Shopify is a hosted solution that enables businesses to start selling their goods online. While Shopify is extremely simple to use, its fees aren't simple at all. You can choose from a number of different themes, products, and pricing plans, which makes it even harder to determine exactly how much you'll end up paying for Shopify.
In this article, we’ll explore Shopify fee calculators and how to choose a calculator that fits your needs as a Shopify seller.
What fees does Shopify charge?
There are several fees you'll need to consider before signing up for Shopify. What those are depends on what you’re selling. Some of the most common fees include:
- The Shopify plan, e.g., Starter, Basic, Shopify, Advanced Shopify, or Shopify Plus. This is charged as a fixed cost;
- Shopify POS Pro, a point of sales add-on that enables sales from a physical store and not just an online store, for a cost of $89 per month per location;
- Transaction fees based on your monthly store sales and Shopify plans;
- The Shopify transaction fee, credit card fee, and other payment gateway fees;
- Abandoned cart recovery fees;
- Customer returns;
- Third-party apps and subscriptions;
- Shopify fulfillment center fees;
- Shipping fees;
- Currency conversion fees.
These are just a few of the costs you need to consider - there may be additional fees depending on your Shopify plan. For example, if you choose Shopify Plus, you need to pay 0.25% of our monthly turnover when your turnover exceeds $800,000.
As you can tell, calculating Shopify fees can become complicated. The best way to keep track of all of your Shopify transaction fees and costs is to use a Shopify fees calculator.
The best Shopify fee calculators in 2022 and beyond
A Shopify pricing calculator (also called a Shopify fee calculator) is a comprehensive online tool that helps you track the various fees related to your Shopify plan. Your business can use this cost calculator to calculate Shopify pricing and associated fees with just a few clicks.
eCommerce Platforms offers a very basic tool for calculating Shopify fees. You can enter your monthly store sales to arrive at the percentage fee owed, along with the name of the annual plan you've subscribed to, to arrive at your final Shopify cost. It’s simple to use, and covers off most of the fees you need to account for.
We Can Fly
We Can Fly offers a useful Shopify cost calculation tool for your online store. Simply enter your monthly revenue in the currency of your choice, the average order value, whether or not you are using Shopify payments, and any fees related to the external payment gateway you use. It’s one of the most straightforward calculators on the market for determining which plan you should be on.
Web Shop Assist
Web Shop Assist has the most comprehensive online tool for calculating the fees related to your Shopify store. You can enter your monthly revenue, COD orders, payment gateway fees, and subscription interval and use the calculation to determine which of the various annual plans you should choose. You can also add applicable credit card rates and transaction fees. It's very useful if you are looking for ways to save money on your subscription fees.
How automated accounting helps with Shopify fees
Knowing what your Shopify fees will cost is handy, but if you want to run a truly profitable Shopify store, you need to keep track of all of your running costs.
Link My Books is an automated Shopify bookkeeping solution that links Shopify stores to leading accounting tools like Xero. We will ensure that you track all of your income, expenses, and fees automatically so you can get a clear and comprehensive picture of what you are spending on Shopify.
Don't spend hours tracking Shopify fees manually - get Link My Books! If you want to see what it’s all about (and how easy it is) click the BIG blue button at the top of the page. Before you know it you’ll be handling fees like a pro!