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.
After InboxDollars acquired SendEarnings in 2005, a new holding company – CotterWeb Enterprises Inc – has since owned and operated both entities. InboxDollars also acquired DailyRewards, a Canadian company, in 2014. The company has a number of corporate associations with large companies like eBay, Stamps.com, Netflix, Target, H&R Block, Walmart and PCH (Publisher’s Clearing House).
According to the company’s own website, it has millions of active members using the website. Since 2006, it has paid over $25 million to members and counting through its subsidiary SendEarnings (launched in 2005). Profits and expansion have occurred in every year since inception with the company branching out to the UK with its InboxPounds service in 2012. Today it has over 30 employees.
I’ve been a member of InboxDollars for at least a year which is what it took to me to just get to $30. I didn’t mind clicking the emails but once I hit $25 or so, I stopped getting “paid emails”. So I forced myself to do surveys. Once I reached $28 it was 3-4 days before I even saw another survey offered (besides the 4 that are always there “peanut labs” etc). I finally hit $30 and cashed out but if course there was another hoop to jump through, they tell you that your account must “remain active” until a certain date (March 2nd) for me. Who knows what counts as active to them, so I continue trying to qualify for surveys hoping that counts, otherwise in officially done with them like so many. I was just shocked at how difficult they make it.
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 $$$.