# Pricing

Setting up a Collective is free, but fees may apply to accept and pay out money.

### More details: [Open Collective Pricing](https://opencollective.com/pricing)

#### Current pricing terminology

<table><thead><tr><th width="182.87016081000593">Term</th><th>Meaning</th><th>Note</th></tr></thead><tbody><tr><td><strong>Platform Tip</strong></td><td>Voluntary donation to Open Collective</td><td>Financial contributors see the tip option at checkout</td></tr><tr><td><strong>Host Fee</strong></td><td>Fee charged by Fiscal Hosts to Collectives for their hosting services</td><td>Varies depending on the Fiscal Host (commonly 0%-10%)</td></tr><tr><td><strong>Platform Share</strong></td><td>Host Fee revenue shared with Open Collective</td><td>15% of Host Fees charged by Fiscal Hosts goes to the platform</td></tr><tr><td><strong>Owed</strong></td><td>Platform Share and Platform Tip amounts due to be paid</td><td>Seen in Host reports and data exports</td></tr></tbody></table>

*Want to see a detailed tour of* [*how money flows on Open Collective*](https://blog.opencollective.com/how-money-flows/)*?*

#### Previous pricing terminology

We iterated the pricing model a few times before settling on what we think is the best method. We're still updating terms in a few places, so for clarity these are defined here in case you encounter them.

| Term           | Replaced by    |
| -------------- | -------------- |
| Platform Fee   | Platform Share |
| Host Fee Share | Platform Share |
| Shared Revenue | Platform Share |
| Debt           | Owed           |