- EarnIn launched a new Live Pay tool and Visa card that let users access their earnings in real time as they work, up to $1,500, per pay period. with no interest and no credit check required.
- The new earnings tool is designed for gig workers and those with variable incomes, helping them align cash flow with expenses and avoid reliance on credit cards or payday loans.
- Users who enable autopay benefit from reduced fees and may even help improve their credit score.
Earnings management company EarnIn is changing the game when it comes to payday. The California-based company recently announced the launch of Live Pay, a tool that lets workers get paid continuously.
While most earned wage access tools allow workers to receive a portion of their paycheck a few days early, EarnIn allows users to gain access to their earned funds as they work. Live Pay provides a real-time earnings stream that grows when the user works.
The card is available to users through the new EarnIn Card, which is available to the public starting this month. The Visa card, combined with Live Pay, enables cardholders to redeem up to $1,500 per pay period. Because EarnIn reports account activity to credit bureaus, users who make on-time payments may be able to boost their credit scores. Users who set up autopay not only support their credit health but also benefit from reduced fees, an incentive that EarnIn offers to promote consistent repayment habits.
Live Pay is particularly well-suited for gig workers or workers in industries with variable hours or inconsistent pay cycles, where financial stability can feel out of reach. By enabling real-time access to earnings, EarnIn helps users better align income with expenses, reducing reliance on credit cards, payday loans, or overdraft fees.
“The natural evolution of any batch-based system is continuous—and payroll is no different,” said EarnIn Founder and CEO Ram Palaniappan. “Earned wage access was a step in that direction, but it was inevitable that pay would move like everything else in your life—in real time. We stream music, entertainment, news, sports, and more whenever we want—now, with EarnIn Card and Live Pay, you can stream your pay too. It’s a system that’s always on, always working. Live Pay gives workers access to money they’ve already earned, putting them back in control of their financial timing. It’s a long-overdue upgrade to how we get paid.”
The EarnIn Card comes with no interest on transactions and no credit check requirement. Instead, it uses a flat fee structure that varies based on user behavior:
- One-time Processing Fee: Users pay a $5 fee when requesting their first card, which covers production and shipping. This fee is waived entirely for users who enroll in autopay.
- Monthly Access Fee: The standard monthly fee is $12.99, but it drops to just $2.99 when autopay is enabled for the full month. This fee is charged as a transaction on the EarnIn Card and collected during the repayment process.
- ATM Fee: Withdrawing cash from an ATM using the EarnIn Card incurs a $2.99 charge per transaction, not including any third-party ATM operator fees.
- Penalty APR: If a user is more than 365 days late on a required payment and receives advance notice, a small penalty APR of 0.001% may be applied to the overdue balance until it is fully repaid.
Behind the scenes, Live Pay is made possible through EarnIn’s partnerships with BaaS providers like Evolve Bank & Trust and Lead Bank, and by leveraging real-time payment infrastructure that enables the fast, reliable delivery of funds.
EarnIn was founded in 2012 when it launched Early Pay, an earned wage access tool that allows customers to access their entire paycheck up to two days early. The company also offer other banking tools in addition to earned wage access tools, including credit monitoring, savings tools, and overdraft protection.
Photo by Valeria Boltneva
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