To all marketers who are making money online via PayPal merchant bonus, I am sad to report that it will be discontinued based on the email sent by PayPal this morning. Below is the exact copy of email I received for your information.
Thank you for your participation in PayPalâ€™s Merchant Referral Bonus Program. The program will be discontinued on August 15, 2012.
Effective on August 15, 2012:
- New referrals will no longer be tracked
- Bonus accrual payments will be stopped
Your PayPal account will not in any way be impacted by the discontinuation of this program.
Any final accrued bonus balance from your referrals through August 15, 2012 will be paid to your PayPal account in accordance with the standard 30 day payout cycle.
All links you have created will still work and will redirect to a PayPal sign up page. However, referrals will not be tracked or accumulate toward this bonus program.
For further assistance, please go to our PayPal.com website and click the â€œContact Usâ€ link at the bottom of any PayPal page.
PayPal is the common payment method that is being used online. Through PayPal a merchant could accept credit card payment. But merchant needs to be very careful on using their service since it can also bring horrible experience to merchant.
Many bloggers have already earn and make money online by referring new members to Paypal. I donâ€™t know the exact reason for discontinuation of this program. As for me I am not one of those bloggers who will be affected by this one since I did not earn much from their referral bonus.