WARNING: I do NOT recommend Panda Research.
I highly recommend that you join MySurvey.com instead because it’s a MUCH better-paying survey panel.
Lately I’ve been getting a lot of emails asking be whether there is a Panda research scam or if this popular survey panel is legitimate. To help people out, I decided to do a Panda research review so people could see what this offer panel is all about.
Is This Site a Scam?
Before I even get into my personal review of Panda Research , I want to make something very clear: Panda research is not a typical online surveys for money site, but an more of an “offer site”. Let me explain what I mean by that.
You get paid for signing up for various offers (Satellite TV, free trial offers etc.). The site is a bit misleading as it brands itself as a paid survey panel (it isn’t). Let me be clear: you CAN get paid with them, but very little of your money will come from actually taking paid online surveys. So if you”re looking for paid surveys, you should head to my online surveys for money reviews right now.
Of course, this is just my view on Panda Research –but it comes from being an active member on their site for years. I’ve never had an issue with them and they’ve always paid be promptly and fairly for my time and effort. So the choice of whether or not to join the site is completely up to you: I just want you to know what you’re getting into and how it differs from the other sites I tend to review here at Survey Spencer.
Speaking of payments, they even pay up to $75 per completed offer, putting it in the top tier of survey panels out there. Of course, these really lucrative opportunities are rare and I’ve only qualified for a few since joining the site in 2008. However, even the middle of the road surveys for money tend to pay a bit better than most top-tier survey panels. Just keep in mind that for these especially well-paying offers you’ll likely have to either pay a small amount as part of a trial offer or submit your credit card so that if you forget to cancel a trial you’ll be charged.
For me, this is often worth is as I’m quite organized and keep track of any trials that I’ve signed up for. That way, I never forget and accidentally get charged $99 per month (which is what some products charge after the trial period expires).
Let’s look at some other important credibility indicators that I look for before I sign up to any survey panel. The first is whether or not the site is free or paid. As most trustworthy survey resources will tell you (such as this article), no real survey panels or market research firms will ever ask for you to pay a dime to receive access to their survey panel.
Remember: they want people’s honest opinions and this is impossible if they only provide surveys to people that can pay. This is obviously the biggest red flag to watch out for, and in the case of Panda Research, they’re doing just fine. The site is free to sign up and they NEVER ask you to pay anything to receive access to surveys. However, as I’ve pointed out already, this isn’t the case with their trials.
So if you want to simply take surveys, you really don’t have to worry about credit card info or free trials (as free trials have downsides). Just sign up and fill out surveys as they come to you (although I should say that you probably won’t get too many high-paying surveys from Panda Research when compared to other panels.
However, I wasn’t able to find their site listed in the BBB or other business registries. Not a huge deal (usually) but it’s always nice to see this when evaluating a site I haven’t heard of before.
Panda Research Reviews
People have mixed feelings about this particular survey panel. On one hand, people feel pretty confident that the site offers well-paying offers. However, many were concerned because they received only these “offers” and never any real paid surveys. This is an annoying practice that some survey panels partake in. To me, it”s not the end of the world as long as the site pays a decent amount (that’s also why I set up a separate email account just for paid surveys).
You should also know that Panda research pays you once you reach $50 of credit. I personally prefer this cash-based system vs. the often convoluted points system that many other survey panels tend to use these days. Oh, and you should also keep in mind that you must be 18-years of age or older to qualify (which is a lot higher than many other survey sites) and that you have to be a US citizen.