If you’re considering starting an online store with Shopify, you’re probably asking, how much does Shopify take per sale?. A lot of new merchants worry about whether or not “does Shopify take a percentage of sales?” To run your business’s finances well and maximize your profit margins, you need to know how Shopify’s fees work.
We explain all you need to know about what percentage Shopify takes and how to keep costs down in this article.
Keynotes
- Shopify takes a cut from each sale.
- Fees depend on your plan and gateway.
- Shopify Payments helps avoid extra fees.
- Third-party gateways increase costs.
- PlugBooks tracks all Shopify fees easily.
An Overview of Shopify’s Pricing Plans
Shopify has a number of plans that work for businesses of various sizes:
- Shopify Lite ($9/month): Great for adding a Buy Button to an existing blog or site or selling on social media. This package doesn’t come with a full online store.
- Basic Shopify ($29/month) comes with a full online store, a blog, and basic reporting. Good for small enterprises or new businesses.
- Shopify ($79/month) and Advanced Shopify ($299/month): These plans are made for businesses that are growing. They come with more features, fewer prices, and better reporting.
- Shopify Plus (Custom pricing): This is for businesses that need a lot of customization, dedicated support, and the ability to handle a lot of orders.
The answer to the question “How much does Shopify take per sale?” depends on the plan and payment method you choose, since each plan has different features and transaction fees.
Does Shopify charge fees for transactions?
Yes, although the amount depends on the payment gateway you pick. That’s why it becomes crucial to know how much does Shopify take per sale.
Shopify Payments: Fewer Problems and Lower Fees
You won’t have to pay extra transaction fees if you utilize Shopify Payments. You only have to pay credit card fees instead:
- Basic Shopify: 30 cents plus 2.9%
- Shopify: 2.6% and 30 cents
- Advanced Shopify: 2.4% plus 30 cents
You make things easier for yourself and lower the overall percentage that Shopify gets from each transaction by choosing Shopify Payments.
Shopify Payments: Less Stress, Lower Fees
You won’t have to pay extra transaction fees if you utilize Shopify Payments. You only have to pay credit card fees instead:
- Basic Shopify: 30 cents plus 2.9%
- Shopify: 2.6% and 30 cents
- Advanced Shopify: 2.4% plus 30 cents
You make things easier for yourself and lower the overall percentage that Shopify gets from each transaction by choosing Shopify Payments.
Benefits of Using Shopify Payments
- It’s built within Shopify’s dashboard.
- No additional fees for transactions
- Works with credit cards and digital wallets
- Faster access to money
This directly reduces how much Shopify takes per sale and makes financial reporting simpler.
Extra Fees and Third-Party Payment Gateways
Shopify imposes an extra fee on top of what the third-party processor costs if you use gateways like PayPal or Stripe:
- Basic Shopify: 2.0%
- Shopify: 1.0%
- Advanced Shopify: 0.5%
These costs are in addition to the gateway’s own fees. This setup raises the proportion that Shopify takes, thus it’s crucial to look at the whole expenditures.
For example, how much does Shopify charge for each sale?
Let’s go over a $100 sale on Basic Shopify:
With Shopify Payments:
- Shopify charges a total of $3.20, which is 2.9% plus 30 cents.
With PayPal (third-party):
- PayPal charges 2.9% plus 30 cents, which comes to $3.20.
- The extra fee from Shopify is $2.00 (2%).
- The total is $5.20.
So, using Shopify Payments can reduce how much Shopify takes per sale by nearly 40% in this example.
How it affects profit margins
Fees have a direct effect on your bottom line. Knowing how much does Shopify take per sale allows you to price your products smartly. Lower fees mean more money for marketing, development, or growth, andOther Fees for Shopify to Keep in Mind
Other Fees for Shopify to Keep in Mind
In addition to transaction fees, think about the following:
Fees for Apps:
A lot of apps charge a fee every month or only once. Some tools are free, but paid ones may include stronger automation, analytics, or marketing features.
Fees for the theme
Paid themes usually cost between $140 and $180 and can help with branding, conversion rates, and the user experience.
Shopify Point of Sale
Point of sale (POS) systems for selling in person include hardware and may charge monthly fees. But they work with your online store so you can easily keep track of everything.
What percentage does Shopify take when you choose the right gateway?
Always ask yourself, “What percentage does Shopify take with this option?” when you choose how to pay.
Shopify Payments is the best way to go if you want to keep costs down. But if a third-party gateway has important tools or capabilities, think about how much those expenses will add to the transaction.
Does Shopify Take a Percentage of Sales?
Yes, Shopify does take a percentage of sales, but the exact amount depends on your plan and the payment gateway you use. If you choose Shopify Payments, you only pay the standard credit card processing fees, which are lower on higher-tier plans.
However, using a third-party gateway like PayPal or Stripe adds an extra transaction fee, increasing your overall cost per sale. Understanding these percentages is essential for managing your profit margins effectively.
To stay on top of all these charges, tools like PlugBooks make it easier to track every fee and keep your financial records organized in real time.
PlugBooks Can Help You Track Shopify Fees
It can be hard to keep track of all these costs by hand, which is where PlugBooks comes in. PlugBooks makes bookkeeping easier by connecting Shopify with QuickBooks and Xero. This lets you see all of your sales, costs, and earnings in one place.
PlugBooks makes sure you never lose track of how much Shopify takes every sale or any other hidden expense, from automated reports to correct tax preparation. It gives sellers complete control over their money, which is very useful.
Conclusion: What is Shopify’s cut on each sale?
- In short, yes, Shopify does take a cut of sales.
- The cost depends on your plan and whether you use Shopify Payments or a third-party payment processor.
- Using Shopify Payments makes things easier and costs less.
- Evaluating how much does Shopify take per sale helps you make informed, strategic decisions.
You can make your store successful and profitable in the long run by knowing what percentage Shopify takes and where the costs originate from.