Published on February 22nd, 2019 | by William Charles57
Varo Money Banning Users For Sharing Referrals
Yesterday we posted about a new Varo Money deal where new users could get $50 for signing up and completing a direct deposit and existing users would get $50 for referring them. I just received an e-mail from Varo Money stating that they will be banning all users that share their links on third party sites, and also banning anybody who uses a link shared on a third party site. The update terms state (emphasis mine):
For example: Eligibility is based on individual Members inviting only personal friends, family, and known acquaintances. Attempts to generate referral activity by posting the Member’s unique link on third party social media, blog, or other similar websites can result in termination of Member eligibility.
They also said they have already banned anybody who shared their link. I would have thought a warning would have been sufficient given the terms are new and users likely didn’t know they were breaking the new rules, but it looks like Varo Money has gone in the complete other direction.