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Does Shopify Cost Money?

Paige Harris Jun 30, 2022 12:54:00 PM

Shopify offers a 14-day free trial, followed by a paid subscription-based service. In this article, we'll take a look at the three pricing plans offered by Shopify and what they entail.

We'll also dive into some of the other costs associated with running a shop on the platform, such as transaction fees and the costs associated with privacy elements, such as Shopify cookie consent banners.

What Pricing Plans Does Shopify Offer?

Shopify has three pricing plans: Basic Shopify, Shopify, and Advanced Shopify. It's important to choose the right plan for your business needs so you don't end up overspending.

Basic Shopify starts at $29 per month–this plan gives you access to the essential features needed to run a shop on the platform. These include:

  • Unlimited products
  • Two staff accounts
  • A blog
  • A domain name 
  • 24/7 support

Shopify starts at $79 per month and gives you access to more features and tools than the Basic Shopify plan. With this plan, you'll get:

  • Unlimited products
  • Five staff accounts
  • Professional reports
  • Gift cards
  • Abandoned cart recovery

Finally, the Advanced Shopify plan starts at $299 per month and gives you access to the most powerful features and tools that Shopify has to offer. These include:

  • Unlimited products
  • 15 staff accounts
  • An advanced report builder
  • Third-party calculated shipping rates
  • Custom pricing by market

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In addition to these three plans, Shopify also offers Shopify Plus, which is an enterprise level solution for high-volume businesses. With Shopify Plus, you'll get all of the features and tools offered in the Advanced Shopify plan, in addition to:

  • Automated workflows
  • Third-party software integration
  • International currency support
  • Management ability for multiple stores at once

Shopify Plus starts at $2000 a month, which may increase depending on your specific needs–for an exact quote, shop owners should contact Shopify’s sales team.

Businesses just starting out may want to consider Shopify Light, the cheapest Shopify plan available, costing $9 a month. This won’t get you a standalone Shopify store, but will allow you to sell your products on existing platforms by providing a specific "buy" button.

How to Save Money on Shopify Plans

One good way to save money on Shopify plans is to pay annually rather than per month–if you pay annually, you'll get the same plan at a 10% discount.

What's more, if you opt for a bi-annual pricing model, you get a 25% discount, and if you pay via a three-year plan, you get a 30% discount. However, it's not a good idea to opt for a bi-annual or three-year plan for newer businesses or businesses with lower levels of revenue.

What Other Costs Are Associated With Running a Shopify Store?

Besides the monthly subscription fees, there are other costs associated with using Shopify.

For example, if you want to use a custom domain for your shop, you'll need to buy one from a domain registrar like GoDaddy or Namecheap. Domain names usually cost around $10 to $20 per month, but this can vary.

You can also purchase a custom domain from within Shopify, or you can opt for a free myshopify.com domain, which all Shopify customers are automatically given.

You'll also need to pay transaction fees for each sale you make. For orders processed with Shopify Payments, the transaction fee for online credit cards is:

  • 2.9% plus $0.30 per sale on Basic Shopify
  • 2.6% plus $0.30 per sale on Shopify
  • 2.4% plus $0.30 per sale on Advance Shopify

For orders processed with a third-party payment gateway, the transaction fee is a flat 2% on Basic Shopify, 1% on Shopify, and 0.5% on Advanced Shopify.

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It's also important to invest in privacy elements for your ecommerce store, so you can build trust among your customers and avoid legality issues. This includes things like a privacy policy, terms of service, and cookie banner, among others.

The cost of privacy elements varies depending on the service provider and privacy features you choose. For example, Enzuzo’s pricing plans start at $9/month.

Finally, it may cost you money to obtain an LLC and business license for your store–check out our post on when and why you need an LLC for Shopify for further insight.

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