When it comes to Shopify’s pricing model, it is important to understand the differences between transaction fees and credit card processing fees. Shopify charges credit card fees and allows you to accept major credit cards like Visa and Mastercard as payment for your online shop.
Shopify charges transaction fees when you use third-party payment providers to receive payments. This covers the cost to integrate Shopify with your chosen provider. Shopify Payments, Shopify’s payment processor is not included in any of the plans.
Online purchases are subject to credit card fees. Credit card fees will be 2.7% if the transaction was made with a Shopify POS reader or a mobile device application. You will be charged a transaction fee of 2% for every sale if you use a third party payment gateway.
Shopify Pricing Plans and Fees
You’ll want to look at the available price plans if you have decided Shopify is the right platform for your business. Eastside Co believes Shopify is the best platform for growing your ecommerce company. We have created the ultimate guide to help you choose the right Shopify price plan. This information is applicable to Shopify UK pricing, as well as international.
Shopify fees have a tiered pricing structure that allows merchants to choose the most suitable for their business. Shopify Plus is the next price tier. This allows businesses to grow and can easily switch from Shopify Lite to Shopify Plus.
You may wonder which Shopify pricing plan is right for your business, whether you are a startup or a business that has experienced significant growth. How much does Shopify cost? Continue reading to learn more about each plan and our recommendations.
How much is Shopify per month?
How much does Shopify cost per month? Below is a breakdown of the costs for each Shopify pricing plan.
(If you are interested in UK Shopify pricing, monthly subscription fees will be billed in US Dollars, and credit card fees will be billed in the currency of your choice.
Shopify takes a cut for its platform use, so if you are wondering, the answer is yes. We will explain.
- Subscription fee: $9/month
- Subscription fee: $29/month
- Online credit card rate: 2.2% + 20p
- In person credit card rate: 1.7% + 0p
- Additional fees for payment providers other than Shopify Payments are 2.0%
- Subscription fee: $79/month
- Online credit card rate: 1.9% + 20p
- In person credit card rate: 1.6% + 0p
- Additional fees for payment providers other than Shopify Payments
- Subscription fee: $299/month
- Online credit card rate: 1.6% + 20p
- In person credit card rate: 1.5% + 0p
- Additional fees for payment providers other than Shopify Payments are 0.5%
- Subscription fees: Prices available on request, starting at $2,000/month
What does each Shopify pricing plan include?
1. What is included in the Shopify Lite pricing plan?
Shopify Lite, the starter Shopify package, has the lowest Shopify rates. This package is ideal for small businesses that want Shopify functionality on social media accounts or to add “buy” buttons to existing websites or blogs, such as your WordPress site. Shopify Lite also includes Facebook Messenger, which provides customer support.
The Lite plan adds functionality to your blog or site, rather than a Shopify store.
What is the cost of Shopify Lite?
$9 per month (approximately PS7)
2. What’s included in the Basic Shopify Pricing Plan?
“All the basics to start a new business” Shopify Basic is the minimum price plan you will need to create your own ecommerce store. Shopify will host your blog and store. You can sell unlimited products and Shopify will provide fraud analysis tools, discount codes, a complimentary SSL certificate , 24/7 support, and an free SSL certificate .
What does Basic Shopify cost you?
$29 per month (approximately PS24).
Shopify also receives 2.2% and 20p for each online sale.
eBay charges a 10% surcharge on the total amount paid. This includes shipping. Paypal charges 3.4% plus 20p. Amazon charges a minimum 7% and maximum 45%, depending on the item. Shopify charges some of the lowest fees, so you have full control over your profits.
This plan is ideal for merchants who are looking to create a beautiful online store but don’t want the Shopify Plan.
3. What’s included in the Shopify Pricing Plan?
The most popular Shopify price plan. This plan includes 24/7 support, Shopify’s fraud risk tool, discount code, and your complimentary SSL certificate. What makes it different is the ability to recover an abandoned shopping cart. It is possible to capture the contact information of those who expressed interest in your products, but did not buy. You can then follow up later with an email with a discount code or reminder to close the sale.
Based on the product prices, one to two sales will be recovered that way and it will make up the difference between Shopify Basic and Shopify Shopify.
What is the Shopify plan price?
$79 per month (approximately PS65).
Shopify also receives 1.9% and 20p for each online sale.
Although this may seem like a big leap from the Basic Shopify plan it is actually very effective and valuable. Shopify and Baymard Institute have found that 69.89% online transactions end in abandoned shopping cart. A shopping cart recovery program is a great way to convert potential customers. This plan is worth looking into if your store makes more than $5,000 per month.
4. What’s included in the Shopify Advanced Pricing Plan?
“Advanced features to scale your business” The Shopify Advanced plan is an upgraded version of the Shopify core plan. These add-ons include 15 staff accounts and third-party shipping calculation. This option is available to businesses that ship enough products for it to make sense to outsource shipping. Advanced reporting is also available. This is useful for stores that sell many products and need to generate data specific for certain types or collections.
What is the Shopify Advanced plan price?
$299 per month (approximately PS245)
Shopify also receives 1.6% and 20p for each online sale.
You get a lot for your investment. This option is best for established businesses who have already achieved some ecommerce success and are looking to expand. This is an excellent option for companies selling large quantities and who need to have product shipping handled by a third party. If you meet these criteria and have more than $10,000 in monthly inbound revenue, we recommend this option.
5. Shopify Plus Pricing?
‘Enterprise grade solutions for large merchants and large businesses.’ The Plus solution doesn’t charge transaction fees. Shopify Plus pricing plans don’t have a set price like the other tiers. Each case is scoped and quoted at a different rate. Shopify Plus pricing starts around $2,000 per month (approximately P1,640). Eastside Co is one of the original Shopify Plus Partners and has the expertise to help merchants create Shopify Plus stores that are beautiful and maximize conversions.
Additional Considerations when choosing your Shopify plan
When should you switch between Shopify plans?
We recommend starting with the basic Shopify price plan if you’re just starting out your business. You can move up to the more advanced plans as your business grows. Shopify is a great option for store owners who want to make the switch to Shopify as it is less expensive and has more features.
Which Shopify plan is best for you?
The Basic Plan is recommended for those earning more than $5,000 per month. Shopify Plan should be upgraded if you earn more than $5,000 per month. Upgrade to the Advanced Plan if you earn more than $10,000
Choosing a payment gateway
Another thing to consider is what payment gateway your store will use. Shopify offers Shopify Payments, which helps keep costs low for store owners.
You will be charged additional fees if you use an external gateway to process credit cards.
Shopify Payments can be enabled for both your credit cards and PayPal express simultaneously. Shopify will not charge additional transaction fees if this is the case.
Here is a breakdown of third-party charges:
Paypal 3.4% + 20p
Worldpay + 2.75% + 20p
Sagepay There are three pricing plans available: PS19.95/month up to 350 transactions; PS45/month up to 500 transactions and a bespoke pricing option for larger companies.
The platform offers a lot of functionality, as you can see by the Shopify price plans. The global network of app developers as well as Shopify agencies has created a vibrant apps ecosystem. You can find hundreds of paid and free apps that will enhance your Shopify store. Eastside Co has created a variety of apps for this purpose. Consider the many apps that are available to your store as part of its running costs. Some are free while others are paid for.
Ecommerce is the fastest-growing method of generating profits for businesses. Ecommerce allows consumers to pay online with their credit cards. It also makes it easy for businesses to process these payments if they have a reliable provider. Ecommerce credit card processing involves combining different channels, such as banks and gateways. Accepting credit payments online is possible because of five key factors.
First, a merchant account must be obtained from a bank. A clearing house is also designated by the bank to process each transaction. The clearing house and the bank communicate through gateways. Businesses have the option of choosing brokers, but they can also play an important role in the process. To ensure security, all parties must be protected. Ecommerce transactions can prove to be very helpful in expanding web-based businesses.
Credit Card Merchant Accounts are Essential for Electronic Transactions
The merchant account can be provided by a bank or a third-party provider. Both require that an application be completed in order to qualify. If a business is too risky, a typical financial institution might not accept it. Fees may also be higher than those charged by third parties. Before making a decision about any account provider, it is wise to investigate all options.
If a local institution refuses to accept your application, it might be necessary for you to contact a broker. A broker charges a fee to provide account services. It is important that you verify their reliability as some brokers can be unreliable. A broker’s main task is to locate a bank that can set up an account and to provide all items necessary for processing.
A clearing house can be hired to process online customer transactions after the credit card merchant account is created. Clearing houses verify card information and funds. Although they are not paid directly by businesses, clearing houses are an essential component of the overall process. The clearing house sends the transaction through the gateway. This can be either a card swiper, software or a website. Although swiping machines are quite common, businesses may not be familiar with the two other gateway forms. In settings that accept payments by phone, mail, and online, desktop software is used. These processing scenarios do not require that the card be physically handled by businesses. A merchant will instead enter the payments manually into the software if necessary.
A list of all transactions is sent to the clearing house. The clearing house receives two lists containing both good and poor transactions. While the customer is still paying, real-time gateway websites check the card. This setup can only be used by an Internet Service Provider if you have a special setup. To verify the information in real-time, it is sent to another website. This type of gateway is supported by standard HTML, but not all shopping cart software. When choosing an ecommerce gateway provider, a business should be extremely specific.