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Hi Free,
Welcome to the PanelPlace family! =) To help you get started correctly in the ocean of Paid Surveys, we have prepared a series of articles and tips to help you better equip yourself to contribute and benefit from the Market Research industry. There will be 5 facts and 5 tips about Paid Surveys in the series, so please remember to add our email members@panelplace.com into your contact list in order not to miss out our emails. Below is the first fact about Paid Surveys and stay tune for more! |
| Fact #1: Cashout Times and Rewards Vary For Different Survey Panels Many people begin with Survey Panel with the false notion that all they need to do is to fill up surveys and that they will wake up the next morning with the money sitting in the bank account ready to be spent. However, the truth is that there are many different ways that you can be rewarded from a Survey Panel, and majority of the time getting paid involves some waiting. Most Survey Panels pay you to fill up surveys, but they have a minimum threshold that you must make (or a number of surveys you must complete) in order to process your payment/rewards. In the survey world, this is what is referred to as the cashout amount. When looking for Survey Panels, a low cashout isn't always the best thing to look for. It simple means that you may be able to request cashout faster, but in some cases that doesn't mean you receive rewards faster. Once you reach the minimum cashout threshold, you may request for a cashout and there are two types of payment modes that are common for cash payout among Survey Panels. The first mode is via PayPal and it is more common. This means that you request the money to be sent to your PayPal account which can be either instantly sent, or just need a short wait. The other mode to receive payment is via a check mailed to you; this can take up to six weeks to arrive, after you account for the processing period. On top of cash payout, you may also be rewarded with vouchers, gifts, gifts card and more. |
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The PanelPlace Team |
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