Shopify is a popular e-commerce platform that enables businesses to create and manage their online stores.
One important factor to consider when using Shopify is the transaction fees charged for every sale made through the platform.
In this article, we will discuss how much Shopify takes per sale and the different factors that affect these fees.
Understanding Transaction Fees
Transaction fees are the fees charged by Shopify for each sale made through their platform. These fees are in addition to the monthly subscription fee and vary depending on the Shopify plan you are using.
Shopify offers four different pricing plans, namely Shopify Lite, Basic Shopify, Shopify, and Advanced Shopify, each with different transaction fees.
Transaction Fees for Shopify Plans
Shopify Lite is the most basic plan and is priced at $9 per month. It charges a transaction fee of 2.9% + 30¢ for every sale made through its platform.
Basic Shopify, which costs $29 per month, charges a lower transaction fee of 2.9% + 30¢.
Shopify, the most popular plan, charges a transaction fee of 2.6% + 30¢ per sale. This plan is priced at $79 per month.
Advanced Shopify, the most expensive plan, charges the lowest transaction fee of 2.4% + 30¢ per sale. This plan costs $299 per month.
It’s worth noting that if you use Shopify Payments to process transactions, you won’t be charged any transaction fees beyond the payment processing fee. However, if you use a third-party payment gateway, you will still need to pay the transaction fee.
Factors Affecting Transaction Fees
The amount of the transaction fee charged by Shopify is affected by several factors, including the payment method used, the country in which the transaction occurs, and the currency used for the transaction.
For example, if the transaction takes place in a country where Shopify Payments is not supported, you’ll have to use a third-party payment gateway, which may incur additional transaction fees. Similarly, if you sell products in a currency other than your local currency, you may be subject to foreign exchange fees.
Conclusion
In conclusion, Shopify charges a transaction fee for each sale made through its platform, in addition to the monthly subscription fee. The transaction fee varies depending on the Shopify plan used and ranges from 2.9% + 30¢ to 2.4% + 30¢.
Using Shopify Payments can help you avoid additional transaction fees charged by third-party payment gateways.
It’s important to consider these fees when choosing a Shopify plan and pricing your products to ensure that your business remains profitable.
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