Earny iOS App Gets You Money Back When Prices Drop on Past Purchases

Earny was designed to help shoppers get their money back when a store drops the price on an item they’ve recently purchased online.

Earny has announced the official launch of its app on iOS. The app was designed to help shoppers get their money back when a store drops the price on an item they’ve recently purchased online.

Earny allows users to take advantage of store policies which pay back the difference when a price drop occurs on a recently purchased item. Once users connect Earny to their email account, the app will track their purchases through email receipts.

Earny Screenshots

Once an item is tracked, the app will monitor price changes on the item, and will automatically file a refund claim if the price drops and the user is eligible for a refund. Refunds are processed back to the user’s original payment method, with MasterCard’s Simplify Commerce technology handling all of Earny’s transactions.

While Earny is free to download and use, the platform takes 25 percent of the refunds it secures for users.

In addition to launching its app, Earny also announced it has secured a $1.2 million seed investment from Sweet Capital and Science, Inc.

In a statement, Oded Vakrat, CEO of Earny, commented:

Earny’s ultimate vision is to protect users’ wallets by making sure they don’t overpay on any purchase made. We want to eliminate the headache of tracking down money people are owed on discounts on flights, hotels, products and more. We expect to get consumers approximately 10 percent of their yearly purchases back. Now with the support of the seasoned team at Science, we are excited to launch nationwide and help millions of people put money back in their wallet.

Earny is available to download for free on the iTunes App Store. The app is coming soon to Android.