Today we are introducing updates to our pricing structure, which will take effect on May 1, 2023. Given the macro-environment and overall inflation, last week we were notified by our processing partner Stripe that, as per their global price update initiative, our underlying costs for card and ACH processing with them will go up.

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To ensure that Maroo can continue to deliver and increase value to your business, we had no other option but to update our processing fees as per the following:

• Debit/Credit cards - 3.5% (with the ability to pass on the processing fees to the client)
• ACH transfers - 1% capped at $25 (with the ability to pass on the processing fees to the client)

That means if the transaction amount is less than $2,500 the cost of transfer will be 1%. If the transaction amount is greater than $2,500 then the processing cost will be fixed at $25.

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As always, you have the full control around who pays the processing fees.

With the new pricing, we are happy to announce return of manual ACH payments where your clients are able to just type their bank account credentials and submit the payment.

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Same as before, Maroo will continue to offer our industry-leading features such as:

• Simple and industry-tailored invoicing
• Ability to pass on the processing fees (cards and ACH)
• Direct and branded payment links
• No daily or weekly processing limits
• Manual ACH entry for client payments
• Faster processing: 1-2 business days (Cards) and 4-5 business days (ACH)
• Bill Pay and contractor payments (1099s)
• International card support
• Accounting integrations (QuickBooks Online)
• Chargeback and dispute resolution support
• Customer Support: efficient and carrying about you and your business

Additionally, in the coming months we are releasing the following suite of long awaited features:

• Contracts
• Tips
• Late payment fees
• Apple Pay and Google Pay options
• Real-Time Payments
• Instant Payouts
• 1099s e-filing with IRS
• Multi-business access
• Multi-user access
• Customization and branding
• Maroo Rewards
• Improved dashboard and reporting capabilities
• Improved contact management
• Unpaid invoices reporting
• SMS reminders and notifications
• Maroo AI assistant

Maroo has always been purpose-built for wedding and event planning professionals. This pricing update ensures that we remain a champion for small and medium-sized businesses in our industry. With Maroo, you focus on what you do best – helping your clients create amazing and memorable events – while we take care of the rest.

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You are always welcome to reach out to me directly via email, chat with our team or leave feedback here.

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Thank you,

Alexey