Shopify is a platform for businesses of all sizes to create an online store. Shopify offers users a customizable platform, an easy-to-use checkout process, and a wide range of features.
While Shopify is a great platform for businesses, there are some drawbacks. One of the biggest drawbacks is that Shopify takes a transaction fee.
Transaction fees are fees that are charged when an order is processed. For businesses that have a high volume of sales, transaction fees can add up quickly.
For example, if a business sells $10,000 worth of products in one month, and Shopify charges a 2% transaction fee, the business would have to pay $200 in fees. That’s a significant amount of money that could be used to invest in other areas of the business.
While Shopify does charge transaction fees, there are some ways to avoid them. One way is to use Shopify’s payment gateway, which is known as Shopify Payments.
With Shopify Payments, businesses can avoid paying transaction fees altogether. Another way to avoid paying transaction fees is to use a third-party payment processor such as PayPal or Stripe. While using a third-party payment processor will still result in paying transaction fees, they are often lower than what Shopify charges.
Overall, yes, Shopify does take a transaction fee. However, there are ways to avoid paying this fee. By using Shopify Payments or a third-party payment processor, businesses can keep more of their hard-earned money.
