Make Extra Cash for Plasma Donation (Up to $1,000 the First Month!)
Hip2Save may earn a small commission at no extra cost to you via trusted partners and affiliate links in this post. Prices and availability are accurate as of time posted. Read our full disclosure policy here.
Sign up for plasma donation for money on a regular basis; when you donate plasma, earn up to $1,000 your first month!
Running short or looking for extra ways to make cash? Donate plasma for money!
With inflation constantly fluctuating, times are tough these days. If you’re in need of some extra cash, we thought we’d share with you an easy way to make up to $1,000 in just one month from a twice-weekly plasma donation. This is a great option for those in good health and doesn’t require a lot of effort.
So, what is plasma?
According to the Red Cross, plasma is the liquid portion of blood and is very high in vital proteins, and contains antibodies, salts, sugars, fats, hormones, vitamins, enzymes, and some other good stuff that your body needs.
It’s used to create treatments for those with autoimmune disorders, liver disease, trauma, burn victims, and shock; it is super helpful with blood clotting. Plasma is important to help your body fight diseases and can be used to save the lives of others.
How to donate plasma and what happens when you go in for a plasma donation.
Find a plasma collection center near you and follow their instructions for first-time donators. When you head into a plasma collection center, your blood is drawn from your arm and sent through a machine that extracts the plasma. Then, your red blood cells and platelets are returned to you via the same needle and tubing system.
Is donating plasma safe?
Yes, donating plasma is safe. Side effects and risks are minimal as long as you abide by the medical guidelines of your doctor and collection center.
Does donating plasma hurt?
According to WebMD, donating plasma shouldn’t hurt. It should feel very similar to a typical blood draw or blood donation. I’ve done it a lot and it was no different than having my blood drawn at the doctor’s office.
How long does it take to donate plasma?
My roommates and I used to donate plasma a couple of times a week in college for some extra cash. We got to hang out in a super comfy chair while we were donating, and it only took about an hour once the collection started.
How often can you donate plasma for money?
If you’re going to a private plasma collection center, you can typically donate plasma up to two times per week. When I want to find a plasma donation center near me, the website DonatingPlasma.org has a lot of local suggestions. If you use this website, make sure to select a private collection center to make the most money.
The American Red Cross also accepts plasma donations, however, you can only go once every 28 days, and you are not paid for your donation.
How much do you get for donating plasma?
Typically you can earn $25-$75 each time you donate plasma. Since plasma is in such high demand, many companies have started offering extra incentives for new donors promising up to $1,000 for your first month of donations with initial payouts being over $100 per visit. One couple even made $1,500 in their first month. That’s a pretty nice chunk of change for just a few hours of your time!
How old do you have to be to donate plasma and what are the plasma donation requirements?
You’ll need to be at least 18 years old, weigh at least 110 pounds, and be in good health in order to donate. You’ll typically need a photo ID, proof of residency, and sometimes a social security card. The collection center will do a physical screening and ask some questions about your medical history to be sure that you meet eligibility requirements.
They’ll also do a test by pricking your finger for a few drops of blood to check and see if you’re anemic and to check your protein levels. I’m anemic, so sometimes I was not able to donate and had to wait until my iron levels were within the normal range.
What disqualifies you from donating plasma?
Some medications and medical conditions may exclude you from donating plasma. These conditions may include HIV and other auto-immune conditions. If you’re pregnant, you are not eligible to donate plasma and will be eligible to donate again about 6 months after delivering your baby. Those who have recently had any piercings or tattoos done may not be able to donate for 4-12 months after (varies by state).
If you have recovered from COVID-19, your plasma may be helpful in treating patients currently battling the virus. Your plasma contains special antibodies that can help these patients.
Are there any reasons why you shouldn’t donate plasma?
Most people won’t experience donating plasma side effects. However, according to Healthline, it is possible that you may temporarily feel dizzy, light-headed, or fatigued. You might also experience bruising, bleeding, fainting, or dehydration. In very rare cases, some donors may experience more severe reactions like infection or a citrate reaction. These side effects can all usually be treated.
There are some risks with donating plasma too frequently. The New York Times states that doing so can weaken one’s immune system and the Marshfield Clinic Health System advises frequent donators to be on the watch for signs of anemia.
For a successful experience donating plasma, do not donate more than recommended by your doctor or collection center.
Image credit: CSL Plasma
How do I find a plasma donation center near me?
Here are a few of the reputable donation centers located across the United States:
- ADMA BioCenters: Located in TN, SC, and GA. Earn up to $1,000 the first month for plasma donations. Print this coupon to earn an extra $10 on your second donation.
- BioLife Plasma Services: Earn up to $900 for your first 8 plasma donations.
- B Positive Plasma: Earn over $500 a month.
- BPL Plasma: New donors can earn up to $1,000 a month for donating plasma.
- CSL Plasma: Receive more than $1,000 in your first month.
- Grifols Plasma: One can earn up to $1000 your first month for plasma donations at the Grifols Plasma near me.
- ImmunoTek BioCenters: For more compensation information, contact your local center directly.
- KEDPLASMA: The KEDPLASMA near me offers reward points that you can cash in for gift cards. For specific compensation, information contact your local center. If you haven’t donated in a while, print this coupon to earn $20 extra dollars.
- OctaPharma Plasma: Earn over $900 for your first month of donations. Donors that have recovered from COVID-19 can possibly earn more.
The website DonatingPlasma.org is another resource you can use to find a plasma donation center near you.
How will I get paid for a plasma donation?
Most plasma collection centers now pay donors with a prepaid Visa or Mastercard debit card. The money you’ve earned from your donation will be loaded onto the card you will receive during your first donation. Some centers may still offer a paper check for compensation, so be sure to check with your center to find out about their method of payment.
What are the IRS rules on plasma donation?
Though you are making a donation, you are also being compensated. The popular tax preparation service, E-File, advises that you do need to report the funds received as taxable income. Here is what the BioLife donation center had to say about taxes:
“Fees paid to plasma donors are considered taxable income. However, BioLife is not required to issue IRS form 1099’s. That said, we recommend that you report your income from plasma donation on your federal and, if applicable, state income tax return but you can always feel free to consult with your tax advisor about the proper way to report the income, and the extent to which you may be entitled to deduct any related expenses that you may have incurred in connection with the donation.”
Donating plasma is a great option for college students, those wanting a little extra spending money, or even when you’re in a bind and need some quick cash!
Have YOU ever donated plasma? Give us a shout in the comments and let us know about your experience.