Paypal: $20 Signup Bonus for New Members

The Offer

Direct Link to offer

• Paypal is offering a $20 account credit for new members who sign up between December 2 – December 9.

No spend required to get the credit, but the credit can only be used on purchases $30+, so it’s basically like $20 off $30 to spend anywhere Paypal is accepted.

The Fine Print

• Offer enrollment is valid from 12/2/2019 through 12/9/2019 11:59pm EST.
• Offer can be used until 12/16/2019.
• Offer valid for new customers only.
• A $30 minimum purchase is required. Not valid on previous purchases, and cannot be combined with any other offer. Offer limited to one per customer or account. Not redeemable for cash.
• Open only to residents of any one (1) of the fifty (50) United States or the District of Columbia who: (1) are eighteen (18) years of age or older; and (2) “are holders of a U.S. personal (including PayPal, PayPal Cash and PayPal Cash Plus) premier or business PayPal account in good standing (“Valid Account”)”.
• Purchases made in USD using a Valid Account with required minimum spend of $30 and completed before 11:59 pm on December 16th, 2019. Eligible Purchases do not include: (1) send/receive money transactions (including those marked as a “Goods and Services” payments), (2) charitable donations, (3) purchases made using PayPal.me; (4) PayPal Cash Mastercard®, PayPal Cashback Mastercard®, PayPal Prepaid Mastercard®, PayPal Extras Mastercard®, and PayPal Business Debit Mastercard® purchases made using the card directly and not through your Valid Account, (5) PayPal transaction fees.
• “Redemption Period”: Starts at 12:01 a.m. Eastern Standard Time (“EST”) on December 2nd, 2019 and ends at 11:59 p.m. ET on December 16th, 2019.
• $20 USD voucher that will be viewable in the “Offers” section of the Eligible Participant’s Valid Account for personal or premier accounts. The offer will be sent to Eligible Participant’s Valid Account within 48 hours after Account is created, Credit or Debit card or bank account is linked and phone number is verified. For business accounts, the Reward will only be visible during checkout and on the purchase transaction receipt(s). Only eighteen thousand (18 000) Rewards are available during the Qualification Period; Rewards will no longer be awarded once the limit is reached.
• Eligible participants must (1) open PayPal account during the Qualification Period on this dedicated landing page (https://www.paypal.com/us/webapps/mpp/last-minute-holiday-shopping); (2) who linked a valid and unique credit or debit card or bank account as a funding source in PayPal before 11:59 pm ET on December 9th, 2019; (3) verify mobile phone number before 11:59 pm ET on December 9th, 2019; and (4) make an eligible purchase during the Redemption Period. For certain offers as described in the invitation for the offer, Eligible Participants must activate the offer by following the steps in the invitation prior to qualifying.

Our Verdict

Really sweet deal, seems to be publicly available. Obviously most of us already have Paypal accounts, but if you’ve been thinking of having a separate business account (fine print indicates business accounts are eligible) or having a separate account for your P2, this is nice bonus. I don’t think we’ve ever seen this much before, just maybe some $5 or $10 offers.

Hat tip to SD