When it comes to understanding how much Shopify takes per sale, it’s important to look at the various fees associated with using the platform. These fees can vary depending on the Shopify plan you choose and whether you use Shopify Payments or an external payment gateway.
Shopify Transaction Fees
Basic Shopify Plan: A transaction fee of 2% is charged for each sale if not using Shopify Payments
Shopify Plan: The transaction fee is reduced to 1% for each sale under this plan, again, if not using Shopify Payments
Advanced Shopify Plan: This plan further reduces the transaction fee to 0.5% per sale without Shopify Payments
Credit Card Processing Fees
If you use Shopify Payments, you’ll also need to consider credit card processing fees:
Basic Shopify Plan: 2.9% + 30 cents per online transaction
Shopify Plan: 2.6% + 30 cents per online transaction
Advanced Shopify Plan: 2.4% + 30 cents per online transaction
Inperson credit card rates are slightly lower, ranging from 2.4% to 2.7% per transaction, depending on your plan
Shopify Payments: An Advantage
Using Shopify Payments can offer a significant advantage. It eliminates the additional transaction fees for the Basic Shopify, Shopify, and Advanced plans. For example, the Shopify Starter plan’s fee is reduced to 5% if you choose Shopify Payments
For Shopify sellers, it’s crucial to consider both transaction fees and credit card processing fees when calculating the cost per sale. Using Shopify Payments can be beneficial as it reduces or eliminates transaction fees on various plans, but you’ll still need to account for credit card processing fees. The choice of your Shopify plan will also impact these fees, with higher tier plans offering lower transaction and credit card processing rates.