How much does it cost to sell on Shopify? Running a store on Shopify involves incurring certain costs, which are not limited to just the subscription fee. The following article will outline what costs and how much a seller will have to pay when deciding to have a store on this platform.
How much does it cost to sell on Shopify? – index:
Subscription Plans
Transaction Commissions
Shopify Store Apps
Domain and email server
Paid templates
Shopify POS Pro
International sales
Subscription Plans
Shopify works on a subscription basis, so each merchant must opt for one of bahamas whatsapp number database available plans. They differ in price and available features:
Basic – $24/month – this package is ideal for stores that have a small assortment,
Shopify – $69/month – ideal for growing stores with a larger assortment,
Advanced – $299/month – recommended for large stores.
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Additionally, Shopify has prepared two more plans:
Shopify Lite – $9/month – People who sell just one or a few products (e.g. e-books) can use this plan to sell them as if they didn’t have a store. They then have access to a tool that generates a link (so-called “ buy buttons ”), which they can paste on any website. The customer, when pressing this button, is directed directly to the checkout.
Shopify Plus – the cost of such a package is negotiated individually, but usually starts at $2,000/month. This plan is chosen by very large companies, often operating in the global market, that need a lot of tools and features to support sales.
Transaction Commissions
Fees for credit card payments
Shopify allows you to accept payments with credit cards such as Visa and Mastercard. It charges a fee for this, which varies depending on the subscription plan you choose and whether the payment was made online or via Shopify POS. The merchant does not have to pay any fees to the payment providers. In the case of refunds, credit card payment fees are not refunded.
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Transaction fees
Transaction fees are charged for each transaction using a third-party payment provider. This is the cost of integrating Shopify with a third-party provider. The amount of such a fee depends on the plan selected. Merchants who use Shopify Payments or are their own payment provider are exempt from the transaction fee.
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Shopify Payments has its own payment provider, the Shopify Payments app. Businesses eligible to use it:
pay transaction fees only for credit card payments,
allow customers to enter payment information at the time of purchase, without having to leave the online store,
have access from the Shopify admin panel to set up Shopify Payments,
on the panel you have access to your payments in real time.
PayPal – Allows you to process payments via bank accounts, merchant credit (available in the US and UK only), credit cards, or PayPal account balances, and can also be used to pay Shopify bills (not applicable for the US and India). By default, every newly created store is given access to a PayPal Express Checkout account, but you’ll need to set it up before you can collect payments. Using PayPal will incur transaction fees unless the seller simultaneously activates Shopify Payments (in which case they won’t have to pay transaction fees) – the exceptions are stores based in Austria and Belgium.
How Much Does It Cost to Sell on Shopify? – 7 Types of Costs You Should Consider
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