From: PayPal
Subject: PayPal Merchant Referral Bonus
Date: August 20, 2004 12:37:27 PM PDT
To: Andre Torrez
Dear Andre Torrez,
Thank you for referring Xxxxx Xxxxxxx to PayPal. Because Xxxxx Xxxxxxx just signed up for a Premier or Business PayPal account, you are now eligible to receive a Merchant Referral Bonus.As soon as Xxxxx Xxxxxxx has used PayPal to receive a total of $200.00 USD in payments, you will receive your initial bonus of $1.00 USD, which will be deposited directly into your PayPal account
I did not know that. I think that's a little low. I'm not complaining, they could give 50¢ and I probably wouldn't care, but I think as an incentive that's not a very good one.
Matt
Weird, they used to give an instant $5 referral bonus on all new accounts. I agree that a buck after someone moves $200 is kind of low.
friday
august, 20 2004
dansays
It says "initial" bonus. Maybe that means there's more to come? If there is, they're doing a rather poor job of telling people about it.
saturday
august, 21 2004
dansays
Yep: You earn 0.5% of their volume. (Or, $1 if they process $200.)
https://www.paypal.com/cgi-bin/webscr?cmd=p/mrb/mrb-faq-outside
saturday
august, 21 2004
jkottke
Woo! We're gonna be rich. You'd better cough up that 50 cents when payday rolls around, Torrez...daddy needs a pack of gum.
saturday
august, 21 2004
rmcmahon
Worst pyramid scheme EVER. It doesn't even have a koala bear...
monday
august, 23 2004