Shopify Pricing Plans 2023: Which One is Best for Me?[Expert Opinion]

Shopify Pricing Plans 2023

On the e-commerce platform, Shopify has become very popular in quite a short time. And it was possible because of the exclusive Shopify pricing plans people can use depending on their business modules.

You might wonder which of the Shopify pricing plans is best. Besides, if you already have a Shopify plan, when is the ideal time to switch to a more expensive one?

Don’t worry; we have got you covered.

You can start with the Basic plan when you are an amateur. Gradually, you can upgrade to more advanced plans by expanding your business.

Here, we will introduce you to Shopify pricing plans. Let us walk you through our expert opinion about choosing the best one.

How Many Plans Are Available on Shopify? 

Shopify pricing Plans

Shopify offers five plans for clients. Every package comes with different pricing and offers various services.

Here you will get another two options while choosing your plan. It can be either a monthly plan or a yearly plan. Usually, a yearly plan offers some special discount at certain times of the year. 

The size of the plan starts at just $5 per month, while the most expensive one is $2000 per month. 

You won’t need to pay a license fee for any plans. All plans have already included license fees in their prices. 

Shopify won’t charge transaction fees if you do your transaction via Shopify Payments. But you’ve to pay credit card fees.

However, you might need to pay a specific transaction fee if you add any third-party payment gateway

Shopify pricing plans

Let’s look at the plans, prices, and transaction fees. 

  1. Starter Plan

Pricing: $5/month + (Transaction fee) 5% per transaction

  1. Basic Shopify Plan

Pricing: $19/month + (Transaction fee) 2.9% and 30¢ USD per transaction

  1. Shopify Plan

Pricing: $49/month + (Transaction fee) 2.6% and 30¢ USD per transaction

  1. Advanced Plan

Pricing: $299/month + (Transaction fee) 2.4% and 30¢ USD per transaction

  1. Shopify Plus Plan

Pricing: $2,000+/month + (Transaction fee) 2.15% and 30¢ USD per transaction

Shopify also provides 3-day free trials for the tiers mentioned above. You can go over the plans before deciding on your favorite. 

What could be better than this? 

This way, you’ll get a feel for the plans and how to execute them. 

Features of Shopify Pricing Plans

Now that you know the prices and fees of Shopify plans let’s see what they offer.

Shopify Starter Plan Features

Starter Plan Features

This is the cheapest option you have. You can start up and get started with Shopify for only $5 a month. 

Shopify’s entry-level “Starter” plan is ideal for entrepreneurs who don’t yet have the resources to run an online shop but wish to reach clients through social media or messaging applications. With the plan, you may make product links to share on social media and an existing website or send to customers by text or email.

The bad news is that neither an online shop nor a Shopify POS is included with the Shopify Starter plan.

As it is just a five-dollar-a-month plan, the transaction fees are higher than those of other plans. 

You also get the Starter theme, which is ready to use. You can’t make any changes. It is the basic framework for all the clients.

Here, you can track your business’s performance with reports. In the starter plan, you will get a taste of a bit of everything. This plan offers you unlimited product pages. The number of products you sell online on Shopify isn’t restricted.

Online sales channels, fraud analysis, brand assets, manual order creation, and all these kinds of things are included in this plan.

This starter plan only offers the minimum features needed to start or test-run a business. If you are more advanced than just introducing yourself to business, go with the Basic plan.

Basic Shopify Plan features

The Basic plan costs $19 per month, which is not a lot when running an e-commerce business. This plan comes with a lot of unique features and benefits.

Here, the transaction fee is not as high as the starter plan. Along with lower transaction fees, the Basic plan offers a lot more than the Starter plan.

It is no wonder why this plan is the most popular one among others. Here, we will discuss why.

So, what does this plan actually offer?

The basic plan showcases the products to target audiences and helps you grow your business. You can access many features, like an online store, unlimited products, sales channels, discount codes, minimum order creation, and so forth.

You will get access to two staff accounts with this plan. It also lets you track your inventory, warehouse, product location, and many more. You can track up to 4 inventory locations with this plan.

For a small business, starting with this plan can help you understand the market and grow eventually.

Shopify Plan Features

Shopify Plan Features

The Shopify plan is more expensive than the Basic plan. It comes at $49 per month. It might look much more expensive than the Basic plan, but you will get a lower transaction fee here. 

In this plan, you must pay 2.6% + 30¢ USD for every transaction. So, when your sales rise, you should upgrade your plan. 

Now, let’s talk about the features. 

Shopify plan has everything that the Basic plan offers you. In addition, you will get some extra benefits as well. You can track up to 5 inventory locations if you have this plan. 

Another fantastic service that you will get with this plan is e-commerce automation. With the multi-channel e-commerce automation system, you can consolidate orders in one place and control stock level updates. This system saves a lot of your time and money. 

Advanced Plan Features

Advanced Plan Features

The advanced plan is the top-tier plan for non-enterprise businesses. The cost is around $299 per month with 2.4% and 30¢ USD per transaction fee. 

More complex features will be essential if your company has a high volume of shoppers. And the advanced plan knows your requirements. That’s why it has added duties and import taxes, custom reports, pricing, and other Shopify plan features. 

You can track up to eight inventory locations with this plan. Besides, they have also considered the staffing situation satisfactory here. You will get 15 staff accounts to help your team manage orders. 

Advanced Plan Features 2

Here, the custom reports are a lot different from other plans. You will get more exact and filtered data

This allows you to have more control over your business. For overseas businesses, you can control the prices and taxes, which gives you the liberty to make your own decision.

Shopify Plus Plan Features

Plus Plan Features

Shopify Plus is for enterprise e-commerce<span style=”font-weight: 400;”> businesses. This plan starts from $2,000 per month.

This plan is designed for larger businesses and features exclusive services.

The first thing we want to mention is that your sales will surely increase exponentially with this plan. It offers 60% lower checkouts, and the staff account is unlimited here. 

You can control these staff accounts from anywhere around the world. Use Shopify’s admin to track these accounts. You can track up to 50 inventory factories with this exclusive plan.

Whether you run a B2B or a DTC business, this plan can solve all your problems.

Another additional benefit of this plan is that the transaction fee is negligible. Using an alternative payment gateway, it charges only 2.15% and 30¢ USD per transaction.

How To Determine the Appropriate Plan For You?

Appropriate Plan

You got all the details of the features of Shopify pricing plans, Right? You must be wondering which one is appropriate for you. Price is the main differentiating factor when choosing the right one. 

But there are other factors you should consider while picking up any plan for your business. 

Let’s look at the following part to get a better idea. We will break down each strategy so that you have a clear picture.

Starter Plan

The Shopify starter plan is one of the cheapest options for selling products online. But you need to be aware that it doesn’t provide you with a fully functional standalone online store. 

This plan is not for everyone. This plan is for you if you are starting to establish a business and haven’t figured out the store yet. Most people who take this plan sell products on social media and don’t have any physical stores. 

Besides, the transaction fee is relatively high on this plan. So, consider these things before purchasing this plan. 

Shopify Basic Plan

As we have mentioned earlier, this is the most popular plan among users. This plan is appropriate for a standalone online Shopify store that is fully functional. 

With this plan, you can use your Shopify account to sell products in retail stores and even pop-up shops. This allows you to access content marketing tools.

This plan is appropriate for those looking for a plan that adds value to their money. Because of the lower transaction rate, you don’t have to pay much if your sales rise.

Shopify Plan

Moving to the Shopify plan is a considerable step up from the basics in terms of monthly outgoing.

Although the monthly fee is $49, the transaction rate is even lower than the Basic plan. With the expansion of your business, you will require more inventory and add more staff to your company. 

If your business has expanded to the point where you get more than $20k per month, then you should shift to this plan. The lower transaction fee is the key to saving money in this plan. 

The more you sell, the more transaction fees you have to pay. So, when your business grows and makes considerable sales, it will be wiser to upgrade your Shopify plan.

Advanced Shopify Plan

The $299 per month plan might seem a bit outrageous, but the features have greatly benefited the users by increasing sales and growing a successful business. 

This is the fully featured Shopify pricing plan you will get. Solopreneurs and small businesses are the main target clients of this plan.

It offers an advanced, customizable reporting tool, which is extremely important for small businesses. 

If you are considering selling internationally, this plan is perfect for you. From setting up prices for individual countries to pricing products accurately for local markets, you can do it all with this plan.

Shopify Plus Plan

The $2000 bill per month for Shopify Plus is negotiable. This plan allows you some exclusive features that you can use in your business. 

None of these features will suit any small business. You can only spend this much on an e-commerce site if you have a large business.

Go with Shopify Plus when you make at least $ 680k per month. You must have multiple online stores when you sell in the international market. 

And the Shopify Plus plan helps you achieve that by allowing you to establish 10 stores without additional costs.

How Can You Cut The Shopify Cost?

Cut The Shopify Cost

There are a couple of ways we are going to share with you to cut the cost on Shopify. Let’s get started. 

Avoid Transaction fees

Shopify is a monopoly for sole proprietor online stores. Shopify cuts a transaction fee for each transaction in their pricing plans if you use any alternative payment gateway. 

The transaction fee might not look huge initially, but this little amount gets huge when your sales increase. 

So, how can you stop paying this amount to Shopify? The easiest way is to use the Shopify payment system. We suggest you use Shopify payment to avoid huge bills over transactions. 

Go with the Yearly Plan

Users often start with a monthly plan to understand the pros and cons of the system and check how it works. 

But with time, you can upgrade your game when you know how to work smartly in this business. 

Although we recommend you start with a monthly plan, you can switch to a yearly plan to save some money. Yearly plans often come with 10% discounts on payments. 

Sometimes, Shopify even offers a 20% discount on their yearly plans. As you don’t have any restrictions on upgrading, you can change your plan according to your preferences.

Go for free Shopify themes

Shopify’s free themes may be a good way to save money if you’re looking to save the costs of Shopify. Most companies pay for a premium theme with all the tools and layouts they need to get started.

FAQs about Shopify Pricing Plans 

FAQs about pricing Plans 

How much is the Shopify plan?

Shopify plan comes with $49 per month. An additional transaction fee will be added to this amount if you use an alternative payment system. This plan requires you to pay 2.6% + 30¢ USD per transaction. There are no hidden charges; you will pay for your Shopify store what you see. 

Which Shopify Pricing plan is best for beginners?

The Basic Plan is the best plan for beginners. You can get a lot with this plan with just a little investment. The features are very promising for new entrepreneurs. Some might want to start with the starter plan, but we suggest you not do that. Because of the higher transaction fee, you won’t get much benefit from the low monthly payment. 

What’s the cheapest plan on Shopify?

Shopify has launched a plan for its clients. And that is the “Starter Plan.” It is the replacement of their previous “Shopify Lite.” 

The starter plan is only $5 a month, and the transaction fee is 5% for each transaction. The monthly payment is the cheapest, but the transaction fee is the highest among all plans. 

How much does Shopify charge per transaction?

Shopify charges different transaction fees for different pricing plans. The transaction fee starts with a higher amount and gradually decreases with up-gradation. Let’s have a look at the transaction fees for each plan.

  1. Starter Plan: 5% per transaction
  2. Basic Plan: 2.9% and 30¢ USD per transaction
  3. Shopify Plan: 2.6% and 30¢ USD per transaction
  4. Advanced Plan: 2.4% and 30¢ USD per transaction
  5. Shopify Plus Plan: 2.15% and 30¢ USD per transaction

Final Thought 

Final Thought 

Shopify is the best platform to choose for your e-commerce company. The success of this company lies in its policy. Not every company thinks about mass users. 

Shopify is different here. No matter how small or big you want to start your e-commerce journey, Shopify comes with a solution for all. 

This company also keeps updating its pricing from time to time and offers discounts all over the year. So, keep your eyes on Shopify pricing plans and get the best deal.

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