There are different models for the financing of Open Access journals. They are either run by commercial publishers, scientific societies and research institutions.
Most Open Access journals carry out some form of quality review (peer review) of the submitted manuscripts, just like commercial publishers do. In DOAJ, Directory of Open Access Journals, a database created by Lund University, over 3,000 peer reviewed journals in more or less all scientific fields are listed.
Read about open access journals in the Publication Strategy guide:
Content updated 2017-10-19