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. Lütke used the Ruby on Rails framework to build Snowdevil’s online store, and then launched Shopify in 2006 to make it easier for other businesses to sell online.
Shopify is a SaaS (software as a service) platform that provides users with an e-commerce website and hosting, as well as a payment gateway and shopping cart. Shopify offers three different plans: Basic Shopify, Shopify, and Advanced Shopify. Basic Shopify starts at $29/month, while Shopify and Advanced Shopify start at $79/month.
Shopify has been incredibly successful since its launch in 2006. In 2015, it was reported that Shopify had processed more than $14 billion in gross merchandise volume (GMV), making it the second largest e-commerce platform behind only Amazon.
While Shopify is certainly a powerful e-commerce platform, there are some drawbacks worth considering. First, because Shopify is a hosted solution, you don’t have full control over your data. Second, while Shopify’s transaction fees are fairly standard (2.9% + $0.30 per transaction), if you use a third-party payment gateway like PayPal or Stripe, you’ll be charged an additional 1% per transaction.
So does Shopify take your money? No more or less than any other e-commerce platform. However, because it’s a hosted solution with some limitations on data control, it’s important to weigh the pros and cons of using Shopify before making a decision.
Conclusion
In conclusion, does Shopify take your money?. We can say that No more or less than any other e-commerce platform.
First, Shopify is a subscription-based service. This means that you will need to pay a monthly fee to use their platform. The fees start at $29 per month, but can increase depending on the features and services you use.
Second, Shopify will also take a percentage of each sale you make. The fees vary depending on your plan, but start at 2% per sale. This means that if you are selling products for $100, Shopify will take $2.
Finally, it’s important to note that Shopify is not a get-rich-quick scheme. It will take time, effort, and dedication to build a successful business on their platform. If you’re not willing to put in the work, then Shopify is not the right platform for you.
