Are you thinking about signing-up with Cash Crate to try and earn some extra income? You’re not alone. Plenty of people before you have joined Cash Crate with the goal of making money on the internet.
I was in the same boat as you a while back, and I decided to give it a go.
This review is what I found out…maybe it can help you in making your own decision.
Here’s the deal:
When you sign up with Cash Crate you are presented with opportunities to earn money by taking part in research surveys, signing up to offers and referring other members to the Cash Crate program.
CashCrate has been around since 2006 and has over 2 million members worldwide. There are no fees to join, and we send out thousands of dollars in payments to our members every month.
Opportunity: Earn money by taking part in research surveys, signing up to offers and referring new members
Price: Free to join
Joining Cash Crate is a 4-step process:
- On the CashCrate homepage you click on the ‘Get Started Now’ button
- Enter your email (use a secondary email address as they are going to sell it on to spammers)
- Choose a password
- Take a brief profile survey…and you’re in
Nothing much to complain about there, super simple to get up and running.
But is it also this easy to make a bit of money with Cash Crate?
My Cash Crate Experience
What I didn’t realise when initially signing-up with Cash Crate is the number of ways you can try and make money.
Here’s a brief outline:
Free Offers – Typically quizzes, website registrations, and trial products. Payouts are low, but you’re not paying to complete them.
Paid Offers – The highest paying offers on Cash Crate are the offers that cost you money to claim, unsurprisingly! Most of the paid offers are monthly payments and you often have to pay for one month in order for Cash Crate to pay you.
Taking Surveys – Two types of paid surveys. Daily Surveys are new surveys that you can take every day and pay $0.80 every time you complete them. Targeted Surveys are available only to people who meet the right demographic profile. They pay more than Daily Surveys.
Playing a Video – You play a video and get paid a few cents, and it is just a few cents…are you really that skint?
Referrals – If you really want to earn some decent money with Cash Crate, you have to start referring. When you start with referrals, you earn 20% of what people you refer earn (first tier), and you earn 10% of what their referrals make (second tier). If you continue working your way up, those figures rise to 30% (first tier) and 20% (second tier).
To quote Cash Crate directly:
Q. How can I earn the most money with CashCrate?
A. Doing offers, surveys, and shopping online are great ways to start earning money with CashCrate, but be sure to check our referral program as well. Some members are earning over $1,000 a month just by referring new users to our free program.
What’s the real story?
For me, when it came to the surveys, I qualified for about half of those that I tried.
As is often the case with surveys, it always seems like you’re a fair way into them by the time you are told that you’ve been screened out.
It’s no different here, you’re actually well into answering questions about products and services and providing good survey information when you get told you can’t continue…extremely frustrating.
As for the offers, most of those made available are free, but they are also such low payouts that I couldn’t justify the time they would take me to go through the process.
There are some offers that potentially pay you cash after you either make a purchase, or after you use your credit card to sign up for a free trial period.
This means you end up submitting your credit card and contact details left, right and centre. Personally I’m just not that comfortable with that.
If you decide to do this, I absolutely recommend that you get a separate email just for completing offers. Also, please do not use your home phone number.
That’s not all…
…something else that you absolutely must do if you decide to run with this…track meticulously, all of the offers that you sign up for, the date you started, when your trial period ends, as well as all of the contact information. This is so you can cancel after the minimum period.
If you lose track of what you’ve joined up to and end up having your subscription rolled on, you will find that your efforts to make a bit of extra monthly cash ends up getting very expensive, very quickly.
Sometimes you need to stay signed up for a minimum period of time, further complicating an already quite clunky process.
It’s probably a good idea to get a credit card just for this purpose. At least then you know that everything on your dedicated credit card relates to offers you have taken up via Cash Crate and need dealing with.
And there’s a further catch…
…some offers look like they will pay out cash, but cash is just one of the options available. Quite predictably it’s also the lowest paying option, by quite a margin. Yes, unfortunately, choosing to receive your payment in cash will often see you earning an awful lot less than if you exchanged your points for vouchers, tokens or something similar.
Cash Crate Referrals
The only way I can see that anywhere near decent money can be made with Cash Crate, is by making referrals.
If you refer someone to Cash Crate who joins-up, you can earn up to 30% (Gold Level) of what they make form that day forward.
If your referral then in turn refers people who join-up, you will earn up to 20% (Gold Level) of what their referrals makes.
You also earn $3.00 bonus when your referral earns their first $10.00.
If you keep on making new referrals to Cash Crate, you move from Bronze level to Silver level and to Gold level.
You can quite easily see how your Cash Crate income could grow pretty nicely by using this method.
But is it as easy as it first appears…
…few things ever are! And this is no different.
What your going to need to do here is drive fresh traffic into the Cash Crate system, and driving internet traffic is a whole new skill in itself. And not an easy one at that!
Driving internet traffic can get very time consuming and potentially very expensive, it all depends how you choose to go about it.
If you don’t have that skill you will find that you’re on a steep learning curve before you’re able to consistently pull in new Cash Crate referrals.
Making money with Cash Crate is possible but you will need to spend a great deal of your precious time in order to do so.
Cash Crate makes money when you complete offers, surveys and other micro-tasks, in turn they then pay you a percentage of it.
They may also make a bit of money from selling your email address to spammers, or it may be the businesses whose offers you sign-up to who do that…or both.
On the whole, a completely legitimate way to make money online. You just probably won’t make very much!
For me the trade-off between time and money really wasn’t worth it, the earnings are just far too low for the amount of time it takes to complete the tasks.
There are better ways to earn money online and I will be sticking with those.
My Experience: 4/10
Recommendation: Not for me.