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The PayPal referral program is a great way to earn up to $100 by referring people to sign up for PayPal.
PayPal is a well-known and trusted payment platform that allows you to make secure and hassle-free online transactions. You can purchase your favorite items easily and safely transfer money to your loved ones using the PayPal app.
PayPal overview
PayPal is a popular online payment company founded in December 1998 in Palo Alto, California. It is recognized as the pioneer of online payment systems and played a significant role in launching a peer-to-peer payment revolution. The company is dedicated to providing its customers with secure and convenient financial services that allow them to send and receive money online.
Apart from online payments, PayPal also offers its customers a range of savings and credit products. Today, PayPal has over 429 million customers and is available in over 200 markets worldwide, making it one of the largest and most widely used online payment platforms.
In recent years, PayPal has been using cash offers to attract new customers. For instance, the company currently offers a $10 sign-up bonus for new customers and a $10 referral bonus for existing customers. You can get this referral bonus by referring PayPal to friends and family, who, in turn, sign up and make a qualifying purchase.
With numerous online money transfer companies in the market, PayPal remains a popular choice among customers due to its reliability, security, and attractive cash offers.
How to get PayPal referral bonus
If you invite your friends or family members to sign up on PayPal, you both earn a referral bonus of $10 each. This promotion enables you to earn a maximum of $100 by referring up to 10 friends per year.
However, terms and conditions apply to this referral program, which you should carefully read and understand before participating. To qualify for the referral bonus, you must send at least 1¢ to your friend’s email address and have them sign up for PayPal.
Once they complete the sign-up process, they need to send or spend $5 on PayPal. As soon as they meet this requirement, both of you will receive the $10 bonus in your accounts.
What are some of the best PayPal bonuses and promotions?
PayPal offers various bonuses to both new and existing users. If you are a new customer, you can get the sign-up bonus, which requires creating a new account and transferring funds to or from a linked bank account. However, the specific requirements for receiving the sign-up bonus may vary depending on the promotion.
On the other hand, existing customers can earn a referral bonus by inviting their friends or family to sign up for PayPal. To receive the referral bonus, the new account holder must sign up using your referral link and complete the required transactions. Once the requirements are met, the bonus amount will be credited to the respective account.
PayPal sign-up bonus: $10
As a new customer, you can receive a $10 sign-up bonus.
To qualify for this offer, you need to open a new U.S. PayPal account using a friend’s referral link and complete an eligible transaction of at least $5. An eligible transaction is any PayPal checkout or person-to-person payment of at least $5, excluding the person who referred you. Once you have met the requirements, you should receive your bonus within 24 hours, although it may take up to two weeks.
This offer does not currently have an expiration date, so you can take advantage of it whenever you want. In summary, PayPal is a secure payment platform that offers an exciting sign-up bonus, and all you need to do is complete an eligible transaction of at least $5. So, if you haven’t signed up for PayPal yet, now is the perfect time to do it!
PayPal referral bonus: Up to $100
As a PayPal user, you can make extra cash through the referral bonus program by referring your friends to the platform; you can earn up to $100 per year. Here’s how it works:
For each friend you refer to PayPal who creates a new account using your unique referral link and makes a minimum purchase of $5, you’ll receive a $10 bonus. You can earn this reward up to 10 times per year, up to a maximum reward of $100.
Once your friend completes the qualifying purchase, you should receive your bonus within 24 hours. However, in some cases, it may take up to two weeks for the bonus to be credited to your account.
It’s important to note that this offer does not currently have an expiration date, so you can continue referring friends and earning bonuses as long as the program remains active.
PayPal referral offers terms & conditions
The following are the terms and conditions for the PayPal referral offer. Please read through them carefully.
Referral eligibility
To be eligible for the referral offer, you must only refer family and personal friends and acquaintances. You must not publish or distribute the invitation to participate that you received from PayPal in public locations (online or otherwise) where the audience is likely to include people who are not your family or personal friends/acquaintances. If you do so, PayPal may disqualify you from participation in the Program and any successful referrals will be void, in PayPal’s sole discretion.
Referral process
You may refer a referee by sending $0.01 to the referee via “Send Money” payment in the app or web by providing the referee’s phone number or email address.
Reward criteria
The referrer can claim a reward for a maximum of 5 referees per calendar year that satisfy the following “Reward Criteria”: (i) access and complete the PayPal sign up process to claim the referrer’s $0.01; (ii) link his/her bank, credit card or debit card to their PayPal account; (iii) verify their cell number linked to their PayPal account; and (iv) complete an Eligible Transaction (defined below).
Eligible transaction
An “Eligible Transaction” means; (a) an online PayPal checkout payment of $5 or more using the referee’s new PayPal account that is marked as “complete” in the referee’s account; or (b) a person-to-person payment of $5 or more using the “Send Money” feature within PayPal (sent to anyone other than the referrer) using the referee’s new PayPal account that is marked as ‘received’ by the recipient.
What else should you know about PayPal bonus promotion?
PayPal offers various bonuses and promotions to its customers, which are relatively easy to understand. However, there are a few important things that you should keep in mind before taking advantage of these offers.
Your bonus may be taxable
Knowing that the bonuses earned through PayPal may be taxable is essential. According to the Internal Revenue Service (IRS), bank bonuses are taxable and considered earned interest. Therefore, any bonuses you earn through PayPal will count as taxable income, and you’ll be required to pay taxes on the money when you file your tax return.
You can’t share your referral link publicly
One important thing to keep in mind when participating in PayPal’s referral program is that you cannot share your referral link publicly. According to PayPal’s terms and conditions, you are only allowed to share your referral link with friends, family members, and personal acquaintances.
This means you cannot post your referral link on social media or any other public platform where strangers might see it and sign up. If you violate this condition, PayPal may disqualify you from their referral program and revoke any referrals you’ve received up to that point.
There’s a $100 annual cap on rewards
There’s a limit to how much you can earn through PayPal’s referral program. Existing customers who refer a friend or family member to PayPal can earn a maximum of $100, which is the annual cap on rewards. Additionally, you can’t earn a bonus on more than ten referrals per year. If more than ten people sign up using your referral link in a given year, you won’t earn a bonus for those additional referrals.
PayPal offers may not be available in all areas
Additionally, it’s important to note that PayPal’s bonuses and promotions are only available to those with a U.S. PayPal account. If you live outside of the United States, you won’t be able to take advantage of these offers. Therefore, checking the terms and conditions of any PayPal offer you’re interested in is essential to ensure that it’s available in your area before you participate.