What are PayPal Rewards points worth?

500 PayPal Rewards points is worth about $5. Points are valued at roughly $0.01 each and can be applied toward purchases at PayPal checkout or exchanged for rewards. Note that redeeming points for cash to your PayPal balance is set to end August 1, 2026.

Does Honey work on all shopping websites?

Honey works across many thousands of online stores. It automatically detects when you're on a supported site and shows available coupon codes at checkout.

Is Honey safe to use?

Honey is owned by PayPal. As with any browser extension, review the permissions before installing. The extension is designed to activate on shopping websites to surface coupons and rewards.

PayPal Honey Referral Program — Earn 500 PayPal Rewards points ($5)

500 PayPal Rewards points ($5)per referral

Earn 500 PayPal Rewards points (worth about $5) for each friend who installs the Honey browser extension and makes a qualifying purchase.

Payout Type

Points

Commission Type

One-Time

Difficulty

Easy

Max Referrals

unlimited

Max Earnings

unlimited

Rating

4.1(2345 reviews)

Start Referring →

What Your Friend Gets

500 PayPal Rewards points ($5)for your friend

Your friend receives 500 PayPal Rewards points after installing the extension and making a qualifying purchase.

Requirement: Must install the Honey browser extension and make a qualifying online purchase.

How to Refer

1Log in to Honey, find your referral link on the Honey Gold page, and share it via email, text, or social media.

Pros & Cons

Pros

Extremely easy to refer — free extension, no sign-up hassle
Backed by PayPal
Unlimited referrals
Automatic coupon finding requires zero effort from your referral

Cons

Only about $5 per referral (in PayPal Rewards points, not cash)
Cash redemption of points is being discontinued (ends August 1, 2026)
Referral must make a qualifying purchase to trigger the bonus

PayPal Honey Referral Program: Save Money Together

PayPal Honey (formerly just Honey) is a free browser extension that automatically finds and applies coupon codes at checkout. Backed by PayPal, it's a widely used shopping tool, and their referral program rewards you for spreading the word.

How Honey Referrals Work

Share your Honey referral link. When a friend installs the Honey browser extension and makes a qualifying online purchase, you both earn 500 PayPal Rewards points (worth about $5).

Why Honey Is Easy to Refer

Honey is free, takes seconds to install, and works in the background finding savings automatically. There's little downside for your referral — they just install it and save money. This makes the referral pitch effortless.

PayPal Rewards Points

Honey's rewards program was rebranded from "Honey Gold" to PayPal Rewards, and existing point balances were converted automatically. Points are worth about $0.01 each and can be redeemed at PayPal checkout — applied toward a purchase, exchanged for rewards, or donated. PayPal has announced that the option to redeem points for cash back to your PayPal balance or bank ends on August 1, 2026, so check the current redemption options before counting on a cash payout. While the $5 per referral is modest, the ease of conversion makes up for it in volume.

Referral Tips

Share in any online shopping context — holiday shopping, deal-hunting communities
Emphasize that it's free and automatic (no effort required)
Mention the PayPal backing for credibility
Create "must-have browser extensions" content featuring Honey

Frequently Asked Questions

What are PayPal Rewards points worth?: 500 PayPal Rewards points is worth about $5. Points are valued at roughly $0.01 each and can be applied toward purchases at PayPal checkout or exchanged for rewards. Note that redeeming points for cash to your PayPal balance is set to end August 1, 2026.
Does Honey work on all shopping websites?: Honey works across many thousands of online stores. It automatically detects when you're on a supported site and shows available coupon codes at checkout.
Is Honey safe to use?: Honey is owned by PayPal. As with any browser extension, review the permissions before installing. The extension is designed to activate on shopping websites to surface coupons and rewards.