PayPal is offering a $10 referral bonus for both the person signing up and the person referring. Check out PayPal’s latest referral promo!
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Founded in December 1998 in Palo Alto, CA, PayPal is the pioneer of online payment systems. It helped launch a peer-to-peer payment revolution.
Today, there are numerous online money transfer companies, and all of them have referral bonuses to encourage people to sign up. Apps like Cash App, Google Pay, and Venmo have the best welcome offers.
Although PayPal acquired Venmo for $800 million in 2013 when it was still a startup, the two platforms continue to operate separately. If you sign up for both services, you’re still eligible for a bonus on each platform.
PayPal Referral Bonus
When you invite your friend or family to join PayPal, you’ll both get $10. You can earn a referral bonus for up to 5 friends during this promotion, earning a maximum of $50. See the referral terms and conditions.
Send at least 1¢ to their email address, have them sign up for PayPal, and you’ll each get $10 as soon as they send or spend $5.
Create a PayPal account today and start referring your friends!
How To Get Referral Bonus
- Open a PayPal account.
- Send at least 1¢ to someone who doesn’t have PayPal.
- Ask them to sign up for PayPal and link their bank account or debit/credit card.
- When they spend or send $5+, PayPal will send you both ten bucks.
PayPal Referral Offer Terms & Conditions
- You may only refer family and personal friends and acquaintances. Additionally, 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.
- A referrer 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.
- 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).
- An “Eligible Transaction” means: (a) an online PayPal checkout payment of $5.00 USD 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 $5.00 USD 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.
Other Referral Offers:
- Chime Referral Bonus: $100 Sign-Up Offer
- Sofi Promotions: $275 Checking + Savings Account Bonus
- Webull: Free Stocks Offer
The Bottom Line
The standard referral bonus is $5, so this is a good offer. But in my opinion, it’s going to be very hard to find somebody without a PayPal account these days.
If you don’t have PayPal, you can ask for an invitation from a community member here, but for those with PayPal accounts already, I wouldn’t post your email address for readers to contact you.
Read PayPal’s terms and conditions above carefully. Okay, if you don’t, I can summarize it:
Do NOT publicly refer people by posting your email address for referral invitations.
PayPal is very clear that we can’t share invitations publicly. I don’t want readers to run the risk of getting disqualified from PayPal. You won’t get banned, but they may stop you from getting referral bonuses in the future.
I’m trying to remember how friends paid each other before peer-to-peer payments became a thing. Did people actually carry cash back then?!? I certainly didn’t!