In addition to the basic $29, $79 and $299 USD that you will pay for just using the shopify plans, you will also pay transaction fees on top of that monthly charge.
Shopify takes a % of your transaction fees, so everytime you make more money they do too. So when you are doing your accounting and tracking profit numbers, there are your fixed costs as well as your variable costs (transaction fees) that you must not forget.
Shopify has this thing called Shopify payments that if you do use it, you don’t pay additional fees by using separate processing payment fees.
If you are using Shopify payments…
If you are not using Shopify payments and using other payment processors, then Shopify ‘penalises you’ by charging more, they take an additional…
As you can see, Shopify really wants you to use their payment processor as it is within their control and their ecosystem.
Is this worth it?
Maybe, if you are able to use another payment processor such as a 1-click checkout, this might be the right option for you as another processor would boost your conversion rates and make the switch worth it.
Ultimately, if you are ok with Shopify taking 5% of your revenue before you make any money, then do it – otherwise it’s just best to stick with the standard Shopify checkout.
Alternative Payment Processors
If you are really interested in finding alternatives, there are alternatives such as: