Being Paid with Reward Points Instead of Cash
There are many different ways in which market research sites will reward you for completing online surveys. The different ways range from cash, gift vouchers to prize draws, sites that pay you in reward points that are later redeemed for one of the above methods is becoming increasingly popular. Many people think points systems are a scam but they are used by legitimate companies for legitimate reasons. The main reasons market research sites use reward points are:
Loyalty – Members are encouraged to reach a certain number of points before they can redeem for cash. This encourages future participation and improves the quality of the survey responses as this method dissuades those survey respondents who are only in it to make quick cash and who don’t give honest answers.
Companies offering points may be able to offer a better value reward. So by reaching a threshold of points a survey company can provide the user with a high value gift or item rather than many smaller payments.
Some survey panels that offer points as payment can also offer their members specific points schemes such as Airmiles or Nectar points. This allows collectors to save up their points and get much more valuable rewards.
Points schemes can also be used internationally, so if the particular survey sites has a base of users worldwide then points would always be the best option.
As you can see there are many advantages as to why market research companies will pay you with reward points for taking online surveys. This should be taken into account when registering with survey sites in the future.
