Membership Fees

The Open Credit Network is not aiming to make huge profits. As a co-op, our primary motivation is to serve our Members.

Is is entirely free to join and have your business listed in the Directory.

During our Alpha phase the first 100 business to sign up as Trading Members can join and trade for FREE!

Sole Trader

£50yearly
  • Sole Trader only
  • Credit limit: On application
  • Transaction fee: 0%
  • All fees waived: FREE for the first 100 businesses who join

Small Business

£150yearly
  • 1-9 employees
  • Standard Credit limit: £500
  • Transaction fee: 0%
  • All fees waived: FREE for the first 100 businesses who join

Medium Business

£500yearly
  • 10-50 employees
  • Standard Credit limit: £1500
  • Transaction fee: 0%
  • All fees waived: FREE for the first 100 businesses who join

Large Business

£2000yearly
  • 50+ employees
  • Standard Credit limit: £2500
  • Transaction fee: 0%
  • All fees waived: FREE for the first 100 businesses who join

During our Alpha phase we have waived all fees for the first 100 Trading Members to sign up, in order to encourage uptake and trading from which we can learn and plan for the Beta phase.

You can read more about OCN’s promises, obligations to Members and Members’ obligations in our Alpha Membership Agreement.

In future phases we will be charging fees in order to be able to fund the operations of The Open Credit Network.

  • Membership Fees are set according to which plan Members are subscribed to.
  • Any Member wishing to leave The Open Credit Network before the next phase will be required to bring their account balance to zero or positive.
  • Members wishing to increase their credit limit should contact the Admin Team to provide details about their number of employees, incorporation etc
  • Transaction Fees are set 2% but are waived for all Trading Members during the Alpha phase.

If you have any questions or feedback about our fees please let us know.