Shopify does not charge a transaction fee for using their platform.
However, you will likely incur transaction fees from your payment gateway, which is a separate service used to process payments. Here are some common payment gateways and their associated transaction fees:
- Shopify Payments: 2.9% + 30¢ per transaction (for US-based merchants)
- Stripe: 2.9% + 30¢ per transaction
- PayPal: 2.9% + 30¢ per transaction
It is important to note that these fees can vary depending on your location, payment method, and the specific plan you choose.
Example:
If you sell a product for $100 using Shopify Payments, you would pay:
- Transaction Fee: $2.90 + $0.30 = $3.20
- Net Amount Received: $100 - $3.20 = $96.80
Practical Insight:
While Shopify itself doesn't charge a transaction fee, it's crucial to consider the fees from your payment gateway when setting your prices. This will help you ensure that you are making a profit after covering all expenses.
