What is Paytm’s Refer & Earn Scheme

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:

1. Referrer- One who refers/invites another person to join Paytm
2. 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:

1. 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

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’.
• Select the preferred medium for sending invites to the referee by clicking on it

1. 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-

1. Users can also send invitations to the referee via the contact list.
2. 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