PayPal Referral Code (May 2022): $10 Signup Bonus

How To Use Your PayPal Referral Code

PayPal has a referral program for new users. When you sign up with PayPal using the referral link, you will 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 page. 
• Click on the Sign-Up button. 
• Choose the type of account, personal or business.
• Select your country.
• Enter and 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 best features include:

• Secure payment platform with Paypal Purchase Protection.
• Available across 203 global markets.
• Setup recurrent payments.
• Link your credit card with PayPal and earn cashback on eligible purchases.

PayPal Fees

• No minimum balance fees.
• When sending, 3.4% + fixed fee.
• When receiving, no fees.
• Currency conversion fee, from 4.0% to 4.5%.

How To Sign Up With PayPal

#1 Visit PayPal‘s page. Click on the Sign-Up button. 

#2 Choose the type of account.

#3 Select your country.

#4 Enter and confirm your mobile phone number.

PayPal’s Referral Program

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 your friend $0.01 to their email address.
• If they don’t have an account already, they will be prompted to create a PayPal account.
• You will 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 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.

Conclusion

PayPal is an online fintech company, based in the US but available in over 200 countries around the globe. It offers an easy-to-use online payment platform, competitively low fees, and currency conversion, for a small fee.

PayPal has a referral program in place to benefit its clients: by using the referral link you will receive a $10 sign-up bonus. You will also unlock your referral code, which you can use to invite a maximum of five friends for a total of $50, $10 for each.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

• Bitbuy – $50 after depositing $250.
• CoinSmart – $50 after depositing $200.
• VirgoCX – $30 after depositing $100.
• Newton – $25 after purchasing $100 worth of crypto.
• BlockFi – $15 to $250 worth of BTC, based on your deposit.
• Binance – $100 after completing 3 tasks and bonus fee rebates.
• Coinberry – $40 after purchasing $50 worth of crypto.
• Coinsquare – $20 after depositing $100.
• Crypto.com – $25 (USD) after staking CRO.
• Shakepay – $30 after purchasing $100 worth of crypto.
• Voyager – $25 after depositing $100.
• Wealthsimple Crypto – $50 after depositing $150.
• Webull – 2 free stocks after depositing $100.

Crypto Hardware Wallets:

• Ledger – 20% discount on your first purchase.

Online Bank Referral Bonuses:

• KOHO – $20 sign up bonus.
• Tangerine – $50 after depositing $250.
• Wealthsimple Cash – $25 sign up bonus.
• Albert – $150 after depositing $200.
• Brex – $250 after spending $1,000.
• Chime – $100 after depositing $200.
• DCU – $20 after completing five transactions.
• Fairwinds – $100 after depositing $200.
• First Tech Federal CU – $100 after depositing $500.
• LendingClub – $100 after making your first payment.
• Lili – $100 after depositing $250.
• Nearside Business Checking – $50 after spending $100.
• One Finance – $50 after depositing $250.
• Porte – $100 after depositing $500.
• SoFi Money – $15 sign up bonus.

Online Broker Sign up Bonuses:

• Wealthsimple Trade – $50 after depositing $150.
• Questrade – $50 and a $150 rebate.
• Charles Schwab – $100-$1,000 after depositing $25,000-$500,000.
• M1 Finance – $30 after depositing $100.
• Moomoo – 3 free stocks ranging from $8 to $1,000 each.
• Qtrade – $25 sign up bonus.
• Robinhood – 1 free stock ranging from $3-$225.
• TradeUP – $50-$100 after depositing $1,000-$10,000.
• Yieldstreet – $100 sign up bonus.

Robo Advisor Sign up Bonuses:

• Questwealth – $50 and a $150 rebate.
• Wealthsimple Invest – $50 after depositing $500.
• Acorns – $5 sign up bonus.

Other Everyday Bonuses:

• Arcadia Power – $10 rebate towards your power bill.
• Cash App – $35 after your first payment.
• Fetch Rewards – $4 welcome bonus and 4,000 fetch points per referral.
• GetUpside – $0.45 cashback per gallon of gas.
• Google Pay – $10 after your first purchase.
• Last Bottle – $40 after your first purchase.
• Ownr – $20 to $50 rebates and many other benefits.
• PayPal – $10 sign up bonus.
• PC Insiders – $25 sign up bonus.
• Root Car Insurance – $25 after requesting a quote.
• SkipTheDishes – $5 welcome bonus and $5 for every referral.
• TopCashback – $25 after you earn $10 cashback.