500KB sits comfortably above the point where JPEG compression starts producing visible artifacts for typical photographs. Research into perceptual image quality generally puts the threshold for visually lossless JPEG somewhere in the upper quality range for photographic content, depending on the image. Because 500KB is such a generous budget, the tool's fast-path check, a full quality 100 encode tried before any search happens, very often already fits for a typical phone photo. In that case there's no trade-off at all, the output is genuinely the maximum quality the format can produce, and it finishes almost instantly since no search was needed.
This is also where the tool is fastest. At a tight target like 20KB or 50KB, the search has to work through several quality levels to find the highest one that fits. At 500KB, the fast-path check alone frequently resolves it, so compression at this target is typically quicker than compressing the same image down to a much smaller size.
The one case where 500KB still requires real work: large PNGs
Where 500KB does require meaningful compression is large PNG source files. A screenshot at high resolution saved as PNG might easily be several megabytes. A photograph exported as PNG from a photo editor can be even larger. Converting these to JPEG or WebP and targeting 500KB still involves genuine compression work because the source has so much pixel data. Screenshots and UI images in particular require more care at 500KB than photographs do, because JPEG can produce visible ringing around high-contrast text and sharp edges at whatever quality setting is needed to reach the target. If your source is a screenshot or a document image with sharp text, checking the output before submitting is worth the extra few seconds.
If the platform you are uploading to is a social network or CMS that will recompress your image anyway on their end, the quality of your input file matters more than hitting an exact byte count. Uploading a clean, pre-compressed file under 500KB gives the platform's encoder cleaner input to work with than uploading a platform-recompressed version of a multi-megabyte original. For social media specifically, pre-compressing before upload tends to produce better final results than letting the platform handle the full reduction from an unoptimized original. If you need to go further down than 500KB for a stricter platform limit, the compress to 200KB tool applies the same approach at a tighter target while keeping quality as high as the limit allows, and switching between the two just means changing the target field, no need to start over.