The Price to Hustle: Understanding Shopify Fees Per Sale

If you've decided to take your business to the digital space, you may have toyed with the idea of setting up shop on Shopify. After all, with its ease of use and vast array of features, it's a compelling option. But, like all good things, Shopify comes with a cost. Let's dig into the wacky world of Shopify fees per sale, so you're in the know!

Shopifying Your Business: The Costs Involved

Shopify operates on a subscription model, offering three main plans: Basic Shopify, Shopify, and Advanced Shopify. These plans require a monthly fee of $29, $79, and $299, respectively. Each plan offers a gradual increase in features, but they all have one thing in common–a supplementary fee per sale.

Let's Talk Numbers: Shopify's per Sale Fees

So what exactly are these sales fees? On Basic Shopify, there's a 2.9% + 30¢ fee for every online credit card transaction. If you step up to Shopify, you're looking at a 2.6% + 30¢ fee per transaction, and the Advanced Shopify plan offers a 2.4% + 30¢ fee per transaction. Bear in mind, these percentages and fees drop if you're using the Shopify Payments system. Be warned, though! If you want to use an outside credit card payment provider, Shopify tacks on an additional 2% fee for Basic, 1% for Shopify, and 0.5% for Advanced.

Yes, There is More: The Other Shopify Fees

If you think the costs end with subscription and sales fees, guess again! Some features or services may require additional costs. For instance, certain apps or themes may come at an additional expense. Also, if you buy a domain through Shopify it's going to cost you around $14/year. And hey, don't forget, third-party payment providers often charge their own transaction fees, too.

Avoiding Financial Shock: Decoding Shopify’s Pricing Structure

At first glance, Shopify's pricing structure may appear more complex than figuring out your significant other's food preferences when they say "I don't know, you choose." But, it's not too scary once you break it down. In a nutshell, you're paying for the platform's monthly subscription, a per-sale fee, and possibly add-on costs for extra features. Can it add up? Sure. But remember, you're investing in a platform designed to help your business grow in the online marketplace. And let's be real, growth is rarely free!

1%er Takeaway

Keep in mind that when growing a business, understanding the potential expenses involved is just as important as knowing the money-making angles. Yes, Shopify fees can seem daunting at first, but like many things in life, you often have to spend money to make money. If you're a growing business looking to boost your eCommerce game, come wine and dine with the experts at Sellery Digital – we have the tools and expertise to take your hustle to the next level. Who knows, with a little help from the best growth hackers in the world (that's us), those Shopify fees might just be a drop in the bucket compared to the online riches you could reap!