Panda Research clearly states on its ‘Terms and Conditions’ page that they won’t pay you for “only completing the surveys.” In this article, I answer the question ‘What is Panda Research About.’ Plus, I reveal a few more surprises hidden in the Panda Research ‘Terms and Conditions.’
Name: Panda Research, Inc. (aka PandaResearch).
Owners: A&A Marketing
Opinion: Not Recommended.
What is Panda Research About?
At the top of the Panda Research home page, it boldly claims “Receive Cash for each successful offer/survey completed!”
The operative word here is “successful.” Panda Research will determine if you have successfully completed a survey or offer. When we look at a few details buried on the Panda Research Terms and Conditions webpage, you’ll see how they not only DON’T pay you; but if you let them, they will probably TAKE your money!
At the time of this writing, Panda Research claims to have paid out more than $2 million. This claim is misleading.
While Panda Research might pretend to be a survey site, what they do is much different.
What Panda Research does is offer you something that looks like a survey but is actually a cleverly disguised way of getting you give them your credit card information and sign-up for a trial offer.
Sneaky Credit Card Charges.
The free trial converts to a charge on your credit card if you don’t cancel in time.
If you cancel during the free trial period, it costs you nothing, but you don’t earn anything either.
If you don’t cancel during the free trial period, your credit card is charged, and Panda Research might pay you a fraction of the commission they earned when your credit card was charged.
Then again, they might not pay you a dime.
Let me put this another way; you don’t make money for trying out a product or service. It costs you money, and if you’re lucky, Panda Research gives you a little of your money back and says they paid you.
Take a look at paragraph M of the Panda Research Terms and Conditions below. Please read it carefully because you are now looking at the heart and soul of Panda Research.
“M. PROVIDE CASH INCENTIVES. PandaResearch offers cash incentives to members in exchange for completing surveys and signup for trial offers. Members won’t be eligible for cash incentives by only completing the surveys. Signing up for the offers, advertised by our partners, is necessary to be eligible for cash incentives. Members are responsible for any taxes due as a result of payments made for their participation in PandaResearch.”
Did you see that? “Members won’t be eligible for cash incentives by only completing surveys.” Wow! It’s not about the surveys at all. The surveys are just a come-on so you’ll buy the products and services.
“Signing up for the offers, advertised by our partners, is necessary to be eligible for cash incentives.”
Panda Research is Owned by a Marketing Company!
Here’s the ultimate insult, because Panda Research says they paid you, you may have to pay income taxes on that money, which is your money. But don’t worry about it, the odds are won’t get paid.
Panda Research has a lot of loopholes to justify NOT paying you.
The offers you sign up for with Panda Research require a credit card or a debit card. You’ll be encouraged to sign up for lots and lots of offers under the false promise of making money.
Because you must sign up for so many offers, it’s very likely you will forget to stop the trial before they bill your card.
You have to cancel quickly to avoid these charges, but if you cancel during the free trial period, you won’t make any money. And, if you don’t cancel during the free trial period, it will COST you money.
What’s the point? Either way, you don’t make money, and it’s a waste of time.
To make matters worse, Panda Research might require you to jump through hoops when you try to cancel before getting billed.
Just to be clear, spending a dollar to make a nickel is NOT making money.
Panda Research Terms and Conditions.
There is more bad news buried on the Panda Research Terms and Conditions page.
The promises Panda Research makes on its Homepage are taken away on their Terms and Conditions page. The “Home Page” giveth and the “Terms and Conditions” page taketh away.
Look at this!
“A.6) TERMINATION AND CANCELLATION. Panda Research at its sole discretion and for any reason or no reason at all may terminate any Members without prior notice . . .”
In other words, if they owe you money, they can terminate your account and not pay you.
Read below to see how they set the hook!
“A.2) MEMBER’S INFORMATION: Member must provide valid and truthful information; First name, Last name, Email address, Phone number and Mailing Address to Panda Research. Member must provide this same valid, accurate information to advertiser or partner when completing any offer presented by or in conjunction with Panda Research.”
The only reason I can think that they want your phone number and mailing address is to try to sell you stuff or sell your information to marketing companies that will try to sell you stuff.
Like my granddaddy would say, “It gets worser and worser.”
Read below to see that Panda Research doesn’t guarantee you anything!
“D. NO PAYMENT GUARANTEE. PandaResearch does NOT guarantee that a member will receive credit for a completed survey and offer.”
In other words, they don’t have to pay you. If they don’t have to pay you, they probably won’t pay you.
“L. SECURITY: . . .Panda Research cannot guarantee the security of any information that you transmit to us or from our sponsors and You do so at Your own risk.”
Kiss your privacy good-bye!
Panda Research Complaints.
There is a ton of complaints about Panda Research online. Most of the Panda Research complaints are about not getting paid, being tricked into buying stuff and getting spammed to death. Here are a few of the Panda Research complaints I found online.
“. . . Panda Research is one big ripoff. RUN in the other direction if you ever see the name. Do not sign up, do not do any business there – you will get ripped off. It’s nothing but a scam site run by a bunch of con artists.” Todd Jacobucci (Source:MySurvey123.com)
“. . . for some of the surveys that I did complete, I was required to sign up for something that cost money. . . .They gave you a trial period to cancel, but when I called to cancel, I was LITERALLY!!! on hold for two hours and thirty-seven minutes. DO NOT REGISTER WITH YOUR OWN EMAIL ACCOUNT. Since registering with Panda, I am receiving HUNDREDS of spam emails per day. Per DAY!!!” BigSam (Source: Scam.com)
“These guys are not legitimate and will not pay you. I have met all of the requirements with absolutely zero money paid as it should be. This is a complete waste of your time!!!!” Shannon (Source: OnlineMarketingWithVince.com)
“I tried Panda Research when I first started doing surveys. I found that they wanted me to sign up for everything (of course there was usually a credit card involved). I didn’t lose too much, however. I kept pretty good records of all the trials that I had signed up for and was able to get out of them before I had to pay. However, I must have missed some of them. I had to call the credit company and tell them to kill my card. Not to mention the several hundred spam messages I got in my inbox every day. . . . Stay away from pandaresearch.com.” PinkyParrot (Source: Scam.com).
Panda Research BBB Complaints.
If you search online for Better Business Bureau complaints against Panda Research, you will be directed to the Chicago and Northern Illinois BBB and a listing for A&A Marketing, Inc.
A&A Marketing, Inc. owns Panda Research.
A&A Marketing also owns several other so-called survey websites.
It is revealing that Panda Research is owned by a marketing company, not a research company. In my view, this is proof positive that Panda Research has nothing to do with research. It’s about selling stuff.
A&A Marketing, Inc. is not accredited by the BBB. However, the Chicago and Northern Illinois BBB gives the company a big fat “F.” And there are 36 complaints against A&A Marketing, Inc. registered with the BBB.
Please share your experience with Panda Research.
If you have experience with Panda Research, please comment below.
The last word on Panda Research.
I’m convinced that Panda Research is not a survey company. From what I have found online about Panda Research, I’m confident that it is a marketing company that uses the pretense of completing surveys to trick you into buying stuff.
In my opinion, you will not make money with Panda Research and it will probably cost you money.
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If you found this article helpful or have experience with Panda Research, please leave a comment below.