Update 8/6/21: Points posting now for more people (maybe for everyone now?). I got it now as well, woot!
Update 7/30/21: Points now posting for more people.
Update 6/26/21: Points are now posting from this promotion.
Update 4/28/21: This promotion has expired. For those who already did it, payout is expected in mid-May, according to a report.
Update 4/27/21: I just got around to doing it. It was a painless 7 minute phone call with Paypal. The rep was very familiar with the Brex process and bonus. They do ask for your website and what your payment processing needs and estimates are. The rep told me that Paypal sends Brex the list of users who signed up. Make sure your Paypal business account uses the same email as your Brex account. Also worth having your Brex bank account added to your Paypal business account.
I clicked through the direct link below and filled out the form (not sure if this step is really necessary), then immediately called 855- 787-4321 and selected option 2, then chose the call-back option and got a call back within a few minutes. I told the rep that I want to set up a merchant account with online invoicing as the only payment method (this has no fees), and that I’m setting it up as part of the Brex integration (ht VFTW). Then I was prompted by the agent to do a test invoice and payment (invoiced $1 to my personal Paypal and paid it to my business as an invoice payment) which promptly showed up in Paypal. I then withdrew my Paypal balance to my Brex account (not sure if this is necessary). The rep confirmed he’ll add me to the list that goes to Brex as those who signed up for the promo. Hopefully the 100,000 bonus shows up without a hitch.
Update: Initially we had written that you need to pay the $30 monthly fee, but readers say you can signup for a no-monthly-fee option and get the bonus as well.
Contents
The Offer
Direct Link to offer (Brex login required)
- Brex business account holders can get a bonus of 100,000 Brex points (worth at least $1,000) when signing up for PayPal Merchant Processing and payment processing begins.
PayPal merchant processing costs $30 per month + processing fees.
Our Verdict
This will likely only work for a business that has payment processing needs. It’s possible that you can describe even a small amount of processing need and they’ll accept you.
I’ve never done any payment processing deals before, please let us know your thoughts and if it’s worth it in the comments below.
Hat tip to Agile–Travel
Does anyone know if these 100,000 pts are going to be considered taxable ie on a 1099-INT?
Points posted after many back and forths and great help from CFPB. It sounds like so many people filed complaints that these companies were forced to be accountable. Brex stepped up to the plate in the end…even if they sent out an email denying any liability on their part.
For those transferring points to airlines: are there any sweet spots you’re aware of? All I know is that there’s a 20% bonus right now for transfers through Aug 8.
You guys are all gloating about getting the points, and I haven’t got the email, so I figure I’d check my Brex account just to piss myself off. But magically 100K points appeared! Finally!
Argh! A pirate and his matey got their booty! Thanks Brex for the $2k!
Got em 😎👍🏻
Woo hoo! I finally got my points today too. I got the same email as everyone else.
I’m shocked, but I just got the 100,000 points awarded into my account. Still seems sketchy, but very thankful for this page and the offer from Brex!
Email:
We’re writing to follow up on our recent promotion with PayPal. Our records show that you applied for but did not receive the promotional award of 100,000 Brex points as you did not meet certain eligibility requirements outlined in the promotion’s terms.
Brex and PayPal value their relationship with you and have reevaluated the previous eligibility determinations. We’re happy to grant you the full promotional award of 100,000 Brex points, which should be reflected in your Brex rewards balance.
On behalf of both Brex and PayPal, thank you for being a valued customer and enjoy your rewards!
The Brex team
Woo hoo! I finally got my points today too. I got the same email as everyone else. I had chatted with and emailed Brex, but I was starting to lose hope. I am so thankful to everyone that escalated this and filed complaints – I am SURE that is why they are finally awarding points.
Just got an email with this:
“We’re writing to follow up on our recent promotion with PayPal. Our records show that you applied for but did not receive the promotional award of 100,000 Brex points as you did not meet certain eligibility requirements outlined in the promotion’s terms.
Brex and PayPal value their relationship with you and have reevaluated the previous eligibility determinations. We’re happy to grant you the full promotional award of 100,000 Brex points, which should be reflected in your Brex rewards balance.
On behalf of both Brex and PayPal, thank you for being a valued customer and enjoy your rewards!”
Background- when points first posted and I didn’t receive any I followed up with brex and they told me to take it up with paypal- I never did. I haven’t done anything else with it and figure it was a lost cause. Great surprise to see in my account!
I too just received the message as did not qualify, but we’re are awarding the points. With the 20% bump, I’ve transferred to Singapore in hopes of one day 2P and I get to go on a flight with a suite arrangement before 1st/suites disappear! Of note I took a different tack. I did not write to third parties, but keep it very civil with (3) Brex support staff. I figured they (PayPal) would or would not and let it go I guess if not. Good Luck all who have not, but I think it’s a PR game now and much more positive of getting your points.