Understanding Shopify Pricing Plans and Transaction Fees #
Shopify offers multiple pricing tiers designed to accommodate businesses of different sizes and needs. This comprehensive guide breaks down Shopify's costs, transaction fees, and helps you choose the right plan for your business.
Shopify Pricing Plans Overview #
1. Starter Plan (£5/month) #
- Ideal for social media selling
- No online store included
- Basic features for getting started
- Higher transaction fees
2. Basic Plan (£19/month annually, £25/month monthly) #
- Full online store functionality
- 2 staff accounts
- Basic reporting features
- 2% + 25p online credit card rates
- Unlimited products
3. Shopify Plan (£49/month annually, £65/month monthly) #
- Professional reporting
- 5 staff accounts
- Lower transaction fees (1.7% + 25p)
- Gift cards
- Abandoned cart recovery
4. Advanced Plan (£259/month annually, £344/month monthly) #
- Advanced reporting
- 15 staff accounts
- Lowest transaction fees (1.5% + 25p)
- Third-party shipping rates
- Custom report builder
5. Shopify Plus (Starting at $2,000/month) #
- Enterprise-grade solution
- Custom pricing based on requirements
- Advanced features and automation
- Dedicated support
Transaction Fees and Payment Processing #
Understanding Shopify's fee structure is crucial for managing your ecommerce costs:
Shopify Payments #
- No additional transaction fees
- Only pay credit card processing rates
- Rates decrease with higher-tier plans
Third-Party Payment Providers #
Additional fees apply:
- Basic: 2% per transaction
- Shopify: 1% per transaction
- Advanced: 0.5% per transaction
Choosing the Right Plan #
Select your plan based on monthly revenue:
- Up to £5,000: Basic Plan
- £5,000-£10,000: Shopify Plan
- Over £10,000: Advanced Plan
Additional Costs to Consider #
Beyond the monthly subscription:
- Domain name (annual cost)
- Premium themes (one-time purchase)
- Third-party apps (monthly subscriptions)
- Transaction fees if not using Shopify Payments
Saving Money with Annual Billing #
Save 25% on selected plans by choosing annual billing:
- Basic: £19/month (save £72/year)
- Shopify: £49/month (save £192/year)
- Advanced: £259/month (save £1,020/year)
Conclusion #
Shopify's pricing structure offers flexibility and scalability for businesses of all sizes. By understanding the costs and features of each plan, you can make an informed decision that balances your needs with your budget. Remember to consider both the base subscription cost and potential transaction fees when calculating your total Shopify expenses.
Shopify for $1/month + Earn 1% of all sales as subscription credits, up to $10,000.
Glossary Terms in This Article:
Frequently Asked Questions
Quick Answers for Shopify Pricing Guide
- What are Shopify's available pricing plans?
- Shopify offers 5 plans: Starter (£5/month), Basic (£19/month annually), Shopify (£49/month annually), Advanced (£259/month annually), and Shopify Plus (starting at $2,000/month).
- How much does Shopify charge per transaction?
- Transaction fees vary by plan: Basic charges 2% + 25p, Shopify charges 1.7% + 25p, and Advanced charges 1.5% + 25p for online credit card rates when using Shopify Payments.
- Can I avoid Shopify transaction fees?
- Yes, you can avoid additional transaction fees by using Shopify Payments instead of third-party payment providers. Credit card processing fees still apply.
- What's included in the Basic Shopify plan?
- Basic Shopify includes an online store, unlimited products, 2 staff accounts, 24/7 support, and basic reporting features for £19/month when paid annually.
- How do I choose the right Shopify plan?
- Choose based on your monthly revenue: Basic for up to £5,000, Shopify for £5,000-£10,000, and Advanced for over £10,000 monthly revenue.
- Are there any hidden Shopify costs?
- Additional costs may include domain names, premium themes, third-party apps, and transaction fees if not using Shopify Payments.
- Can I change my Shopify plan later?
- Yes, you can upgrade or downgrade your Shopify plan at any time as your business needs change.