One aspect of choosing an ecommerce platform is how much the platform costs. Shopify offers competitive rates and several different pricing plans to help you find one that fits your needs and budget. If you are unsure which pricing plan to choose, register for a 14-day free trial to see how Shopify's features can help you to sell your products and build your business. You can always upgrade your plan to add new features and functionality to your store.
Plan fees and charges
When you review the Shopify Basic, Shopify, and Shopify Advanced pricing plans, you can see multiple rates and fees, such as monthly price, credit card rates, and transaction fees. You are billed in US dollars even if your store is located outside of the US.
The monthly price is a recurring subscription charge for using Shopify, which varies depending on the plan you choose.
If you sign up for an annual, a biennial, or a triennial billing cycle, then you can receive a discount on your subscription charge.
Credit card rates
The credit card rate is a small fee that Shopify charges that lets you accept major credit cards, such as Visa and MasterCard, as payment in your store (you don't pay any fees to the credit card provider itself). These fees vary for online and POS due to the security and risk of taking a payment online versus taking a payment in person.
The credit card rates vary depending on the plan that you choose.
Transaction fees are per-transaction charges that apply if you use a third-party payment provider to take customer payments. This fee covers the charge for Shopify to integrate with an external payment provider.
Like the credit card rates, transaction fees vary depending on the plan that you choose.
You can eliminate transaction fees by activating and using Shopify Payments, which is Shopify's own payment provider.
A payment provider is a way for you to accept credit card payments securely. To sell your products, you must set up a payment provider either directly through Shopify Payments or through a third-party payment provider.
Shopify has its own payment provider, Shopify Payments, which integrates directly with your checkout. If your business is eligible for Shopify Payments, you can benefit from it in some great ways:
- You only pay the credit card rate with no additional transaction fees.
- Your customers can enter their payment information at checkout without leaving your online store.
- You can set up Shopify Payments right from your Shopify admin instead of having to log in to another website or account.
- You can view your payouts in real-time right from your Shopify admin.
If you want to give your customers another way of paying, for example, through PayPal or with a custom payment method, then you can set up a third-party payment provider in addition to Shopify Payments without having to pay any extra transaction fees.
Third-party payment providers
If Shopify Payments is not available in your country, or if you prefer not to use it, you can activate one of the third-party payment providers that Shopify integrates with. In this case, transaction fees do apply.
A billing cycle is the 30-day interval at which Shopify invoices your plan fees and charges. You cannot choose the date that you get charged on, but you can extend your billing cycle to a longer interval (annual, biennial, or triennial) to earn a discount.
It's important to note that there is a different billing cycle for app subscriptions that may not always match the billing date of your Shopify subscription billing cycle.
If you ever pause or close your store, make sure you cancel your app subscriptions as well to avoid additional future charges.
You can learn more about the various plan and transaction charges in Understanding your Shopify invoice.