Industry News

All you need to know about Shopify pricing and fees

Jaryd Sage 19 June 2023
Article

Shopify is a globally-renowned e-commerce platform, recognised for its diverse and powerful features that cater to businesses of all scales and sectors, but many people often struggle to understand how their pricing works. By the end of this guide, you will have an understanding of how Shopify’s pricing model works, enabling you to make an informed decision about which subscription plan will fit your business best, and how this decision affects your transaction fee costs.

Please note: All prices and fees are as of June 2023 and may be subject to change. Please visit the Shopify pricing page for current pricing.

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Shopify Pricing: Monthly Subscription

The first fee associated with Shopify is the monthly subscription plan. This is a fixed monthly fee, which will only change if you upgrade or downgrade plans. The pricing shown below is based on annual purchase and payment, with pricing being roughly 25% more if paid on a month-to-month basis.

Shopify Pricing: Transaction Fees

The second fee associated with Shopify are transaction fees. Shopify charges transaction fees when a 3rd party payment provider is used, instead of their own Shopify Payments solution. In some regions, such as South Africa, Shopify Payments is not yet supported, meaning store owners must use a 3rd party payment provider such as PayU and PayFast, among others. In these instances, transaction fees will be applied.

How Shopify transaction fees are calculated

Shopify transaction fees will vary from month to month, primarily depending on two factors:

  • the transactions made through your Shopify store
  • the Shopify subscription plan you’re using

Shopify transaction fees are calculated as a percentage of your total transactions for the month. The percentage rate used for this calculation depends on the Shopify plan to which you are subscribed. For this reason, it is important that you select the optimal Shopify subscription plan for your business.

How to choose the best Shopify subscription plan for your e-commerce store

The best subscription model is dependent on a number of factors, including your business size, budget, features needed and scaling strategy. Let’s explore the different plans, and what each of them offers.

Breakdown of Shopify subscription plans and transaction fees

Shopify BasicShopify StandardShopify Advanced
Monthly Cost$29$79$299
Transaction Fees2%1%0.5%
MarketSmall businessesLarger businessesCompanies
Online Store(e-commerce website and blog)
Unlimited products
24/7 support
Sales channels(online marketplaces and social media)
Custom storefront
Inventory management
Manual order creation
Discount codes
SSL certificate
Abandoned cart recovery
Gift cards
ReportingBasicStandardAdvanced
Third-party calculated shipping rates
Customer segmentation
Marketing automation
Unlimited contacts
Automation
International market management
Language translation
Pricing by market
Duties and import taxes at checkout

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Why Shopify?

Shopify is as a powerful e-commerce solution for businesses of all sizes, with a unique blend of user-friendliness, customisability, scalability, security, and 24/7 customer support. The intuitive interface gives you complete control over your online store, enabling you to manage products, orders, and customer data with ease, regardless of your technical proficiency. Additionally, Shopify’s extensive array of themes and applications empower you to tailor your store to your specific business needs and goals. More importantly, it can seamlessly scale alongside your business as it grows.

Shopify has the capability to operate in a “headless” fashion, which means that the storefront can be fully customised to meet the unique needs of each store, whilst still utilising Shopify’s robust admin platform. Additionally, Shopify’s extensive API opens up numerous possibilities for bespoke development, especially when integrating existing applications. These capabilities highlight the versatility of Shopify and its ability to accommodate unique needs and functionalities.

Shopify also prioritises a safe shopping experience. Its built-in SSL certificates and Level 1 PCI DSS compliance offer assurance to you and your customers when it comes to data safety. To further enhance user experience, Shopify’s robust global server infrastructure ensures speedy page loading times. This not only improves your customer’s shopping experience but also bolsters your store’s search engine rankings.

Lastly, but certainly not least, is Shopify’s dedication to customer support. Their team is at your service 24/7, ready to address any issues you might encounter, thus ensuring your store is always performing optimally. With these standout features, Shopify offers a holistic, dependable solution for your e-commerce needs.

Still have burning questions about Shopify and why you should consider using or migrating to their platform? CONNECT WITH US and our e-commerce experts will help you make the best decision for your online business.