Panelbase is a legit survey site, but the relatively low rewards for completed surveys make it less ideal as your main option. It offers financial rewards for participating in research studies, but is it a scam or a real opportunity?
This review will provide the answer and help you decide whether or not to sign up for Panelbase.
What is Panelbase?
Panelbase is a UK-based survey site that offers cash rewards for completing surveys. It has been operating since 2005, which is impressive in the survey site industry.
In addition to surveys, Panelbase offers minipolls as a quicker way to earn rewards. The site also has a monthly prize draw for disqualified survey participants, offering a chance to win prizes ranging from £1 to £50. Panelbase has a referral program, but the rewards are relatively low at £0.20 per referral and there is no opportunity to earn a percentage of your referral’s income.
Overall, while Panelbase provides survey opportunities and additional earning options, its referral program may not be a reliable income source in my opinion.
Payment Process and Earning Potential
To receive your earnings from Panelbase, you need to reach a payment threshold of £10. Once you reach this amount, you have two options for requesting payment. The first method is a direct bank transfer through BACS, which avoids PayPal fees. The second option is to exchange your accumulated rewards for vouchers, which will be sent to your provided address via postal mail.
When it comes to earning money on Panelbase, it’s important to have realistic expectations. Survey sites typically don’t provide a full-time income, and Panelbase is no exception. Surveys usually offer rewards ranging from £0.25 to £10, although higher-paying surveys are less common. Patience is required as the frequency of available surveys and your qualification for them can vary.
It’s worth noting that inactivity on your Panelbase account for 12 months will result in the forfeiture of any accumulated rewards. Simply logging back in after this period will not restore your rewards.
Overall, Panelbase may serve as a decent secondary site for earning money, but in my opinion, there are better options available.
Membership and Customer Support
To become a member of Panelbase, you need to be at least 16 years old, have internet access, and either a landline or mobile phone. Currently, Panelbase is available only to residents of the United Kingdom, as their research is primarily focused on UK-based companies. They have mentioned the possibility of expanding to other countries like the USA, Canada, and Europe in the future, but no concrete plans have been announced. If you reside outside the UK, it is recommended to explore the best survey sites available in your country.
Panelbase provides support through Zendesk, a ticket-based inquiry system. You can log in to their site to access the Zendesk helpdesk and submit a ticket for any issues or inquiries you may have. They also offer multiple contact options, including a phone number and a physical address for mailing. Their engagement with users on platforms like Trustpilot and active social media presence demonstrate their commitment to communication with their members.
Pros and Cons of Panelbase
Pros of Panelbase, in my opinion, include its legitimacy as a survey site. As I have personally experienced, Panelbase is a legitimate platform that has been operating since 2005, which is quite impressive for a survey site. They offer cash rewards for completing surveys, and their relatively low payment threshold of £10 allows for quicker redemption. Additionally, Panelbase provides various contact options for customer support, including a phone number and a physical address. Their engagement on platforms like Trustpilot and active social media presence indicate a commitment to communication with members.
On the other hand, there are some cons to consider about Panelbase. One major drawback, in my view, is the fairly low rewards for completed surveys. While the site offers survey opportunities, the earnings per survey are often towards the lower end, typically ranging from £0.25 to £10. Higher-paying surveys are relatively rare. Moreover, the availability of surveys and qualification rates can vary, requiring patience and potentially resulting in disqualification from surveys already completed. Additionally, the referral program on Panelbase offers limited rewards, providing only £0.20 per referral without the opportunity to earn a percentage of their income, as seen in other referral programs.
Is Panelbase Legit?
Well, based on my experience and assessment, I must say that Panelbase does not seem to be worth the investment of your time. While it is a legitimate survey site and provides some survey opportunities, the relatively low rewards for completed surveys, limited earning potential through the referral program, and the need for patience in qualifying for surveys make it less appealing. There are other survey sites available that offer higher rewards and better earning potential, in my opinion.
In conclusion, in my personal view, Panelbase does not appear to be a platform that is worth your time. While it is a legitimate survey site with a history of operation, the relatively low rewards, limited earning potential through referrals, and variable survey availability and qualification rates make it less desirable. There are better options out there that offer higher rewards and better opportunities for earning money through surveys. Therefore, I would recommend exploring alternative survey sites that provide more favorable earning prospects.