Published Date
September 25, 2024
Reading Time
7 min
Table of Contents
If you are planning on starting a Shopify store and have the following questions in mind:
How much does it cost to start a Shopify store?
How much is a Shopify website?
How much does Shopify take per sale?
How much does Shopify cost?
and
Does Shopify take a cut?
Then you are at the right place. Join us as we explore the inner workings of Shopify fees and uncover the factors that influence the costs of running your online store.
When it comes to Shopify fees, businesses should consider not only the cost of development but also the monthly subscription fees for using the Shopify platform. Shopify offers different pricing plans that vary in cost and features, so businesses should choose the plan that best suits their needs and budget.
Our Shopify website development service helps businesses build and customize their eCommerce stores using the Shopify platform. By partnering with our website marketing services, your business can leverage the benefits of the Shopify platform while creating a customized and branded online store that meets their unique business needs and attracts potential customers.
1. Shopify Fees Plans
When it comes to your Shopify monthly cost, the pricing plan you choose can make all the difference. Shopify offers three distinct pricing plans: Basic Shopify, Shopify, and Advanced Shopify, each with its own unique set of features. Unlike Square, there is no free pricing tier available on Shopify.
However, you can take advantage of a 14-day free trial before committing to any plan.
But how do you determine which plan is right for your business? Let’s take a closer look at each Shopify fees plan and its specific features.
2. Shopify Basic
For just $29 per month, Basic Shopify offers a cost-effective solution for small business owners seeking a branded ecommerce website and essential features to run their online store. With customizable online store options, 24/7 customer support, and support for multiple sales channels, you’ll have everything you need to succeed. Plus, enjoy unlimited product listings, abandoned cart recovery emails, discount codes, and manual order creation with a free SSL certificate.
While you won’t have access to performance reports on this plan, it offers ample room for growth, making it an ideal choice for new businesses on a tight budget. Managing multiple physical stores across different locations is also a breeze with Basic Shopify.
Keep in mind that transaction fees of 2.9% + $0.30 per online purchase and 2.7% per physical purchase apply to this plan. If you use a payment gateway other than Shopify Payments, a 2% Shopify transaction fee will be charged on every transaction. But with the affordability and versatility of Basic Shopify, you’ll be well on your way to ecommerce success.
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3. Shopify
The standard Shopify fees plan is suitable for businesses with more robust needs. This plan incorporates all the features of the Basic Shopify Plan plus more.
The number of staff logins is increased to five from the two you get on the Basic Shopify plan. On this plan, you can also assign inventory to five different warehouses or retail stores. On top of that, you can also track your sales performance and your visitors’ buying behavior with ease, hence allowing you to make informed decisions.
Other additional features on this plan include support for payment with gift cards, Shopify POS, and an abandoned cart recovery feature. The abandoned cart recovery feature is one of the most coveted features that make many Shopify store owners opt for the standard Shopify plan. This is because it effectively increases sales and conversions from customers that you would otherwise have lost forever.
The abandoned cart recovery email feature allows you to follow up on customers that have shown interest in making a purchase by adding products to their cart but failing to complete their checkout. With this feature, you can prompt them to complete their purchases using automated emails.
This plan requires a fee of 2.5% + $0.30 on every transaction as credit card fees Shopify. There’s also a 2% fee payable on all in-person cards as Shopify transactions fee. If you opt for another payment method apart from Shopify Payment, you’ll be charged a fee of 1% of every transaction.
The standard Shopify plan is the perfect solution for growing businesses looking to scale their operations quickly.
4. Advanced Shopify
Priced at $299 as Shopify monthly cost, the Advanced Shopify plan is designed for enterprise ecommerce businesses with extensive inventories. It encompasses all the features present in the Basic and Shopify plans, along with minimal transaction fees and exceptional shipping features like third-party calculated rates and more advanced reporting than the lower-tier Shopify fees plans.
The third-party calculated shipping rate feature enables the integration of third-party shipping providers, which can calculate shipping costs for each customer’s goods at checkout. Customers can then choose their preferred shipping rates and take advantage of the best Shopify shipping discounts.
The more advanced report builder feature provides a comprehensive overview of your business’s performance, enabling the adjustment of default reports and the creation of custom reports.
Advanced Shopify offers unlimited storage, product listings, and posting of product videos and images, among other features, with no restrictions, making it a superior plan to others.
This plan also includes abandoned cart recovery emails, allows up to 15 staff accounts, and the assignment of inventory to as many as eight warehouse locations or retail stores.
While it may appear expensive, most of the cost can be easily recouped as you utilize advanced features and enjoy reduced charges. Shopify transaction fees are as low as 2.4% + $0.30 for in-person and debit card transactions and only 0.5% when using third-party payment service providers, unlike the 1% fee for lower-tier plans.
Advanced Shopify is an excellent choice for large enterprises looking to improve order fulfillment and store management, particularly those generating over $10,000 in monthly revenue.
5. Conclusion
Ecommerce marketing is a crucial service for businesses that want to maximize their ROI on the Shopify platform. With the right eCommerce marketing strategy, businesses can drive traffic to their Shopify store, convert visitors into customers, and increase sales. We specialize in developing eCommerce marketing strategies that leverage the latest marketing techniques to help our clients achieve their business goals.
Shopify offers a range of pricing plans to cater to the needs of different businesses. The Basic Shopify plan is ideal for new ecommerce businesses on a tight budget, while the Shopify plan suits businesses with more robust needs.
The Advanced Shopify plan is best for enterprise-level businesses with a large inventory. While the cost of running a Shopify store varies depending on the plan you choose, it is important to consider the features and benefits that come with each plan to make an informed decision.
There is also a, which varies depending on the plan and the payment gateway used. Overall, Shopify is an excellent platform for businesses of all sizes looking to establish or expand their online presence.
Frequently Asked Questions (FAQs)
Shopify offers several pricing plans that cater to businesses of different sizes and needs. The basic Shopify plan starts at $29 per month, the standard Shopify plan is $79 per month, and the Advanced Shopify plan is $299 per month. There are also additional transaction fees for online credit card transactions, in-person card transactions, and using payment gateways other than Shopify Payments. Additionally, Shopify offers a 14-day free trial for new users to test out the platform before committing to a pricing plan.
Shopify transaction fees vary depending on the pricing plan you’re on and the payment gateway you use. For example, if you use Shopify Payments, the transaction fees range from 2.4% + 30¢ per transaction to 2.9% + 30¢ per transaction, depending on the plan. If you use a third-party payment gateway, you’ll pay an additional transaction fee ranging from 0.5% to 2% on top of Shopify’s fees. However, keep in mind that Shopify doesn’t charge any transaction fees if you use their own payment gateway, Shopify Payments.
Yes, there is a Shopify transaction fee on each sale made through their platform. The transaction fee varies depending on the pricing plan you are on and the payment gateway used. The fees range from 2.9% + 30 cents per transaction to 2.4% + 30 cents per transaction, depending on the plan you are on and the payment gateway you use. However, if you use Shopify Payments as your payment gateway, the transaction fees are lower compared to other payment gateways. Additionally, there may be other fees associated with running a Shopify store, such as app fees and credit card processing fees
The cost of starting a Shopify store depends on several factors, such as the plan you choose, any additional apps or features you may need, and any other expenses related to running an online business.