tl;dr
Magic Loops run on credits… what are those?
Background
Earlier this year we moved from a credit-based pricing model to a run-based pricing model.
The idea was simple: let’s make running Loops as straightforward as possible.
Long story short, it backfired!
Power users felt limited by the number of runs per month. New users felt the system was too opaque and didn’t understand the pricing.
Back to the Credits
Thankfully, we never removed the credit tracking within Magic Loops, so switching back was easy.
We did change a few things though:
Fair Pricing
Every dollar is 1000 credits.
Previously, you would get X credits for Y dollars. This was confusing.
Now you get X * 1000 credits for X dollars. Simple.
Transparent Value
We charge 30% on top of the APIs and services we use.
Same as the App Store. That’s it.
Learn more about credits here.
Plans to the Future
We have 3 plan types:
- Free
- Paid
- Enterprise
(compare plans here)
Free as in 🍻
The free plan… is free.
You get 3000 credits per month ($3) to run whatever Loops you want.
Note: in the future we’ll likely increase the free tier value but also make your Loops public by default. Thanks for the idea v0.dev 😈
Paid as in 💸
We have 4 monthly tiers:
| Plan | Price/Month | Credits |
|---|---|---|
| Hobby | $9 | 9000 |
| Professional | $20 | 20k |
| Developer | $50 | 50k |
| Startup | $300 | 300k |
You can run as many Loops as you want as many times as you want. No limits other than credits.
Enterprise as in 🔐
Want to run Magic Loops internally? We got you.
- Desire total control?
- Need to run Magic Loops on-prem?
- Require SOC 2 compliance?
Contact us and we’ll get you set up with a custom plan that fits your usage.
Doesn’t it cost money to create Loops?
Yes, it costs us money ($$$) to create Loops on your behalf.
Why would you give that away for free?
We can’t, forever.
Magic Loops is beta software, and while we’re ironing out the kinks and making the product better, we don’t want to limit the creativity of our users.
Ok, but it also costs $$$ to run Loops, how can you have a free tier?
With the introduction of GPT-4o mini, using large language models within Loops is now cheaper than ever. We want to expose our (what we think is awesome, you tell us) software to the world, and continue to have our users surprise us with what they build.
At some point, we’ll need to lock all this down.
Until then, go build some Loops!