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What Is the Transaction Fee on Shopify For?

Last updated on October 1, 2022 @ 8:44 pm

When you make a purchase through Shopify, the company charges a transaction fee. This fee is based on the total amount of the sale, and it is generally about 2% of the total. For example, if you sell a product for $100, Shopify will charge a $2 transaction fee.

The transaction fee is how Shopify makes money. The company does not charge any other fees, so this is the only way that it generates revenue.

PRO TIP: If you are planning on using Shopify to sell items online, be aware that there is a transaction fee for each sale that is processed through the platform. This fee is typically 2% of the total sale price, but may be higher for certain types of transactions. Be sure to factor this fee into your pricing strategy to avoid any surprises down the road.

Shopify is a very popular platform for ecommerce businesses, and it is used by many small businesses and entrepreneurs. The company has a good reputation, and it is known for being easy to use and having good customer support.

The transaction fee is not negotiable, and it is non-refundable. This means that even if you refund a purchase, Shopify will still keep the transaction fee.

Overall, the transaction fee on Shopify is fair and reasonable. It is not the cheapest option out there, but it is still a good value for what you get. And, most importantly, it is easy to use and has good customer support.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.