10. Shopify Pricing & Plans
Shopify’s cloud-based eCommerce platform has four big pricing styles. They have 5th position in Shopify Lite, but this literally helps you to sell through Facebook and is not covered in this guide.
Set up your own’ Shopify Payments ‘ program and you don’t need to go through any extensive Internet Retailer & Online Payment Service processes. You can exchange online as long as you have a valid bank account and card payment information. The’ entry thresholds’ are incredibly small relative to many more conventional online trading routes.
However, you can select other third party payment services and offer cheaper transaction rates, but you’ll note that you’re still meeting additional’ per sale ‘ scaling costs of 2.0 percent, 1.0 and 0.5 percent, respectively, if you’re on the Standard, Shopify or Advanced Shopify Pricing plans, but it’s actually a lot more cost-effective and move to the Shopify Payments platform. Yeah, you spend more per purchase, but you will quickly find that the market opportunities listed above will offset your costs. You’ll own your own eCommerce shop, you’ll be able to self-manage, no recurring hosting or network charges, award winning 24/7 service and 99.98 percent uptime and no server management charges. The Shopify pricing strategies are as follows.
Basic Shopify @ $29 per month
Ideal for start-up e-commerce firms. With the exception of Gift Cards, Technical Guides, Advanced Report Maker and Third-Party Measured Delivery, you get the vast majority of options and applications that allow you to view measured prices for your own account or third-party software at checkout. However, processing costs are marginally higher with each processing costing 2.2 percent + 20p per transaction.
Shopify @ $79 per month –
Ideal for existing e-commerce firms. You get 99 percent of the apps and functionality except the Advanced Report Maker, but if you’re already using Google Analytics, it won’t be a concern. Transaction costs are marginally smaller per contract, paying just 1.9 per cent + 20 per contract.
Advanced Shopify @ $299 per month –
Suitable for existing e-commerce firms. You’re getting 100 percent of the apps and functionality. Payment costs are just marginally smaller than transactions paying 1.6 percent + 20p per payment. The price arrangement is intended only for stores with an unusually high amount of monthly sales, as the payments are only slightly cheaper than the $79 a month bundle above.
Shopify Plus @ $2000 per month –
Suitable for major e-commerce firms. You’ll get 100 percent of the apps and services with an extra level of support, a few server side scripts that will help you to configure your checkout a little more, and you’ll get Shopify’s latest Business Automation platform named Flow that will deliver a lot more customized shopping experience. Transaction rates are the same for transactions costing 1.6 percent + 20p per transaction.
All and all, migration to Shopify will be an incredibly easy process if you choose the correct Shopify Partner. When done, you can reap the tremendous market and financial advantages Shopify has to offer.
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