Shopify is the best ecommerce platform to quickly get a store online. However, a common question that companies face when they start building stores is Shopify. What Shopify pricing plan would be best for me?
Shopify Lite is a Shopify Lite plan. Shopify Lite is Basic Shopify, Shopify, Shopify, and Advanced Shopify are the options. It can be difficult to choose the right one, as you don’t want to spend unnecessary money on features that you don’t need.
Continue reading to find out the true cost of Shopify. Also, see our recommendations below for Shopify pricing plans.
Shopify Pricing: Cancellations, Domains, Hosting
Shopify offers domains at a very affordable $9 per year. However, I recommend that you also check out NameCheap and GoDaddy to see if there are any other pricing options.
An update! Merchants won’t need to access OpenSRS in order to modify any domain purchased from Shopify. Instead, they can access the Domain section to view all of the information. Now merchants can access their admin panel to do so.
- Change their A, CNAME and MX records.
- More efficiently set up their Zoho or G Suite email accounts
- Add subdomains
- You can enable or disable auto renewal.
Shopify offers monthly and annual payment options. Although you can downgrade or upgrade your account at no cost, I recommend that you start with the monthly plans. You don’t have to stay on a Shopify plan for a year if you change your mind or stop using Shopify. If you have an existing ecommerce company and are just moving to Shopify or if your first year with Shopify was successful, the yearly plan may be more suitable. In the event that something unexpected happens, inventors and startups should consider the monthly plan.
The plan can be cancelled at any time without any fees. However, the yearly payment cannot be refunded. This is another reason why you should stick with a monthly plan. Let’s now take a look at four Shopify pricing options to find the one that suits you best. You will find the Shopify Lite Plan on the Shopify pricing page.
What does Shopify cost?
We need to be clear about Shopify’s pricing options and the price options. Apart from the free trial, there are 3 plans offered by Shopify.
Shopify offers three pricing options:
- Basic Shopify is $29/month, and it’s the most affordable option. This package includes everything you need to launch an online business. It also comes with 2 staff accounts, 24/7 support and unlimited products. It also includes a discount code, manual order creation, abandoned cart recovery, and SSL certificate.
- Shopify – This is the most basic, but slightly more expensive option. Shopify is the standard pricing plan. costs $79 per monthly. This plan includes everything in your Basic Shopify package, including gift cards, professional reports, and 5 staff accounts.
- Advanced shopify is 299 per month, which is the most expensive on the market. The Advanced Shopify plan includes 15 staff accounts and all the benefits of the Shopify package. Access to third-party shipping rates and an advanced report maker will be available.
Shopify offers different Shopify payments terms with each plan. Your online and credit card rates, for example, are:
- Basic Shopify Plan: 2.2% plus 30 cents
- Shopify: 2.6% plus 30 cents
- Advanced Shopify Plan: 2.4% plus 30 cents
The rates for in-person credit cards are:
- Basic Shopify plan: 2.7%
- Shopify Plans: 2.4%
- Advanced Shopify Program: 2.4%
Additional fees for all payment providers other than Shopify payments include 2% Shopify Basic, Shopify Basic and Shopify Advanced Shopify.
Shopify Basic also includes the Shopify POS app, Third-party POS apps and the Shopify Basic pricing plan. Shopify and Advanced Shopify pricing plans include hardware support, register shifts and staff POS pins.
Shopify Lite Plan
The Shopify Lite plan costs $9 per month. It gives you the tools to sell on Facebook, accept credit card payments, and use Buy buttons. Although it’s not an online shop with a shopping cart and all the features you need, it works well for small businesses. It’s also great if you want to add a few Buy buttons to an existing website such as for your blog or podcast.
The Facebook Messenger app is a new addition to Shopify Lite. It allows you chat with customers via the Facebook Messenger. This app is great for customer support.
Who is the Shopify Pricing plan most suitable for?
Shopify Lite is not a standalone product. You need to purchase a hosting plan to use Shopify Lite . The intent of Shopify Lite to add ecommerce functionality to something you already own such as a blog or information website. You will need a fully-functioning website with hosting, domain, and all the necessary components. Shopify Lite could be installed on a WordPress website.
The Basic Shopify Plan
The Basic Shopify plan takes it to the next level. You get a discount code engine and fraud analysis tools, as well as the ability to upload unlimited products to your Shopify store. Shopify gives you a fully functioning website and blog. Shopify will manage all your orders and products, so you don’t need another website.
Other perks include a free SSL certificate and manual order creation. Shipping labels are also available. Unlimited file storage is also included. Support is available 24/7.
The Basic plan pricing structure is $29/month + 2.9% and $30C/per transaction. This is a little more than the Lite Plan but allows you to expand your Shopify store by adding tons of products.
Who is the Shopify Pricing plan most suitable for?
This plan is for you if you are looking for a functional and beautiful online store but don’t want the extra features of the Shopify plans. If you don’t have a website you can pair it with the Lite plan, this is the plan to choose.
Shopify Plan
The most popular Shopify solution, is $79 per month + 2.6%, 30C/ per transaction. This is quite a jump from the Basic Shopify plan, but you still get all the features Shopify offers.
You can create unlimited products and get all the benefits of the Basic Shopify Plan . You also get Shopify PO, gift certificates, professional reports, and abandoned cart recovery. The abandoned cart tool is why people choose the Shopify Plan. It’s one the best ways to get contact information from customers who haven’t completed their orders.
This indicates that they are interested in the product. You can then contact them to make a purchase. The best part about the abandoned cart tool is that it sends automated emails to you based on your preferences. You can send a reminder or promo message to a user who abandons their cart in your shop within six hours.
This is an important feature, as 67.89% shoppers abandon their shopping carts. However, abandoners spend 55% more when they’re marketed to. It is crucial to reach out to these customers to find out why they are leaving so early.
Who is the Shopify Pricing plan most suitable for?
Shopify Plan is a great option for companies looking to scale up quickly. The unlimited products and unlimited storage make it easy to fit all your items into the site. The Shopify Plan is recommended if your site generates more than $5,000 per monthly. This plan reduces transaction fees due to external payment gateways. The coveted abandoned cart recovery tool is also available, which can be used to increase sales without any effort on your part.
The Advanced Shopify Plan
The Advanced Shopify plan is $299 per month + 2.4%, 30C/ per transaction. This gives you all of the features from previous plans as well as an advanced report builder. Third-party calculated shipping rates are also available. You can upload unlimited products and transaction percentage fees are reduced when you use external payment gateways.
The best thing about the Advanced Shopify pricing plan? Everything is unlimited so you have endless storage. You can upload as many products and videos as you like, as well as post images and videos as necessary to bring in the traffic that you need. The Advanced package also includes abandoned cart recovery, which will allow you to reach the sales figures that justify the higher plan pricing.
You can manage all customers who have abandoned their carts before they leave. This allows you to check if an email was sent and determine the reason for their early departures.
Who is the Shopify Pricing plan most suitable for?
Companies that prefer to have their shipping handled by third parties can use the Advanced Shopify Plan. This plan is also great for companies with high revenue who need advanced reports that allow them to test and project. Shopify’s reduced transaction fees and higher shipping discounts make it a great option for companies that bring in more than $10,000 per year.
Shopify Plus Pricing
Shopify Plus allows you to use the enterprise level system to manage your order management and marketing. You don’t pay any transaction fees and your site is fully hosted. You can store more data than you need in the 200 TB storage.
Price. To receive a quote from Shopify , you must call. It will cost approximately $2000 per month.
Who is this Shopify Plan best for?
DodoCase and the Los Angeles Lakers are large companies. Although this doesn’t mean that smaller businesses are not eligible, if your team is large and you don’t want too much time managing orders, this is the best way to automate it. You can read more Shopify Plus Reviews.
Shopify Pricing: Monthly, Annual, and Biannual Costs
If you purchase an annual plan, there is a slight discount for all Shopify plans. If you pay up front for your annual plan, you will receive a 10% discount on all monthly prices. Your biennial plans will get a 20% discount.
Detailed explanation of transaction fees and credit card rates
You don’t need to worry about processing fees if you use the Shopify payments processor. If you use Authorize.net or PayPal, however, you will be charged 3% + $30C/ for each transaction. Shopify also charges a percentage of your turnover. This ranges from 0.5% up to 2%.
The most frustrating parts of implementing any sales channel or point-of-sale solution into an ecommerce store are transaction fees and credit card rate. All store owners should be able take large volume sales and increase their monthly revenue without paying a dime. All checkout tools and online ecommerce platforms will charge you at most a transaction fee and credit card payment.
Your specific plan will determine the amount you pay for transaction fees and other Shopify costs. Take, for example:
Shopify Basic: Shopify’s basic solution to your online business comes at $29 per month. The Basic plan has a transaction fee that is 2.9% plus 30c per purchase. This is Shopify’s highest priced plan.
Shopify: Shopify’s annual plan for $79 per monthly comes with slightly different credit cards rates. This plan requires you to pay 2.6% plus 30c for each transaction in order to take out credit card payments.
Advanced Shopify: The monthly Shopify fees for the Advanced package are among the most expensive, but the transaction rates are among the lowest. Shopify Advanced plan transaction fees will be approximately 2.4% plus 30c per transaction.
The bottom line is that the more you pay for the Shopify app, point of sale software, the less you will need to pay for transactions. If you are concerned about shipping costs and credit card rates for large orders on your online store then you might consider upgrading to Advanced Shopify for payment processing.
The Advanced Shopify plan comes with additional features, such as most customization options for sales channels, high-volume sales support, social media integrations and advanced reporting for monthly revenues.
Shopify: What else can you spend money on?
Apps come in many sizes and shapes. All are available in the Shopify app store. Many of the apps can help you with everything, from automated receipts to email marketing, and they are often free.
Some Shopify apps, however, require payment. S loyalty costs $19.99 to $119.19 each month , depending on the plan.
As a general rule of thumb, avoid paid apps whenever possible. You will most likely find a good solution that doesn’t require payment. Sometimes, however, you may stumble across a paid app that is too good to miss. Keep paid apps to a minimum, and choose only those that are going to pay off quickly.
Additional Shopify Costs
You should also consider additional costs beyond the Shopify plan you have, if your Shopify experience needs more functionality.
Take, for example:
- Shopify app store cost: Shopify’s third-party app providers charge a small fee to allow you to add functionality to your ecommerce shop. You may have to pay extra for plugins or apps that allow you to sign customers up for memberships, dropshipping, and Google analytics.
- Domain name – Another cost to consider when using Shopify allows you to register your domain name for $14 per year. You can also purchase your domain name from another source and then migrate it to Shopify.
- Email hosting Shopify does not offer email hosting, however you can setup email forwarding via third-party hosting services to your Shopify domain. You will usually need to pay for the email hosting service as part your website hosting package.
Shopify Transaction Fees Can You Avoid?
While the fees for Shopify transactions may not seem that high when you consider how much your small business receives in return, many businesses are unhappy paying them. Let’s look at the process to understand why transaction fees are necessary.
A transaction fee is charged to customers who purchase products from your Shopify PO. The Shopify plan you choose will determine the transaction fee. This may seem unfair, but it requires Shopify power and bandwidth to manage things such as file storage and checkout. Shopify charges for the maintenance of your business, even if you have thousands of people visiting your site simultaneously.
Although it is easy to believe that your Shopify monthly plan will cover the cost of this purchase, the reality is that you are actually paying for the software and sales tools. The monthly fee covers unlimited product support, excellent support, and hosting for store owners.
If you think transaction fees are unfair, take into account the fact that many other companies also charge these fees. Take, for example:
BigCommerce does not charge any commission for each sale you make. If you make more sales than you normally do in a given month, BigCommerce will automatically upgrade you to a higher plan and you will be required to pay more. Shopify does not do this.
Wix doesn’t charge any transaction fees. However, if you wish to sell products via Wix, you will need to be on the VIP plan. This means you will pay slightly more each month for your service. You also have to pay a percentage of each transaction that is made to a payment gateway provider.
Volusion restricts the bandwidth you have each month. This will limit the number of people who can access your store. Shopify, however, does not place a limit on bandwidth. Volusion doesn’t charge transaction fees, but you won’t always have the same sales opportunities.
You can refuse to pay the Shopify transaction fee. Shopify will then remove all fees. Shopify payments allows you to receive payments from clients and transfer it into your bank account. Shopify will charge transaction fees if you use this application. Instead of paying transaction fees and any credit card fees you pay only the credit card fee.
Shopify payments can save you money when used correctly. Shopify’s credit card rates are typically lower than those charged by PayPal. This allows you to keep your costs low.
Shopify Payments: Is it a good idea?
Shopify is an excellent choice if you are looking to improve your sales strategy beyond selling products on Amazon or eBay. Shopify comes with its own app store and a variety of Shopify apps that allow you to customize each transaction. Shopify is also one of the most reliable and secure solutions on the market today.
You will only be able to use Shopify for a short time so you need to understand the costs before you can run your business completely through this platform. Shopify Payments is a great way to avoid transaction fees. Shopify Payments will save you more money than other ecommerce site builders.
Shopify offers unlimited bandwidth which allows you to grow your business in a flexible way . You can use their service for as long or as you wish. Shopify Payments allows you to avoid transaction fees entirely. Shopify claims that Shopify Payments is used by around 85% of its users when it’s available.
Shopify POS Pricing
Shopify Point of Sale is a great option if you want to grow your Shopify business. Shopify POS is the ideal solution for offline sellers looking to build a brand as an online retailer.
To make it easy to sell offline and online, the ShopifyPOS integrates with your eCommerce system. Shopify POS is extremely accessible for business owners today. All Shopify Plans include the Liteversion.
You will have Shopify POS Lite access, no matter which Shopify package you choose. This includes access to hardware and mobile accessories. Shopify POS Lite allows you to use Shopify customer profiles for managing your sales and order and product management tools. You can also get in-person credit cards rates starting at 1.5% plus 0.
Shopify POS Pro is a great option for brick and mortar sales that are at a higher level. This solution is available for free until October 31, 2020. After that, however, you will have to pay for it. Shopify POS Pro will be an additional cost to your Shopify account. Shopify charges you the same price as for your package and $89 per month to each location that you need.
Shopify POS Pro comes with all the features of Shopify POS Lite and additional features such as:
- Unlimited registers
- Unlimitted number of employees in stores
- Intelligent inventory management
- Support for staff roles, permissions
- Analytics and reporting in-store
- Omnichannel selling features
How do you choose the best Shopify plan for your business?
Shopify plans look a lot like storefronts. There are many sizes available. You need to know what package you want before you shop online.
Sometimes this means thinking about the products you want to sell, and how many customers you are working with.
Basic Shopify
Basic is the most affordable entry-level solution available for those who are looking to start small. Shopify’s basic version allows you to support unlimited products. You will need flexibility if you have a large product range.
Shopify Basic doesn’t limit the file storage nor selling options. This makes Shopify Basic more attractive than Shopify Lite, for those with a growing online presence. Shopify Basic also includes abandoned cart recovery tools and telephone support. Access to professional analytics and gift cards is not available.
Shopify
This plan is for those who want to grow their website and offline presence. The price difference between Shopify and Basic is significant, but it’s worth the extra expense if you want to grow your business.
The Shopify Plan includes everything you need to make a sale in today’s digital marketplace. You get professional reports and a 0.3% lower rate for credit card transactions than Basic. Analytics help you to identify the areas where you should focus your efforts to increase revenue. This package also allows you to access gift cards. This package makes it easy to build relationships with customers and keeps them coming back for more.
Advanced Shopify
Advanced Shopify plan is the most expensive. This plan offers the lowest credit card payment and better shipping conditions to the US. This plan is ideal for anyone looking to quickly accelerate their sales strategies. This plan is for you if you require real-time carrier shipping in order to strengthen your relationships with customers.
Advanced Shopify offers powerful analytics and reporting that allow companies to tailor their reports to meet their specific needs.
Shopify Plus
This enterprise solution is for larger businesses that need to grow at an amazing pace. Shopify Plus is not required by most start-up businesses. It’s only recommended for companies with a large monthly revenue. You should be prepared to spend a lot on Shopify Plus as the pricing differences between Advanced Shopify vs Shopify are huge.
Shopify Plus ensures that all teams have the tools they need to succeed. A dedicated support team will be available to assist you in generating an exciting new launch opportunity. Your developers have more access to Shopify’s APIs and cart scripting, as well as customization options. This allows you to make your store stand out.
Shopify Lite
We believe that this is not enough to support many growing businesses. Shopify Lite is a great way to get started in digital sales, even if your budget is tight. Shopify Lite allows you to sell only on your existing website, or via social media.
Shopify Lite includes a Facebook Messenger App that allows you to communicate better with customers and respond to their needs. Shopify Lite can only be used by companies that already have a social media presence or a website.
When choosing your best Shopify Plan, think about what you are trying to achieve right now and what you want to do in future.
- What number of products must I sell?
- What type of products are I selling? (digital or physical)
- What size is my team? Do I need Shopify access to staff members?
- How many customers can I have?
- What amount of revenue do I generate each month?
- What amount can I spend on transaction fees?
- What is the importance of analytics and other features?
A majority of smaller businesses will begin with Shopify via either Shopify Basic or the Lite package. As your business grows, you will likely need to upgrade to more features. You don’t have to be afraid to upgrade your package if you feel the need.
