If you’re not based in one of these countries

If you’re not based in one of these countries, you will need to use a separate third-party payment provider, which will have its own fees to take into consideration.

If using Shopify Payments, however, there’s no need to worry about transaction fees at all, which can save you considerable money. Nonetheless, you must still take credit card fees into consideration. Also known as a credit card rate, these fees can range from 2.4 to 2.9 percent in the US or 1.5 to 2.2 percent in the UK.

That being said, the exact rate may differ depending on the type of Shopify plan you’re on. The more expensive the plan, the lower the fees will be.

However, Shopify Payments is only available in the following countries/regions:

However, Shopify Payments is only available in the following countries/regions:

• United States
• Canada
• United Kingdom
• Germany
• Spain
• Ireland
• Australia
• New Zealand
• Singapore
• Japan
• Hong Kong

Accepting Payments with Shopify

Overall, Shopify’s plans and pricing are quite consistent with those of Bigcommerce, Squarespace, and other key competitors. In fact, the largest difference lies with Shopify’s ‘Lite’ plan, which allows you to use Shopify’s key features on another site for a small monthly fee but lacks the functionality to build a fully hosted store.

Accepting Payments with Shopify
There are two payment options available for customers of a Shopify online store. The most straightforward and least costly option for store owners is the platform’s built-in payment solution, Shopify Payments.

Designed for enterprise-level businesses

Designed for enterprise-level businesses, Shopify Plus isn’t a solution for ordinary store owners who sell products on a smaller scale. Rather than the off-the-shelf plans above, it’s specifically tailored to the needs of each client.

Needless to say, the pricing isn’t published, and neither is the scope of what it offers as each varies from client to client depending on their individual needs. This advanced solution is designed for large Shopify stores with high volume and global businesses who need more functionality, development, and support than an out-of-the-box solution can provide.

Another nice feature of this plan is the Advanced Report Builder

With this supercharged plan, you’ll also benefit from even lower transaction fees and credit card rates. Speaking of rates, one of this plan’s key features is the inclusion of calculated shipping rates. Thanks to this feature, you can use several different shipping companies to ship your products and show the different real-time rates of each.

Another nice feature of this plan is the Advanced Report Builder, which is great for generating a variety of low and high-level reports for various aspects of your ecommerce business. The other plans are perfectly fine for most, but this plan was made for businesses in need of a powerful and scalable solution.

Advanced Shopify

This Shopify plan is the company’s flagship out-of-the-box ecommerce solution. It costs $299 per month, which is significantly more than Shopify’s other ready-to-run plans, but you get to harness the full might of Shopify’s abilities and enjoy some really neat advanced features.

For instance, Advanced Shopify store owners can create up to 15 staff accounts rather than five or two. This allows you to have an entire team operating your online store in different capacities.

Another nice feature of this plan is its professional reporting

Another nice feature of this plan is its professional reporting, which is great for tracking inventory, product popularity, geographical hot spots, revenue, sales projections, and much more. To top it all off, you can also benefit from lower credit card transaction fees. If you sell more than a dozen products each month, this alone will make up for the added cost of the plan.

Whenever a customer abandons their shopping cart

Whenever a customer abandons their shopping cart, Shopify will send an email prompting him or her to click on a link within the email to return to their cart and complete the ordering process. Some people need a little time to think before making a purchase, and this feature allows them to do exactly that.

Another neat feature is being able to offer and accept gift cards

Another neat feature is being able to offer and accept gift cards
Another neat feature is being able to offer and accept gift cards. However, perhaps the biggest advantage of this plan is its abandoned cart recovery feature. This allows you to bring back some customers who add items to their cart but leave before completing the payment process. If you’ve sold anything online before, then you know how common of a problem this is for an ecommerce store.

Shopify’s standard plan.

As its name suggests, this is Shopify’s standard plan. Ideal for businesses looking to scale and grow, it costs $79 per month. However, as is the case with the basic version, those who opt for an annual or bi-annual subscription can save up to 20 percent.

With this standard Shopify plan, you can enjoy all of the same benefits of Shopify’s basic plan as well as some important additional features. One of these added features is the ability to create five staff accounts, not two. This is perfect for a growing online business with more than a few employees.