One of the most well-liked e-commerce platforms for startups and small business owners is Shopify. It offers a complete package for companies to set up their online storefronts, handle payments, monitor inventory, and control shipment. The costs involved with an e-commerce platform are one of the most crucial things to take into account. When a sale is made using Shopify’s platform, a fee is charged, but how much does Shopify keep from each transaction?
Depending on the plan you select, Shopify levies transaction fees on each sale made through their platform. The transaction cost for the Free Shopify plan is 2.9% plus 30 cents per transaction. The transaction cost for the Shopify plan is 2.6% plus 30 cents per transaction. Additionally, the transaction cost for the Advanced Shopify plan is 2.4% plus 30 cents each transaction. The transaction cost is removed if you choose Shopify Payments as your payment processor, though.
WooCommerce, a free WordPress-based e-commerce platform, is the main rival of Shopify. WooCommerce does, however, necessitate your own server, which for some users presents a technological hurdle. On the other side, Shopify offers a fully hosted option, which means that they handle website hosting, security, and upkeep.
Because it is simple to use and offers a seamless experience for both the business owner and the customer, people are selecting Shopify. Even for people without previous web development or online store management knowledge, the platform is made to be user-friendly. Shopify is a flexible platform for any type of business because it provides a wide range of tools and integrations, including social network integration, email marketing, and dropshipping.
Because Shopify can manage enormous levels of visitors and sales, big businesses use it. Millions of users and transactions may be handled daily by the platform’s powerful infrastructure. Shopify is a good alternative for large organizations because it also provides enterprise-level features like multi-channel selling, custom development, and dedicated support.
Finally, it should be noted that Shopify, a well-known e-commerce platform, levies transaction fees for each sale made on it. Depending on the package you select, the transaction cost varies, however it can be avoided by using Shopify Payments as your payment channel. WooCommerce is Shopify’s main rival, however Shopify offers a fully hosted solution, making it a user-friendly platform for any kind of business. Due to its solid infrastructure and enterprise-level functionality, Shopify is also appropriate for big businesses.