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Can You Avoid Shopify Transaction Fees?

Last updated on October 1, 2022 @ 10:50 pm

Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. However, one of the downsides of using Shopify is that it charges transaction fees on all sales.

For businesses that are just starting out, transaction fees can be a significant expense. However, there are ways to minimize the impact of these fees.

One way to avoid transaction fees is to use a Shopify Payments account. With this account, businesses can accept credit card payments without paying any transaction fees. There are other benefits to using Shopify Payments as well, such as reduced credit card processing rates and access to Shopify’s fraud protection tools.

Another way to reduce the impact of transaction fees is to offer discounts or free shipping to customers who pay with cash or check. This can encourage customers to choose these payment methods, which will save you money on fees.

You can also use Shopify’s built-in tax settings to your advantage. By charging taxes on shipping and handling, you can reduce the overall cost of your transactions. And by offering tax-exempt purchases for certain items, you can further reduce your costs.

There are a few other things you can do to reduce the impact of Shopify’s transaction fees. For example, you can use third-party payment processors that don’t charge transaction fees. Or you can use Shopify’s POS system to process in-person sales without paying any fees at all.

In conclusion, there are several ways that businesses can avoid paying Shopify’s transaction fees. By using Shopify Payments, offering discounts for cash or check payments, and taking advantage of Shopify’s built-in tax settings, businesses can keep more of their hard-earned profits.

PRO TIP: If you are thinking about using Shopify to sell products online, be aware that there are transaction fees associated with each sale. These fees can add up, so it’s important to factor them into your pricing.
Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.