Is the Money Well App Legit? Sure, But…

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The Money Well app has more than 10,000,000 downloads with a solid 4.3/5 rating on the Google Play Store.  It seems as if it’s one of the bigger “get paid to play games” type apps, but does it live up to the hype?  Even though these apps have a great review, it doesn’t always mean it’s worth your time.

In today’s review, I wanted to talk about how the Money Well app works as well as what you can expect to make.  So, whether you’re looking for another way to play games or you want to learn more about this app, then I’m hoping this review can help you out.

What is the Money Well app?

Money Well is a GPT-type app that rewards you to download games and then reach milestones.  For example, if you reach level three in a game, you earn a certain number of coins, etc.  I will talk about how it works next.  If you have ever downloaded a “get paid to play games” app, then you already know what I’m talking about.  Now, let it be known that these sites do not pay much, even some of the better ones.  I’m talking a few dollars a month, at most.  It’s more of a way to get rewarded to test new games if you’re into something like this.

The thing about Money Well is that I couldn’t find much about the company that’s running this app.  While it seems as if it’s a legitimate organization, I could not find anything about the company’s history on an official website, LinkedIn page, etc.  While this isn’t a deal breaker, it’s always nice to see the people running the app behind the scenes.

Earning Money with Money Well

Once you download the app, it’s fairly straight forward to use.

As you can see in the screenshot above, you can see the featured apps or you can browse by categories.

Let’s break it down.

Earning with Apps and Games

To earn with apps, Money Well will redirect you to the standard third-party offer wall.  Simply put, they use a provider to provide them with the offers.  They are simply a middleman of sorts and you will find these offers all over the app store.

To earn with apps here, you just read what’s expected of you and you can earn the coins mentioned in the sidebar.  You can also see how hard it will be to earn the said reward.

For example, if you wanted to complete “Bingo Island,” which is a “multi reward,” you could earn up to 96,545 coins.  And, if I were to click on it, I would see this:

Everything you need to know as to how you can earn will be noted here.  So, if you reach level 10, you earn 483 coins.  If you reach level 20, you earn 1,603, etc.  As long as you meet these milestones, you can earn the reward specified.

Now, the thing is that you won’t know how long it will take you to earn these coins.  Does it take 24 hours to reach level 60 or only a few minutes?  This is what’s frustrating, but from my experience, you will find that, sometimes, it can take hours to earn a dollar at most.  Make sure you use your time wisely here.

Earn with Surveys

Aside from downloading apps and games, they also give you the opportunity to earn money with surveys; however, this won’t be worth it as there are much better out there that can pay you much more.

I just want to note this option as I always review these apps in detail to show you what’s out there.

Money Well works with a very well known provider called BitLabs, which you can find on a ton of survey sites/apps.

If you do decide to work on the surveys, you won’t earn much, maybe a few hundred coins, but remember, it won’t be your best option here, as there are so many more that can provide you with a lot more survey opportunities.

How Much Are the Coins Worth?

So, you’re probably wondering what the coins are worth.  Unfortunately, it isn’t as easy as one point equals a penny.  Instead, they make it hard to determine what you can make.

Depending on the reward you choose, every 10,000 points seem to be worth about $1 in value.

For example, if you choose the PayPal option, you will need 9,898 points to cash out for $1.  A $2.50 Amazon card, however, will set you back 23,533 points.  In my studies here, I would say you should plan on making $0.10 per 1,000 points.

The Rewards

The nice thing about the Money Well app is that you only need $0.50 to cash out via PayPal, which is one of the lowest payout thresholds in the industry.  However, if you want a different reward, aside from PayPal, you can choose from others, but they have a different threshold.

As I was writing this, here are the rewards I could choose from as well as the minimum threshold:

  • Google Play ($10)
  • PayPal ($0.50)
  • Amazon ($2.50)
  • Starbucks ($5)
  • PlayStation Store ($10)
  • BJ’s ($5)
  • TGI Friday’s ($5)
  • Nike ($10)
  • Xbox ($15)
  • Walmart ($5)

Signing Up

If you’re interested in the app, even after everything you read, then you can sign up by downloading the official app on the Google Play Store.  At the moment, this is the only way to download it, as there’s no desktop version nor is there an iTunes app.

When you download the app, you will be asked to register on the app, which will only take a minute.  They simply ask for your gender, age, as well as ask you to create an account, in which you can do either via Facebook or Google.  You can also create an account using a separate email as well.

After you grant permissions so that it can track you while you’re using the app, you’re good to go.  In registering, you can earn 4,499 coins in doing so.

The nice thing about Money Well is that it’s open globally, however, the amount of rewards as well as the games available will greatly depend on where you live.  Your results will vary.

The Pros:

  • can play games and earn
  • only need $0.50 to cash out
  • lots of rewards

The Cons:

  • won’t earn much
  • nothing unique

Final Thoughts

3/10In the end, Money Well isn’t anything unique.  I have seen a ton of these apps and they all offer the same thing, however, I will give them credit in that their payout thresholds are quite low.  While there’s nothing wrong with this app, if you have downloaded an app such as this before, then you won’t experience anything new.

While the app is legit, don’t plan on earning much.  I’m talking a few dollars a month if that.  I would never recommend using this app to make money, but only as a way to maybe test a few apps out. If you wanted a new app, why not at least get rewarded, right?

That’s going to do it for now.

As always, if you want to chime in, feel free to do so in the comments below.

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Tom Nathaniel

Hi! My name is Tom Nathaniel, and I created LushDollar to help share my honest thoughts on everything money. You won't find gimmicks here. It's the Internet's most honest money site after all. I graduated from Arizona State University, and I have worked in the finance industry since 2006, consulting with multiple Fortune 5000 companies.

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