Hello everyone, It’s David here, I hope you are doing well.
Welcome to my BananaBucks review article.
Recently, you found a survey app called BananaBucks?
It looks promising with one hundred thousand downloads.
Its popularity suggests that there’s money to be made.
But then, how about the realistic scenario?
How much can you potentially earn with it?
How does it work?
Is it worth your time and effort?
I’m sure you are eager to find out all the answers, right?
So, let’s dive right in without further ado.
What Is BananaBucks?
BananaBucks is an app coded and designed specifically for the market research industry.
Unlike most of the rewarding apps that offer various tasks for members to participate in, BananaBucks only offers survey tasks.
So, if you are a big fan of survey participation, it is worth a deeper exploration.
How do you get started?
Well, the entire onboarding process is easy and seamless.
Once you have downloaded it from Google Play, simply create a new account by entering a legitimate email address to complete the registration process.
Why do you need to provide a real and legitimate email address?
Well, the reason is simple.
The system will email you a verification code directly to your email.
You need to retrieve it and submit it to the app to complete the account creation.
Here is what I mean.
You will gain a better understanding of your collaboration with the app developer.
Before you are brought to the app’s main interface, the following screen will greet you.
Tap on the “Continue” button to proceed.
Next, here’s what the app’s interface looks like.
As you can see, it’s a straightforward interface.
There are four navigation tabs at the bottom.
The small blue dot directly beneath the tab is your current active tab navigation.
How Do You Earn With BananaBucks?
I mentioned earlier that BananaBucks only offers survey tasks.
When you launch the app for the first time, it will show you a couple of survey tasks that are ready for your participation.
Let’s relook at the app user interface I showed you earlier.
Did you see the task “Choose a survey” that has a purple outline?
Yeah, that’s the premium task that offers the highest compensation reward.
In this case, it’s worth a dollar and fifty cents upon task completion.
Before you happily think that you will be receiving premium surveys very frequently, you may need to withhold your happiness for a moment.
Why is that?
Well, that survey is the first step of letting the app know you better.
It’s very similar to “know your customers” also known as KYC introduced by most of the online platforms.
In the world of surveys, it’s called profiling.
Its purpose is to identify your demographic, area of interest, expertise, age, and gender.
This process may be time-consuming.
Essentially, BananaBucks is an app that connects you with third-party market research companies that are serving various clients in any verticals imaginable.
Hence, they must identify the actual target audience who are fit and qualified to participate in a specific survey task.
For example, if an advertiser who is in the “children’s bicycle” niche requires genuine feedback about a new toddler’s home bicycle, he will only target a specific group of audience.
If you are a father or mother, you are a good fit to participate in the offered survey.
Hence, you need to complete the profiling process as honestly and as accurately as possible.
This is to avoid time wastage on your end.
On the researchers’ end, they can optimize and enhance their product quality by targeting qualified audiences to participate in their surveys.
Established market research companies will save your profiling results for future relevant surveys in which you can participate.
Sadly, with BananaBucks you have to do this step each time you choose to participate in any offered surveys.
The system will also give you a notification before you start a survey participation journey.
Here’s what I mean.
You have the option to exit before the survey begins.
But once you tap on “I understand”, there’s a chance that you will be disqualified along the profiling journey.
However, they say that everything in life has its good and bad.
In this scenario, if your data details favor the advertiser’s needs, there’s a big chance that you will complete the entire survey successfully.
The rate of compensation varies from one advertiser to another.
Typically, you will earn between twenty cents to as high as a few dollars.
Again, it depends heavily on the specific needs of the advertisers.
At the end of the day, they want to receive genuine feedback so that they can further innovate their products to satisfy consumers.
You as a participant will receive a small compensation for your valuable opinion and time.
Bear in mind that your demographic plays a huge role in determining survey availability.
For example, if you are living in the top tier countries such as The United States, The United Kingdom, Canada, Australia, and New Zealand, the chances of more survey tasks will be increased significantly.
Next, here’s another unique way to earn with BananaBucks.
How unique can it be?
You may wonder.
Well, it’s called the location-based push notification.
Isn’t it unique?
You may have a fundamental understanding of push notifications.
It’s a new way of website monetization.
Essentially, a publisher joins an ad network that offers push notifications.
When a visitor lands on his website, there will be a push notification next to the SSL padlock asking for notification consent.
Once consented, relevant content and articles will pop up as notifications even if that person is no longer browsing the particular website.
It’s a similar scenario with BananaBucks.
When you grant consent to the push notification, whenever a new survey matches your demographic, you will be paid five cents for each push notification.
To activate, navigate to the second tab with the location icon, then, swipe to activate.
Here’s what I mean.
How Do You Get Paid?
BananaBucks simplifies the payout options for you.
To qualify for a payout, you need to reach the $5 threshold.
When you have accumulated $5, payout options will be made available.
They are PayPal, Visa, and Amazon gift cards.
It’s your choice.
Personally, I prefer the PayPal option.
You may be on the same page as well.
But if you need funds to purchase your desired products on Amazon, the Amazon gift card is a good choice.
Now, let’s talk about the realisticness of receiving real monetary payouts.
Despite the low payout threshold, I don’t believe many people will reach this threshold.
Well, do you still remember the uncertainty of the profiling process I mentioned earlier in the article?
That’s the sole reason.
Unless you are living in the top tier countries with many survey availability, you can rarely reach the threshold quickly and easily.
That’s the realistic scenario.
The truth is not many people are living in the top tier countries.
For example, if you are living in The Philippines or Thailand, survey availability is a big challenge.
We haven’t even touched on the potential disqualifications.
Hence, there are lots of uncertainties and difficulties in reaching the $5 threshold.
Even if you are living in the top-tier countries, there’s a big chance that disqualifications can happen that can ruin your participation mood and motivation.
The Pros – What I like About BananaBucks
- Simplified interface
- It’s ads-free
- Connects with researchers from various industries and verticals
- Acceptable survey completion compensation rate
The Cons – What I Dislike About BananaBucks
- The uncertainties of being disqualified for survey participation
- It may take a long time to reach the payout threshold
My Final Thoughts
Undoubtedly, BananaBucks is a genuine survey app.
If your primary reason for joining is to contribute to the market research industry, it could be a good candidate for consideration.
The truth is most of us are here primarily for survey compensation, right?
Well, if that’s the case, you may need a whole new level of patience to reach the initial payout threshold.
That’s the reality that you have to endure and accept.
So, approach BananaBucks with a pinch of salt.
That way, you won’t feel the pain of disappointment.
But if you have the patience and are passionate about participating in surveys, BananaBucks could be added to your bucket list.
Now, if you ask me, David, are there much better alternatives to earn money online?
Well, the answer is yes, there are.
I highly suggest you check out my Freecash review, it’s a detailed article on everything about the platform, specifically the earning parts.
Freecash is arguably one of the best rewarding platforms in the world.
It’s phenomenal in every aspect, and more importantly, there are plethoras of ways to earn coins that are redeemable for lots of rewards including cash withdrawals.
Additionally, I also encourage you to check out my PrizeRebel review.
It’s also my top recommendation when it comes to generating extra income online.
You can participate in various tasks such as surveys to kickstart your earning journey.
So, I hope you found this review article helpful and informative.
Have you joined BananaBucks?
How’s your participation experience?
Are you happy or disappointed?
Share your thoughts in the comment box below.