Are you planning on starting a business using Shopify? If you are, you might have a very important question that you need answered: does Shopify take a percentage of sales?
The answer to this question could make or break your decision to go ahead. More than that, you’re going to want to know all the juicy details – and I can help you!
Before you jump into the deep end, knowing exactly what to expect goes a long way to being successful. If you know what to expect from an ecommerce content management system, nothing will take you by surprise.
When that happens, you will always know exactly how things should look, and when you need to change things up.
To learn more about Shopify’s rules and regulations regarding sales, keep reading! I’m going to talk you through everything you need to know.
Does Shopify Take A Percentage Of Sales?
Yes, a percentage of sales is taken by Shopify for every product you sell. That shouldn’t be something that puts you off, though!
This platform offers different tiers for merchants to use. It’s these tiers that actually determine the percentage that you pay.
How Does it Get Worked Out?
There are three plans available for merchants to choose from: basic, Shopify, and advanced. Each of these plans offers something a little different to users, granting them flexibility in spending and tools.
Not only that, but if you decide to upgrade your plan, the process is easy and straightforward. There’s even a Shopify Lite option that allows users to have basic features and use the payment gateway. We will cover this later on, too.
It’s important to note straight off the bat that the highest plan (advanced) has the smallest charges. While this isn’t a massive difference compared to the other two plans, in a business, it can be a big deal.
I would also like to note that you can avoid other additional fees by using Shopify Payments when you are paying for these plans. Any other payment option will incur additional fees.
The Plans
Although Shopify is not the cheapest or most affordable eCommerce builder available, it does offer a lot. It is the most trusted option, and used by over 17 million people around the world. This platform even has close to 20% of the market share, so the evidence really speaks for itself.
With the incredible dedication and hard work that gets put into this platform, it comes as no surprise that it is constantly improving. Thanks to that, this platform’s revenue has just about doubled since 2013, so you know it isn’t going anywhere.
Basic Plan
This is the most common plan that merchants use. It is also the plan that takes the highest percentage. In this plan, the basics are covered and allows merchants to begin their journey to being a successful business.
Monthly price: $29
Online transaction fee: 2.9% plus $0.30 USD
In-person transaction fee: 2.7% plus $0.00 USD
Additional fees: 2.0% when using anything other than Shopify Payments
Shopify Plan
This plan is a great middle ground. Here, you have access to additional tools and features that are useful for a growing business. With this plan, the fees are lowered by 0.3% for online transaction fees and 0.2% for in person transactions.
This plan also allows you to customize reports and have more admin accounts to keep things running smoothly. Abandoned carts can be recovered, and Shopify Plan gift cards can be used.
Monthly price: $79
Online transaction fee: 2.6% plus $0.30
In-person transaction fee: 2.5% plus $0.00 USD
Additional fees: 1.0% when using anything other than Shopify Payments
Advanced Plan
The advanced plan offers lots of useful tools for merchants to use and is the most expensive. Here, you can enjoy lower transaction fees for both in person and online purchases, fast shipping, and advanced reporting features.
This plan is the perfect option for businesses that are already very successful, and want to approach enterprise level.
Monthly price: $299
Online transaction fee: 2.4% plus $0.30
In-person transaction fee: 2.4% plus $0.00 USD
Additional fees: 0.5% when using anything other than Shopify Payments
Shopify Lite
Shopify Lite is the most affordable option, but is very restrictive. This plan allows you to set up an ecommerce store at a great low price. On this plan, there are no transaction fees or sales that Shopify takes. Shopify Lite allows you to add a “buy” button to blogs and pages that already exist, allowing you to start selling products via the Shopify point of sale system.
Monthly price: $9
Online transaction fee: none
In-person transaction fee: N/A
Additional fees: N/A
Shopify Plus
Shopify Plus offers great flexibility in all areas of your account, and lets you set up shop in 20 locations. This is the best option for enterprise-level businesses who want to step it up.
Monthly price: $2,000
Online transaction fee: custom
In-person transaction fee: N/A
Additional fees: N/A
Final Thoughts
To round up, Shopify charges a transaction fee of 2.9% plus $0.30 for every transaction that takes place online under the basic plan. The Shopify plan charges 2.6% plus $0.30 per online transaction, and the Advanced charges 2.4% plus $0.30.
There are also Plus and Lite plans available, with custom statistics for them.
Frequently Asked Questions
How Much Does Shopify Charge Per Transaction?
Shopify charges a transaction fee of 2.9% plus $0.30 for every transaction that takes place online under the basic plan. The Shopify plan charges 2.6% plus $0.30 per online transaction, and the Advanced charges 2.4% plus $0.30.
Is Shopify Worth Paying?
Overall, yes. Paying for Shopify grants you access to lots of great features that you can put to use in your business.
How Much Profit Do You Get From Shopify?
It varies from business to business. In the US, the average Shopify merchant will make around $72 of profit from every customer. A high-earning merchant can expect to make roughly $149 for every customer, whereas low-earning merchants can expect around $44 per customer. In reality, none of these options are actually bad if your Shopify business is a side business!
Can You Avoid Transaction Fees On Shopify?
There will always be transaction fees. However, there may be ways to reduce the number of fees you need to pay by using Shopify’s checkout features. This will help to get rid of unnecessary fees.
How Much Does The Average Shopify Owner Make Per Month?
On average, Shopify owners bring in around $2,000 per month. With that being said, income will vary greatly depending on various other factors. It is very possible to make much more than this, but you could also make less.
Is Shopify Cheaper Than Etsy?
Etsy is the cheaper option between the two, and there are no upfront costs. However, you have more tools and features when you use Shopify.
