Hi everyone, Lazy Money UK here.
I ran two paid-to-watch video sites side-by-side for 12 hours, to see which one earns the most. The results were surprising.
Hideout TV and the clone site Loot.tv work in the same way- Letting you watch YouTube-style videos as you accumulate points for every 3 adverts that are shown. These points can then be converted to many different rewards sites, where the user can redeem cash, crypto or gift cards.
In order to calculate the cash value of my points, I needed to decide on which rewards sites to send them to. I already established that it’s best to send Hideout TV points to LootUp.me (not to be confused with Loot.tv)- For reasons which will soon become apparent. Loot.tv has a sub-standard selection of sites to send points to, but I chose Gain.gg, due to having built up daily bonus credit for which I needed to complete offers to cash out. For the purposes of this experiment, I did not count the daily login bonus given to users of Hideout TV.
Interestingly, both video sites performed equally well when it came to earning points. The choice of destination site to redeem the points to is what really impacted the final result.
The first thing I noticed what that LootUp.me scaled my points up, whereas Gain.gg scaled them down. The reason for this is that LootUp.me is a sister site of Hideout TV, also owned by Adscend Media. This means there is no middle man taking a cut when you transfer points. Since Gain.gg is a third-party in your transaction with Loot.tv, they keep a percentage of your earnings for themselves.
I had to adjust the 12 hour points earnings based on the scaling systems used by both rewards sites. This allowed me to see the value of my 12 hour earnings in the form of PayPal cash. Taking Gain.gg's 4% PayPal fee into account, I had twice as much PayPal money on LootUp.me- $0.22 vs. $0.11.
It also turns out that redeeming a GBP Mastercard from LootUp.me beats the foreign exchange rate involved in withdrawing USD to PayPal and converting it. Based on this advantage, my 12 hour earnings from Hideout TV were actually worth $0.35.
In an attempt to avoid the 4% PayPal fee on Gain.gg, I redeemed a Visa gift card, which only made things worse for myself.
Do not use (outside of US)
My usual trick to convert Mastercard / Visa gift cards to PayPal didn't work here, because the provider Tremendous forces you to use their American billing address- This is not allowed on PayPal. Coinbase rejected the card on the grounds of it belonging to a business. In the end I had to use it on US Amazon to top up my gift card credit (as the funds on the card must cover the transaction in full).
This isn't the fault of Loot.tv, but I'm just documenting the whole experience.
By the way, rumour has it that the Amazon Firestick version of Hideout TV has a higher earnings rate than the desktop version, but I am yet to verify this myself.
In the interest of fairness, I should mention that some of the other obscure rewards sites that Loot.tv is partnered with may offer an improved points conversion rate. However, to the best of my knowledge there is no sister site to Loot.tv provided by the parent company Lootably.
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