You can access sales channels, design flexibility, and numerous website features by using Shopify to set up and manage your online store, but how much will all of this cost you?
Shopify provides three pricing tiers, from their most affordable ($29/month) to their most expensive ($299/month). Shopify's value for money rating has decreased in comparison to other builders from last year's evaluations; it went from 3.5 out of 5 to a new score of 3 out of 5 in the most recent study.
This is something to think about because it can increase financial stress, given the current economic situation. But Shopify has added a tonne of fantastic features! To assist you in selecting the right plan for your online store, below is a thorough overview of each one, along with all the features it offers!
- Shopify Basic has a monthly fee of $29 and charges 2.9% plus 30 for each online transaction.
- The monthly fee for the main Shopify plan is $79, and the transaction fee is 2.6% plus 30.
- Advanced Shopify has a monthly fee of $299 and a 2.4% + 30 transaction fee.
Shopify Starter is $5 per month, while Shopify Plus, which is fully hosted, starts at $2,000 a month.
Basic Shopify ($29/month)
Are you starting a small business or attempting to create an online storefront for one that already exists? This is the plan for you if your business is small and you only require a small number of eCommerce capabilities. But that hefty 2.9% + 30 transaction fee will add up quickly if your things are expensive or you sell a lot of them.
You will require a strong website if your small firm is expanding quickly. This package has features like gift cards and abandoned cart recovery, as well as more detailed reporting information.
These features might not be necessary for a small firm, but as you expand, you'll earn more money. This is the plan for you if your website presently generates about $5000 in monthly income.
Advanced Shopify ($299/month)
An internet firm that is medium to large can always expand. This plan of Shopify pricing comes with excellent shipping, incredibly low transaction fees, and even more sophisticated reporting if your objective is to grow ten times larger.
This choice is intended for businesses with monthly revenues over $10,000. Yes, it's expensive, but owing to the extra features and cheaper fees, the companies adopting this plan can recover some or all of the monthly costs.
Here are some more variances you should be aware of in addition to the obvious monthly price variations:
- Credit Card Rates: Slightly lower for higher plans
- Transaction fees are greatly reduced for more expensive plans.
- Abandoned Cart Recovery is a great technique to utilise to increase your income automatically.
You won't get a fully functional web store with the Shopify Starter package. Instead, you get access to the fundamentals, including product pages and Shopify's checkout process, so you can start selling right away via social media and messaging services through this Shopify pricing package.
This is a fantastic choice for a hobbyist who already has a well-known online presence and wants to interact with clients on popular social media networks. If you want to grow, it's simple to upgrade (without sacrificing anything!) for just $5/month.
Big organisations can use the enterprise-level eCommerce Shopify pricing package called Shopify Plus: Paying for more robust features and website hosting guarantees that your site won't go down in the event of a traffic spike.
The programme targets businesses with yearly revenues of $1 million or more and has a monthly cost of $2,000 or more. You must contact Shopify directly in order to obtain a personalised estimate for Shopify Plus.
Shopify Transaction Fees
Depending on the Shopify plan you choose, a transaction fee will be applied each time a consumer makes a purchase from you (a transaction). The fees for the Basic Shopify plan, the Shopify plan, and the Advanced Shopify plan are 2%, 1%, and 0.5%, respectively.
Purpose of Transaction Fees
When customers come to your online business, they look around before choosing what they want to buy. Your e-commerce website needs to be powered by Shopify in order for it to function properly and not crash unexpectedly.
So, regardless of how many people visit your website at once, the transaction fees help Shopify keep your business available and working at peak levels (10 visitors or a million visitors).
Additional Shopify Costs to Consider
Beyond the cost of the basic website package, running an eCommerce business has several additional expenses. Here are some additional costs and add-ons to keep in mind.
In the online Shopify app store, which has more than 6,000 apps, a number of third-party companies offer apps made to work with Shopify websites.
The costs and the features might differ greatly: One app is free and allows clients to message a company directly. In contrast, another app costs $299 per month and enables enterprise-level product procurement and supply chain management.