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. Snowdevil was unsuccessful, and Lütke, Weinand, and Lake abandoned the business after two months.
Shopify was then founded in 2006. The company reports that it has more than 377,500 merchants using its platform as of December 2020, with gross merchandise volume exceeding $41.1 billion USD.”
Shopify is popular among small businesses because it offers an all-in-one solution. This means that businesses do not need to invest in separate hosting, payment processing, or shopping cart software. Additionally, Shopify offers a wide range of features out of the box such as abandoned cart recovery, professional themes, and discount codes.
The biggest downside to using Shopify is that it is a closed platform. This means that businesses are reliant on Shopify for hosting their store as well as any future updates or changes.
Additionally, because Shopify is popular, it has become a Target for hackers. In 2020 alone, there were two major data breaches affecting over 100 stores on the platform.
So is Shopify worth paying? For businesses that are just starting out and do not have a large budget for upfront costs, then Shopify can be a good option. However, businesses should be aware of the risks associated with using a closed platform as well as the potential for increased costs down the line.”
“Is Shopify Worth Paying?”
Shopify is a popular eCommerce platform among small businesses because it offers an all-in-one solution which includes hosting, payment processing, and shopping cart software. Additionally, there are many features included such as abandoned cart recovery and professional themes.
However, there are some downsides to using Shopify including being a closed platform which can make businesses reliant on Shopify for updates or changes and being a Target for hackers due to its popularity. Overall,Shopify can be worth paying for businesses starting out with limited budgets but should be aware of potential risks before using the platform.
