Are you also asking yourself, what is the Cashcrate? Are you confused if CashCrate is legit? Do you want to know if you can earn extra cash by trying new company offers? Here is my honest review on whether CashCrate is a scam or not.
What is CashCrate?
CashCrate is a one-stop site that offers extra cash in exchange of doing simple tasks online like surveys and offers. It has been around since 2006 and has over 2 million members world wide. Actually there is no fees in joining the company. Basically you are paid for your opinion towards products and services that you try for free.
Maybe you are wondering, why are you paid for using a product that you have not purchased? It is because various companies are looking for new users to generate opinions from them.
How does CashCrate Works?
Like any other survey sites, Cashcrate offers a wide variety of payment for every tasks you do. But before you can start to earn, you should first check the confirmation email that they sent you. After that they will give you your first $1.00 just for confirming your registration. After you sign up for free, you will be automatically directed to your dashboard page wherein you will see the ways on how you can earn.
Here are the ways on how you can earn in CashCrate:
1. Try New Offers
The most common way that you can earn in CashCrate is through trying offers. You can see the lists of offers given under the offers tab. So if you want to complete one, just click on the offer that you want. It is required that you complete the offer up to the very end and you must provide 100% truthful information. When you are finished, click the submit button and your task is already done.
The average offer payment ranges from $0.20 up to $1.00. There are also higher pay off that ranges from $3.00 up to even $20.00. Seems convincing right? But If you really read the information below each offer you will find out that the higher the pay offs, the more information they need.
I have tried several offers in CashCrate and I must say some of it requires valuable information before you get the pay off. Take a look at this offer.
As you can see, there is a red dollar symbol in this offer. Let me tell you, If you see this symbol, you will need to give them your credit card information! Seems alarming right? So did they just pay you $3.00 for this important information?
2. Take Surveys
You can also get paid by taking their daily survey every 24 hours. The average pay for the survey is $0.50 – $2.00 with estimated time of completion of 10-20 minutes. There are also top surveys that can pay you up to $7.00 but of course have longer time to finish.
Compared to the offers, taking survey is safer because you don’t have to give your important information. However the downside for this is that it takes many times before you qualify for a survey. Most especially if the one you are trying to answer is the higher paying surveys.
On the other hand, you can just answer the lower paying surveys. But you will need to do more of it to make a bigger money.
3. Get Referrals
Another way of earning in Cashcrate is through referrals. Basically the program has two levels. Initially when you invite a friend you will get 20% of what he/she makes. Aside from that you also get 10% of what their referrals make. Let us have an example.
When you invite a friend, you will get 20% of his income, so if he makes his first $20, you will get $4 commission. Plus you will get a bonus of $3 from your friend earning $10. When he invites another 2 referrals you will get 10% of what they are making. So it will be an additional $1 form each referral. So in total you will earn $9 by just referring one friend.
Pretty good money right? However if you would just think it more deeply, It would take you a lot of effort before you can earn this referral money. This are just the best things that you can get if everything will happen according to plan. What if your referral decides to back out? Or what if he decides to not get referrals yet?
It will definitely take so much time before you can generate that amount of money. Why not spend your time in building your own business that can give you steady income?
How Much Can I Earn?
Frankly speaking, CashCrate can’t generate you that much money!
Let us have a small computation on what can be your potential earning. This is just a hypothetical situation okay? Assuming that you make Cashcrate as your full time job. So maybe you can work 8 hours or 480 minutes a day. You can take more or less 24 surveys. If you multiply it with the average survey payment of $0.50, you will get $12.
Let us also add the offers and referrals that you will make. Assuming that you have completed 3 offers for $1.00 each and you have invited 1 referral that earned $20 for that day. You will get an additional $3+$4 in earning.
So if we sum it all up: $12 + 3 +4 that’s a total of $19 in a day!
If you think about it, it is still lesser compared to your income when you work on a minimum wage.
How Can I Get Paid?
If you asking on how you are gonna get paid in Cashcrate then it depends on your location and membership status. So if you are a bronze member then you can choose between Dwolla or by Check. Dwolla is basically the same with Paypal and is only available for USA members only. On the other hand, if you are a silver member, you can choose from the 4 options they have which includes Dwolla, Check, Direct Deposit and Paypal.
By the way bronze members are those who have less than 50 active referrals and earns less than $500 in lifetime earnings while silver members are those who have more than 50 active referrals and more than $500.
Are there Cashcrate Complaints?
Like any other money making programs, there is always a limitation. And that is what everybody should be careful of. So, here is the major concern that I have about Cashcrate.
Hard to Qualify for Surveys
Even though there are plenty of surveys that you can complete, it is still not guaranteed that you will be able to finish it successfully. It is because survey sites like cashcrate are strict when it comes to demographics. If you don’t match with what they are looking for then you will be disqualified.
By the way, here are my other concerns about this site.
If you are still confused if Cashcrate is a scam or not, then let me tell you, Cashcrate is legit. However it is definitely not worthy of your time and hard work. Although the programs are great and has a high potential, you would definitely need to spend much time and hard work before you see results. And sometimes even if you give that much effort, the payout is still not big to earn you a living. I believe that we should not work harder instead work smarter. There are far way better ways to earn online so choose wisely.
is there other way to earn online?
I know that you want to try Cashcrate because you are hoping that it can give be a good source of extra income. I know that you are eager to find a legit way to earn more money to help you pay your bills and expenses. Unfortunately, this is not the answer to your problem.
Actually, I was also in the same situation as yours before. I thought that survey sites is the answer to my financial problems. But I realized that the earnings that I can get is not worth it. I also got discouraged about it because even if I work more hours per day, I still can’t get the extra earnings that I desire.
Now, your next question is, how can you really make money? My best suggestion would be through building your own online business. Basically it is a modern way of earning at home. It may seem complicated but there are already training programs online that can help you learn more about it.
Right now, I am on my tenth month in this program and I am already enjoying the fruits of my labor. So, I want to share my success with you. Let me end this review with one question.
Check out my review on the #1 Recommended Online Training Program.
If you have more questions and concerns about Cashcrate, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!