to complete a survey that is estimated to be a 30 minute survey.
- MySurvey pays approximately $1.25 per survey that takes 1 hour to complete, you can earn twice that amount if you work at a fast food restaurant.
- The payout waiting period may take a few weeks, which is very long.
- Many members complained that their accounts were deactivated right before they could cash out.
Bare Naked Scam Rating:
What is MySurvey?
MySurvey is much like any other Paid Survey platforms out there, you basically get paid for your opinion.
MySurvey originated from the National Family Opinion (NFO) organization, that was established in 1946.
NFO used to gather data from consumers in the UK, Canada, France, US, and Malaysia. They ran their surveys via phone or through the mail.
The company wanted to expand their reach, and that's why they created an Online Survey Platform called, MySurvey.
But in 2010, Lightspeed Research, a company that focuses on global market research and analysis, bought over MySurvey.
And, because of LightSpeed's support and the constant development of the internet, MySurvey became one of the largest online survey platforms, and it is still popular now.
How Does MySurvey Works?
MySurvey is available on many digital devices, such as PC, Laptop, Tablet, Cell Phone or Mobile App.
In other words, it offers a flexible way to earn extra cash on the go.
How to Join MySurvey?
Joining MySurvey is absolutely free, and you can easily create an account.
Their website will guide you through a step-by-step process to get you your account activated.
Unlike another online survey company called UserTesting, MySurvey do not have requirements such as specific skills or equipment, or even a screening test.
All you need to do is to input your basic information to create the account.
The platform will require you to complete about ten short questionnaires after your profile is created.
Then, MySurvey's algorithm will use these data to decide which surveys is suitable for you.
After these simple steps, you can now participate with the available surveys on your dashboard.
Four Ways to Earn Cash
MySurvey will credit a certain amount of Points to your account depending on the work you've accomplished.
And, these Points can be converted into a cash or rewards. I will discuss more about the points system and payment methods below.
#1 Earn by Completing Surveys
Their surveys are simple and can be easily completed, and this is what most members like.
A lot of users say that they can easily understand the surveys, and they did not have any problem completing it.
The tests only takes around 10-20 minutes depending on the number of questions. As a result, you can easily do a single task while you are on your coffee break, waiting for a bus, or just simply on a vacation.
The amount of points that you can earn depends on the length, topic, number of people allowed to take the survey, and the level of expertise required.
You can normally earn about 30-50 points per survey, which is about $0.50 to $1.25 . But there are rare surveys that will take you longer to complete, and it pays more than the usual rate.
#2 Earn by Testing a Product
You can also have opportunities to test a product.
The more surveys you take, the higher chance for you to get a testing gig.
You will receive an email regarding the product that you'll test, and you will use the product within a certain time frame.
After that, you'll have to answer some questions regarding your experience on using that product.
However, your review will be payed based on the amount of time that you've spent to test the product.
For example, you will be paid more if you are required to use a certain product for a long period of time to test its effectiveness/effect.
#3 Earn Using Their Referral Program
Aside from answering surveys and sharing your opinion on a product, you can also earn by referring your friends or your family into the platform.
You'll get 50 points for every referral, and there is no limit on the number of people you can refer.
Compared to answering surveys, you can easily earn more points just by referring people to MySurvey.
#4 Earn Points by Winning the Bonus Sweepstakes
This is a bonus program that MySurvey offers for the members.
The more surveys you take, the more entries you'll get for the sweepstakes.
The lucky winner receives a bonus of 10,000 points.
This is a huge amount, but like any sweepstakes, your chances of winning is low, considering that MySurvey has a lot of members.
Ways to Redeem Your Points
MySurvey gives you a variety of choices to redeem your points.
Aside from that, you don't need to worry if you cannot redeem your points on time, because your point's won't expire.
This is unlike another survey company called GrabPoints where your points will be expired if you are inactive for 30 days.
#1 Convert into Cash Using PayPal
You can convert the points you've earned into cash, and it will be sent to your PayPal account. This is a good option because most users prefer to convert their points into cash.
This is the conversion system on PayPal:
- 1100 Points = $10
- 1650 Points = $15
- 2200 Points = $20
- 11000 Points = $100
Compared to other survey sites such as UserTesting, MySurvey takes a longer period (between 4-8 weeks) to process your cash out depending on the country you live in.
#2 Redeem Your Points as a Gift Card
If you often shop in Amazon, then it would make sense for you to convert your points to an Amazon Gift Card.
You also have the option to convert your points to a Macy's Gift Card or Bloomin' Brands Gift Card.
This is a good alternative if you don't want to redeem your points as cash.
1100 points converts to a standard gift card worth $10.
So as you can see, Gift Card's and PayPal's points conversion system are the same.
#3 Redeem Your Points as a Charitable Donation
MySurvey has a partnership with a number charities...
And, if you choose to participate in the charities, you can redeem your points as a donation.
You can donate a total of $10 using your 1100 points.
It is a good option that MySurvey has made, especially if you want to help others using your spare time.
#4 Redeem Your Points by Purchasing Goods
MySurvey also has a massive collection of merchandise ranging from jewelries to electronics.
You can choose whatever you want as long as you have enough points.
The points conversion value remains the same.
Ugly Truths About MySurvey
Before you decide to join MySurvey, here's what you need to know...
Answering surveys is the main option to earn money in this platform. However, let us consider the following factors below.
#1 Surveys Take Longer to Complete
A lot of users are complaining about the estimated time indicator that is declared on the dashboard.
Though the estimated time shown is 30 mins, you could easily spend up to an hour completing the survey.
#2 Rates are Very Low
After you've have completed a survey, you'll only get about USD1.25. This rate is too low considering the time and effort you've spent on the survey.
A part-time job at the fast food restaurant could probably fetch you twice the amount for an hour of work.
#3 Limited Surveys to Work On
Surveys are also limited. When you are done answering all the surveys offered on your dashboard, you'll have to wait for the next day to get new offers.
Aside from that, the number of surveys offered to you depend on how active you are on the platform.
Some users are even complaining that there are no surveys available on their dashboard.
Honestly, this is a common problem for Paid Survey Sites.
It is almost impossible to earn a decent income. Or for the worst case scenario, you'll waste your time and won't earn at all.
#4 The Payout Waiting Period is Too Long
As I have mentioned above, you have to wait for a couple of weeks or even longer before you'll receive your money into your PayPal account.
This will be a problem if you are in immediate need of extra cash.
#5 Complains About Randomly Deactivated Account
A lot of users are complaining that their points are wasted. Their accounts were randomly deactivated just right after when they've earned enough points to redeem.
And the worst thing here is, their accounts never came back.
Trying to contact MySurvey's support is useless as they did not make any statement about the deactivation problem.
That's why so many people claims that MySurvey is a scam.
Is MySurvey a Scam?
Personally, I don't think that it is a scam.
But, I don't recommend it as well.
You see, there are some people who are able to cash out their hard work.
But, there are also people who got their accounts shut down for no reason. Would you want to waste your time working on surveys that will never get you paid? I'll leave it up to you.
In my opinion, MySurvey is not a good source of income.
If you think that MySurvey is not your cup of tea, then let me share this video with you...
My Sincere Advice to You
As I have mentioned above, MySurvey offers you an opportunity to make money online by answering surveys.
However, it might be time consuming and there is no guarantee that you can earn a decent income.
Worst case scenario, you might even waste your time and effort.
If you are looking for a steady source of income, then I would recommend that you check out this program.
This program has helped a lot of people, including me, to become successful online.
If you are interested about how I made my first dollar online to eventually quit my full-time job, you can read my story here.
Thank you so much for reading this review!
I hope that I've provided you with sufficient information to make an informed decision.
If you found this review helpful, please share it! It might help someone who is looking for this information.
Have questions in your mind? Please, feel free to leave a comment below.