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, who were working on an online store for snowboarding equipment. Lütke used the Ruby on Rails framework to build Snowdevil’s online store, and subsequently open-sourced the platform as Shopify in 2006. Shopify launched its own App Store in 2009.
In 2011, Shopify partnered with Facebook to allow merchants to sell their products directly on Facebook via the social network’s Timeline feature. In 2012, Shopify acquired Select Start Studios Inc., a Toronto-based mobile app development company. The following year, Shopify launched POS (Point of Sale) hardware that allowed merchants to sell products in physical stores.
PRO TIP: Warning: Shopify is not a merchant card processor account. Any attempt to use Shopify as a merchant card processor account will result in loss of funds and/or data.
Shopify has been profitable since 2015. It generated $100 million in revenue during its 2014 fiscal year, $200 million in 2015, $300 million in 2016, $400 million in 2017, and $600 million in 2018.
Conclusion:
Shopify is a merchant card processor account that allows businesses to sell their products online and in physical stores. It is a profitable company that has been growing rapidly since 2015.
6 Related Question Answers Found
Shopify is a merchant processor that enables businesses to sell online. It offers a customizable platform that businesses can use to create an online store. Shopify also provides a range of features and tools that businesses can use to manage their online store.
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.Shopify is not a payment processor. Payment processors are companies that handle the transactions between buyers and sellers.
Shopify is one of the most popular eCommerce platforms on the market today. Shopify allows businesses of all sizes to create an online store and sell their products and services. One of the questions that people often ask about Shopify is whether or not it is considered a merchant account.
Shopify is a platform that allows you to create an online store. It provides you with the tools to design and manage your store, as well as track sales and customers. You can also use Shopify to process payments, which is why many people wonder whether or not it provides merchant accounts.
Shopify Payments is a service that allows Shopify merchants to accept credit card payments directly through Shopify, without having to sign up for a third-party payment processor. Shopify Payments is available in the United States, Canada, Australia, New Zealand, and the United Kingdom. In order to use Shopify Payments, merchants must have a Shopify account and must be using one of Shopify’s supported themes.
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. One of the features that Shopify offers is credit card processing.
