Invisibly

What is Invisibly?

Invisibly is a data collection company that wants to compensate you for sharing your personal information with marketers. At present, it offers gift cards. You allow them to snoop on your purchases and browsing history and they’ll give you points that you can exchange for gift cards to Target, Nordstrom, DoorDash and other retailers and service providers.

How it works

Consumers can download the Invisibly phone app and earn points in three ways — connect your bank and/or credit card accounts and share information automatically. Take surveys. Or buy points.

How much is this sharing arrangement worth? That’s impossible to say. But when Invisibly first launched, it had a cash model. With that model, the site estimated you’d earn about $2 to $5 per month, depending on how completely and aggressively you shared your data.

Already sharing

That said, you get paid nothing from companies like Facebook and Google, who regularly track your every online move. So even though Invisibly’s payment scheme is pretty puny, it’s quite literally better than nothing.

However, you are increasing getting the option to opt out of sharing your data. If privacy is a concern, you should think twice before signing up with this platform. Even though others are tracking you, they will soon be required to ask before they do so.

Meanwhile, this site only gets into your business if you invite them. For the equivalent of $2 to $5 per month in article access, I’m not sure that’s a worthwhile cost-benefit trade-off.

What we like

Each user can see what data Invisibly has gathered about them by viewing their “data vault.” You also have the right to erase or correct your data. In a world where most companies track you without a lot of disclosure, Invisibly’s transparency is refreshing.

What we don’t like

A number of countries and individual states have passed privacy protections because the technology on your phones and computers allow a nearly endless number of companies to track your every move. Collected data ranges from geolocation tracking — where you are and where you’ve been– to what you buy, what social media accounts you use and what you say. Invisibly is essentially asking you to give up some of those privacy protections in exchange for access to news stories.

The site says your information will be “anonymized,” so no one will be given you name or address. However, with enough data points, you lose any real anonymity.

Recommendations

If you do decide to sign up with Invisibly, we’d highly recommend that you do not provide your banking information. Connecting to your bank does not give them access to your account. But it gives them access to a huge amount of information about the companies you bank with and how you spend.

This could make you far more susceptible to financial frauds, such as “spear phishing.” With spear phishing, criminals use bits of true data to trick you into divulging more important data, such as your account passwords, credit card, or Social Security numbers. If you want to sign up with Invisibly, you can find them here.

Better ways to make easy money include ProductTube and Prolific. Both of these companies ask for your opinions and pay you to share them.

What their users say (from the Apple App Store)

New favorite app!! Insane I can get the Wall Street Journal without the WSJ prices. I like the concept of using data to “pay” for news content. The surveys are short, and there are other ways to earn points too! Love this concept!!

This aggregator of news is becoming more valuable as many sources I used to read now have paywalls. Love knowing I can get my news without an early morning obstacle ruining my day. Keep making it better! I’m hanging in there with the updates.

Updated 8/19/2024