shopify commission fee
Published on: February 2 2023 by pipiads
Table of Contents About shopify commission fee
- Shopify Affiliate Program 2022 (New Platform, Sign Up, & Commission Info)
- Shopify Affiliate Program Commission Details (Explained)
- Taxes for Shopify Store Owners
- THE BEST WAY To Track Profit & Expenses With Shopify & Co.!
- ✅ Shopify 3 Months For $1 🔥 How To Register For Shopify $1 Dollar Offer & Free Trial [2023]
- Shopify vs Stripe - Which One Is Better?
Shopify Affiliate Program 2022 (New Platform, Sign Up, & Commission Info)
calling all affiliate marketers. shopify is a huge platform and their affiliate program has just changed. let's tok about it. so, first and foremost, i want to kind of walk you through what they have in terms of how you can apply, getting started, and, of course, i'm going to go through the commission change and what it means for you. says: create new entrepreneurs, earn more than just commissions, grow your brand with shopify, access exclusive opportunities and earn a commission through our referral program. become a shopify affiliate. now, they don't have a whole lot of information when it comes to this, but what i do want to let you know is that they've actually moved over to impact. that's going to be where all the stats are. that's where you can see if you've made any actions, like a trial, and, of course, if that trial has converted into a paid conversion, because that's where the the best of the commission aspect is going to be. i'll tok about that more in a sec. tok some from some of their affiliates. so it has some of the faqs. i'm going to answer these. what is the affiliate program? it includes entrepreneurs, educators, influencers and content creators who inspire and teach their audience about entrepreneurship with shopify. the program is free to join, which is good and allows you to monetize your audience and earn commissions from each new shopify merchant referral. uh, what requirements do you need to apply if the own and run an active website? have an established audience, create original content such as online courses, seminars, blog posts or videos, have an experience with shopify or other ecommerce platforms. and you have to read and, of course, agree to the shopify partner program agreements. uh, however, i know if it's accepted, our team will carefully review your application. in most cases, applications to the affiliate program are processed within 15 days. how a referral is tracked? so, once you're accepted to the affiliate program, you will receive unique reference handling your affiliate link and tracking all the referrals, and so on and so forth. once again, that's going to be done in the impact. what is the commission structure? ironically enough, it doesn't say specifically, but i took a screenshot of the inside of impact which i'll show you soon. since you're eligible to receive a commission for merchants that you refer to a paid shopify plan through your affiliate link. there is no maximum number of merchants you can refer and we want to earn as much as possible. how does payment work? that's going to be through impact, and so on and so forth. so, first and foremost, i want to tok to you before what it used to be. it used to be a 200 percent. so what do i mean by that? if someone bought the 29 per month plan, you get paid 29 in one month and then, like the month after, you get paid 29 again, so pretty much you would double whatever they signed up for. so instead of that they've actually moved to. just any time a trial moves over to a paid plan, you're just going to get a one-time payment of a hundred dollars. now this is going to be so much better. if you've been an affiliate in the past and say you were promoting shopify and you found that most people were getting basic- which i've seen in my experience, because, if you think about it, a lot of people who are just getting started are mostly gonna go for the basic plan, especially for the fact that if there don't have a ton of sales, they don't have a ton of traffic, they don't need all the bells and whistles- it makes sense to do that. so, given the fact most people are going to be on basic, that's going to be around. was that 58 you would get per customer. now that's going up to a hundred, okay. so here is the screenshot i took for you. so, first and foremost, there's going to be the free trial, api. so whenever someone clicks on your link and they get started with a free trial, it's going to show up as an action in your account for impact and, of course, if they transition on over and they get a paid plan, regardless of what it's going to be, it's going to be a hundred dollars one time, okay. so that's going to be the really big difference. i think that's an overall upgrade, like i toked about, because there's going to be so many more people who just go for the basics starting off, as opposed to someone getting like one of the huge accounts up and running. unless you're the type of person who's looking just for individuals, those types of accounts, then, yes, it's not going to be as good, but overall i think it's a big improvement. you get a 100 one time and that's going to be the commission change. keep in mind i'm recording this. you know when this video releases, this can always change. you know they they might do something different, but that's going to be like pretty much the big overview in terms of the switch being paid: the 200 percent based upon the plan that they sign up for, as opposed to just paying you 100 one time. so that's all the details i toked about when it comes to the pricing, what it used to be, the commission change and, of course, how you can sign up. i'll leave a link down below where you can apply and, like i said, they're going to be on impact now. they used to have their own platform within shopify, but they've changed that as well. thank you so much for watching. i hope you got some value out of this and it answered a lot of the questions when it comes to the shopify newer affiliate program. that's about it. thanks again for watching and i'll tok to you soon.
Shopify Affiliate Program Commission Details (Explained)
if you're looking for offers to promote as an affiliate, then the shopify affiliate program is one that you just might want to look into. create new entrepreneurs earn more than just commissions. so, ironically enough, the shopify page doesn't tok a whole lot about what's in it for you. however, the questions at the end is a good section, so i'm going to answer those, or read those, answer those and, of course, tok about what you can make in terms of the commissions. scroll down a little bit more some of the affiliates. like i said, there's not a whole lot going on here, so allow me to read this to you and then i'll tok about what you can make as commissions. the shopify affiliate program includes entrepreneurs, educators, influencers and content creators who inspire and teach the audience about entrepreneurship with shopify. it's free to join and allows you to monetize your audience and earn commissions from each new shopify merchant referral. what requirements do i need to apply? you must own and run an active website, have an established audience, create original content, such as online courses, seminars, blog posts or videos, have an experience with shopify or other e-commerce platforms, and have read and agreed to the shopify partner program agreement. how will you know if your application is accepted, our team will carefully review your application and in most cases, applications to the shopify affiliate program are processed within 15 days. for denials, they say due to high volume of submissions, they don't have feedback on that. this is where i tok about what is the commission structure? it's it's very vague, but i'll get to it. you're eligible to receive a commission for merchants that you refer to a paid shopify plan through your affiliate link. there is no maximum number of merchants you can refer and we want you to earn as much as possible. that's great, but it doesn't really tell you what's in it for you. so i'm going to go ahead and do that, because it's kind of vague. here are the pricing plans when it comes to shopify: basic is going to be 29 a month. shopify is going to be 79 a month. in advance is going to be 299 dollars per month. to make things as easy as possible, you get two times whatever one of the monthly payments are. so in case you don't want to do math, i did it for you. okay, so basic, you end up earning 58, assuming they don't cancel, they continue on. there's no refunds, okay, so like, one month you'd get paid 29 and then the next month, you would get paid another 20 for a total of 58. same thing when it comes to shopify plan, except in total it would be 79 one month, 79 the next month and that grand total would be 158, which isn't all that bad. and then, of course, advanced. you're probably not going to get as many of these as a lot of people from my you know. testing and referring are usually on basic and then some you get shopify. but advanced is going to be 299 a month and when you look at that, if someone actually goes through and uses it one month, you're getting 299. next month you're getting 299 for a total of 598. so overall, not too bad. you know, if i could have a perfect world, i'd probably rather get like a recurring percentage, even if it was like 30 percent of every single month, but that's not the way it is. this is still pretty good uh commissions in terms of an affiliate, especially when you consider the fact that shopify comes with a free trial. as it says right here: try shopify free for 14 days and they don't even need a card. so what that means is that a lot of people who you know get their free trial and do sign up. they already have experience with shopify. they've gotten to use it, test it out, make sure they like it, because if they didn't, you know they probably just wouldn't use it. so the people who do end up putting in their information and getting a paid plan. they usually stik around, so you're most likely going to get your- uh, you know your- commission for the two times the monthly. not saying it's always going to be that way, but that's the cool thing about it. people do get to test it out with no card and i really like that, especially as someone who you know recommends offers and uses offers. it's always great to give a test drive to something, so that's something you can keep in mind as an affiliate if you choose to promote shopify. but some of those are some of the big details when it comes to the shopify affiliate program. their backend office is really good, especially when it comes to creating tracking links. they have a lot of different resources for like sub ids and campaign names and so on and so forth. plus, you get to see a graph of your trials, the amount you've made, and so on and so forth. either way, it's a recommended affiliate program and that's about it. any questions, feel free to leave a comment down below. if you like videos like this, feel free to subscribe and i will tok to you soon.
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Taxes for Shopify Store Owners
taxes. they are not fun, but they are a very important part of e-commerce because you need to be collecting sales tax for different orders and you'll also have taxes that you need to pay to your own government. so in this video, we are going to go over the different taxes for small businesses and how to make sure that you are staying within the law for all of that and paying on time, okay? so since we are toking about taxes, let's start out with a huge disclaimer for this video: that i am not a tax accountant. i am not a cpa. i have no certification for toking about taxes. i am just toking as an e-commerce entrepreneur and a small business owner myself, and i've been paying taxes for over 11 years for my small business. so i'm toking from my perspective here. so make sure that you still contact a tax accountant in your area and you verify everything with them to make sure that everything is set up correctly and that you are paying your taxes correctly, okay? so now that that's out of the way, i want to tok about the different types of taxes that you have to pay whenever you're doing an e-commerce store. so, first off, you do have sales tax that you need to collect, and this is going to be depending on where your location is and what country. so i'm going to have this video toking specifically about the us, so it's going to be different depending on the country that you're in or that you're selling in. however, in the us, you need to be collecting sales tax anytime you have a physical location in a state. so that could be that your office is in one state and your fulfillment center is in another state. you would need to be collecting sales tax in both of those states because you then tiknically have a physical presence in both states. you also have to do sales tax collections based off of an economic nexus, so there are different requirements for different states based on if you have so many transactions in a state or if you have a certain dollar amount that you have sold online in the state. so this can get a little bit confusing. so we'll go over the best way to do that in just a minute. but this is a newer tax thing that has been added in the last few years that you want to make sure, if you're doing a higher volume of e-commerce sales online, that you're being really mindful of. so, first off, when you're setting up charging sales tax by a physical store location. you can do this inside of the shopify backend, so you would just go to settings and then taxes and you can add in your tax location there. so you would add in your zip code, so it'll add in the correct tax information based on the state that your physical location is in. so this is an important one to make sure that you have set up so that it's just calculating taxes overall based on the physical location. but, as i mentioned before, you also need to keep in mind the economic nexus. so this is different for each individual state, which can be a little frustrating since the us has so many states to keep up with and shopify really isn't set up for going through and keeping track of all this information. plus, shopify does not file any taxes for you, it's just charging the customer and it is on you and your responsibility to make sure that you are setting aside that money for taxes and paying that correctly to each individual state. so for this i really recommend a third-party app called tax jar. so tax jar lets you actually see the economic nexus so you can see how much you are getting close to that of needing to collect sales tax in partikular states, so it'll keep track of how many transactions you've had in a state, how much revenue you've brought in in a state, so it's really helpful for keeping track of all of that information so that you don't have to have a huge spreadsheet that you're constantly updating with every new order. also, with the tax share app, they do automatikally file taxes for you once you've got that set up. so, once you have registered that you need to file sales tax in a state, you can then put all that information into tax jar and get that set up. so it's a lot easier for you, especially if you end up having to file taxes in a lot of states based on your online orders and revenue. so i definitely recommend taking a look at tax jar if you are expecting a high volume of orders and you are expecting to have more things that you're qualifying for in terms of different states that you're needing to pay taxes on. i'll put a link to it in the description below, but definitely an app to check out. so that's just the sales tax portion of it all, though you, as an individual, will have to pay taxes on any income that you have received from your business, so this is going to depend a lot based on how you have your business set up. if you are set up as a sole proprietor, so as an individual, if you are an llc, a single member, llc, an, s, corp, a, c corp- however you have set up your business entity, that really depends on how the taxes that you are having to pay are structured out. so i'm not going to get into all of that again. make sure to reach out to a tax accountant and make sure that you're paying the correct taxes for you. but overall, you need to pay taxes on any income that you have received from the business. so you can write off things like expenses, so your cost of goods, of any kind of cost of actually shipping out the or fulfilling the product itself, of the shipping cost, any marketing costs like paid advertising or if you've hired independent contractors to do designs for you, you can deduct all of those as expenses from the business account and you don't have to pay any taxes on that income. that is. there also any income that you leave inside of the business for future months of running expenses. you don't have to pay any income tax on that as well. it's just the money that you're taking out personally as profit from the business and again, that does vary really wildly based on the entity structure that you have set up for your business. so, overall, you just want to make sure that you are reaching out to a tax professional in your area and that you have everything set up. the last thing that you want is to be hit with a huge tax bill that you weren't expecting and you don't have the money set aside for that. one's gonna hurt really bad and it's going to hamper your business growth if you're then having to take additional money from the business or from your own personal accounts to pay off taxes that you hadn't prepared to pay for. so you want to just make sure that you're thinking ahead and setting aside whatever money that you're collecting for taxes- whether it be sales tax or income tax- that you're going to pay personally. so i hope this video was helpful for you in deciphering a little bit more about the different taxes that you have to pay for a small business and for e-commerce stores. we've got a couple more videos over here all about growth strategies, so how to actually grow your shopify store for 2021, and if you haven't yet subscribed to this channel, make sure to hit that subscribe button below. we post videos every week all about shopify and how to grow your online store.
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THE BEST WAY To Track Profit & Expenses With Shopify & Co.!
i'm gonna show you the best, easiest and probably most convenient way to track profits and expenses with your e-commerce brand. honestly, staying on track with your business finances is one of the most important things when starting a new business. for instance, today meister has made 650 so far, but it's still early and i'm expecting sales to be between 1500 and 2500 by the end of the day. however, not everything is profit, because there are so many expenses that will be deducted from this amount. i'm sure you can relate to this, but not losing the overview of all of these expenses is quite challenging, because there's so many of them. their ad spend costs from probably different sources, such as facebook ads, tiktok ads, google ads. then they are the cost of goods and fulfillment fees, and maybe you ship to different countries and have different shipping rates. there are shopify processing fees and, of course, they are all of your shopify app subscriptions and your shopify plan. so it's kind of tricky to stay on track with all these expenses, because knowing your data at all times will help you make data-driven decisions and to make sure that your profits are being optimized. the problem is that there's not really an efficient or really effective way to do this with your e-commerce platform. i mean, of course, you can create excellent spreadsheets and that all of your expenses and your profits on a daily basis. but, to be honest, i don't really want to do this because this is quite time consuming and, honestly, i think you and me should put most of your focus and effort into growing your ecommerce business. so let me hop on my computer and show you exactly what's the most convenient and also best way to keep track of your expenses and profits back at my computer. the first thing i want you guys to do is go to the shopify app store and download the be profit app. the full name of the app is be profit- profit analytiks and, as you can see, it gets a bunch of good reviews and it almost has a perfect rating. great thing about this app is that you can just charge start. there was a sale- sorry guys, the sale got me interrupted- but the great thing is that you can just start with a seven day free trial, so you won't get charged in the first seven days. before we dive into the setup of the be profit app, let me give you a quick overview of the be profit dash right fee. in the top we have the most important metrics. we have ad spend, sales rows and orders. all the data that you can see are from august 18th until september 18th, but of course, you can customize the dates in any way you want. i really like the profit trends chart that you won't be able to see in your regular shopify analytiks, because it tells you how your profits, sales and costs develop over time and also how they correlate with each other, and this is really insightful to see, because more sales doesn't necessarily mean more profits. in the next overview, you can track your store's metrics and your performance. this overview is customizable in any way you want. and, by the way, these are not my numbers. i think these are pretty much random numbers, because transaction fees are seventy thousand set, total sales are 70 000, so take these numbers too seriously. and the next section has a profit and expenses breakdown, and i think this is really self-explanatory. in addition, there's a product breakdown with all of the products in your store and you can easily compare and check the performance of each product. and then we get an order strength for your story. and last but not least, my favorite shot: the marketing chart. this chart indicates your ad spend on different marketing platforms, such as facebook, google or snapchat, but it also gives you information about the rowers, which i really like. what i love about it is that it's so easy to compare the return on ad spend of your different marketing platform, which is simply amazing if you're trying to evaluate the performance of your marketing means. when you open b profit for the first time, it's gonna look like this, as you can see in the top menu. there are all of these different sections where we're gonna add all of our expenses. we're gonna add our ad spent or fixing our variable costs, questions, your inventory, shipping costs, cost of goods and processing fees. overall, this process is designed extremely user-friendly, but let me walk you through the process real quick. at first, be profit is going to ask you which e-commerce platform you're using, and obviously in my case, it's shopify, but be profit also works with any other major e-commerce platform, such as woocommerce, wix and many more. then you have the option to add your expenses. you either have fixed expenses or variable expenses. examples for fixed expenses would be your shopify plan that you get charged monthly, or subscription to other shopify apps. variable expenses are, for instance, influencers that you are working with one or two times, but not on a monthly basis. in the shipping section, you can add your shipping costs. if you are working with a shipping provider, you can simply click on manage shipping providers and select the shipping provider that you're using and, as a result, your shipping cost will be integrated automatikally. so it's extremely convenient, i think. now let's move over to the biggest expenses, the ad costs, and, honestly, like every time i look at my ad spend, it really hurts my heart, and the great thing here is that you can simply select the ad platform that you're using- for instance, facebook, bing or tiktok- and your ad spend will be automatikally synchronized with be profit. so you don't have to type in any data menu, and i think most of us are using facebook ads, tiktok ads and eventually also google ads and, as you can see, all the major platforms are listed here. what a lot of people are actually forgetting about a processing fees from shopify and also paypal. as you can see here, processing fees from paypal and also shopify are synchronized automatikally. in case you're using any external payment gateway, you can just add the percentage right here in this box. and, last but not least, you have your production cost, your product costs, and you can simply add the cost of goods right here. that's all ready for the setup process. it's super easy, as you can see, because all the data are transmitted automatikally, and it's so much better and so much more convenient than creating excellent spreadsheets that you have to update on a daily basis. as you can see, on december 10th my store made sales of around nineteen hundred dollars. cost of goods were 880, ad spend was 372. that leaves me with a net profit of 1029 dollars. the next day, things didn't went as good as on the previous day because total sales were only 549 dollars. i don't know what went wrong there, but you have good and bad days. that's just how it is with e-commerce. but even after deducting all expenses, i was still able to walk away with a net profit of sixty one dollars. and today, december 12, so far sales at thirteen hundred dollars. ad spender said 350 and so far the total profit is 610. as you can see, with this platform it's just so easy to keep track of your expenses and also of your profits. just have a look on your dashboard and you know exactly ways. as you can see in the graph, ad spend is kept quite general, so the software doesn't really differentiate between facebook ads or google ad spend. however, if you're working with multiple ad platforms, such as google ads, facebook ads or tiktok ads, i can really recommend you to get you the ultimate plan, because then you can just click on marketing, because here you can allocate a specific ad platform to its expenses and its profit, so you can compare your different ad platforms that you're using and see which one makes you the most money. this is extremely easy to do, so you just hit ad spend here, then you select the matching platform. in my case that's facebook. right here on the add entity, there's this drop down menu and you can select an ad platform, but you can also select a campaign, an asse.
✅ Shopify 3 Months For $1 🔥 How To Register For Shopify $1 Dollar Offer & Free Trial [2023]
Shopify free trial: three months for one dollar of Shopify. so, yes, you can tell by the video title and tell by everything in today's video that I'm going to be showing you how you can get the Shopify free monster Shopify for only one dollar. so you basically pay one dollar a month for three months of Shopify, which is an insane deal, and I had to make a video for you guys on this new update Shopify on here on internet website so you guys don't miss out. so, um, if you do want to take advantage off the bat of this offer, I'll provide a link Down Below in the video description so you can instantly get access to that right now. and also, if you do want to see if this still is actually available whenever you're watching this video, I'll provide a link Down Below in the video description so you can go ahead and actually check to see if this still is going to be available whenever you're watching this video. so this video can be, you know, a year old, two years or anything like that, and the links down below will get you the best deal that is available for Shopify, regardless of when you're watching this video. so, yeah, the first step to begin today's video is to click the top link Down Below in the video description. and, um, just to clarify, I'll give you some context on how insane this deal is in terms of saving. if we go over here to shopify's pricing plans right here, you'll see that they have free, even price, implants. so normally, well, just with their um bare minimum like pricing plan right here, off the cheapest plan right here, they have on their website um the basic plants. so you normally have to pay 29 a month and you'll be able to get again right here, three months of Shopify for one dollar on select plans. so that's crazy. and again, like I said just before in the introduction, Shopify does, like you know, do different deals and change their trolls from time to time. so, um, normally they have a 14 day trial, but for some reason it's like only a three-day trial. so, um, again, I will be updating the links down below to the best troll offers, because they even had like 90 day free trials in the past actually. so if there are like any new trials like that, I'll update the links down below for you. so, again, like I said, regardless, when you watch this video, you'll be able to get the best trolls and the best deals for Shopify. but, like I said, the premise of today's video is to go over there three months to Shopify for one dollar, which is crazy. so let's click on sign up and I'm gonna go through the exact process so you don't miss out, so you can skip all these like little Nitty Gritty steps. so it's just basically like a survey for Shopify really. so it doesn't really affect anything. so I'll just click on skip, skip and skip and then what you can do right here: if you do have a name for your store, you can put in a name for your store right here. so I'm going to put in a minute website and just a random text, I guess. so let's just click on next. put in your location, just click on next should be like automatikally, like I said, to your region as well. then you'll click on like how do you want to create your Shopify account? so your free trial, and if we just want to click on whatever you want to do, so I'm going to click on the email. once you put in your details, click on create Shopify ID and there you go. once all this is set up for you in the background, you'll see that you come to your Shopify dashboard right here and, as you can see, build your dream business at your own pace. enjoy three months of Shopify for one dollar a month when you sign up for a monthly basic or starter plan- crazy, crazy stuff, guys. so if we go over here and we also get this prompt right here at the bottom right hand of the um web page right here on, your troll just started. but, of course, if you want to enjoy free monster Shopify for one dollar a month when you sign up for a monthly or basic plan, you can either click the top call to action right here inside of the dashboard or the bottom call to action on the bottom right hand corner. so if you click on pick a plan right here, this is again, so you can activate your Shopify three months for one dollar deal. so, as you can see, this is going to be the deal right here. so only a dollar USD a month for the first three months, which is just absolutely crazy stuff. so enjoy three months Shopify for only one dollar a month on select plans. so obviously you can't do this with the Shopify or the advanced Shopify plans, unfortunately, but nevertheless the fact that we can actually go ahead and do these for the basic plan. again, if we go over here to the pricing plan, you normally have to pay 29 a month for the basic plan right here. but with this deal right here, you only pay a dollar USD for the first three months of your Shopify account, which is just crazy. so you can click on choose this plan right here. so let's choose this plan, okay, and then you can see that you will be able to go ahead and choose this billing cycle: so monthly, one year, or dollar USD for the first three months, which is an amazing deal. so I still, honestly, couldn't believe my eyes when I first saw this- that Shopify was doing this promotion. so, again, I wanted to definitely make a video for you guys, so you can definitely take advantage of this offer while still available. Okay, so you will be charged one dollar and obviously, after the three month period, you will be charged fully, which is going to be 29 a month. so do keep that in mind, Bob, this is going to be a special deal where you get it for three months for like one dollar. so once you go ahead and choose your billing Cycles- so let's just choose that- you'll need to put in your business address or your details right here. so you're putting you choose your region, you'll choose, you're putting your like your first name, your last name, your address, all that type of stuff. then you'll go ahead and choose how you like to pay. so you can pay via credit card or PayPal, both options obviously going to be up to you, but you have both options available. so if we click on credit card right here, you're put in your details here here and all that type of stuff- your region, your name, your address and all that type of stuff. then, with the PayPal, you can just connect your PayPal account and use it to pay your bills and you'll be redirected to PayPal to add your billing information, which is pretty cool stuff. so it's very, very simple to do and very, very simple to actually activate your one dollar a month times three months plan. so basically, you only pay a dollar per month for the first three months, all the basic Shopify plan, which is crazy stuff, an amazing deal to take advantage of. also, if we go over here to pick a plan, like we just discussed through the middle part of today's video, as you can see, the most popular is going to be the basic Shopify plan and you can't obviously choose the one dollar a month plan for the first three months for the Shopify plan, for 79 a month, or the advanced trip of my plan. but you can do this with the basic Shopify, again for 29 a month, which you normally have to pay, but like you only get it for like. you can basically pay like one dollar a month for the first three months for the basic Shopify plan and you can do the same thing for the starter plan right here as well, which would normally cost you five dollars a month. but you can go ahead and pay one dollar a month for the first frame for the Shopify starter plan, which is going to be up to you as well. but obviously, if we go up here, the best Shopify plan a transaction fees for all third party payment providers is two percent, and the same with the currency conversion tree right here, which is going to be two percent. in terms of features, you get two staff members and up to four locations and shipping of right here after 77 discount. then with the starter plan right here, the payments. so when it comes to third-party transaction fees, if not using Shopify payments, it's five percent and online credit cards, which is going to be five percent plus this given amount, right h.
Shopify vs Stripe - Which One Is Better?
hey there guys. my name is marcus and in this video i'm going to compare stripe with shopify. the first thing i'm going to compare, or like share with you is what is my actual recommendation for you to use. then i'm going to compare the fee structure of stripe and also shopify and then i will tok about additional features they offer. so let's start now. personally, i would, if you can use your shopify payments, use shopify payments. it's going to be much more effective than choosing a different payment processor. but what i would do if i would be you that, okay, i would let you use shopify payments but then have a stripe or paypal or something in a backup. why? because what can happen? let's say that, uh, you have a summer collection and you gonna sell a new product in summer and you are earning right now, 2k a month. what can happen that? let's say that you're going to jump to 30- 40k a month, but, right, then shopify is going to stop, like it's going. they are going to review your store. if you're not a scam or something right, they're going to stop. uh, they're not going to allow you to sell products. it can happen, but then you need to figure it out fast: another payment processor and what will happen? that you are going to wait to get verified on i don't know- stripe for a while, like one week, and you are going to lose a lot of revenue. so this is why i always recommend, if you're going to choose a one payment processor, have some that you're not going to use straight away in a backup that you can use anytime. this is what i would definitely recommend for you to do and have it as a backup and from year two, three years from now, when you're going to be big, you will remember what i said to you and you will be so thankful because just this one minute is going to save you so much money. now let's go further, to just payment and fee structure. so in shopify you have to pay for the basic account, like okay, but let's say you can't use shopify payments. but it's really important that if you're going to choose different payment processor than shopify payments, you have to pay in a basic shopify two percent, in the normal shopify one percent and advanced shopify 0.5, based on a plan that you're gonna choose. and then why is it important? only because let's say that you would choose stripe in stripe, you're gonna see that okay. integra, 0.4 percent, 0.25 cents or 2.9 percent, right. and to those let's say that i'm going to order from the india, let's say i'm going to pay 2., 2.9 percent to strive and also i'm going to pay another 2, 1 or 0.5 to shopify. so that's like free. this is like what: five percent on a basic shopify and two percent goes to shopify and zero point. uh, three percent goes to stripe. so this is really important. and when you like, compare the online credit card rates. the shopify payments is 2.9, 2.6 and 2.4. here it's zero point four percent for european card. so if you can have like a lot of orders from europe and you know that you are targeted in germany or uk or i don't know, uk is not already in europe, so it's a brexit. so let's say sweden, whatever, i would definitely go with a stripe. you're going to save actually money. so let's say that even here it's 2.6 percent. but let's say you're gonna see additional fees here for zero percent. i would choose advanced, like the shopify account for 79. and then i'm going to pay one percent to shopify. then i'm going to get from european cards one point four percent. i'm like two point two point four, four percent. the cents are really similar. so still, it's better comparing to shopify payments. so you always need to do those, this kind of shenanigans and calculations like which one is actually better. now to go further, the one huge advantage- i personally see there are more of them to stripe comparing to shopify payments- are these: so you got 135 currencies in stripe. you got it available in more countries. comparing to shopify payments, that's another thing. uh, two business days is really similar. uh, the payment then you're gonna have like integration. there are plenty of them both. both customer support is good, but one really thing i like about- let me show you about stripe- is 3d secure, pretty secure. that c3 is a method used to verify customer identity before an online car purchase. this is really important. so if you're gonna get a lot of orders, uh from scam people etc. using stripe is really effective and really good. so that's what i would definitely recommend for you to do and buy this. you're going to save also money. now, adaptive acceptance, so they are going to help you: 0.08 local payment methods, sepa, direct, and that's pretty much it. so i don't know what else should i share with you. so, if you can use the shopify moments, use shopify payments, but have stripe in the backup. if you are in a risky business, that can happen, that they are going to stop. they are not going to allow you to sell the product through shopify payments in that way. i would just go definitely stripe. so thank you very much, guys, for watching. if you have any questions, ask me down in comments and have a great day and goodbye, see ya.