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Why would any one use Shopify 20% instead of 3 -4 % of stripe? Sounds like Shopify is total rip off.
by deepstack 6y ago
Why would any one use Shopify 20% instead of 3 -4 % of stripe? Sounds like Shopify is total rip off.
- acjacobson 6y agoI think the 20% is the fee for Shopify as a whole, not the payment processing fee. Since payment processing is a small portion of what they offer at Shopify its not an apples to apples comparison with Stripe.
- mehphp 6y agoYeah it sucks, I just think of it as the marketing fee. I have done literally zero marketing other than put my app on their store and it has been selling for 6 years now. As of now, the app pays for the mortgage, car payment and then some so I can't complain too much I guess.
- tgtweak 6y agoThere is some confusion. This is revshare of what the shopify partner bills the shopify store owner. It's identical to apple charging developers a revshare of payments billed through the app store. Not saying it's good here, just clarifying that it's not card processing fees, it's platform fees + billing fees.
- imafish 6y agoShopify does provide other qualities for the 20%: - Seamless integration with the merchant billing system. I.e. free trial(s) are credit card up-front automatically, with zero friction for the user. - "Free" marketing in the App Store. - Access to paid advertising in the App Store. Good partner support is just not one of them :)