If you look for simple money making ideas online, you’re going to find a ton of paid survey sites.
Websites like InboxDollars, Survey Junkie, and Swagbucks are just a few of the popular ones that earn you money.
But, one lesser-known survey site is Panda Research, an American market research company that pays you with PayPal cash for sharing your opinion.
So, is Panda Research legit? And how much does this survey site pay?
We’re covering all of these questions in this Panda Research review. Stick around until the end to find out the true earning potential of this site.
Let’s dive in!
Looking for better survey sites to make money online? Checkout:
- Pinecone Research (U.S.) – Earn $3 for every survey and cash out instantly!
- Opinion Outpost – Earn PayPal money and gift cards for sharing your opinion.
Panda Research Review
Name: Panda Research
Description: Panda Research is a paid survey website that lets you earn PayPal money for answering surveys and completing offers.
Operating System: Desktop
Application Category: Survey Websites
Author: Daniel Friedman
Ease Of Use
What Is Panda Research?
Panda Research is an online market research and survey company that lets you earn money for answering survey questions and completing offers.
The company began in 2005 in Illinois, and thes parent company A&A Marketing Inc has created a few survey sites over the years.
Some of the more notable sites under this company include InboxPays and MindsPay.
Overall, Panda Research is also a pretty versatile get-paid-to website.
In fact, Panda Research has grown over the years with new money-saving features such as coupons, discounts, and giveaways.
The survey site pays out twice a month and even lets you earn rewards for reading emails or checking out a product.
But, as this Panda Research review is going to explain, actually earning rewards is harder than it looks with this platform.
How Does Panda Research Work?
As long as you have a working phone or computer and a stable internet connection, you can sign up for Panda Research.
Panda Research works in seven easy steps:
- Sign up
- Complete your profile
- Answer Panda Research surveys
- Refer friends
- Score discounts and coupons
- Earn rewards with paid emails
- Cash out your prizes
Let’s take a look at how everything works and all the earning options the site has.
1. Sign Up
You must be at least 18 years old and live in the U.S. to use Panda Research.
To sign up, head over to pandaresearch.com and hit the “Sign Up” button. You need to enter your email first to begin the sign up process.
The site is a bit old looking which can throw you off at first. Plus, the sign up form requests things like your address, phone number, and date of birth.
Most survey sites don’t usually require this information right at sign up, but Panda Research claims that it needs this information to you safely.
You also enter information like your gender and ethnicity before choosing your password for the site.
2. Complete Your Profile
Once you sign up, Panda Research sends you an email confirmation with a link you need to click on to activate your account.
Activating your account pays you a $3 bonus which is actually pretty generous in terms of beermoney sites.
Once you confirm your email, you get sent to a page where you’re spammed with a bunch of random offers.
For example, there are a ton of “Do you want to win a $1000 gift card?” buttons and discounts on insurance companies and stuff.
The whole thing is just a bit unorganized and confusing to say the least.
However, you can skip straight past that if you don’t want to push any of those buttons and move on to the surveys.
3. Answer Panda Research Surveys
As with most survey sites, Panda Research takes you to a dashboard where you can see all of your offers in front of you in a list.
Each survey includes information like:
- How long it takes to complete
- How much a survey pays
- What the survey is about
- How many other Panda Research members have already completed it
To start a survey that you’re interested in, just hit the “Begin Now” button and continue into the survey.
Just be careful not to get confused between surveys and offers as both of them are mixed together on the same page.
If you’re redirected to a new and random page, chances are that you selected an offer.
The surveys page is honestly confusing and you’re never quite sure whether or not you’re actually completing a survey or just giving your information away.
Overall, the old website layout and random, spammy offers is pretty offputting right out of the gate.
4. Refer Friends
Similar to sites like InboxDollars, you can refer friends to further increase your earnings. Panda Research rewards you 10% of your referral’s earnings.
For example, if you refer a friend and they earn $100, you get $10 transferred into your account.
Keep in mind that this money isn’t taken from your friend. Rather, it’s an additional 10% on top of what your friend makes.
5. Score Discounts & Coupons
Another way to make money with Panda Research is to use its discounts and coupon features.
However, this feature sounds a lot better on paper than it does in reality.
The coupons and savings page is a page that essentially bombards you with a ton of offers that you have to complete in order to earn the discount.
The discounts aren’t for any significant places or companies. Most of them are to save 12% on some unheard of insurance company.
There are also various spammy offers like ones that state you can earn $10,000 just for playing a simple game, which is obviously too good to be true.
Either way, I would probably steer clear of trying to redeem any of these “discounts” that Panda Research claims to have.
6. Earn With Paid Emails
While this isn’t a common feature for micro task websites, you can make money with Panda Research by completing email offers and even reading emails.
In a nutshell, Panda Research sends emails with offers and tasks for you to complete in order to earn cash.
These emailed offers are usually pretty simple, but don’t pay that much.
Also keep an eye out for offers that want to ship a product to you and request credit card information because you can end up paying for an offer you think is free money.
Some people have had issues with the paid emails feature on Panda Research, so make sure you’re picking out the ones that are just basic surveys.
Overall, this survey site makes it really hard to understand what’s legit and what isn’t. It’s safe to say that the emails might not be worth putting effort into.
7. Cash Out
Panda Research pays you with PayPal money on the 1st and 15th of every month. Transfers take between 2-5 days to reach your account.
However, there’s a big catch with Panda Research. The minimum payout amount is $50!
This means you need to earn $50 before you can even get paid by Panda Research. And, even when you do get paid, Panda Research sends you exactly $50.
So, if you make $60 by the time you cash out, you’d still have $10 left in your account after Panda Research pays you.
Most survey sites have a minimum payout of around $10, making Panda Research a difficult survey site to cash out with.
How Much Does Panda Research Pay?
This wouldn’t be an honest Panda Research review if we didn’t discuss the earning potential for this survey site.
Here’s the truth: the earning potential for Panda Research is extremely low.
Not only is it low, but you won’t even be able to cash out soon enough to want to continue earning money.
Sure, you might be able to answer a few 10 minute surveys and get paid $3. However, even these smaller surveys are uncommon and aren’t worth it.
You’re better off sticking to a more popular survey site like Prolific to earn you some legit money.
Extra Reading – The Best Online Jobs That Pay You Daily.
Panda Research Rewards And How to Cash Out
To cash out through Panda Research, select “My Account” in the top right section of the site.
This lets you view your previous earnings from recent surveys and the total cash balance you have in your account.
When you reach the minimum payout amount of $50, you can cash out by selecting the “Get Paid Now” button under your total.
The only way to redeem your cash is through Paypal. There are no gift cards, vouchers, or bank transfer options to use.
Extra Reading – The Best Survey Sites For Gift Cards.
Pros & Cons
If you’re still hesitant about using Panda Research, hopefully these pros and cons will give you more insight to make the right choice:
- Easy sign up process
- Earn $3 bonus for confirming email
- Pays out through Paypal
- Offers discounts and paid offers
- Poor earning potential
- Outdated site design
- $50 minimum payout
- Risky offers and page redirects
It’s unfortunate to say, but the cons seem to outweigh the pros for Panda Research. There’s just something off about the site and we don’t recommend using it whatsoever.
Is Panda Research Legit? – Other Panda Research Reviews
One of the best ways to tell if a survey site is legit or not is to check what other users are saying.
By the looks of things, Panda Research has a reputation for not paying its users on time.
There are users who have been waiting years to get paid and there are too many of these users discussing it online for this to be a coincidence.
Take a look at a review from a user on Site Jabber:
“Been waiting a year for $100 in completed surveys to be credited to my account. You would have more success walking around parking lots and collecting pennies.”
You can also read this Reddit thread discussing if Panda Research is legit. Here’s what user jjharkan says about Panda Research:
“It isn’t a scam. it pays. BUT you have to reach the $50 minimum. Daily mails cannot account for more than half of that and many of the tasks are difficult to do, not worth the time, or just too scammy.”
As you can see, Panda Research isn’t legit and there are too many scammy components within it that don’t make it worth your time.
Panda Research Alternatives
Clearly, Panda Research isn’t a premium survey website where you should spend much time.
But if you want to try other websites like Panda Research that actually pay, you have numerous options:
- Pinecone Research (U.S. Only): Earn $3 per survey and cash out instantly!
- Ipsos (U.S. Only): Earn free gift cards and merchandise for completing surveys in your spare time.
- Opinion Outpost: Share your opinion and cash out through PayPal or with Amazon gift cards.
- Survey Junkie: Earn gift cards and PayPal money and cash out at just $5!
None of these survey sites can make thousands of dollars, but they’re much better options than using Panda Research.
These gigs pay way more and are much more reliable, so just keep the opportunity cost of using paid survey websites in mind.
Extra Reading – The Best Survey Junkie Hacks To Make More Money.
Frequently Asked Questions
Is Panda Research A Legitimate Company?
Panda Research isn’t legit. The cash out requirement is extremely high and there are tons of negative reviews online from users who state Panda Research doesn’t actually pay them.
How Do I Get Money From Panda Research?
You need to earn at least $50 to cash out with Panda Research. You get paid through PayPal on the 1st and 15th of every month after requesting a cash out.
Is There A Mobile App?
Panda Research doesn’t have a mobile app so you must use this survey site through your computer.
Hopefully this Panda Research review provides more insight into the site’s earning potential and whether or not it’s worth using.
There are also lots of ways to earn free money without answering surveys, so don’t feel like Panda Research is your only option!
Unfortunately, Panda Research isn’t worth using in our opinion, but I’ll let you be the judge of that.
Looking for better ways to make extra money? Checkout:
Daniel is a 20 year old blogger from Los Angeles with a huge love for everything entrepreneurship, finance, and investing. When he’s not blogging at Modern Teen, you can catch him playing volleyball, shooting archery, or finding new ways to make money.