Does your company offer for paid referrals to others?

My company does and works with businesses doing over $1M+ rev a year, and 10 to 5000 employees white and grey collar business. We offer $200 for each introduction to a c-level/owner of said business that leads to a first meeting. We also offer anywhere from $500 to $2000 if that deal closes as well as residual payouts after the 4th referral that closes. 

I'm curious how this is compared to others and if it would benefit anyone to make some extra cash plus help their clients and connections?