When should I cash out on my GPT / Survey sites?
It’s a question we get asked all the time in our Facebook Group – “Should I cash out on Swagbucks / InstaGC / Branded Surveys / AN Other site NOW as I’ve reached the cashout point, or should I leave my points in there until I can cash out more?”
And our answer is invariably “Cash out as soon as you can!”
There are a lot of reasons for doing this, but there are also sometimes reasons for leaving things a little while.
Why should I cash out as soon as I can?
We have over 10,000 members in our group, and we’ve seen:
- Accounts closed for no particular reason, with points worth anything from £5 to £100 still in there.
- Sites or apps go bust, with points worth anything from £5 to £50 still in there
- Sites or apps just go quiet, and because people didn’t quite have enough to cash out, their money was in limbo for a while, until we stepped in.
- Accounts closed because the owner of the account was accused of something, with money still in them.
And that’s just off the top of my head!
The thing is, this is YOUR money, YOU’VE done the work for it and YOU should have it.
So if you’re new to a site, or don’t know much about it, and especially if you’re trying to game the site in some way, I’d say cash out at the minimum amount every time, at least until you know the site and trust it more.
When is it safe to leave it a little longer?
Never, if I’m honest. But that depends on you.
With most sites I am a member of I cash out at the minimum (usually £5 Mastercard). With sites I’ve been a long term member of, and that I trust a little more, such as Prolific, Swagbucks and InstaGC, I’ll wait a little longer. Swagbucks I cash out every £10, InstaGC every $25, and Prolific when it goes over £10.
Why should THEY be making interest on your money when you could be? I pay my Mastercards into my Paypal account and put them straight in my bank – that way I know I have my money and there’s no chance of it disappearing because someone presses the wrong button or goes bust!
Keep your money safe folks!
