Panda Research is one of the most popular survey sites out there.
It offers an opportunity to earn money online through surveys and paid offers.
Members get paid with a small amount of money by participating on these opportunities, and it can be redeemed as cash via PayPal.
Sounds like a typical survey site isn't it?
But, there's something ODD...
Panda Research guarantees that you'll get a credit for every task you do on the platform.
However, if you check the Terms and Condition of their website, the company says that it DOESN'T GUARANTEE that a member will be paid for a completed survey and offer!
What?! Panda Research is contradicting itself!
The fact is, there have been many complains from members that they were not rewarded with the credits after completing the surveys.
And, when members do get enough credits to cash out, they were left high and dry.
That's why I don't recommend that you take the risk with Panda Research. Though it is not financial risk, but you risk wasting a lot of your time.
There are much better Get Paid To (GPT) sites, like PrizeRebel, where you are guaranteed a payment when the time comes.
But honestly, for all GPT sites, you'll have to spend a lot of time and effort, without getting paid a lot.
If you are someone who is looking to earn serious money online, you have a better chance with this program. It is a program that has taught thousands of individuals, like you and me, to succeed online. Here's my testimonial.
Income Opportunity Rating:
Something Odd About Panda Research...
#1 Site Design is Dated
Right off the bat you'll realize that the site design is dated. It is as though no one bothers to maintain the website, let alone improve the user experience.
Some people might take this positively, but many take this as a sign that the website is poorly maintained.
I don't about you, but personally, I wouldn't trust my personal data with an outdated website.
#2 Panda Research paid $2,238,507 to its members since when?
In the article posted by Good Financial Sense dated 21 August 2018, Jeff highlighted that the payout counter amounted to $2,218,359 was not updated for a long time.
But, while I am writing this review, the counter is updated at $2,238,507. This means that for the past 4 months (since August to December 2018), Panda Research has only paid out $20,158.
I am pretty sure there are hundred thousands, if not millions of members on the platform.
So, this figure shows a lot of Panda Research, don't you agree?
What's your opinion, share it in the comments section below.
How Does Panda Research Work?
Getting Started with Panda Research
Panda Research is only available for the U.S. residents who are 18 years old and above.
The registration is free, all you have to do is to input some personal information to get started.
Panda Research will use these data to decide which surveys you qualify for.
After you fill up the registration form, you'll have to answer the New Member Questionnaire, which will decide if you are eligible to take $3 (or above) survey offers.
After you've successfully completed the questionnaire, you'll have to confirm your email address and phone number to start receiving paid offers and survey invites.
How to Earn Money on Panda Research
Panda Research offers a lot of ways where you can earn some cash, such as surveys, online offers, opening promotional emails, and a referral program.
#1 Earning with Paid Surveys
Most of the surveys take 10-20 minutes to complete, and pay up to $3.
However, you have to answer some screening questions first. If you fail to qualify, or you got "screened out" (thrown out of a survey halfway through), Panda Research will not reward you for your efforts.
On the other hand, if you've successfully complete a survey, it could take up to one week before you can actually receive your cash reward.
#2 Get Paid for Completing Offers (Beware of this!)
Paid offers can be a free trial, or a service subscription. But, I'd like to caution you that you should only take up offers if they are products or services that you use anyway.
Do not purchase the products or services just to earn small rewards from Panda Research!
Because, more likely than not, you'll be spending more money than you can earn.
#3 Earn by Referring Others
One of the most lucrative ways to earn money is through the referral program.
You can get 10% of the earnings (from surveys and paid offers) of your referrals as long as they are active.
How Does Panda Research Pays You?
PayPal is the only way that you can redeem your earnings.
You can cash out as long as you've earned at least $50 ($25 must be from paid offers).
Now you know what I don't recommend Panda Research. They forces you to take up offers that may or may not be useful to you. I understand that some are free trial offers and have no financial obligations, but you really have to be careful (I'll explain more below).
Panda Research pays you on multiples of $50 (e.g. $50, $100, $150...), which means that if you have $52, you'll only get $50 and the remaining $2 will be left in your account.
And, you know how hard it is to accumulate the next $50.
Panda Research requires you to call their department phone number first to verify your payment request.
And after that, you'll have to wait for 30 days before you can receive your money into your PayPal account.
You'll receive your cash either on the 1st or 15th of the month.
Should You Join Panda Research?
It is a straight NO for me!
There are just too many problems with Panda Research...
#1 It is HARD TO QUALIFY for Surveys!
As I have mentioned above, you have to go through a set of screening questions before you can work on the actual survey.
There is a high chance that you might not qualify, because of the requirements they will not disclose. And, the worst part is, you won't get paid for answering the screening questions.
Survey opportunities are already scarce and the pre-qualification makes it even harder to get rewarded.
To top it off...
- You might get thrown out of a survey you qualify for because halfway through, some answers you've provided triggered an automatic screen out; and
- Even if you've successfully completed your survey, being rewarded is at the discretion of the person receiving your data. If your answers are not valuable to them, you will not get rewarded.
As a result, there is a high possibility that you are going to waste a lot of your time and effort, and not getting paid.
This is probably why so many members claimed that Panda Research is an outright scam.
#2 Beware of the Paid Offers
As I've said above, you really have to be careful when it comes to taking up offers.
I mean if it's free to take up the offers, it is totally fine, but you have to read the terms and conditions very carefully.
Some free trial offers makes it difficult to cancel the trial, and they ask for your credit card information right up front. What if you forgot to cancel the trial or you find no means to cancel (this happened to me before)?
The worst is if you are required to make an immediate purchase just to earn some money from Panda Research. Would you risk your money like that?
An advice to you if you decide to embark with Panda Research or other GPT sites...
You should never be required to pay for something in order to earn it back later on. Legitimate GPT sites will never do such a thing.
#3 Cashing Out Seemed Impossible
The minimum payout threshold is $50. Firstly, it is too HIGH!
And secondly, $25 (out of the $50) must be earned from paid offers.
If you don't wish to risk your money on paid offers, then Panda Research is not the right GPT site for you. You may want to check out PrizeRebel instead.
Thirdly, survey opportunities are hard to come by, you won't be paid much, and you risk not getting paid for it (as I've mentioned above).
And lastly, many members have complaint about not getting paid at all, even when they've reached the $50 threshold and have requested for it.
Considering these factors, would you want to risk it with Panda Research?
Is Panda Research a Scam?
There are just too many negative factors that I consider Panda Research a borderline scam. I'm sorry to say that.
First and foremost, it doesn't guarantee that you'll get paid for the offers and surveys that you complete. This is the complete opposite of what is advertised on the website.
There is a high chance that you will be wasting your time and effort!
Secondly, some paid offers are shady, you really have to do your due diligence to protect your interest.
Thirdly, there is concrete proof that only $20,158 were paid out by Panda Research over the past 4 months (August to December 2018). This means that only a small percentage of all members were paid.
And lastly, cashing out your earnings seemed almost impossible. The payout threshold is too high and they force you to take up paid offers (by requiring you to earn half of credits through paid offers).
My Sincere Advice to You
Your time is precious, and you should not be wasting it on Panda Research.
You might get a better chance to be rewarded with PrizeRebel, because members do get paid as promised.
But, like all GPT sites, you can't expect to earn much, even if you've put in a lot of time and effort.
If you are looking to earn serious money online, GPT sites is not the solution for you. I recommend that you check out this program instead.
This is the program that is behind the thousands of online success stories, including mine. My humble success story here.
Thank you for reading this Panda Research review!
I hope that I've provided you with sufficient information.
If you found this review helpful, please share it! It might help someone who is looking for this information.
Were you or are you a Panda Research member? Share your opinion in the comments section below.