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.
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.
From the get-go, new members will instantly earn their first $5. The process of signing up is extremely easy and simple – enter your email, create a password and confirm your account via email. Then, you will need to answer several basic questions that are on par with every other survey panel (i.e. about your marital status, kids, degree, race, income etc).
How it works: With Survey Club, you can take part in some of the highest-paying research, clinical trials and surveys available. There are often location-based opportunities (such as focus groups), and unlike some of the other companies on this list, Survey Club often gives you the chance to test products that researchers will physically mail to you free of charge.
Also, Panel Place makes for excellent user experience. It’s known that survey sites cannot make you rich; instead they are just for earning an extra income. As a result, users typically join different sites to earn extra bucks here and there. Keeping track of your activities in different platforms can be overwhelming. However, if you join Panel Place and connect all the survey panels you join with your Panel Place account, you’ll be able to see and manage all your activities in one place.
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