What this video covers
Every setting on the Referrals tab of the Points program editor: the Referrals switch (0:14), the reward for the customer who shares the link (0:25) and for the friend who uses it (1:03), When rewards are given (1:35), Who can take part (2:08), Text customers see (2:30), Your own link address (2:43) and the two links under More (3:01). It ends on your store (3:13), where signed-in customers find their referral link and share buttons in the loyalty popup.
In short
Rewards: click Customer who shares the link or Friend who uses the link, then choose what they get. Picking another kind replaces the saved reward when you save.
Give rewards when sets what the friend has to do: sign up, place an order, buy a subscription, buy certain products, or buy from certain collections.
Who can take part uses customer tags: two rows set who can share a link, and two set which friends get a reward. To count only new customers, tag your current customers "existing" and add that tag under Friends with these tags don't get a reward.
Note on pending referrals shows on each referral still waiting for the friend's order: in Your Referrals in the popup, on the loyalty page and in customer accounts.
Free product and Store credit rewards, and Your own link address, need a higher plan.