Spare5 Review: What is Spare5 and Does it Work? Find Out Here!

Wondering if Spare5 is worth it? Can you really use it to make some quick cash? In this Spare5 review you'll learn all about how the platform works, how much it pays, the minimum pay out, and if it's recommended for long term use. 

Most of these complete-tasks-for-cash platforms either pay peanuts or have very few offers available. Is Spare5 the same? Continue reading to find out. 

What is Spare5? 

Spare5 is a platform that pays people to complete simple tasks that are used to train computer models and algorithms.

Video introduction:

The company was created by Might AI which is a data collection agency that is used to build computer models and AI systems, similar to the systems used in Uber, Google, Samsung and other popular tech-companies. 

Most of the tasks revolve around identifying objects, similar to the Captcha codes used to block spam. I'll admit, the tasks are a bit more interesting than the usual surveys and other offers. Think of them as micro-jobs. 

Basically, most of the tasks are based on solving or identifying things that computers struggle with.

Tasks such as: 

•  Adding keywords to images
• Isolate objects
• Categorize content (images, audio, video, etc)
• Identify audio clips
• Add captions
• Drawing bounding boxes. 
• Taking photos.
• And a lot more. 

Many people have compared these tasks to Amazon's Mechanical Turk platform. 

The service used to have an app on the Apple and Google Play store, but as of today, it seems to have been removed from both stores. No word of when they'll come back. 

After researching the platform a bit, it looks like a lot of people are saying the platform works great and you're able to make a decent amount of money from it. But is that the truth? I decided to take a look for myself to see... 

Making Money with Spare5: 

Before we get into the details, I'll explain a bit more about the tasks you can find on this platform.

As you can imagine, these tasks are very short. It only takes a few minutes to complete each one. And as you probably guessed, the rate for each tasks is usually a few cents. 

Now, the amount of money users can make with Spare5 varies depending on a number of factors. 

1. Location Matters:

For one, location is important. Much like those survey platforms, Spare5 is location-targeted. So if you live in a non-English speaking country, the chances of them having tasks for you are small. 

One of the main complaints people have about this platform is the lack of tasks, and we'll get into that later on in this Spare5 review. On the other hand, the platform does work in every country, but there's no guarantee you'll see any tasks.

In short, there are more tasks in countries such as United States, Canada, and UK.  

2. Spare5 Tasks Available:

Spare5 Pros: 

Here's what we liked about Spare5: 

1. Weekly Pay Outs:

I like how they process payments every week. It's always nice not to have to wait a long time to receive your earnings. 

2. Minimum $1 Cash Out:

I like how you don't have to slave away for months to earn enough to cash out. The one dollar minimum is nice, and it's relatively easy to reach it. 

3. Wide Range of Simple Tasks:

As mentioned earlier, the tasks are very simple, and there are many different types to choose from.

Once again, these are mostly tasks computers can't complete (yet!) but they're very easy for people to complete.

I think this one of the first platforms I came across that pays members to frame images!

4. Payments Processed Through PayPal:

I'm sure you're sick of these platforms forcing you to redeem gift cards. With this one, they only use PayPal to process payments, once a week, so you can easily access your earnings. 

The Cons with Spare5:

1. Not Many Tasks:

It looks like the tasks arrive in waves, and disappear in waves too. From what I can see, the more EXP you earn, the more tasks will be shown to you.

But even people who have a lot of EXP tell me there aren't many tasks for them. It could, technically, be an okay way to earn a few dollars here and there, if they have a good amount of tasks. 

2. Low Rewards:

Granted, the tasks are simple, but when you calculate the amount of time needed to earn a couple dollars, it's totally not worth it.

For example, it usually takes new members about 3 hours to earn one dollar. The income potential gradually increases based on your performance, but it never gets to a point where I would call it "Good Income". 

3. Tedious, Requires A Lot of Time:

Since you know these tasks are used to train computers, the tasks are usually incredible simple and tedious. It takes a long time to earn a few dollars! And you have to complete hundreds of tasks a day to earn enough. Overall, I don't think the time-investment is worth it. 

4. No APPs (At The Moment):

Although the company says their on the app stores, I wasn't able to find any listings for their app. Granted, that might be a temporary issue while they fine-tune the details. Nevertheless, right now, they don't have an app. 

Is Spare5 a Scam? 

After researching the company and trying it out for a few days, I can confidently say Spare5 is not a scam. They do pay weekly, as promised, and you can easily reach the minimum cash out ($1). The answer is no, Spare5 is not a scam. 

But:

Does that mean you should invest hours of your time into the platform? Is it something that should be the focus of all your attention?

Probably not.

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Thanks for taking the time to read this Spare5 review. Hopefully now you know what is Spare5 and if it's a legitimate way to make money online. Leave a comment below if you have any questions!