How Much Does the Shopify Yearly Plan Cost?
By Sam Nguyen
Do you want to know the cost of running your online store with Shopify? Dive into Shopify’s yearly plan to explore each plan’s annual pricing and features!”
Key Takeaways
- Shopify has three main pricing plans (Basic, Shopify, and Shopify Advanced) tailored to different business sizes, ranging from $39 to $399 monthly.
- Despite recent adjustments in pricing and credit card processing rates, Shopify remains our top pick for online store platforms thanks to its intuitive tools and wide range of payment options.
- Furthermore, Shopify incurs extra charges such as credit card processing fees, themes & design, domain registration, Shopify Point-of-Sale (POS), and currency conversion fees.
How Much Does the Shopify Yearly Plan Cost? A Detailed Comparison
This table breaks down into five pricing plans regarding their costs to meet store owner’s requirements and needs:
| Starter | Basic | Shopify | Shopify Advanced | Shopify Plus | |
| Monthly Cost | 5$ | 39$ | 105$ | 399$ | +2000$ |
| Paid Annually | None | 29$ | 79$ | 299$ | +2000$ |
| Yearly Savings | None | 25% | None | ||
| Transaction Fees (using a third-party payment provider) | 5% | 2% | 1% | 0.5% | 0.15 – 0.3% |
| POS | $0 and $2,000 | ||||
| Domain Name | $0 – $37 | ||||
| Apps | $0 – $300 | ||||
| Email Hosting | 10,000 free emails, after which it costs $1 | ||||
| Themes | $170 to $360 | ||||
| Currency Conversion | 1.5% in the US. 2% in all other countries and regions with Shopify Payments | ||||
| Best For | Selling on social media – limited features, optimized for mobile | Small businesses or storefronts for existing ones | Larger businesses – more robust tools such as gift cards and cart recovery | Companies – low transaction rates and priority shipping | Enterprise selling for corporations |
Shopify Pricing Yearly Plans: Our Reviewed Experts
Depending on what type of business you run, these are the pricing plans you should go for:
Shopify Starter
Shopify Starter plan is a lightweight way to launch a business or test the idea of a sale without spending too much time or startup capital on building a store in minutes. This plan is best for selling products via social media, email, SMS, and anywhere else merchants want to share a link to a product.
The plan costs just $5 monthly, and transaction fees are only 5% when you use Shopify Payments.
Note: You should try Shopify free for 3 days (no credit card required), then enjoy 1 $/month for 3 months.
See more: Shopify Free Trial 2024: Unlock 33 Days on Shopify for $1
Shopify Basic
Shopify Basic is ideal for small businesses just starting out on their online sales adventure for $29, paid annually. With the plan, you can create and customize an online store to showcase your products. Plus, you flexibly manage all your products, orders, and customer information from your Shopify admin.
You will be charged 2.9% + 30c per transaction if a purchase is made online and 2.7% + 0c if a purchase using the Shopify POS card reader and a mobile device.
Shopify
Designed for small businesses, this plan enhances the offerings of the Starter and Basic tiers. It accommodates up to five staff accounts and introduces the option to issue gift cards. To support business growth, it provides advanced features like country-specific domains and currency conversion capabilities.
The Shopify Plan offers advanced features for $105 monthly or $79 monthly for an annual subscription. For online transactions, there’s a fee of 2.6% + 30¢ USD online per online purchase and 2.5% + 0¢ USD in person.
Shopify Advanced
The Shopify Advanced Plan, tailored for global sellers and expanding businesses, offers premium tools for growth. At $399 monthly or $299 when billed annually, it boasts competitive credit card rates.
Online transactions are charged a fee of 2.4% plus 30¢ USD, whereas in-person transactions only have a 2.4% fee with no additional costs. This makes it an optimal choice for businesses aspiring to scale globally.
Shopify Plus
The Shopify Plus Plan caters to high-volume retailers and large-scale businesses. Starting at $2,000 per month, its custom pricing addresses the unique needs of enterprises.
The plan offers variable credit card rates tailored to each business’s specific volume and requirements.
Additional Cost For Launching A Shopify Store
Shopify’s pricing is generally straightforward, yet, as always, consider some additional expenses and minor technical details.
Credit Card Rates
Shopify charges a small fee for using major credit cards like Visa and Mastercard in your store. You won’t pay extra fees to the credit card companies themselves. The fees can change depending on whether you sell things online or in a physical store because online payments have different risks.
The cost of using credit cards depends on your Shopify plan.
- Shopify Starter: For online purchases (like those made via a Shopify Buy button), the charge is 2.9% + 30c. For transactions using Shopify’s card reader with a mobile device, it’s 2.7% + 0c fee.
- Shopify Basic: 2.9% + 30c per transaction if a purchase is made online and 2.7% + 0c if a purchase using the Shopify POS card reader and a mobile device.
- Shopify: Online credit card transactions come with a rate of 2.6% + 30¢ USD online per online purchase and 2.5% + 0¢ USD in person.
- Shopify Advanced: 2.4% + 30c for online transactions, and 2.4% + 0c for point-of-sale ones.
- Shopify Plus: Credit card rates differ across countries. For the latest rates in your area, contact a Shopify Plus representative.
Domain Name
Each Shopify plan includes a free myshopify.com domain, ensuring all merchants have a primary web address for the online store.
Shopify lets you buy a custom domain for $13 – 30, valid for a year and retained even if you leave their platform. You can also link an existing domain from another provider. Beyond just domain registration and privacy, Shopify offers added domain services worth considering:
- DNS management
- Domain forwarding
- Email forwarding
- SSL certificates
Shopify Point-of-Sale (POS)
Shopify POS is a powerful and versatile point-of-sale system that allows businesses to sell their products in person, online, and on mobile devices.
Typically, the upfront cost of a POS system is between $0 and $2,000, covering hardware, software, and setup. Annually, based on your business size, locations, add-ons, and sale volume, you could spend $500 to $1000 for its use.
Apps
Shopify offers a wide range of apps, including free and paid versions. While some apps need a monthly fee, one-time payment, or usage-based charge, most Shopify-made apps are free, helping merchants boost their store without added costs.
Themes
Shopify might not be famous for making stunning websites (for that, Squarespace is a good option), but it’s excellent for creating neat and user-friendly online stores.
However, there’s a catch. Shopify only gives you 163 themes, twelve of which are free of charge. Whether free or paid at between $150 and $360, these themes come with an array of features to enhance your store’s functionality and appearance.
Email Hosting
Shopify doesn’t offer email hosting. If you have a custom domain through Shopify and want to send emails from your custom domain email address, you’ll need to use an outside email hosting service.
To do this, you can choose from these third-party email hosting options:
- Zoho Mail: Zoho Mail offers email accounts for your custom domain. For example, if your domain is “example.com,” you can easily set up an email address like “[email protected].”
- Google Workspace: Google Workspace connects to Gmail, allowing you to use your custom domain for emails. For a domain like “yourbusiness.com,” you easily create emails like “[email protected].”
Currency Conversion Fee
When you accept payment in a different currency than your usual one, a currency conversion occurs. The amount you receive in the customer’s currency changes to your local payout currency.
- 1.5% in the US
- 2% in all other countries and regions with Shopify Payments
After the currency conversion fee has been calculated, it’s included in your customer’s price to offset your costs.
In Conclusion
We hope this review of the Shopify yearly plan has helped you feel more confident about understanding exactly how much it costs to use Shopify monthly.
Shopify Yearly Plan: FAQs
