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How does Baselane make money?
How does Baselane make money?
Landlord Support
Mohanad Alshaka avatar
Written by Mohanad Alshaka
Updated over a week ago

Baselane makes money primarily through the financial services we offer. This enables us to provide our core services for free.

Baselane Banking

Like most banks, we earn interest on the balances held in Baselane Banking accounts and receive a small portion of the merchant fee, also known as interchange, when you use your Baselane Visa debit card.

We share part of the interest and interchange with our customers, enabling customers to earn 4.25% APY on all balances (71x the national average) and up to 5% cash back.

Online Rent Payments

It’s completely free for tenants to pay rent on Baselane from their bank account via ACH transfer. If tenants choose to pay rent via debit or credit card, like all rent collection platforms, we charge tenants a small processing fee (2.99%). We keep a small percentage of this fee.

Partner Services

We offer landlord and tenant services through our partners, including investment property insurance, renter’s insurance, and lending. We earn a referral fee if you decide to use one of our partner services.

Premium Features

We will be rolling out additional pro features in the future; these will be available for a small monthly fee.

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