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 your budget. As you build your business, you can always upgrade to a higher plan to add new features and functionality to your store.
Before you review the details and features of the available plans, familiarize yourself with some of the main concepts and terminology surrounding the fees that Shopify charges.
Plan fees and charges
When you look at Shopify's pricing plans, you can see multiple rates and fees: monthly price, credit card rates, and transaction fees. These are all standard fees that you would pay for a hosted ecommerce platform.
For accounting reasons, we currently bill 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.
Did you know?
If you sign up for an annual, a biennial, or a triennial billing cycle, 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 gateway to take customer payments. This fee covers the charge for Shopify to integrate with an external payment gateway.
Like the credit card rates, transaction fees vary depending on the plan that you choose.
Did you know?
You can eliminate transaction fees by activating Shopify Payments, which is Shopify's own payment gateway.
Shopify has its own payment gateway, 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.
Did you know?
If you want to give your customers another way of paying, for example, through PayPal or with a custom payment method, you can set up a third-party payment gateway in addition to Shopify Payments without having to pay any extra transaction fees.
Third-party payment gateways
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 gateways 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 your invoice in Understanding your Shopify invoice.