The Panel App is something that you can run in your background of your phone, and actually earn money from it. Of course, you aren’t going to make a million dollars just by running your phone, but you can make a few dollars by doing absolutely nothing and leaving the app running on your phone.
The company behind Panel App collects data for the purpose of analytics, and pooling data from thousands of users to provide meaningful information to third parties that require it.
Thus, if you are comfortable in sharing basic information such as your location services and phone usage, you can earn some money from this app easily.
Edit: This app appears to be for people living in USA only! If you are outside these areas, you may or will not get paid.
Edit 2 (7th Apr 2020): This app is still going strong and paying people! Sign up if you want a passive income app in your arsenal.
Name: Panel App
Owner: Placed (http://www.placed.com)
Pays through: Paypal, Giftcards, Lucky draws
Available on: iOS, Android
Free to start: Yes!
Click the link I have provided for you above in order to begin. You would be required to enter your E-mail Address and cell phone number, and also how you want to receive it and your platform device as well.
These information are required so that you can easily receive the link in your text message or E-mail to download the app directly from the app store. After being directed to your app store, you can proceed to download the app from the app store.
After installing the app, you are required to create an account. This is done by just entering a few contact details such as your E-mail and phone number, then some basic demographics about yourself and you are done setting it up!
How to use the App
In order to earn points,
- Make sure location services is enabled or you would not earn points at all.
- Do not close the app at all, you have to let it run in the background to earn points.
Once you open the Panel App, you are able to view how much points you have accumulated since you started. When you begin, you start with 100 points and the app will show how much points you gained since the previous day.
The other thing you can do are surveys in order to earn points. Personally, I have not earned points from surveys yet as I was usually screened out.
For sweepstakes, you can view under prize details to see how many of each prizes they are giving away and when the sweepstakes is happening.
For guaranteed prizes, you can immediately redeem to get your choice of reward. This includes money to Paypal and various giftcards.
The redemption amounts look something like this:
- $2 Guaranteed prize: 3000 points
- $5 Guaranteed prize: 5000 points
- $5 Sweepstakes: 20 points
- $10 Sweepstakes:30 points
- $15 Sweepstakes: 40 points
- $25 Sweepstakes: 60 points
- $50 Sweepstakes: 100 points
Depending on how you like to get rewarded, you could go for guaranteed winnings or gamble it on the sweepstakes for a bigger prize if you are feeling lucky. Personally, I would wait and go for the Guaranteed prizes.
You can refer friends to use this app as well through texts or E-mail, or even sharing your link through Facebook.
There are 2 tiers of referral: You will receive 10% of the points your referrals earn, and 5% from their referrals. It is definitely a neat way to make more points without doing anything at all except getting people to join in too.
If you would like to thank me, you can use the referral link that I provided at the top of the post.
Note that you can only have a maximum of 1000 direct referrals, and 500 indirect referrals.
Is this legit?
The company behind this, Placed, has been doing in business since 2011. From their website, you can see that their business is definitely a legit research company, collecting research from places like Panel App for analytics purposes.
Their legitimacy is backed up by many news company that are covered in their Press Page here.
From both app stores, you can definitely see that most comments are positive. The panel app have a 4/5 star rating with over 6000 votes and 4/5 star rating with over 200 votes on the iTunes store.
Below here are 5 comments that are fairly positive on the iTunes store.
The Panel app is easy money if you are willing to share some personal information with companies like Placed. Even though you won’t earn much, it is definitely a sort of passive income by just leaving your phone running and the app running in the background.
This is definitely one of the apps that are unique from the others I have reviewed, as you mostly don’t need to do anything at all after setting it up. If you are looking for other apps to make money from, you can try a few of these below:
Featurepoints: Download apps to earn points, and redeem for cash or other gift cards.
Apptrailers: Watch videos and trailers to earn points.
For a full list of apps that I have reviewed so far, take a look at the menu above for all the legit apps and websites!
You can also try my #1 recommended product if you are interested in learning how to make a full time income online. This is also what I recommend to anyone new learning how to make money online. It is where I learn how to start my own website and online business too!