Refer & Earn– Whether you call it a feature, a facility, functionality, an opportunity to earn, a reward, or anything else, it will benefit both you and your friend!
Paytm’s ‘Refer & Earn’ programme allows all Paytm users to invite friends, relatives, or anyone they know and earn up to Rs. 50,000. Every time a Paytm user invites a friend or relative to Paytm, he or she will earn Rs. 100! Not only that, but anyone who joins Paytm through the invitation will receive a surprise cashback reward on his or her first UPI transaction through Paytm.Isn’t it amazing?
Continue reading the blog to learn more about Paytm Refer & Earn and how you can use it to earn rewards and more!
What is Paytm Refer & Earn- An Initiative to go Digital
Paytm Refer & Earn is made up of two people, who are as follows:
- Referrer- One who refers/invites another person to join Paytm
- Referee- Person who gets referred by the referrer
Refer & Earn is an initiative that allows Paytm users to invite new (never used Paytm before) or inactive (not used Paytm in the last 3 months) users to start using Paytm. The following points will provide more information about Paytm’s Refer & Earn initiative.
- Paytm users, known as referrers, can use the Paytm Refer & Earn program to invite and motivate their friends, relatives, and others to join Paytm
- Every time a referee joins through the link and completes his/her first UPI transaction, the referrer receives Rs 100 cashback
- The referee who joins Paytm via the Refer & Earn program will receive a guaranteed cashback after making his or her first UPI transaction through Paytm
- There is no limit to the number of people with whom a referrer may share the referral link
- A referrer can earn referral benefits for a maximum of 100 new referees per month and a total of 500 new referees per year
- If the referee makes a payment from Fino Payments Bank, Airtel Payments Bank, Indusind Bank, Development Bank of Singapore, Fincare Small Finance Bank, or NSDL Payments Bank, the referral will not be considered successful
- If the referrer’s or referee’s bank account is not linked to Paytm UPI, the cashback will not be processed
- It is necessary to link the bank account with Paytm UPI within 7 days of becoming eligible for the Refer & Earn cashback; otherwise, the cashback may expire
How to Use Paytm Refer & Earn?
Following are the methods to use Paytm refer & earn-
Method 1- From the drop-down menu
- Sign in to the Paytm app.
- Scroll down to the bottom of the screen and look for ‘Refer & Earn Rs. 100’.
- Click on it and share your referral link with your friends and family via Whatsapp or any other preferred medium.
Method 2- From the Search icon
- Sign in to the Paytm app
- Click the ‘Search’ button (available on the top right corner of the screen)
- Search for ‘Refer & Earn’ and then click on the Refer & Earn icon
- Now, send the referral link to your friends and family via Whatsapp or another preferred medium
Paytm’s Refer & Earn- How can a Referrer earn Rs. 100?
Once the referrer has finished inviting the referee to join Paytm, he/she must complete the following task:
- The referrer must ask his/her friend to join Paytm only through the invite given by him/her
- When the referee joins Paytm via the referrer invite and completes his/her first UPI transaction, the latter will receive Rs. 100 cashback
Where to find Refer & Earn feature on the Paytm app?
The Paytm refer & earn feature can be found by a referrer in the following ways:
- Through the featured section
- Sign in to the Paytm app
- Scroll down to the ‘Featured’ section of the screen to find the ‘Refer & Earn’ feature
- Click on it, then select the platform to which you want to send the ‘Refer & Earn’ request to the referee
- From the drop-down menu
- Sign in to the Paytm app
- Scroll down to the bottom of the screen and look for ‘Refer & Earn Rs. 100’.
- Select the preferred medium for sending invites to the referee by clicking on it
- Through the Search icon
- Sign in to the Paytm app
- Click the ‘Search’ button (available on the top right corner of the screen)
- Click it and type ‘Refer & Earn.’
- Select the preferred medium for sending invites to the referee
Note-
- Users can also send invitations to the referee via the contact list.
- The contact list only displays the names of people who do not use the Paytm app.
Why use the Refer & Earn feature?
Use the Paytm Refer & Earn for the following reasons-
- Every time a referee joins and completes his or her first UPI transaction through Paytm, the referrer can earn Rs. 100
- Paytm provides referees with guaranteed surprise cashback
- Referrers have received over Rs. 10 crore in referral benefits from Paytm
- The Refer & Earn process is simple and convenient
- Refer and Earn requests can be sent to a variety of social channels
Refer & Earn- For Referee
Paytm gives the referee a surprise cashback after he or she completes the first UPI transaction. The first UPI transaction is given special consideration because of the following UPI benefits:
- UPI is available 24*7 and can be used anytime and from anywhere
- UPI transactions are cash-free transactions (does not charges transaction fees)
- Transactions made with UPI are quick, easy, secure, and safe.
- Mobile devices can also be used to complete such transactions.
What are the Eligible Payments for Referees?
The referee can earn surprise cashback by making the following payments:
- UPI money transfer to any bank account number, UPI ID, or mobile number
- Payment for bills/recharges or to complete any payment via Paytm UPI
- UPI payment using the Paytm UPI ID on digital online apps
- Completion of payment through QR code to the bank account
