Panelbase Review – Popular Website or Not Worth Your Time?

Panelbase is a free online research panel which is only available to new members in the UK. The site rewards their members for taking part in market research surveys. The Panelbase website is a division of Dipstick Research who are a popular market research agency. Dipstick Research works with some of the biggest media agencies and companies in the UK, Europe and from around the world.

Taking Surveys at Panelbase

When a survey becomes available you will be sent an email invitation. The invitation includes how long the survey project will stay open for, the reward you will receive and the amount of time it is likely to take. Clicking on the link within the email will take you directly to start the survey.

For each paid survey you complete you are rewarded with a cash payment which is added straight into your account. The cash payments vary from 25p to as much as £10 each. You would need to be in a desirable demographic to get one for the highest amounts.

On average you will be looking at spending around 2 – 20 minutes per survey. The longer and more complex a survey is, the more you will be paid.

According to other Panelbase members, you should be accepted for around 75% of the paid surveys you are invited too. By spending a little time on Panelbase’s surveys you could easily earn an extra £100 – £200 per year.

Lots of Varied Market Research Opportunities

Unlike other market research panels the surveys here offer different experiences. These include radio advertising or watch videos.

As well as market research surveys you may also be invited to take part in other research opportunities. Some of these opportunities include product testing, telephone surveys, mobile phone surveys, postal surveys and focus groups.

According to reviews of Panelbase these extra opportunities can be fairly frequent and a good way to top up your balance. If you are lucky enough to be invited to a Focus Group you could be paid as much as £50 – £150 per session.

Refer Your Friends to Earn Extra Money

By referring your friends to the site you can earn an extra 20p each. This can be done through the ‘refer’ tab within your account.

Cash Rewards with Low Threshold

You get £3 added straight into your account for joining which is good considering the payment threshold is so low. Once you have accumulated just £10 in your account you can cash out. You can cash out for a payment directly to your bank account or a gift voucher. From the time you request your payment, bank transfers are sent quickly within as little as 7 days. The gift vouchers they offer are for Love2Shop and Compliments which can both be used in over 70 different high street shops.

If you are feeling generous there is also the option to donate your money to charity. The charities that are currently supported by Panelbase include Oxfam, the British Red Cross and the WWF.

Monthly Prize Draw

For every online survey you complete you will also get an entry into their monthly prize draw where you can win one of several cash prizes. If you do win then the cash is added straight into your account. The cash prizes you can win are as follows:

2 x £50.00
10 x £10.00
20 x £5.00
50 x £2.00
100 x £1.00

With there being so many prizes available you do have a good chance of winning something.

Concluding Thoughts

We can find very few complaints about Panelbase. There are a couple about people being screened out of surveys but this is extremely common and happens at almost all survey sites.

The vast majority of reviews online state that Panelbase is an excellent survey site with lots of varied research opportunities and a low payment threshold that is very easy to meet.

There are no confusing points systems at Panelbase which is always a plus point. All survey you complete pay cash directly to your account.

The website itself is very user-friendly and easy to navigate. They have a full privacy policy which clearly states that all participation in surveys is anonymous and your personal information will not be shared with any third parties.

From the review above it should be easy to see that Panelbase is an extremely popular survey site and in our opinion definitely worth your time.