Next week, PayPal will shelve its merchant referral bonus program after nearly 10 years

On August 12, eBay-owned electronic payments giant PayPal will discontinue to the Merchant Referral Bonus Program it put in place nearly a decade ago. The company will soon be amending its user agreement to reflect the shutdown. The program worked like this: when someone referred a merchant who proceeded to sign up for a Business or Premier PayPal account, he or she was eligible to receive a Merchant Referral Bonus – a percentage of the funds received by their referral using PayPal’s Website Payments or Send Money features. So why is PayPal putting an end to the bonus program? They don’t really explain that – here’s the canned statement on the reasoning behind the decision: “We’ve more than fulfilled our mission with this program. And PayPal is now proud to offer a robust and dedicated line of services for both partners and merchants.” Okay then. PayPal originally communicated that the shutdown…

Via: The Next Web

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