Hi, I'm Zina! I'm a personal finance expert with a passion for helping millennials figure out their most pressing financial issues. My interest is personal -- I paid off my student loans in three years and have been helping others take control of their finances ever since. My work has been featured in the Washington Post, Fox Business, Time, Quicken Loans, LendingTree, Forbes, Money.com, Mint, and many more. I currently live in Indianapolis, IN with my husband and two dogs.
Now, don’t get me wrong. There are people who do make a few thousand dollars or more a year with paid surveys. But that’s not the norm. If you do want to increase your earnings substantially, your best bet is to also join focus groups (we have a big list of ’em. Just do a quick search on Google for “moneypantry.com focus groups”). They pay much more between $50 to $400 or more per focus group secession.
Why do you earn just $0.25 to $0.75 for completing a survey rather than $5.00 or more? And why does Inbox Dollars require certain people, based on their lifestyle and certain answers to questions to qualify for surveys? Also why are Inbox Dollars members required to earn $30.00 before they can make a payment, rather than make a payment after first opening an account?
How it works: There are two ways to earn cash with Survey Savvy. The first is, as the name suggests, by completing surveys (which typically pay between $1 and $3 each). However, you can also make passive income with Savvy Connect, which is a lightweight and unobtrusive mobile app that runs in the background on your computer and/or mobile devices, collecting anonymous data to send back to the company. Savvy Connect users can earn $5 per month per device, just for keeping the app installed.
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This is another website that provides paid surveys for Kenyans. The platform has been in operation for many years so you can be sure you will not have problems when it comes to making payments. Note that you will need to have an account with Payza to get you payments once you take part in their surveys. The minimum cashout is $1. They have various payments options, the common option being Paypal.
Inbox dollars is a scam. They will pull you in by offering $5 to begin and another $7 for completing some other tasks. It all goes downhill from there. I quickly realized that filling out countless surveys. I really gave them a try, I tried and tried and tried. Finally I snapped and said “No More!” What happens is that once you start a survey and it could be 15-20 minutes of filling questions, they will reject you based on answering a question as “no”. So you could answer “yes, yes, yes” for multiple questions and after 20 minutes of tedious (and yes, boooring!) questioning you are rejected from survey by punching one lousy “No”. Then they offer “sweeps” which is a raffle ticket that will never win you anything, pathetic! So, after seeing what a sham I got myself into I just decided to get my $30 by strictly opening the “paid mail” and using “paid search”. I had opened the account with them 1.5 years ago and finally was able to collect my $30 (actually $27, they even take $3 for “processing fee” – a final slap in the face) after countless hours of filling surveys and opening stupid paid mail. They pay 2 cents per one paid e-mail so yes it will take a while. I will be closing my account with inbox dollars now that I recovered a small fraction of what my time is actually worth, and I recommend staying clear from them and finding another way of making $$$.
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Now, don’t get me wrong. There are people who do make a few thousand dollars or more a year with paid surveys. But that’s not the norm. If you do want to increase your earnings substantially, your best bet is to also join focus groups (we have a big list of ’em. Just do a quick search on Google for “moneypantry.com focus groups”). They pay much more between $50 to $400 or more per focus group secession.
They don’t give a reason for this, but I assume it has to do with taxes. You see, if you pay someone $600 in any given year, you are required by law to report that earning and send them a tax form at the end of the year. And since 60,000 equals to $600, I assume they have that rule in place so they don’t have to deal with all that paperwork come tax time.
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I agree. It does take awhile to build up money, especially when doing surveys and paid emails. I shop a lot online and it adds up much quicker when you link it through inboxdollars. Also, I do print up the coupons and receive (it does take awhile to process) .10 per coupon. It has taken me 2 years but I have over $206.00 to claim. I, previously, have claimed and received $53.00.
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It seems like IBD has made several changes that benefit them financially and ends up taking away more of the minimal amount of money you earn to begin with. I have always wondered why they only allow a person 20 spins over a 24 hour period. Especially and in light of the fact you are lucky if 20 spins net you .5-.25 cents. I have been trying Cash Crate. And so far, no complaints.