How does Earnin make money?

We’ve heard it over and over again, “It’s too good to be true. This has to be a scam. Otherwise, how does Earnin make money?”

At Earnin, we believe money should work better for everyone. When it comes to making a profit, that means flipping the traditional model on its head. Instead of charging fees or interest, we ask our community to help support us by paying what they think is fair when they use the app.

When the customer has the opportunity to set the price, they are given the power to support products that help them the most. By giving us a tip, customers ensure that we’ll be around the next time they need us. Knowing that we rely on each other creates a balance that drives us to innovate and create solutions for those who support us.

So often, companies set prices in order to get rich at the expense of the those they are serving. This is especially true in financial services. Banks, for example, cost their customers $30 billion in overdraft fees every year.

That kind of business model is creating huge divides and a future we want no part of. Instead, we’re creating a world more like the one we want to live in: one where businesses create products that help people.

So, Earnin makes money through the support of our community members who inspire us every day. If you like what we’re doing, join the community and help support the payday revolution.

You worked today, get paid today! Sign up for Earnin on Android or iOS.

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