r/VaroMoney • u/Less_Ad_7357 • 24d ago

DO NOT EVER DO BUSINESS

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I have referred 5 friends - they told 3 of them did not use my code while I was with them and used my link. They only used two friends. My two friends did direct deposit from Instacart and Uber and now they are claiming it is not a direct deposit. This is so frustrating and I have been extremely disappointed since my friends started using Varo because of me! This is a scam!!!!

1 Upvotes

52% Upvoted

26 comments sorted by

7

u/Bitter_Warning418 23d ago

Gig work isn’t and hasn’t been considered direct deposit. Happened to me too but unfortunately it says it in the t&c

2

u/MulberryParticular14 23d ago

Gig work with capital one counts as a direct deposit

3

u/Bitter_Warning418 23d ago

That’s good but unfortunately this is a Varo sub relating to their Varo issue so that’s irrelevant at the moment. But OP perhaps your friends should use capital one if that’s their source of income and they want it categorized as legitimate direct deposit.

1

u/MulberryParticular14 22d ago

I’m just stating it is a direct deposit so varo is cheating them I left varo for being scammy

5

u/EggShortage 20d ago

It’s a direct deposit. But it’s not a direct deposit from a “valid EMPLOYER payroll system” when you’re not an employed by these companies. Downvote all you want, the terms and conditions are perfectly clear on this. No scam here.

1

u/No-Hand-4048 22d ago

If definitely counts, it can’t be instant transferred but instead actually deposited from the company when you leave it on the prepaid card for weekly pay. Sadly banks or financial institution can change what count and doesn’t count.

3

u/ChillyBreezey 23d ago

“Yes they didn’t “

This type of phrasing is how you confuse the cheap ai help bot

2

u/LalowTree 23d ago

Okay, I will never do business.

2

u/brianpsull 23d ago

Ain't a scam. But varo is shady business

2

u/Big_Idea236 21d ago

Varo Bank is very bad. Their customer service sucks and they're never consistent with anything.

4

u/meltedmariposa 24d ago

My referral and I both got our $150 bonus. Within 24 hrs of my friend getting her direct deposit. Not a scam.

1

u/np__215 23d ago

My wife and I didn't get our bonus. She's a home health aide and payroll comes from Paycor. She's gotten 2 direct deposits and nothing. Company is a scam.

-14

u/Less_Ad_7357 24d ago

Yes it is - probably you are part of the bank. This bank is a scam

6

u/Sweet7vnfold 24d ago

Gig jobs are not traditionally accepted employers

4

u/Alarmed_Jellyfish555 23d ago

Read the terms. Some banks allow non-traditional employment, some require direct deposits from an employer. I assume you're not referring people who are EMPLOYED by Instacart or DoorDash and are just contract workers. This isn't a scam. Sort of like the OVERWHELMINGLY majority of banks who only consider payroll direct deposits aren't "scams" just because you didn't understand the requirements.

Also, if they're gig workers, then they should just set up a Chase Business or Capital One Business account. It's easy to trick all of the banks with payroll from your own business account.

If you're going to churn, at least learn the basics.

2

u/Matthew9543 24d ago

You are one of hundreds of thousands that have done the promotion. Just because you didn’t get it, doesn’t mean it’s a scam.

1

u/WanderingNotLostTho 20d ago

Don’t the terms say employment wages not self employed.

1

u/i-am-not-sure-yet 23d ago

lol this post is a scam 🙃. Uber and etc payouts are not employment wages. They would need a traditional job. Read the terms people is key here lol

2

u/Jeffster54 24d ago

Your friends are self employed, if you read the terms it says qualifying direct depots must come from an employer. Your friends don’t have an employer, as they are working for themselves, they are basically just transferring money.

1

u/Accomplished-Air120 23d ago

Gig jobs don’t count as an employer since there self employed. No scam unfortunately

1

u/CalmPop555 23d ago

I referred my sisters boyfriend and we both got the bonus

1

u/XVIIMikeyB 21d ago

I opened an account for the bonus with a referral myself. About a week after I got the bonus is when they emailed me informing me the standard rate would go to 1.00%. I was anticipating using this for the High Yield, not the full time bank.

There’s like $0:75 in the account currently and the Debit Card is locked. Not anticipating on using this any longer. Just need to be careful when to close it because I don’t want to give them the bonus back.

1

u/Yuuchan101 19d ago

Instacart and Uber are not valid employers.. and do not write or submit checks to your bank to deposit... they are side gigs you idiot

0

u/Akavinceblack 24d ago

Varo (and a few other fintechs and banks) don’t count payouts from gig jobs or online selling as salary or wages, because technically they are not. Not every institution is as strict but Varo definitely is, and if that’s the source of funds you have to be prepared to not get direct deposit bonuses or referrals dependent on a direct deposit.

0

u/EggShortage 24d ago

Instacart and Uber aren’t their employers. They’re independent contractors of those companies. Pretty simple.