Panelbase Review: A Scam or Legit? [Find Out The Truth]

Are you thinking of joining Panelbase? Before you do, be sure to read this honest Panelbase review to find out if this panel site is a scam.

Panelbase has grown in popularity recently, and many people are signing up in hopes of earning some easy cash.

Let’s take a closer look at this increasingly popular survey site to see if it really is legit.

In this in-depth review, I’ll walk you through the details of this survey site along with their payout structure, how much you can earn, who can join, worthy alternatives, its pros, and cons.

Quick Review

What makes Panelbase shine?

  • Free to join
  • Has several earning opportunities
  • Excellent reward compared to other survey sites
  • Relatively low payout threshold
  • The payment is fast
  • Site is mobile friendly
  • Surveys are interesting and fun
  • The website is easy-to-use
  • Has a direct bank transfer option for cash out

Detailed Review

What is Panelbase?

Panelbase is a LEGIT survey panel located in the United Kingdom that pays people to give their opinions on popular products, services, brands, and companies.

They are a subsidiary of Dipsticks Research Limited, a market research firm that has been in business since 1997.

Panelbase has been around for several years (since 2005) and has earned an excellent, fully-accredited online reputation.

Their surveys are mostly geared towards UK audiences, though we’ll get to that later. As Panelbase has been around for over 20 years, you can rest assured that this is a legit site.

How Does Panelbase Works?

Signing up with Panelbase is a breeze and it’s completely free.

As soon as you submit basic information such as your name, date of birth, and address, Panelbase will send you a validation link via email. After that, you must log in and fill out a little profile form.

These questions are important because they will be used to match you with surveys based on your demographics.

After filling up your profile, you’ll receive £3 as a welcome bonus.

As a Panelbase member, you’ll be able to express your thoughts on a variety of topics while also earning cash for each survey you complete.

Unlike many other UK survey panels, Panelbase will provide you with a variety of research projects.

Who Can Join Panelbase?

According to their website, to become a member, you must be at least 16 years old and have access to the Internet, a landline, or a mobile phone.

The research they do focuses only on United Kingdom-based companies. Therefore, it’s not possible to sign up if you don’t live in the United Kingdom.

However, they indicate in their FAQs that if they continue to develop, they will expand research opportunities to additional areas in the future, such as the United States, Canada, and Europe.

Unfortunately, that has been stated on the website for several years, so don’t anticipate it to expand to new countries anytime soon.

In that case, if you don’t live in the U.K., I recommend you check up on some other survey sites that may be available in your country.

See also: Best International Surveys for Money Platforms

How Much Can You Possibly Earn On Panelbase?

You shouldn’t expect to generate a full-time income from Panelbase or any other survey site. These sites can only supplement your income as a side gig.

You will generally receive between £0.25 and £10 for each survey, but you should be aware that it will usually be on the lower end of the scale, and you will very seldom receive a survey for more than £5, but it does happen.

So, depending on how lucky you are with the surveys you receive, earning on Panelbase may take some time.

You must also consider the regularity with which accessible surveys are available, as well as the fact that you may not always qualify for the survey that you have finished.

Taking the survey as soon as it becomes available increases your chances of qualifying for it.

Another thing to keep in mind is that if your account is inactive for 12 months, all of your rewards will be lost. Meaning you will not have any reward to withdraw if you log back in after 12 months.

Overall, there isn’t a lot of money to be made with Panelbase, but it may be a good supplementary source of income.

How Does Panelbase Pay Its Members?

Panelbase offers a modest payment threshold of £10, which is a plus. You can request payment as soon as your account balance hits £10.

Panebase offers its member two different payout methods. The first is to make a direct bank transfer using BACS (Bankers Automated Clearing Services).

What’s great about a direct bank transfer cash out is that you don’t have to pay PayPal fees, which may add up quickly.

The alternative option is to make a payment request using vouchers. You can swap your collected rewards for vouchers of equal value. The coupons will be mailed to you at the address you supplied.

How Can You Make Money On Panelbase?

1. Surveys

Completing paid surveys is the most common way to earn rewards in Panelbase.

After you’ve completed the registration process, you’ll be able to access the dashboard. When you click the Surveys button, you’ll see all of the available surveys.

In addition to the survey deadline, you will get to see the reward attached, the estimated time it will take you to complete it, and its device compatibility.

The device compatibility indicator tells you whether the device is only available on a smartphone, tablet, laptop, or desktop computer. In my opinion, this is really good information most survey sites don’t provide.

To be eligible for additional surveys, you must complete your profile with all of the required information. It’s a time-consuming procedure, and you won’t get compensated for completing it, but Panelbase needs it to properly match you with the right surveys.

It takes about 10-15 minutes on average to complete a survey. That’s a really good time and a fairly typical survey site average time.

Overall, Panelbase provides a good selection of survey options.

See also: How To Qualify For More Surveys

2. Monthly Prize Draw

Unlike some survey sites that don’t compensate members when they’re disqualified from surveys, Panelbase gives you a chance to win something better.

Even when you’re kicked out of a survey, you will be eligible for a monthly prize draw which is a nice thing.

A monthly prize draw is held by Panelbase, with rewards ranging from £1 to £50. There will be a different number of winners for each award category. Two winners will be chosen each month for the top prize of £50.

Of course, this is more like gambling your way to make money. Well, I would say you consider it a method to sweeten the bargain and a consolation reward if you don’t qualify for surveys, which may be tedious at times.

3. Minipolls

Panelbase now offers minipolls as another method for its member to make more money.

This operates similarly to how Branded Surveys conducts surveys. The main difference is that with Branded Surveys, you can only respond to one poll each day, but with Panelbase, you can respond to several polls each day.

Simply go to the Minipolls page in the member dashboard to see all of the available minipolls.

Please keep in mind that minipolls do not pay as well as paid surveys. However, in my opinion, it is a useful feature because it takes little time to complete.

In fact, some believe that it is a far better way to earn money since, unlike a paid survey, you don’t have to qualify to receive the reward. You simply need to answer the questions, and you will be rewarded.

See also: Branded Surveys Review

4. Referral program

I usually appreciate sites that offer a referral program since it can turn into a type of passive income if you invite others you know who could be interested in joining.

Panelbase’s referral scheme is simple to understand but the reward isn’t much.

In contrast to some other survey sites that offer a referral program, Panelbase will only pay you £0.20 for each friend you invite.

That’s a very small sum. Furthermore, unlike other referral schemes, you will not receive a portion of the money generated by whoever you refer.

So, in my perspective, their referral program isn’t very effective in terms of making a lot of money.

See also: Best Ways to Get Referrals for Paid Surveys and GPT Sites

Pros

  • Has several earning opportunities
  • Excellent reward compared to other survey sites
  • Relatively low payout threshold
  • The payment is fast
  • Surveys are interesting and fun
  • The website is easy-to-use
  • Has a direct bank transfer option for cash out

Cons

  • Only available for UK residents
  • Fairly low rewards offered
  • Not a lot of available surveys

Panelbase Alternatives

There are many other survey platforms like Panelbase that let you take surveys and perform various research tasks to make money in your spare time. These sites include:

FAQ

Is Panelbase really worth it?

Yes, it’s a site worth joining if you have free time to make some money. It is one of the UK’s leading online survey panels with hundreds of research projects available each month.

You can join Panelbase and complete surveys on a wide range of topics from shopping, retail, health, and lifestyle to travel and finance whenever you have a few minutes to spare.

Can I choose which surveys to complete (i.e. what topics)?

Yes, you can choose which surveys you want to take part in. You can view a list of the surveys currently available and specify the topics that interest you.

Who writes the surveys?

The surveys on the Panelbase website are written by the market research companies who provide them on behalf of their clients.

Is it possible to take the surveys on a mobile phone?

Unfortunately, Panelbase does not have a mobile app. However, if you see a survey you would like to take in your dashboard, it will indicate whether it will be available on mobile devices or desktop computers.

Therefore, you can use the site on a mobile device, which is great as you can then gain access when it is convenient for you.

Conclusion

Panelbase, in my opinion, is a reliable survey site for making money. That is if you reside in the United Kingdom.

Their website is really user-friendly, which is a major plus. Furthermore, the possibility to request payment by direct bank transfer makes receiving your earnings more straightforward.

Being part of Panelbase, you are joining a market research panel that is dedicated to providing its members with regular rewards for their participation in online surveys about products and brands that matter.

To increase your earning potential, I recommend you join some of the Best Paid Survey Panels.

Ready To Join Panelbase?

If you’re interested in joining Panelbase, simply click the button below to get started. It’s completely free to join up and you can start taking part in surveys straight away.