It’s a set and forget app … you just start getting money rolling in, explained software engineer Trevor Frese.

Heres how it works. You sign up with Earny using your email account and optionally, credit card and Amazon account. The app tracks the stuff you buy and if it notices a price drop, it will automatically file a refund request to help you claim the difference in cash.

Prices are changing all the time… price drops happen all the time and Earny is there to get you the best price, explained Dori Yona, a co-founder of the app. He says that prices on Amazon change up to 8 times a day on average.

Yona got the idea for Earny when he bought a suit jacket and saw that it went on sale a few weeks later at a lower price.

The app takes advantage of little-used price protection policies offered by retailers and credit cards – namely Citibank and Chase. While all of the policies are slightly different, they can allow a customer to get a refund on a price drop in some cases up to 90 days after a purchase is made.

Most of us don’t even know that these policies exist, says Yona.

The catch is that you must actually take the time and energy to request a refund. This is where Earnys magic comes into play.

The secret is in their proprietary system. They have built sophisticated software bots that can do a lot of the work for consumers. Tracking the prices, watching for drops and then filing the online forms required to collect the difference.

Earny covers several dozen retailers including top stores like Amazon, Walmart, Kohls, Nordstrom, GAP and more.

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