# PayPal Referral Code > Low-friction and two-sided: one £5 checkout on an account most people already have. The catch is that the £10 is non-cash store credit, and the campaign closes 30 June 2026. - TopScore: 7.2/10 (Solid) - Sector: Wallets & Pay Later - Reward (new joiner): £10 each side after a £5 spend - Code: `3kNyYfKTmyL` - Referral link: https://py.pl/3kNyYfKTmyL - Qualifying action: Open a new UK personal PayPal account and complete a £5+ GBP checkout within 30 days - Time to qualify: Up to 30 days from opening the account - Campaign ends: 2026-06-30 - Last checked: 2026-06-21 (June 2026) - Page: https://topreferrals.co.uk/offers/paypal Use the PayPal referral link for £10 to each side once a new joiner opens a personal PayPal account and completes a £5+ GBP checkout within 30 days. The reward lands as non-cash credit in the Offers section about 14 days later, not as withdrawable balance. PayPal UK is FCA-supervised; balances are safeguarded e-money, not FSCS-protected. The current Invite Friends campaign runs to 30 June 2026 (rewards expire 30 September 2026), capped at ten paid referrals. ## Rewards - Both sides: £10 — After the new joiner opens a personal account and completes a £5+ GBP checkout within 30 days; non-cash credit in the Offers section; campaign ends 30 June 2026, rewards expire 30 September 2026; capped at ten paid referrals (£100 max) ## How it works 1. Open the PayPal referral link on your phone or desktop — the invite attaches automatically. 2. Sign up for a personal PayPal account, or sign in if you are returning. 3. As a new joiner, make one qualifying purchase of £5 or more at a UK PayPal-accepting merchant within 30 days. 4. About 14 days after the purchase settles, a £10 reward appears in the Offers section of both accounts. 5. The reward applies automatically at your next eligible PayPal checkout. ## Eligibility UK residents aged 18+ with a personal PayPal account in good standing. Business accounts are excluded. You need an authorised invite — bulk-posting the link breaches PayPal's terms. Campaign ends 30 June 2026; rewards expire 30 September 2026. ## FAQ **Is the PayPal £10 referral still active in 2026?** Yes, but it is time-limited: the Invite Friends campaign runs from 1 February to 30 June 2026, and rewards expire on 30 September 2026. Both sides get £10 once the new joiner spends £5 on a qualifying GBP checkout within 30 days of signing up. **What counts as a qualifying purchase?** A completed PayPal checkout of £5 or more, in pounds, to a UK merchant, within 30 days of opening the account. Charitable donations, non-GBP transactions, balance top-ups, gift-card purchases and PayPal Business Debit Mastercard spending do not count, and the transaction must settle rather than be refunded or reversed. **How is the £10 paid — can I withdraw it?** No. It lands as non-cash credit in the Offers section, not as PayPal balance or e-money. You cannot withdraw it, send it to a friend or buy gift cards with it; it applies automatically at your next eligible checkout, and if that purchase is over £10 your linked card or bank covers the difference. **Who can claim it?** UK residents aged 18+ with a personal PayPal account in good standing. Business accounts are excluded, and you need an authorised invite — bulk-posting the link on social media breaches PayPal's terms. **Is there a cap?** The referrer can earn up to £100 — ten paid referrals — per offer period, on a first-come, first-served basis. **Does paying with PayPal affect my Section 75 rights?** It can. Routing a card payment through PayPal often breaks the legal chain between your card issuer and the merchant, which can remove Section 75 protection on purchases between £100 and £30,000. PayPal Buyer Protection and card chargeback can help, but they are not statutory rights and have shorter time limits — for big-ticket items, pay the retailer directly on a credit card. ## Full review PayPal is the wallet almost everyone in the UK already has, which is why its Invite Friends offer scores so well on ease: there is no new card to apply for and no spending hurdle to speak of — one £5 checkout and you are done. The two things that hold it back from the top of our table are that the £10 is store credit rather than cash, and that the whole campaign runs against a hard 30 June 2026 deadline. ## What you get, and why it is not cash When the new joiner qualifies, **£10 appears for both sides — but as a non-cash reward in the Offers section** of the account, not as spendable PayPal balance. You cannot withdraw it, send it to anyone or convert it to a gift card. Instead it applies itself automatically at your next eligible PayPal checkout; if that purchase costs more than £10, your linked card or bank tops up the difference. It is genuinely worth £10 off something you buy — just don't expect money in your bank. The reward lands about **14 days after your qualifying transaction settles.** ## How to claim it before the deadline Open the referral link, sign up for (or into) a **personal** PayPal account, and within 30 days make one qualifying purchase of **£5 or more** at a UK merchant that accepts PayPal. That is the entire flow. Because most readers already shop somewhere that takes PayPal, the qualifying step is usually something you were going to do anyway. The campaign window is **1 February to 30 June 2026**, with rewards expiring **30 September 2026.** PayPal has run earlier rounds (the previous one ran July–October 2025) and will likely run more, but there is no guarantee, so if the £10 appeals it is worth claiming inside the window. ## What counts, and what doesn't The qualifying purchase must be a **completed GBP checkout to a UK merchant.** Excluded are charitable donations, non-sterling transactions, top-ups to your own PayPal balance, gift-card purchases and anything on a PayPal Business Debit Mastercard. Refunded, cancelled or reversed transactions don't count either — the payment has to settle. ## The Section 75 catch This is the most important thing to understand about paying by PayPal generally. When you fund a card payment through PayPal, the wallet usually sits between your card issuer and the retailer, which can **break the chain that Section 75 of the Consumer Credit Act relies on** — removing the protection you would normally have on a credit-card purchase between £100 and £30,000. There are exceptions (guest checkout, some Commercial Entity Agreement merchants), and PayPal Buyer Protection plus card chargeback can fill part of the gap, but those are not statutory rights and run on shorter clocks. For anything expensive, pay the retailer directly on a credit card. ## Is PayPal regulated? PayPal's UK entity is **directly supervised by the FCA** (it moved from Luxembourg oversight in late 2023) and holds permissions as an e-money institution, a consumer-credit firm and a registered cryptoasset business. Your PayPal balance is **safeguarded e-money, not an FSCS-protected bank deposit** — held in segregated accounts rather than guaranteed up to £85,000. The company reported around 439 million active accounts worldwide in its 2025 results, so reliability of the platform itself is not in question; the protection point is simply about what a wallet balance is. ## What we checked We verify this against **PayPal's own Invite Friends terms** and re-check the live campaign monthly, with a daily link check. Because the offer is store credit and time-limited, we are careful to describe exactly what the £10 is and when it expires, rather than implying cash. The code is baked into the link, so there is nothing to type.