PayPal Referral Code (Sep 2023) + $10 Bonus

Two Reasons I Don't Recommend PayPal

#1 Sky-High Fees

PayPal is notorious for charging incredibly high fees, even on small transactions. For example, if you pay a friend $20 using PayPal, there’s a good chance you’ll have to pay $2 or $3 in fees, which is 10-15%. The fees do get lower on a percentage basis if you send larger amounts, but most of us aren’t sending thousands of dollars at a time, making PayPal prohibitively expensive.

Note: You may enjoy our list of ways to earn free PayPal money.

#2 Awful Customer Support

I’m going to point out the elephant in the room: PayPal’s customer service is horrible. Rip-your-hair-out sort of horrible. Getting someone on the phone is nearly impossible, and even if you manage to, they aren’t helpful at all. 

How To Use Your PayPal Referral Code

PayPal has a referral program for new users. When you sign up with PayPal using my referral link, you'll receive a bonus of $10 deposited to your account. You can also send invites to your friends to earn up to $50.

To use the promo code:

• Visit PayPal‘s website and click Get Started. 
• Choose either a personal or business account and select your country.
• Confirm your mobile phone number.

What Is PayPal?

PayPal is a US-based international fintech company primarily known for its online payment system available in over 200 countries. In 2002 it became a subsidiary of eBay, and in 2015 it once again became an independent company. Currently, it's one of the 200 largest corporations in the US by revenue, and in recent years buying crypto with PayPal has become popular, too.

PayPal Features

Some of PayPal’s top features include:

• Secure payment platform with PayPal Purchase Protection.
• Available across 200+ global markets.
• Setup recurring payments.
• Link your credit card with PayPal and earn cashback on eligible purchases.

PayPal Fees

• No minimum balance fees.
• Sending money incurs a 3.4% fee + an additional fixed fee depending on the country you're sending the money to.
• Receiving money is free, unless you receive it as a business, in which case you pay somewhere between 2% – 4%.
• Currency conversion fees from 4% – 4.5%.

How To Sign Up With PayPal

#1 Visit PayPal‘s website and click Get Started or Get the app. 

#2 Choose either a personal or business account and select your country.

#3 Confirm your mobile phone number.

How Does PayPal’s Refer A Friend Program Work?

After creating your PayPal account, you can start inviting friends and family. With the current referral promo, you can earn $10 per referral. To invite friends: 

• Log in to your PayPal account and send $0.01 or more to your friend's email address.
• If they don’t have an account already, they will be prompted to create a PayPal account.
• You'll both receive a $10 bonus.

Keep in mind that you can invite a maximum of five friends for a total bonus of $50.

Is PayPal Safe & Legit?

PayPal is safe for both buyers and sellers; all information is encrypted and secure – as long as your network is secure. In 2008 Paypal Europe, aligning with European Union Laws, PayPal was granted a banking license in Luxembourg to operate in all of Europe under the authority of the Commission de Surveillance du Secteur Financier (CSSF).

In the US, Paypal is regulated by the Federal Trade Commission (FTC) and by other entities on a state-by-state basis.

In Summary

PayPal is an easy-to-use payment platform available for use in over 200 countries around the world. However, PayPal charges high fees and is widely known for its frustratingly poor customer support, so I don't recommend them to anyone.

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