Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Shopify was initially written in Ruby on Rails by Lütke.
He has said that “it took me about two weeks to build the first version of Shopify”. On July 13, 2010, Shopify launched an iPhone app called “Shopify POS”. It allowed merchants to access and manage their stores from iOS devices.
In June 2012, Shopify acquired Select Start Studios Inc., a mobile app development company based in Toronto. In August 2013, Shopify acquired Boltmade Inc., a web design and development company also based in Toronto.
The company has raised $122 million from its investors as of October 2014. In April 2015, Shopify acquired Jet Cooper, a design studio based in Toronto. On August 19th, 2015, Shopify announced their acquisition of Kit CRM (Customer Relationship Manager), an Ottawa-based startup that allows businesses to Send smarter emails, SMS messages, social media messages and push notifications from one central place..
So how much does Shopify take per sale?
Shopify charges merchants a 2.9% + $0.30 transaction fee for all online sales.
PRO TIP: If you are considering using Shopify to sell products online, be aware that the company charges a fee for each sale made through its platform. The fees vary depending on the country in which the sale is made, but in the UK, Shopify typically charges a 2.6% transaction fee plus 20p per order.
Conclusion:
Shopify is a great option for businesses wanting to sell online as it offers low transaction fees and a suite of services to simplify the process.
5 Related Question Answers Found
Shopify is one of the most popular eCommerce platforms in the world, and it’s no surprise that it’s also popular in the UK. Shopify has everything that UK businesses need to create a successful online store, including powerful features, a user-friendly interface, and support for multiple payment methods. Plus, with Shopify’s 14-day free trial, it’s easy to get started without any upfront costs.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants. ”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.
Shopify Payments is not currently available in the United Kingdom. Shopify is working on expanding Shopify Payments to more countries, but there is no timeline for when this will happen. In the meantime, Shopify recommends using a third-party payment provider such as PayPal or Stripe.
Shopify Capital is a financing program that gives eligible Shopify merchants access to quick and easy funding. The amount of funding that Shopify Capital provides varies depending on a number of factors, including the merchant’s sales history, the amount of time they have been in business, and the overall health of their business. However, Shopify Capital typically provides funding in the range of $2,000-$500,000.
