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, three entrepreneurs who wanted to create a platform that would allow them to open their own online snowboarding equipment store.
In 2009, Shopify launched its own App Store. In 2010, Shopify started its Build-A-Business competition, in which participants create an online store using Shopify’s platform in hopes of winning $50,000 in cash and prizes.
In 2012, Shopify acquired Select Start Studios Inc., a Toronto-based mobile app development studio. The following year, Shopify acquired Jet Cooper, a design studio based in Toronto.
In 2015, Shopify announced that it was going public on the New York Stock Exchange and would be trading under the symbol “SHOP”. The company raised $131 million in its IPO.
Today, Shopify has over 1 million active users and is used by businesses in over 175 countries.
What Is a Shopify Card?
A Shopify card is a credit or debit card that can be used to make purchases through the Shopify platform. There are two types of cards: physical cards and virtual cards.
Physical cards can be used at any retail location that accepts credit or debit cards. Virtual cards can only be used online.
How Does It Work?
When you sign up for a Shopify account, you will be given the option to apply for a physical or virtual card. If you choose to apply for a physical card, you will need to provide your name, address, and phone number.
You will also need to provide your credit or debit card information. Once your application is approved, you will receive your physical card in the mail.
If you choose to apply for a virtual card, you will be given a 16-digit card number and a 3-digit security code. You can use this information to make purchases through the Shopify platform. When making a purchase, you will need to enter your card number and security code at checkout.
What Are the Benefits of Using a Shopify Card?
There are several benefits of using a Shopify card:
- You can avoid high fees: When you use a credit or debit card through the Shopify platform, you will only be charged a 2.9% processing fee per transaction. This is much lower than the standard 3% processing fee that most credit cards charge.
- You can get rewards: Some Shopify cards offer rewards programs that allow you to earn points for every purchase that you make. These points can be redeemed for cash back or merchandise.
- You can build your credit: If you use yourShopify card responsibly and make all of your payments on time, you can build your credit score over time.
- You can get discounts:
Some Shopify merchants offer discounts when customers use their Shopify card
. This could lead to more sales for the merchant as customers may be more likely to purchase from them if they know they will receive a discount.
In conclusion, A shopfiy card is beneficial for both the customer and merchant as it offers discounts ,rewards and builds credit score.
