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The best rewards apps are those that help make you money without having to do any work. Today we are introducing a passive income app called the Panel App. Simply install it on your phone, let it run and earn cash.
Don’t get confused between the other passive app, Media Insiders Panel. While their names are similar, they are two different apps.
The Panel App belongs to a company called Placed, which specializes in gathering market data. When you install Panel App on your phone, it automatically collects information about your phone and pays you for it in the form of points.
You can earn points by simply going throughout your day without ever having to open the app. Even if you restart your phone, Panel App will automatically open and run in the background collecting data. The only requirement is to leave the app installed on your phone and to create a new account.
This means the only time you have to open the app is to cash out. The amount of CPU usage that the app uses is so minimal that you don’t have to worry about it slowing down your phone.
The points that you receive can be received in the form of gift cards or sweepstakes. When you have enough points, you can cash out to have one of these gift cards of your choosing be sent to your email.
The Panel App works for all iOS devices, but is limited to specific Android phones. If you have an older Android device or one with limited CPU power or RAM, there’s a good chance your phone won’t support the Panel App.
In order to find out if your phone can run Panel App, go to the Google Play Store and install it. If you can’t open it, then you more than likely need a more powerful phone.
How Much Can I Earn With Panel App?
While the amount you can earn with Panel App isn’t enough to earn you a lot of money, the fact that it’s passive can help save us a lot of time. Points can either be put toward sweepstakes or a gift card of your choosing.
The amount you earn per day is about 33 points per day on average, equaling a total of 3,300 points per month. 1,000 points is equal to approximately $1 dollar, so you’re a little over $3 dollars per month.
The rewards that are currently offered are Amazon gift cards along with a direct deposit to PayPal. It’s usually better to wait for the higher rewards as it makes the points value greater. You can cash out 5,000 points for $5 dollars or you can wait until you have 15,000 points to cash out for $25 dollars.
The sweepstakes include a lower amount of points to enter, but the chances of you winning a gift card are slim to none. Out of all of the times I’ve tried to enter, I haven’t one anything. I recommend always redeeming to PayPal to make the most of your points, especially since you can get Amazon gift cards at a discount.
How Do I Sign-Up For Panel App?
Panel App doesn’t take long to sign-up for and can be completed in 3 simple steps.
1. Download The App To Your Phone. You can install the app on an iOS device or an Android by going to www.placed.com/panel-app. Remember that only certain Android phones support the app, and the best way to test this is to see if you can install the app. Open the app and hit the “Accept” button to continue creating an account. You can support Frugal For Less by using our referral link here.
3. Click On The Join Button. This will enter you into Panel App. You will be asked to enter a little bit more information and then you’ll be done. Just make sure to keep the phone installed on your phone to earn points. Once you meet a minimum of 2,000 points you can cash out for gift cards or enter sweepstakes. You’ll be given 100 points on sign-up.
The Panel App has a great referral program where you can receive 10% of the points from any of your friends that sign-up, and 5% of the points from anyone that signs-up under your friends. This is one of the best ways to make some extra cash from this app. You can support us by using our referral link here.
You can also earn some extra cash by linking your Facebook or Foursquare account. You will receive an extra +1 point per day for each account added. Changes may take up to 24 hours to go into effect.
There is a surveys tab, but the amount of points that you can earn from this is very minimal. In order to save on time, we highly recommend not participating in their surveys.
The Panel App isn’t meant to give you a large income as much as it’s meant to be passive. The main goal of this app is to not do any work and receive free cash.
I usually wait at least half a year before cashing out. While it may seem like a long time, I get a free $25 dollars twice a year for doing absolutely nothing. There is a surveys tab located on the app but it wasn’t mentioned in this guide due to the fact that it doesn’t pay out any points.
If you have any questions regarding the app or want to tell us your experience using it, leave them in the comments below. Thanks for reading!