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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rain Instant Pay


About lender

Rain is an employer-sponsored and integrated provider of instant pay financial products. Rain Instant Pay allows its users early wage access and provides savings and budgeting tools and checking accounts. You can gain early access to your paycheck. The company states it has a new approach to payrolls and wants to help people regrow individual freedom.

Early access to wages helps employers improve retention, so employees will not engage in a search for other places making new job applications. Employees, therefore, gain new financial tools. Users should contribute a small fee to access money. The sums they haven't withdrawn will appear on their paychecks without overdraft fees and late fees.

It is worth noting that with the help of this service, you can potentially improve your credit. By itself, a credit report is an opportunity to assess a person's ability to service a loan. The higher the level that the borrower meets, the higher the possibility of receiving cash, and the better the conditions offered. Therefore, based on the above, Rain can help the client improve his credit history. For example, if a person wants to take out a loan to buy a house, apartment, or car in the future.

Rain Technology Inc. is registered in Delaware. It is the most active investor in trend globally and of QED, the number one Fintech investment group, and the most active employer-integrated instant pay service.

Pros and cons


  • Get your funds fast. Rain is intended to provide you with financial wellness benefit. Therefore, it services the loans instantly through automatic transfers.

  • Employers can join Rain and improve their retention and make their business more stable.

  • Employees get services allowing them to benefit from payrolls.

  • Rain Instant Pay offers loans on better terms than payday loans. You get funding legally and not from predatory financial products.

  • Rain promotes income streaming. This means employees gain power over their income and can withdraw it if needed.


  • There is a fee you should pay the company each time you withdraw the funds.

  • There isn't much information about Rain Instant Pay products. They only state their mission and the intention of giving people control over their income.

Terms and conditions

The offer Rain provides to people is a kind of loan intended to eliminate predatory financial products such as payday loans. Rain Instant Pay usually serves as good support for starting stable financial lives for people who do not have early wage access and are living paycheck to paycheck.

If you need the money fast, Rain Instant Pay has several tax refund credit alternatives that you can access throughout the year. From payday loans that can give you cash until your next paycheck to a line of credit that you can access when you need it, these loans can help you cover your expenses without hassle.

After you fill out a quick application online or in the store, you can get approved for a loan in minutes and receive your money on the same day.

Rain makes money on withdrawal fees. It charges $3.99 each time you withdraw the money from your account.

The maximum default withdrawal is set to 50% of the gross earned wages of the employees. This is a measure to prevent overdrawing.

The employees sign the form to use Rain: Electronic Transactions and Consent to Electronic Records Agreements and an Electronic Funds Transfer Agreement. They outline the way Rain distributes information electronically. Employees agree to receive documents electronically. Rain transfers money to the accounts securely.

How to borrow from Rain Instant Pay

Rain instant pay allows people to forget about living paycheck to paycheck and can also kill predatory financial products like payday loans. It expands the empowers employees of a particular company, leads to the financial recovery of the "internal economy" of each person, or restores individual freedom.

After all, maybe your salary is still a week away, and you are in great need of money. There are several conditions for using Rain Instant Pay:

  • The employer signs up with Rain and offers the benefit to its employees. They provide their basic data like name, wage, and email.

  • Rain collects income data straight from the employees. It is validated by proprietary tools.

  • Employees gain access to their earned wages with instant credit at any time.

  • Employee repays the advance when their next salary gets credited.

Rain instant pay is actually engaged in giving people control over their own finances.


How does rain instant pay work?

Rain instant pay integrates seamlessly with most payroll systems; your payroll team will not need to spend additional time or resources managing Rain instant pay. Actually, through the Rain Smartphone app, people can access half of their earned wages on demand at any time. Moreover, Rain instant pay has zero fees and zero hassle for your payroll team. Also, every time an employee withdraws earned wages through the Rain app, it charges a small fee similar to the ATM fee.

Does the rain app work with Walmart?

Walmart is an American company that manages the world's largest wholesale and retail chain operating under the Walmart trademark. This application works with Rain instant pay. However, it does not check the Rain for customers.

What is a rain payment?

Rain payment is an on-demand payment. The system itself offers access to wages to employees of mid-level employers. The benefit is free for the employer, and employees pay only for the transaction. Rain instant pay also offers additional financial literacy and financial wellness benefits, like access to a live financial coach and discounts on other benefits. Rain can provide a kind of individual freedom and give people control over their finances.

What is rain banking?

This is a set of different types of banks that are directly connected with this system, operating within the framework of a common monetary mechanism.

Company documents

Privacy Policy
Terms of use

Our mission is to regrow individual freedom by giving people control over their income and finances. We are killing predatory financial products like payday loans.

© Rain

What to focus on before applying for a loan with Rain Instant Pay

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Rain Instant Pay and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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All Rain Instant Pay’s reviews by October 2022
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