In the recent years there has been an influx of numerous online payment portal enterprises in India. Some of the famous payment portals like PayTM, PhonePe, and Amazon Pay have been ruling the roost in the last few years and have successfully managed to broaden their user base in diverse parts of India. American Financial sector behemoth, PayPal decided to cash in on the craze and rapid increase in online payment portals usage in India so they have entered Indian market recently in hopes of profitably expanding their reach in Indian Subcontinent.
PayPal offers three types of accounts to cater the needs of 3 distinct types of customers – for Shoppers, for Business purposes, for Freelancers. The first type of the account is dedicated to customers who wish to make online or virtual transactions on purchase of any items in Online or offline mode. It is similar to how people nowadays use PayTm and PhonePe to pay at retail outlets instead of cash. PayPal has announced enticing cashback offers to its new customers who make their first purchase by processing their payment through PayPal. The users will get an instant 50% cashback on their first local PayPal purchase.
The second type of account is designed to cater the requirements of local business personnel. It is the other side of horizon of the first type of account. This type of account ensures a safe and feasible way for virtual payments to be processed the between customers and business establishments. For this the business accounts to get activated the customers need to complete their KYC. The third type of account is dedicated for freelancers who can create a PayPal account and use it for regular transactions with their clients. The freelancers account also requires the fulfilment of KYC procedure to start operating the PayPal account.
Paypal Refer & Earn Offer with Referral Code
- You have to first sign up and create an account on PayPal. Make sure to open either Freelancer or Business account!
- Then you will find a “refer now” option in your home page, open the link by clicking on refer now and fill in all the essential details.
- After completion you will be provided with a unique referral link which you can share with your friends and acquaintances through SMS, email, or any social media channels.
- Now when your friend sign’s up on PayPal using your referral link and does international transactions of at least USD 100 or domestic payments of at least INR 20000 before 20th December, then you and your friend will receive INR 400 each.