You must look at the available price plans if you’ve concluded that Shopify is the best eCommerce platform for you and your company. Because we at SCG Team think Shopify is the ideal platform for expanding your e-commerce business, we’ve developed the most comprehensive guide on selecting a Shopify price plan. The information is applicable both domestically and abroad for Shopify pricing.
Shopify costs are based on a tiered pricing structure, allowing merchants to select the one that best suits the scale of their current business. Moving from Shopify Lite to Shopify Plus is simple as companies expand and need to upgrade to the next Shopify price tier.
You might be wondering which Shopify price plan is appropriate for you and your company if you’re a new company or in a period of growth and need to change your plan. What is the price of Shopify? Continue reading to learn about each plan’s prices and our suggestions.
PART 1 – Shopify Pricing: What Is the Monthly Cost of Shopify?
So what is the monthly fee for Shopify? Here is an explanation of how much each Shopify price plan costs.
(If you’re wondering how much Shopify costs in the UK, the monthly subscription fees are charged in US dollars, while credit card charges are set in the chosen currency.)
The answer is yes if you’re wondering whether Shopify takes a cut. We’ll explain how this works in exchange for using the platform.
The choices are Shopify Lite, Basic Shopify, Shopify, Advanced Shopify, and Shopify Plus.
Shopify Lite
- Monthly subscription fee: $9
Simple Shopify
- Monthly subscription fee: $29
- The rate for online credit cards: 2.2 percent plus 20p
- Rate when using a credit card in person: 1.7% plus 0p
- Additional charges when utilizing other payment processors than Shopify Payments: 2.0%
Shopify:
- Monthly subscription fee: $79
- The rate for online credit cards: 1.9 percent plus 20p
- Rate when using a credit card in person: 1.6% plus 0p
- Fees for utilizing other payment processors than Shopify Payments: 1.0 percent
Advanced Shopify:
- Monthly subscription fee: $299
- The rate for online credit cards: 1.6 percent plus 20p
- Credit card rate in person: 1.5 percent plus 0 pence
- Fees for utilizing other payment processors than Shopify Payments: 0.5 percent
Shopify Plus
- Prices are available upon request, with monthly rates beginning at around $2,000.
PART 2 – What Does Each Shopify Pricing Plan Include?
1. What does the Shopify Lite Pricing Plan include?
Since Shopify Lite is the entry-level plan, it has the most affordable prices. It’s for smaller companies who wish to integrate Shopify features into social media accounts or add “purchase” buttons to an already-existing website or blog, like your WordPress site. Shopify Lite also comes with Facebook Messenger, which adds a customer service component to the platform.
The Lite plan’s goal is to enhance the functionality of your current website or blog rather than turning it into a stand-alone Shopify store.
What is the price of Shopify Lite?: $9 per month (or roughly £7)
2. What does the Basic Shopify Pricing Plan include?
“All the fundamentals for launching a new business,” The bare minimum choice you’ll need to set up your own e-commerce business is the Shopify Basic price plan. You receive blog capabilities and a Shopify-hosted store. You may add an unlimited amount of products, use Shopify’s fraud risk analysis tool, add discount codes to your store, get a free SSL certificate to ensure the security of your transactions, and get round-the-clock assistance.
How much does Shopify Basic cost?: $30 per month. (very much £24)
Additionally, Shopify keeps 20p and 2.2 percent of every online sale.
Comparatively, eBay deducts 10% of the amount you were paid, including delivery. Then, Paypal adds 3.4 percent plus 20p. Depending on the goods, Amazon charges a minimum of 7 percent and a maximum of 45 percent. Due to Shopify’s minimal fees, you can fully manage your income. Shopify provides some of the lowest costs in the market.
This is the ideal choice for business owners who want an attractive and fully functional online store but are content to forego some of the capabilities offered by the Shopify Plan.
3. What does the Shopify pricing plan include?
Shopify includes everything a developing business might require. The most common Shopify pricing option is this one. It includes your free SSL certificate, discount codes, Shopify’s fraud risk tool, and round-the-clock support. Recovery of abandoned shopping carts makes a difference. To close the transaction, you can later follow up with an email that includes a discount code or a reminder to those who expressed interest in your products but didn’t purchase them.
Depending on your product prices, one or two recovered sales generated in this manner will equal the cost difference between Basic Shopify and Shopify.
What is the price of the Shopify plan?: $79 per month, or around £65.
Additionally, Shopify keeps 20p and 1.9 percent of every online transaction.
Although recovering those shopping carts may seem like a significant step up from the Basic Shopify plan, it is beneficial and successful. The findings of more than 40 research conducted between 2012 and 2020, according to Shopify and the Baymard Institute, reveal that 69.89% of online purchases result in abandoned shopping carts. Shopping cart recovery is the best way to capture potential consumers and convert them. Generally, this plan is worth considering if your store generates more than $5,000 monthly.
4. What does the Shopify Advanced Pricing Plan include?
Advanced features to help you grow your business A more advanced version of the standard Shopify plan is the Shopify Advanced bundle. The 15 employee accounts and third-party shipping calculation are the key additions. This applies to companies who ship enough goods to justify outsourcing delivery. Additionally, you can get sophisticated reporting. Once more, this is for retailers who offer many products and need to produce data for particular collections or product kinds.
What is the price of the Shopify Advanced plan?: $299 per month, or roughly £245.
Additionally, Shopify keeps 20p and 1.6 percent of every online transaction.
You receive a lot of value for your money. This is for established companies that have experienced eCommerce success and wish to expand. It is a fantastic choice for businesses that sell large quantities and want a third party to handle product shipment. If you satisfy both of those requirements and have inbound monthly revenue of at least $10,000, we advise considering this option.
5. How Much Is Shopify Plus?
“Enterprise-grade solutions for major organizations and high volume merchants.” There are no transaction costs when using the Plus solution. Unlike the other tiers, Shopify Plus pricing plans are scoped and offered on a case-by-case basis; there is no set price for them. The Shopify Plus cost, however, serves as a benchmark and starts at about $2,000 per month (about £1,640). As one of the first Shopify Plus Partners, SCG Team has the knowledge and Shopify’s endorsement to help merchants build Shopify Plus stores that look stunning and are optimized for conversions.
PART 3: Additional Things to Think About When Selecting Your Shopify Plan
When ought one to change Shopify plans?
If you’re just starting, we advise starting with the Basic Shopify price plan and moving up as your company grows, and when your eCommerce site needs additional features, your sales and revenue demonstrate that you can afford it. Take a look at our suggestions if you currently have a store and want to migrate to Shopify because it is more affordable and filled with useful features.
Which Shopify plan suits you the best?
Keep using the Basic Plan if your monthly income is up to $5,000. You should upgrade to the Shopify Plan if your monthly income exceeds $5,000. If your budget exceeds $10,000, you might consider upgrading to the Advanced Plan.
Selecting a payment processor
Which payment gateway your store will utilize is something else to consider. Shopify provides Shopify Payments, which helps store owners keep costs down.
If you use an external gateway to process credit cards, you will be responsible for both that gateway’s fees and an additional transaction charge from Shopify.
However, you can enable both Shopify Payments for credit cards and PayPal Express simultaneously; in that case, Shopify won’t charge you the extra transaction costs.
The split of third-party fees is as follows:
PayPal – 3.4% plus 20p
2.75 percent plus 20 pence for Worldpay
Three pricing options are available for Sagepay: £19.95 per month for up to 350 transactions, £45 per month for 500 transactions, and a custom pricing option for larger businesses.
Apps for Shopify
The features listed in the various Shopify price plans show how many built-in functionalities are available on the platform. Thanks to the global network of app developers and Shopify agencies, there is also a growing apps industry. You may find hundreds of free and paid apps to enhance and customize your store in various ways if you visit the Shopify app store. To do precisely that, SCG Team has created several applications. While many of the applications are free, some require a membership, so it’s essential to include the cost of maintaining all the apps as part of your store’s operating expenses.
Purchasing an Existing Shopify Store
In addition to the choices of enrolling in one of the five programs we’ve described in this post, the Exchange Marketplace enables you to purchase an operational Shopify store. Before they are listed, Shopify inspects these stores. These stores range in price from a few hundred dollars to millions of dollars, depending on the volume of sales they produce and the size of their existing clientele.
PART 4: Frequently Asked Questions About Shopify Pricing
1. Is Shopify free?
While there is a 14-day free trial, it is not free. You can construct your business and make it accessible to customers during this time. Your business cannot make any sales until you select one of the premium plans.
2. What is the price of Shopify?
The following pricing for Shopify varies depending on the plan you select:
- $9/month for the Shopify Lite subscription
- Cost of a basic Shopify subscription: $29 per month
- Cost of Shopify subscription: $79 per month
- Cost of a premium Shopify subscription: $299 per month
- Cost of the Shopify Plus subscription: upon request
3. How do Shopify Payments work?
The payment system for Shopify. Using this, you can avoid paying additional charges on top of credit card fees. There will be additional fees if you use third-party gateways (see next question).
4. Is there a transaction cost for Shopify?
There is no transaction cost if you use Shopify Payments. You will be charged 2 percent on Basic Shopify, 1 percent on Shopify, and 0.5 percent on Advanced Shopify if you utilize a third-party payment gateway without having Shopify Payments.
5. For how long do Shopify contracts last?
Unless you sign up for an annual or two-year plan, it will be monthly.
6. Are plans subject to discounts?
Annual plans are eligible for a 10% upfront discount, and two-year plans are eligible for a 20% discount.
7. Is it simple to alter a Shopify plan?
Your Shopify plan can be changed at any moment, both up and down.
8. Which Shopify plan suits a new store the best?
Start with the Basic Plan if your monthly revenue is between $0 and $5,000. You should upgrade to the Shopify Plan if your monthly income exceeds $5,000. If your budget exceeds $10,000, you might consider upgrading to the Advanced Plan.
9. Is Magento more affordable than Shopify?
Although Magento is free, using it is not that simple. For additional information on comparisons between the two platforms, including price, read our blog post on Magento vs. Shopify.
10. The number of team members who can access my Shopify store is 10.
Shopify’s free plan grants access to two employee accounts, while Shopify’s plan allows five employee accounts. On the other hand, Shopify Plus allows 15 staff accounts.
11. Is the number of items I can sell on Shopify restricted?
On each plan, the quantity of products you may sell is infinite. No limitations.
12. Are there limitations on the volume of sales and website traffic?
No, there are no limits on the number of sales or visitors. More is better, right?
Conclusion
Taking Your Business to the next step can only become a reality if you have the right expertise to deliver outstanding solutions. At Seibert Consulting Group, we specialize in providing modern solutions to businesses that aim at taking full advantage of the eCommerce platform. We always customize our solutions to align with Your Business’ requirements and goals. Let’s start talking about your project and find out how we can help Your Business grow. Get in touch with us via our chatbot or email at hello@seibertconsulting.com and via our direct line at 760-205-5440.
FAQ’s
Does Shopify Charge for refunds?
Certainly! Shopify does not charge for refunds if a bill has not been generated before the refund is initiated. In this case, there will be no transaction fee incurred by the user. However, if a bill has already been issued and the user decides to cancel an order, a transaction fee will be applied, and no credit will be given back to the user. Therefore, the presence or absence of a bill before initiating a refund determines whether Shopify will charge a transaction fee for the refund.
