Panel Opinion is one of the many survey sites that has been catching some attention. This survey panel operates out of the UK and is part of the MIS Group, known for its market research prowess. The process of earning through Panel Opinion is quite straightforward, as you will mainly answer survey questions. However, to truly grasp how much you can earn, we need to dive into the details of its earning opportunities.
It has some neat features, especially how it works on mobile devices. However, there’s a catch. Earning money through Panel Opinion might test your patience due to its low payout rate.
Now, you might be wondering if Panel Opinion is a legitimate opportunity to make some extra cash online or just another internet scam. It’s totally understandable to have these doubts. The online world has its fair share of misleading offers, and it’s crucial to steer clear of them. You definitely don’t want to end up spending your time on surveys without getting anything in return. Yes, Panel Opinion is indeed legitimate. It’s a real survey panel that compensates you for your time and opinions.
However, just because it’s legit, is it worth your time? Well, that’s a bit more complicated. This is why I wanted to write this review like the many I have done in the past.
By the end of this discussion, you should have a better idea if Panel Opinion is a fit for you.
As in all of my reviews, I’m always 100% honest, so let’s take a look at what it’s all about.
Who Can Join?
When you first visit PanelOpinion.co.uk, it’s not immediately obvious who’s eligible to sign up. However, a clue lies in the website’s address.
During the registration process, you will realize that a UK phone number is needed to confirm your membership. This indicates that the site is primarily available for UK residents. But here’s an interesting twist. If you’re visiting from Europe or the US, the site might suggest joining their partner panels in those regions. For example, United States residents are directed to YoOpinions.
So, to be part of Panel Opinion itself, living in the UK and having a UK phone number is essential. While it’s not the top choice among various UK survey sites, it certainly has its perks, which I will talk about.
The site doesn’t specify a minimum age for joining, but since they use PayPal, a common assumption is that you need to be at least 18 years old to register. This aligns with PayPal’s own age requirements for setting up an account.
Earning Money with Surveys
Let’s start with one of its key features – paid surveys.
As a new member, your first step will be to log into their dashboard and start answering surveys. Your journey begins with a mandatory profile survey, which is crucial for future survey opportunities. The good news is, however, that you will get a small reward for completing this initial survey. It’s a nice little bonus for the time you invest in setting up your profile. All survey sites will always have this profile survey so that they can get to know you. This makes sense because the more they know about you, the more targeted these surveys can be.
The journey doesn’t end with just one survey, though. Your profile needs more details, and filling these out increases your chances of getting more survey invites. Neglecting this step might mean missing out on potential surveys, so it’s wise to spend some time on your profile.
Once your profile is complete, you will start receiving survey offers. Each offer will tell you how long the survey might take and the reward you will get for completing it. Before you dive into the actual survey, however, you will see a few profiling questions. These are there to ensure you fit the survey’s target demographic. If you’re a match, you get to take the survey and earn the promised reward.
But what if you don’t qualify? Sometimes, you’ll receive a small token for your time, even if you’re not the right fit. However, this isn’t always the case. In some instances, there’s no compensation if you don’t qualify. It really depends on the specific survey offer.
Monthly Prize Draw
Another feature Panel Opinion offers is its Monthly Prize Draw. This is where you have a chance to win some awesome prizes. Think of TVs, computers, and other cool gadgets. However, keep in mind that the prizes change every month, so what you see one month might be different the next.
Earning stars is your ticket to these prize draws. Here’s how you can rack them up:
- Earn 1 star just for logging in each day.
- Participate in a mini poll for another star.
- Complete a survey and earn up to 3 stars.
- Invite a friend who registers and you will get 3 stars.
Gathering 100 stars is your goal to enter the draw. Once you hit that number, 100 stars will be deducted from your account as your entry fee.
Now, I must say, it does require patience to accumulate 100 stars. But the potential rewards are pretty enticing. Just remember, at its heart, it’s a lottery. Winning requires a good dose of luck. As in all of my reviews, I want to mention all of its features.
Refer a Friend
Panel Opinion is a bit unique compared to what you might usually find on survey sites refer a friend wise.
Instead of getting a direct reward for each person you refer, this program adds a twist. When you invite someone to join Panel Opinion, you don’t receive a guaranteed reward. Instead, you get an entry into their monthly prize draw.
To invite friends, all you need is their first name and email address, along with a brief message. You can send invitations to up to three people at once.
Now, I have to be honest here.
This kind of referral program might not be super motivating because your reward isn’t a sure thing. It all boils down to luck in the monthly prize draw. However, if you’re feeling lucky and enjoy the thrill of a potential win, then it’s something to consider, I suppose.
How Much Can I Make?
Now, let’s dive into how much you can actually earn.
Your earning potential greatly depends on receiving a good number of survey invites. More invites mean more opportunities to qualify for surveys. Naturally, the amount you earn from each survey also plays a big role. This can be said about any survey-like site.
Survey availability varies among members. However, many say that reaching the payout threshold is quite doable. Your location can be a significant factor in how many survey offers you get. But the good news is that Panel Opinion sometimes compensates you even if you don’t qualify for a survey, boosting your earning potential.
On average, you will earn about £0.50 every time you complete a 10-minute survey, which is fairly low, but the rate can increase if the survey is longer. Seeing most surveys are about 10 minutes, on average, I wouldn’t expect much every month.
Let’s talk about getting paid on Panel Opinion.
When you complete a survey, a specific amount of money is added to your account. Since they’re based in the UK, they use Sterling Pounds, and you need to reach a payout threshold of £10. This opens up three payment options for you.
You have the flexibility to choose how you receive your earnings.
One option is a direct bank transfer (BACS). If you prefer the traditional method, you can request a check in the post, which should arrive within 15 days. Alternatively, you can opt for a PayPal withdrawal.
This variety of payment methods adds a nice touch of versatility to the survey panel. Personally, I find PayPal payments super convenient, but it’s great that Panel Opinion provides multiple options. As long as its cash, you can’t go wrong.
- Highly trusted and reliable, with consistent payments to members.
- Offers good opportunities for earning extra cash.
- User-friendly site and app, making the survey-taking process smooth.
- Multiple payment options including direct bank transfer, check, and PayPal.
- Provides opportunities for participation in market research with decent incentives.
- Regular surveys and prompt payouts.
- Features mini polls and prize draws to increase earning potential.
- Interesting and varied survey topics.
- Good customer service, known for being helpful and friendly.
- Bonus minipolls and VIP monthly draws with attractive prizes.
- Competitions on social media platforms for additional earnings.
- Some users have experienced issues with receiving incentives for market research participation.
- Earning potential is relatively low compared to other platforms.
- Referral program doesn’t guarantee earnings.
- Completing the profile can be time-consuming.
- Lack of surveys available for some users.
- Issues with location criteria, leading to survey inaccessibility.
- Payments for surveys and polls can be insufficient or non-existent for some panels.
- Some users have reported a decrease in survey offers over time.
- Concerns about the effectiveness of having multiple survey panels under the same company.
In the end, it’s clear that Panel Opinion is a genuine survey panel offering a chance to earn some extra cash. However, there are a few things to consider before you decide to join.
Let’s start with the positives.
The site and app are user-friendly, making your survey-taking experience smooth. Another big plus is the convenience of their payment options, including PayPal.
On the flip side, there are a few drawbacks. The earning potential with Panel Opinion isn’t that high compared to other survey sites. Also, their referral program doesn’t always mean you will earn something, and it takes a fair bit of time to complete your profile.
In an ideal world, Panel Opinion would be more rewarding financially. There are plenty of other survey sites out there, such as Swagbucks, that offer better earning opportunities. It would be great if their referral program guaranteed some earnings for each person you invite.
But let’s be clear, Panel Opinion still has its merits. The ease of use is a significant advantage. However, if your main goal is to earn more, you might want to explore the top survey sites in your country. This one wouldn’t be high on my list.
That’s going to do it for now.
As always, I want to hear your thoughts, questions, or personal experiences with Panel Opinion. Feel free to share your insights in the comments below.
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