How to work out how much you'll get if you cashout Prolific to PayPal or Circle

Unfortunately when you cash out to Paypal or Circle on some GPT sites, including Prolific Academic, there is a fee involved.

But from the questions in our UK Swagbucks and More Facebook group, it seems that some people are confused about how much they will actually end up with. Here's how to work it out:

Cashing out to Paypal

Prolific used to charge no fee on cashouts over £20 but unfortunately this is no longer the case. No matter how much you cashout now, there will be a charge of 2.9% plus 20p.

So, let's say you have £6.52 in your account - how much will you get?

First, open up the calculator on your phone or laptop/PC (you could of course use a real calculator but that would be weird, right?)

Then input your amount (6.52) and multiply it by 0.029 - this tells you the 2.9% fee:

In this example the result is 0.18908 - so round it up the the nearest 2 digits, which gives you 0.19, or 19p.

Add on the 20p, which makes your total charge 39p. Which means that on the above amount you would receive £6.13.

So, in short - AMOUNT YOU CASH OUT x 0.0%FEE + 0.20 = AMOUNT YOU WILL RECEIVE

You can do this for any site - for Circle you would multiply by 0.01 and add on 0.10 to get the amount you would receive.

(Of course, you could just use the % button if your calculator looks as above, but I'm told that not every phone's calculator displays as above)

Below is a rough guide to how much you will receive on Paypal or Circle for different amounts. Personally I cash out as soon as I can to Paypal, but you may favour Circle (or cashing out to another option) if the site you are using isn't Prolific.

Don't have Circle? It's just as easy as Paypal and you can withdraw straight to your bank account - you can sign up here.

Has this helped? Come and let me know in the UK Swagbucks & More Facebook group!

TEST:

UK Swagbucks And More Cashout Calculator

How much are you cashing out?:

Cashout amount in pounds:
Paying Out To:	Paypal Circle

Your actual cashout will be:

0

Mintvine minitip - How do I know when I will get my cashout payment?

Lots of people in the Facebook group asking how long it takes to cashout on Mintvine.

The short answer is 7 days but often sooner, but if you're looking for more concrete confirmation, here's how to check.

When you log in to Mintvine and see your totals, underneath that is a button labelled 'Withdrawal Status' - it looks like this:

Clicking on 'Withdrawal Status' gives you something like this:

You can see from this that I requested my withdrawal on 21st September and it is expected by 28th September. That's their quoted 7 days cashout.

However, if you look at my previous cashouts:

This one took 4 days:

This one took 3 days:

And this one took 5 days:

It's very rare in my experience for a Mintvine cashout to take the full 7 days, but it's always best to err on the worst case and allow 7 days fro your Mintvine payment to arrive.

Not on Mintvine? I cash out a minimum of 1000 points ($10 Paypal / Amazon or currently £10 Tesco vouchers) every 5 days or so. Join me on Mintvine now.

When will I receive my cashout?

You've completed the surveys, watched the videos, subscribed to the offers and the time is finally here to cash out - you've made money and you're excited to receive it!

But when will you receive your hard earned Paypal payment / gift voucher? Many thanks to our Facebook group admin Jade for putting together this list of cashout times for the most popular sites and apps.

(We'll be updating this as we go along so new ones could be added at any time - it might be worth bookmarking this page so you can refer to it at any time.)

Cashout times for popular sites and apps in alphabetical order:

• AttaPoll - Almost instant to PayPal, definitely receive it the same day you redeem.
• Citizen me - Instant to PayPal as soon as you've completed a paid activity
• Embee Meter - Almost instant
• Lucky Leftovers - Approximately 3-5 working days
• Mintvine - Approximately 7 days once the cashout had cleared, can sometimes receive sooner.
• OnePulse - Instant to PayPal
• People.io - Approximately 48 hours to receive your reward
• Prolific - Can take up to 5 days. Appears to be a trend of cashouts being received on a Friday.
  Minimum cashout limit is £5
• Qmee - Instant to PayPal, no minimum cashout limit
• Shopmium - Can take a few hours to receive from redeeming
• Shopprize - Can be instant but can take up to approximately 5 days
• Swagbucks - Can take up to 10 business days. Sometimes can come a lot sooner but also can sometimes take longer due to the demand of a specific giftcard you are ordering / the amount of stock they have of that giftcard at the time you redeem.
• Vypr - Can take up to 7 days. 10,000 points = £5

Cashing out on a site or app we haven't mentioned? Come and ask in our Facebook group to find out when you'll receive your payout and we'll add it to our list.

Want to thank Jade for collating this info? Sign up to Swagbucks, Mintvine or Prolific now!