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If you’re thinking about using Shopify to sell your products online, you might be wondering about the fees involved. Here’s a breakdown of Shopify’s sales fee structure, so you can see exactly what you’ll be paying. Shopify has two main pricing plans: the Basic plan, which costs $29 per month, and the Advanced plan, which costs $299 per month.
Both plans come with a 2.9% + 30¢ transaction fee on all sales. If you’re on the Basic plan and you want to use Shopify Payments (which is Shopify’s own payment processing service), you’ll also be charged a 1% fee on all sales.
This fee is waived if you use a third-party payment processor like PayPal or Stripe. So, what does this all mean for your bottom line? If you’re selling products on Shopify apps, you can expect to pay a 2.9% + 30¢ transaction fee on all sales, plus any additional fees for using a third-party payment processor.
Shopify’s sales fees
Shopify’s sales fees are fairly simple to understand. There are two main types of fees:
1. Transaction fees
2. Subscription fees.
Transaction fees are charged for each sale that you make through your Shopify store and can be calculated by a Shopify fees calculator. The fee is a percentage of the total sale, and it varies depending on which plan you’re on.
For example, if you’re on the Basic plan, you’ll be charged 2% per sale. If you’re on the Professional plan, you’ll be charged 1.5% per sale. And if you’re on the Advance plan, you’ll be charged 1% per sale.
Subscription fees are monthly or yearly charges that give you access to use Shopify. The fee is based on which plan you choose. For example, the Basic plan costs $29/month, while the Professional plan costs $79/month. And the Advance plan costs $299/month.
How Shopify’s sales fees compare to other e-commerce platforms
Shopify’s sales fees are very competitive when compared to other e-commerce platforms. They start at 2.9% + 30¢ per transaction, and go down to 0.5% + 30¢ per transaction for Shopify Plus plans. There are also no monthly fees, so you only pay when you make a sale.
Other platforms typically charge a monthly fee, as well as a commission on each sale. For example, BigCommerce charges $29.95/month + 2.5% of each sale, while Volusion charges $15/month + 3% of each sale.
So, if you’re looking for a platform with low fees and no monthly costs, Shopify is a great option. If you’re looking for the cheapest option possible, then another platform might be better suited for your needs.
What Shopify sales fee structure means for your business
Shopify’s sales fee structure is simple: it’s a flat 2.9% + $0.30 transaction fee for all online sales and a 1.9% + $0.30 transaction fee for in-person sales using Shopify Payments (with no additional fees for credit card processing).
For businesses that sell online and in-person, this means that you’ll pay the lower rate of 1.9% + $0.30 on all in-person sales made through Shopify Payments.
This simple, flat-rate pricing structure makes it easy to understand and predict your costs, so you can focus on growing your business. And because Shopify Payments is integrated with Shopify, you can start selling in person right away – no need to set up a separate payment processor.
How to reduce your Shopify sales fees
If you’re looking to reduce your Shopify sales fees, there are a few things you can do. First, if you process payments through Shopify Payments, you’ll be eligible for Lower Transaction Rates. Second, you can sign up for a Shopify plan that includes an Annual Plan Fee.
This way, you’ll save on transaction fees and get access to other features like advanced report building and abandoned cart recovery. Finally, if you use a third-party payment gateway, you may be able to negotiate a lower rate with them.
Shopify’s sales fee structure is simple and straightforward. They charge a 2% transaction fee on all sales, regardless of the payment method used. This means that you will always know exactly how much you’re paying in fees, and there are no hidden costs or surprises. Overall, we think this is a great pricing structure for businesses of all sizes.