Does Paypal Offer An Affiliate Or Referral Program ?

No, currently PayPal does not offer any referral program to its users, although they offer a referral program in past, you can see the details of their referral program on PayPal Bonuses Policy page. But on 15 September 2012, they officially announced that their referral program is closed now with a message that :

“We’ve more than fulfilled our mission with this program and PayPal is now proud to offer a robust and dedicated line of services for both partners and merchants.”

Paypal's updated user agreement after closing of referral program:

The Merchant Referral Bonus Program (“the Bonus”) will be discontinued for all account holders and the PayPal Bonuses Policy will no longer be in effect. Active account holders will receive an email from PayPal indicating an end date specific to their current participation in the Bonus program.

You will receive this email at least 60 days in advance of the end date. Once your end date is in effect, new referrals will no longer be tracked or accumulate toward this bonus program. In addition, bonus accrual payments will be stopped.

Any final accrued bonus balances from your referrals will be paid to your PayPal account in accordance with the standard 30 day payout cycle. Your PayPal account is not impacted in any way with the discontinuation of this program.

This is a disappointing news for the merchants who were using PayPal for earning some extra income, well don't be disappointed there are many other payment processors which are offering good referral program to their users.

Also read: Infolinks Affiliate or Referral program details (Recommended)