Panda Research Review: Legitimizing a Legal Scam
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Whenever you hear about any new survey sites, you might think, “Not again”.
However, any person who’s new to the surveys and offers scene may think differently. When people are newly introduced to online surveys, all they can think of is how much money they’re going to make.
Then again, it’s human nature to do so. There are a lot of ways to earn some extra cash on the side.
Perhaps the most common ones end up being survey sites like Panda Research.
How Does Panda Research Help?
Panda Research allows people to take part in paid surveys and other gigs such as paid offers, reading emails, trial offers, etc.
Signing up for offers means that you will probably receive product reviews, product tests, etc.
Most survey companies usually ask for your credit card information to supposedly help provide more targeted surveys and offers. Panda Research, on the other hand, requires only your generic personal information, i.e. your name, location, etc.
The data collected through surveys is then provided to the companies who are doing the surveys.
What is Panda Research?
Panda Research is an online survey panel.
It was founded in 2005 and initially was going to be called ‘Research Review’, but was changed later on.
The company is a subsidiary of Illinois-based A&A Marketing, Inc.
If you go to the Better Business Bureau (BBB), you’ll find that Panda Research isn’t accredited; which somewhat suggests a scam.
When you search for A&A Marketing, you’ll find that they’re rated ‘F’, the lowest of ratings. This pretty much makes both of them untrustworthy companies.
How Does Panda Research Work?
Panda Research works as any survey site does. You sign up for Panda, you fill out some surveys, take part in paid offers and paid emails, and then finally start earning money.
When you open their site, you may be discouraged initially, as it looks like it hasn’t been updated in the last 14 years. However, at least you have the sign-up option right in front of you.
When you provide your information and register, the site immediately matches you with some surveys. It even sends potential surveys on your email.
Almost all of the questionnaires have a qualification process that you need to pass in order to fill the survey out.
Because the surveys are mostly put out by companies looking to do some market research, there is a high chance of you failing the qualification process.
But if you pass and fill the survey out, the money will be credited to your account. This money from Panda Research can later be redeemed.
Signing Up for Panda Research Surveys
The only good thing about Panda Research is how easy it is to sign up. When you go to their website, the sign-up page is the first thing you’ll see so just follow these steps:
- After you’ve opened the homepage, enter your information in the boxes;
- Click on the ‘Begin Now’ button;
- You’ll be prompted to a profile survey; complete it and click on ‘Submit’;
- Confirm your email address.
- You’re officially a Panda Researcher; you can now choose from the surveys available or wait to get some in your email.
Ways to Earn with Panda Research
The primary way to earn with Panda Research is through surveys. They claim that some of their surveys can pay around $40 which is pretty unrealistic in online survey realm.
Other surveys allegedly give you somewhere between $1.50-3. Even these numbers are high compared to other survey sites. The reason (as they claim) for such payments is that you need to complete an offer after completing your survey.
If you don’t complete the offer, you don’t get paid.
Other ways to earn with Panda Research are relatively unique.
You can do any of the following:
- Enter the referral program by referring your family and friends
- Complete non-survey paid offers
- Read a lot of paid emails
- Enter giveaways after completing some surveys
- Receive promotions and discounts after completing surveys.
Ways to Redeem with Panda Research
One of the major drawbacks of Panda Research is that you need to have a PayPal account; as it’s the only available payment medium.
Make sure that the email you used to register on the site and your PayPal email match, to avoid any problems.
If for whatever reason, you couldn’t complete a survey or were interrupted, the payment for it is nulled.
You’ll see all your earnings in your Panda Research wallet but in order to cash-out and transfer that money to your PayPal account, you need at least $50 worth of earnings.
Another condition is that $25 of the amount should be from paid offers. Also, you can only request money in $50 lots, which means that even if you have $99, you’ll only be able to redeem $50.
Panda Research pays on the 1st and 15th of every month and a whole 30 days after requesting payment.
There is no other way to redeem your money.
Pros and Cons
- Easy Registration: When you go to their site, you’ll find their sign-up and registration form right in front of you. Soon as you enter your information and confirm your email address, you are ready to fill out surveys.
- Free to Join: Panda Research is completely free and can be joined by anyone. There are no specific age limits, however, surveys may be age-restricted.
- Plenty of Surveys: The site always has a plethora of surveys and paid offers to choose from. Specific surveys are even sent to you by email.
- Bad UI: The site looks like it hasn’t been updated since 2005. The UI is clunky and the site is hard to navigate.
- One Way to Redeem: There’s only one way to redeem your earnings and that’s through PayPal. There is no point in joining the site if you don’t have a verified PayPal account.
- Geographically Limited: If you’re in any country except the United States, you can forget about joining this site. Any IP that’s not based in the United States is automatically rejected; you can’t even make an account.
- Bad Payment Conditions: The countless payment conditions, such as the high redeeming limit, $50 lot payments, etc. are extreme to the point where people just give up after filling out a few surveys.
- Hard to Qualify: The survey qualifiers are extremely limited and sometimes difficult, which makes it very hard to qualify for surveys.
Who is Panda Research for?
Panda Research is basically for anyone looking to make some extra money.
However, that anyone needs to be based in the United States.
In fact, it may not even be for people looking to make extra money because most people have complained about not being paid.
Is Panda Research a Scam or Legit?
After carefully researching for this Panda Research Review, it’s obvious that Panda Research weighs more towards a scam then legit.
Most people complain about the fact that they’ve completed their surveys and reached the $50 limit and still haven’t been paid. That’s where Panda Research’s tons of payment conditions come in.
They have listed all of their terms and conditions and if someone actually reads them before joining, they would never join the site. There are so many loopholes by which they can legally refuse to pay people.
Wrapping Up Our Panda Research Review
It’s already pretty tricky to earn money online, especially through surveys. We then have companies like Panda Research who take advantage of people because they know that almost everyone accepts the terms and conditions without actually reading them.
Technically, what the company is doing is legal but of course, ethically, it’s wrong.
Panda Research review found them to be one of the few companies that may completely come under the ‘scam’ category, so it’s best to avoid the site and look for alternatives.