Is the 'backer fee' my profit/return? July 02, 2019 14:33 Updated Yes! The Backer Fee is essentially the 'interest' that you will make by backing a loan. Related articles How soon will I get my money back once I back a loan? Why would I use The Halo App to make money over other investing options? What happens if a borrower defaults? Can a borrower renegotiate payback terms after an offer is accepted? Is there an incentive for paying back a loan sooner? Comments 0 comments Please sign in to leave a comment.