In this review, I’ll give you my honest opining about an American survey panel called Panda Research. Is it a scam? If not, then is it worth your time and effort?
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Panda Research Review
- Platform: Panda Research
- Website: com
- Price: Free to Join
- Strategy: Online Surveys
- Overall Rating: 2.4/5
What is Panda Research?
As a member, you will be invited to share your opinions on many topics.
By doing so, you are helping companies to perform marketing research understand consumer behavior so that they can improve their products and services.
I haven’t found any information about the company behind PandaResearch.com on the website, which is odd because if you are proud of your company, why wouldn’t you show up the trophy?
After a quick research though, I found the website is owned by A&A Marketing Inc. located in Buffalo Grove, Illinois.
Their official website is www.aam2.com, which in turn, doesn’t mention Panda Research as part of their brand portfolio.
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The question is: why can’t we find the connection between Company and website easily?
Is Panda Research a Scam?
I don’t think it is a scam. However, you should keep in mind they have a clause in the terms and conditions that says there is no payment guarantee.
Here is the entire paragraph:
NO PAYMENT GUARANTEE. PandaResearch does NOT guarantee that a member will receive credit for a completed survey and offer. PandaResearch will make reasonable efforts to track and report your signing up for offers but does not guarantee the precision of the process. We reserve the right to refuse the credit to members for offers for a variety of reasons, including, but not limited to, Lack of appropriate information, Improper signup, Improper browser settings, Errors in third party reporting, and/or any other reason.
So, while you are putting the time and effort into providing helpful insights for companies, they can refuse to pay you for any reason.
How Does it Work?
The registration is free like in any other legit panel, but I didn’t like the fact that I had to complete 3 questionnaires and even provide my phone number to get access.
If you say yes to some of those questions, you will agree to be contacted via email or phone by different companies.
Here is one example:
After you finish the questionnaire and confirm your email account, you will get $3 as a signup bonus.
Panda Research provides an extensive list of survey opportunities. But you probably won’t be qualified to take all of them.
First, you need to answer pre-qualification questions that will check your eligibility for a particular study.
For example, if a pharmaceutical company conducts a study about lower back pain, they may select only people with that condition.
In that case, if you answered you had no back pain, you would get screened out.
The problem is that many of these pre-qualification surveys consist of a couple of questions.
So, you should be prepared to waste a lot of time in the process as you won’t get paid for trying.
Most surveys pay between $1 to $3 and take 10-20 min to complete. But there are cases when you can earn more or less depending on the type and length.
Always read the instructions carefully as each survey or offer may have different rules.
In my opinion, the payout requirements are quite disappointing.
First, you can only request a payout via PayPal once you reach $50.
Second, the pay on the 1st or 15th of every month, but only after 30 days of your request.
Third, they only pay multiples of $50. So, if you have $60 in your account, they will retain the extra $10 until you reach $50 again.
Fourth, they will ask you to call their department phone number to verify your payment request. This a unique requirement that I have never seen on other sites (I have reviewed over 100 surveys panels and GPT platforms).
Despite all the time spent qualifying and taking surveys, there is no guarantee they will pay you as stated in the TOS.
Panda Research is legit survey panel, but in my opinion, they should provide a quicker and more straightforward payment method.
Another significant drawback is the fact that they can deny your payment for any reason.
We will never know for sure whether someone was denied payment for any reason. But it’s a possibility that can’t be ignored.
I think they should honor people’s time and effort and make sure all genuine users get paid.
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Thanks for checking out my Panda Research review. If you have any thoughts or questions about it, feel free to drop me a message below.