Shopify is a fast-growing e-commerce platform that gives businesses the ability to set up an e-commerce store at an affordable price. If you’re looking to start building your first business, Shopify is an easy solution.
The more you pay the monthly fee for Shopify, the less you will have to pay the processing fee. When trying to disconnect your Shopify plan, it’s your need to use sales and transaction numbers to find the optimal package. And with four plans ranging from $ 29 to $ 2,000 or more per month offering a variety of features from gift cards to personalized contacts, there is definitely an option for every type of business.
The basic Shopify plan is great for small businesses just starting out because it’s the cheapest Shopify option with a $ 29 monthly subscription fee.
However, it comes with the highest credit card processing interest rate of 2.9% + 30 30 per transaction. As the name suggests, the basic Shopify plan doesn’t include some of the more complex features like gift cards, reports, and abandoned cart recovery. Even so, Shopify’s base plan is still a good place to start as you can switch to a higher plan any time as your business grows.
Either way, the Shopify plan works well for growing e-commerce businesses looking to boost their business as it includes gift cards, reports and abandoned basket recoveries. This feature allows business owners to sell more via gift cards while giving them the ability to make up for lost income by restoring abandoned shopping baskets. Plus, with access to reports, you can gain valuable insights into your customers’ buying habits so you can make better business decisions.
The monthly subscription fee is $ 79. With processing fees lower than 2.6% + 30 30 per transaction, you also save on credit card prices.
If you’re considering Shopify’s Advanced plan, there’s a good chance you have a large, well-established company and want to grow your business even further. Advanced Report Designer allows you to create custom reports that you can filter by dimension to identify the biggest opportunities for your business when it comes to looking for new jobs to grow your business.
An even bigger benefit is real-time shipping information from carriers which ensures that you offer your customer carrier-based shipping prices at checkout. This information can help prevent getting out of the car, as one of the most common reasons to get out of the car is because the customer encountered an unexpected expense.
The price is $ 299 per month and 2.4% + 30 ¢ per transaction.
Shopify Plus is compatible with individual e-commerce solutions at the enterprise level. It also takes the burden off your shoulders in managing orders as you don’t have to worry about transaction fees.
Additionally, you have a dedicated project manager, account manager, personalized support contacts, negotiated Shopify payment prices and early access to beta features.
Shopify Plus prices start at $ 2,000 per month, and you can use Shopify Payments to avoid additional fees.
Our Shopify cost calculator
As can be seen from the many features available, choosing a business plan is more than just looking at the monthly subscription fee. You need to choose the package that best suits your business. At the same time, however, you need to consider the details of the Shopify plan as well as the processing rates and fees.
Ultimately, you don’t want to go for a plan with a cheaper monthly subscription and fewer features, but because of the higher processing fees you will actually be charged more than the next Shopify tier.
Our Shopify Plan Calculator can help you figure out how much it will cost you to manage your business using one of the four plans outlined above. We also offer recommendations on which Shopify plan is best for your business based on your monthly transactions and number of sales.
Even if you are already using Shopify for your business, you can always use our Shopify cost calculator to ensure that you have the right plan for your business. Plus, as your business grows, this calculator comes in handy when you’re wondering if it’s time to change the Shopify plan you’re working on, taking into account the processing fees associated with each sale.
Let us know if you found the Shopify Expense Calculator to be helpful in choosing the right plan for your business!
* Note: This Shopify plan calculator includes processing fees in North America. Different handling fees may apply in other countries. In this case, all you need to do is adjust the% Processing column to reflect the prevailing rates for your location.