I have been doing Panelbase surveys for about three months now and I have just reached the £10 payout threshold. They pay a generous £3 sign up bonus and their surveys generally pay quite well, although not that frequent. The surveys are the usual mix of consumer stuff. They also do surveys by SMS and phone, which they say they pay more for, although I've not had any of these yet. Panelbase also do focus groups - again I've not yet been invited to any of these. The rewards are in cash - payable by BACS or cheque. I have ordered my £10 by BACS today and they say it takes 7 days.
You can sign up to Panelbase here
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