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Why does Shopify charge a % off each transaction... when they are not the payment proccessor or gateway or issuing bank or aggregator??

• xal 14y ago
  we don't. It's capped at $169 a month which is nothing given what Shopify does. There is a transaction charge on the lower plans but this may change.
  • BallinBige 14y ago
    Hi Xal, I'm on your site right now and it says you charge a transaction fee. http://imgur.com/eXbZp http://imgur.com/eXbZp - So essentially I'm getting dinged ~2.9% from Stripe and another 2% + software fees from Shopify... effective transaction fee ~5%. Cant wait till internet tax + state tax takes effect. :)
    • jordanthoms 14y ago
      That's what he said - there is a transaction fee on the lower plans, but when you reach $179 it'd be cheaper to upgrade to the unlimited plan which has no transaction fee.
    • dandelany 14y ago
      His point is that you make it seem like there is no choice but to pay a fee. As your own screenshot shows, this is not the case, the premium plan offered for $179/mo charges no transaction fee. The cheaper ones do because, duh, they have to pay their bills one way or the other. The exercise is left to the reader as to which plan makes the most sense economically for your company based on the amount of business you're doing. But you're guaranteed to never be paying more than $179/mo in transaction fees unless you suck at picking the right plan (and I assume they're easy to switch between).