How are Shopify fees calculated?


🥷 Lucia Clarke | Answered May 27, 2020 |

Basic Shopify Plan – $29 per month + 2.9% and 30¢ per transaction. Shopify Plan– $79 per month + 2.6% and 30¢ per transaction. Advanced Shopify Plan – $299 per month + 2.4% and 30¢ per transaction. Shopify Plus Plan – pricing plans start around $2000 per month + 2.15% per transaction.
Shopify charge both a monthly fee for the plan and a transaction fee. This transaction fee is waived if you’re using Shopify payments as the Payment gateway. This fee ranges from 0% (Shopify Plus) to 2% on the Basic Shopify Plan.

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How are transaction fees calculated?

🥷 Myra Bass | Answered April 21, 2020

Cost per Transaction is the average cost of a single transaction. This is calculated by dividing the total cost of all transactions by the total number of transactions. For example, if you had 100 transactions and your total cost was $1,000, your cost per transaction would be $10.

How much does Shopify charge per payment?

🥷 Ellen Mclaughlin | Answered September 8, 2021

Shopify Pricing: A Quick Breakdown

Shopify Basic costs $29 monthly (and 2.9% + 30¢ per transaction). The Shopify plan is $79 monthly (and 2.6% + 30¢ per transaction). Advanced Shopify is $299 monthly (and 2.4% + 30¢ per transaction). Use Shopify Payments to avoid extra fees.

13 Apr 2022

How does Shopify billing work?

🥷 Betty Blair | Answered July 8, 2020

If the total of your third-party transaction fees and other outstanding charges is below your billing thresholds, then your account is billed at the end of your 30-day billing period. If you change your store’s Shopify subscription plan, then you’re billed for any outstanding and prorated amounts.

How do I reduce my Shopify fees?

🥷 Adrienne Dixon | Answered October 29, 2020

The solution to this problem is to pause your store. Shopify allows you to pause your store, which will bring your monthly charge down to just $14 per month. Customers can still view your store and add products to their cart, but they cannot checkout.

Credit Card Fees Explained: 2021 Shopify Tutorial

39 Related Questions Found

What is a 3% processing fee?

🥷 Marianne West | Answered January 3, 2020

Funds deposited into your Reseller account by credit card or PayPal are subject to a 3% processing fee. The 3% is calculated based on the final amount of payment, including the fee, not the initial amount.3 Jan 2019

How is convenience fee calculated?

🥷 Adrienne Mann | Answered January 18, 2020

How to Calculate Credit Card Convenience Fee?
  1. Add a line item for credit card surcharge to the invoice and add a standard amount to each invoice.
  2. Calculate to offset the 2.9% + $0.30 charge per invoice.
28 Mar 2019

How much is transaction fee?

🥷 Diane Stevens | Answered August 4, 2020

A per-transaction fee is an expense a business must pay each time it processes an electronic payment for a customer transaction. Per-transaction fees vary across service providers, typically costing merchants from 0.5% to 5% of the transaction amount plus certain fixed fees.

Does Shopify charge for every transaction?

🥷 Shelly Padilla | Answered September 20, 2020

As for transaction fees, Shopify charges a fee of 2.9% + $0.30 per transaction for all online purchases made under this plan. On the other hand, physical purchases attract a 2.7% fee per transaction. If you use any payment gateway other than Shopify Payments, a 2% fee will be charged on every transaction.15 Mar 2022

How much does the average Shopify store make per month?

🥷 Gail Strickland | Answered July 11, 2021

On average, the monthly Shopify income is around $3,897.6 Jul 2021

Is Shopify Payments right for you? || Shopify Help…

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