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User Agreement - Merchant Referral Bonus Policy

Merchant Referral Bonus Policy

Last Update: Oct 14, 2009
  1. General. The Merchant Referral Bonus Program ("MRB Program") is a program that allows you to receive a payment from PayPal ("Bonus") into your PayPal account for referring a merchant ("Referred Merchant") to PayPal. To participate in the MRB Program, you must comply with all of these requirements, and have a PayPal account that is in good standing.
  2. Referred Merchants. The Referred Merchant must be an individual or business with whom you have a pre-existing relationship. You may not obtain names for referrals from group email addresses, third party bulk mailing lists, customer lists, or other similar sources. You may not send unsolicited e-mails ("Spam"). If you send Spam, PayPal may immediately and permanently close your account. You may not refer yourself for the MRB Program. You will not be eligible for a Bonus for referring a merchant that signs up for PayPal during a reduced fee promotional offer period.
  3. Bonus Requirements. In order for you to receive a Bonus, the Referred Merchant must: (1) sign up for a PayPal Business or Premier Account through your Merchant Referral link provided by PayPal; (2) become a verified user; and (3) not already have a PayPal Personal, Business, or Premier account at the time of the referral. All of these steps must be completed prior to you being eligible for a Bonus. PayPal may discontinue or modify the MRB Program at any time by providing you with thirty days’ notice. In the event that the MRB Program is discontinued, you will receive the Bonus for all of your Referred Merchants that have satisfied all of the requirements in this section prior to the discontinuation date of the MRB Program. For all referrals, you must have a PayPal account in good standing. All conditions must be met before the Bonus expires.
  4. Bonus Amount. The amount of the Bonus is based on the Referred Merchant’s Net Merchant Sales ("NMS"), defined as the Referred Merchant's Gross Merchant Sales (the sum of Website Payments and Qualified Send Money transactions paid to the Merchant's account), less any chargebacks, refunds, and reversals. NMS includes only payments paid to a Premier or a Business account, and does not include payments paid to a Personal account. Please also note that payments amount(s) sent or received in connection with the sale or purchase of goods or services via eBay will not be included or counted towards the qualifying NMS amount. "Website Payments" are defined as payments made through PayPal's Merchant Tools, including Buy Now and Donation buttons, Subscriptions & Recurring Payments, and the PayPal Shopping Cart. "Qualified Send Money transactions" are defined as payments made through the Send Money tab of the website where the user selects the Type "Goods (other)," "Quasi-Cash," or "Service". The bonus payment is based on the amount of NMS, as follows:
    1. Initial Payout. When the Referred Merchant reaches $200.00 USD in NMS, and has become verified, an initial $1.00 USD bonus will be credited to your PayPal account. If the Referred Merchant's Primary Balance is in a currency other than U.S. Dollars, the Initial Payout will be determined according to the following schedule:

      Currency of Primary Balance $200.00 USD NMS Equivalent
      Argentine Peso 600.00 ARS
      Australian Dollar: $200.00 AUD
      Brazilian Real 400.00 BRL
      Canadian Dollar $300.00 CAD
      Czech Koruna 6,000.00 CZK
      Danish Koruna: 1,500 DKK
      Euro: €200.00 EUR
      Hong Kong Dollar $1,900.00 HKD
      Hungarian Forint: 55,000 HUF
      Israeli Shekel: 800.00 ILS
      Japanese Yen: ¥20,000 JPY
      Malaysian Ringgit 800.00 MYR
      Mexican Peso: 2200.00 MXN
      New Zealand Dollar: $380.00 NZD
      Norwegian Krone 1,600.00 NOK
      Philippine Peso 10,000.00 PHP
      Polish Zlotych: 800.00 PLN
      Singapore Dollar: $400.00 SGD
      Swedish Krona: 2,000.00 SEK
      Swiss Franc: 300.00 CHF
      Taiwan New Dollar 6,600.00 TWD
      Thai Baht 7,200.00 THB
      U.K. Pounds Sterling: £150.00 GBP
    2. If your Primary Balance is in a non-U.S. Dollar currency, your Initial Payout will be awarded according to the following schedule:

      Currency of Primary Balance Merchant Referral Bonus Amount
      Argentine Peso 5.00 ARS
      Australian Dollar: $1.00 AUD
      Brazilian Real 3.00 BRL
      Canadian Dollar: $1.50 CAD
      Czech Koruna: 24.00 CZK
      Danish Koruna: 6.00 DKK
      Euro: €1.00 EUR
      Hong Kong Dollar: $7.00 HKD
      Hungarian Forint: 210 HUF
      Israeli Shekel: 5.50 ILS
      Japanese Yen: ¥100 JPY
      Mexican Peso: 15.00 MXN
      New Zealand Dollar: $1.50 NZD
      Norwegian Krone: 6.75 NOK
      Philippine Peso 62.00 PHP
      Polish Zlotych: 3.00 PLN
      Singapore Dollar: $1.60 SGD
      Swedish Krona: 9.00 SEK
      Swiss Franc: 1.30 CHF
      Taiwan New Dollar 44.00 TWD
      Thai Baht 46.00 THB
      U.K. Pounds Sterling: £0.50 GBP
    3. Residual Payout. After the Initial Payout, and as long as the merchant is still within the 12-month Payout Period, you will receive a Bonus equivalent to 0.5% of the Merchant's NMS in excess of $200.00 USD no sooner than once every 30 days.
    4. Maximum Payouts. You may only receive up to a total of $1,000.00 USD in Payouts per Referred Merchant. If your Primary Balance is in a currency other than U.S. Dollars, your maximum payout will be determined according to the following schedule:

      Currency of Primary Balance Maximum Payout
      Argentine Peso 3,000.00 ARS
      Australian Dollar: $1,350.00 AUD
      Brazilian Real 2,000.00 BRL
      Canadian Dollar $1,500.00 CAD
      Czech Koruna 25,000.00 CZK
      Danish Koruna: 6,200.00 DKK
      Euro: €1,000.00 EUR
      Hong Kong Dollar $7,700.00 HKD
      Hungarian Forint: 210,000 HUF
      Israeli Shekel: 4,000.00 ILS
      Japanese Yen: ¥100,000 JPY
      Mexican Peso: 11,000.00 MXN
      New Zealand Dollar: $1,500.00 NZD
      Norwegian Krone 6,800.00 NOK
      Philippine Peso 50,000.00 PHP
      Polish Zlotych: 3,200.00 PLN
      Singapore Dollar: $1,600.00 SGD
      Swedish Krona: 8,000.00 SEK
      Swiss Franc: 1,300.00 CHF
      Taiwan New Dollar 33,000.00 TWD
      Thai Baht 36,000.00 THB
      U.K. Pounds Sterling: £750.00 GBP
    5. Payout Period. You are eligible to receive Merchant Referral Bonus payouts for the first 12 months of the Merchant's account ownership.
    6. Payout Frequency. You will receive your Initial Payout within one week of the Merchant reaching the initial $200.00 USD in NMS and becoming Verified (whichever is later). Residual Payouts will be made no sooner than every 30 days thereafter.
    7. Compliance with Terms and Conditions. By participating in this MRB Program, you agree to be subject to all of the terms and conditions of the MRB Program, the PayPal User Agreement, and the PayPal Privacy Policy. PayPal reserves the right to close your PayPal account and/or restrict you from participating in this MRB Program if you fail to comply with any of the terms and conditions.