Overview
Billing
We believe that a problem with platforms like Shopify and others is that a monthly subscription may be prohibitively expensive. When trying to turn an idea into a business you may not be able to afford a subscription. Therefore, on OrellaMoney there is no monthly subscription and instead we charge a percentage on each transaction. That way you don't pay anything until you're already getting paid.
Application fee percent
There are three separate application fees which are charged based on total volume your business processes:
4.9%
- On sign up3.9%
- When you process more than $1,000 in sales2.1%
- When you process more than $25,000 in sales
If you have extenuating circumstances please reach out to support to discuss the potential for a negotiated rate.
Stripe fees
One important thing to realize is that OrellaMoney leverages Stripe to process transactions. As such, Stripe has processing fees on their end as well which you are charged directly. There is a complicated set of prices depending on which local payment methods you want to support, but as a simple rule of thumb a 2.9%
+ $0.30
is charged on all domestic credit cards transactions.
Transaction fees
When you make a sale the OrellaMoney and Stripe fees are automatically deducted and you'll receive a payout with the remaining amount.
As an example, if you were a brand new account and sold a product for $80 through a domestic credit card the following fees would be paid:
- $80.00 ~ Total sale
- -$ 3.92 ~ OrellaMoney application fee (
4.9%
) - -$ 2.62 ~ Stripe fee (
2.9%
+$0.30
) - $73.46 ~ Net amount you'd receive in your bank account
While we recognize that this is a significant amount of your margin, the value proposition is that there is zero up front cost for you to start selling your products. And as you make more sales OrellaMoney will take a smaller percentage of each sale.