Shopify Plus Pricing – How Much Does Shopify Plus Cost?
Last Updated | October 23, 2024
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Shopify Plus is an advanced eCommerce solution tailored for high-growth businesses that can efficiently scale operations. With a base plane starting from $2,300 monthly for three years or $2500 monthly for one year. This platform offers robust features and support to handle enterprise-level demands.
Understanding Shopify Plus pricing is essential for businesses looking to improve their potential return on investment. A business’s e-commerce preferred platform maps out its trajectory, making these significant decisions.
Our guide explores the various costs associated with Shopify Plus, including base fees and additional charges based on sales volume. Shopify Plus remains a viable option for businesses looking to enhance their online presence and operational capabilities.
The cost of an e-commerce platform is considered an investment and an expense. The investment is in the company’s online presence, and the price is the money a business spends maintaining this online persona.
How Much Does Shopify Plus Cost?
There are three components of Shopify plus pricing, each being an essential part of the final mount.
Shopify Plus Monthly Cost
Shopify Plus plan pricing includes three fees. The base plan starts at $2,300 monthly for three years or $2500 monthly for one year. This base price comprises the standard Shopify store setups and all associated integrations.
Shopify Plus offers a transparent and predictable fee structure with the following base fees:
- 1-Year Term: Starting at a minimum of $2,500/month.
- 3-Year Term: Starting at a minimum of $2,300/month or a variable platform fee for more complex business structures.
Additionally, Shopify Plus allows you to have unlimited stores in the plan. The first nine stores are included with the base fee, and each additional store costs $250 monthly.
Variable Shopify Plus Price
The minimum license fees we discussed are for standard setups and integrations. More complex and higher volume businesses switch to a variable platform fee based on their revenue and business model:
- 1-Year Option: The platform fee increases to 0.40% of direct-to-consumer (D2C) volume and 0.18% of business-to-business (B2B) volume, or a minimum of $2,500 (whichever is higher).
- 3-Year Option: Users who commit to a three-year contract enjoy a discounted variable rate of 0.35% of monthly sales volume or a minimum of $2,300 (whichever is higher).
These license fees cover the core features and functionalities of the platform, plus additional access to enterprise-level exclusive features, such as:
- Unlimited Staff Accounts
- Up to 200 Inventory Locations
- Nine Expansion Stores
- 20 POS Pro Locations
- Access to the Shopify Plus Partner Program
- Dedicated Support
Shopify Plus Transaction Fees
Shopify Plus merchants utilizing Shopify Payments as their primary payment gateway benefit from having transaction fees waived for all other payment methods used in their store, offering substantial cost savings.
You’ll only incur fees for online and in-person card transactions, typically ranging from 2.9% + $0.30 to 2.15% per transaction, with rates varying by country. These are the lowest rates available across any Shopify plan.
You have to contact Shopify for the most up-to-date rates for your location.
Third-Party Transaction Fees in Shopify Plus
Third-party transaction fees are the charges incurred for each transaction when a third-party payment provider is used to process customer payments.
If you use a third-party processor as your main payment method, you’ll pay two sets of fees:
- The fees charged by your payment processor
- An additional 0.20% per transaction fee to Shopify for security and compliance costs
While this is lower than the fees on standard Shopify plans, it can add up depending on your sales volume.
Shopify calculates these third-party transaction fees based on a formula:
[(cost of products – discounts) + tax + shipping charges] x rate
Transaction fees don’t apply to:
- Point-of-sale (POS) orders
- Manual payment methods like cash on delivery (COD), bank deposits, checks, gift cards, and test or draft orders marked as paid or pending.
Shopify Plus Implementation Costs
Now that you’ve decided on Shopify Plus as your preferred e-commerce solution, it’s essential to know how much Shopify implementation costs.
Shopify Plus License Fee
The Shopify Plus license is essential to using Shopify as your preferred e-commerce platform. We’ve mentioned earlier that the monthly fee starts at $2,300 for a 3-year term or $2,500 for a 1-year term. A variable cost is also applied based on the business’s monthly revenue numbers.
Cost of Shopify Plus Apps
Shopify Plus applications add more functionality to an already powerful e-commerce platform. However, the cost of Shopify plus applications varies depending on pricing models, features, app developers, and scale. Specific Shopify applications are free; others cost money, sometimes several hundred dollars monthly.
There are several Shopify plus applications available for e-commerce businesses to pick from. Companies need to assess their business requirements and budget when choosing suitable applications to ensure they get the most value for their money.
Cost to Migrate Data to Shopify Plus
Moving from one e-commerce platform to another requires migrating store data from the previous one to Shopify Plus. Transferring sensitive data involves moving product data, order information, customer details, and various essential pieces of information.
The cost of data migration to Shopify Plus varies depending on system complexity, the amount of data transferred, and whether the business does it themselves or hires a data migration expert. Data migration is a complex process that should be left to the experts who know how to get it right.
Their services cost money, but the long-term benefits outweigh the short-term investments. Professional Shopify Plus data migrations can cost $500 to $5000 on the low end and go much higher depending on how much data needs to be moved.
Maintenance Cost
Shopify Plus stores are investments into the business that allows it to meet sales targets, scale business operations, and deliver positive user experiences. Despite being capable, Shopify Plus requires routine maintenance to keep the platform running smoothly. Shopify Plus maintenance includes:
- Ensuring the store is updated with the latest Shopify Plus releases and information.
- Updating and managing the store’s product catalog, inventory levels, and pricing to avoid issues.
- Ensuring customer service is taken care of swiftly and accurately. Top-notch customer service is essential for businesses that want to grow long-term.
- Continuously monitoring store performance and adjusting strategies to optimize store performance.
This general overview of Shopify Plus maintenance varies depending on business size and complexity. Some maintenance can be handled internally, while other steps need to be taken care of externally. The cost of outsourcing Shopify Plus maintenance ranges between $500 to $2000 monthly and could be higher depending on store complexity and requirements.
Why Choose Shopify Plus?
We’ve explained the costs of using Shopify Plus but haven’t touched on why you should use the platform. For various reasons, e-commerce businesses choose Shopify Plus as their preferred e-commerce platform. The most important reasons to choose Shopify Plus include:
Extensive Scalability
Stores built on Shopify Plus can handle all traffic volumes, making it ideal for e-commerce businesses of all sizes. Having the proper operational bandwidth allows stores to effortlessly scale operations whenever there is a surge or dip in sales and traffic.
This ties nicely with Shopify Plus, which allows you to sell unlimited products in your stores and expand your product catalog as much as you want. Shopify Plus’s cloud-based infrastructure enables e-commerce stores to effortlessly scale operations to accommodate inevitable business growth.
Secure and Reliable
Every Shopify Plus store is Level 1 PCI DSS compliant, ensuring customer credit card data is kept confidential. The last thing an e-commerce business wants or needs is compromised customer information.
Additionally, Shopify Plus comes with 24/7 customer support to help store owners at any hour of the day. Despite offering a 99% uptime guarantee, Shopify Plus ensures you’re not alone during that 1% downtime. Shopify cares for the business as much as it cares for the store’s customers.
Great Value-For-Money
Shopify Plus might cost a lot upfront, but all e-commerce businesses would benefit from its diverse features and capabilities. Stores that pay upfront will see their ROI in increased sales, scalable architecture, and several advanced features.
Also, the variable platform fee is rooted in the store’s monthly revenue. This makes Shopify Plus cost-effective for high-volume e-commerce stores in the Shopify vs Shopify plus pricing debate. Most e-commerce businesses are for-profit, and Shopify Plus does a great job of making that possible.
Various Advanced Features
Shopify’s feature set makes it a common choice for everyone. Its more advanced features include:
- Premium access, customizable themes that can be customized extensively. Using these themes helps create a unique and branded online store.
- With enhanced reporting, Shopify Plus uses advanced reporting tools to help businesses track key performance indicators (KPIs). They can analyze customer behavior, optimize your marketing strategies, and use real-world insights to help the company.
- The Shopify Plus store can be integrated with multiple sales channels, e.g., Amazon, eBay, and social media platforms. Doing this helps these businesses reach a broader audience, increasing their sales numbers.
- Shopify Plus offers advanced inventory management across multiple locations to track stock levels and automate reorder points. Automating the mundane but essential aspects of e-commerce stores makes them more efficient and effective.
Conclusion
Shopify Plus offers a robust eCommerce solution tailored for high-volume businesses, starting with a base plane of $2,300 monthly for three years or $2500 monthly for one year. This pricing structure is designed to accommodate the needs of enterprises, providing robust features and dedicated support that can significantly enhance operational efficiency.
Evaluating the total costs associated with Shopify Plus—including transaction fees and potential app expenses—reveals its value proposition. While the initial investment may seem substantial compared to lower-tier plans, the advanced capabilities and scalability justify the cost for businesses poised for rapid growth.
By leveraging Shopify Plus, companies can streamline their operations and focus on scaling their online presence effectively.
FAQs
Is It Worth Upgrading to Shopify Plus?
Businesses that experience healthy growth numbers and need more advanced features can benefit from Shopify Plus functionality. Low transaction fees, better customization, and top-tier customer services can help every e-commerce business.
What Is the Difference Between Basic Shopify and Shopify Plus?
The main difference between basic Shopify and Shopify Plus is scalability and customization. Shopify Plus allows businesses to use unlimited staff accounts, exclusive APIs, and advanced checkout features. Basic does not offer these features.
What Is the Benefit of Shopify Plus?
- Exceptional scalability for high-volume sales
- Advanced customization capabilities for a tailored shopping experience
- Dedicated support from Merchant Success Managers
What Is the minimum revenue for Shopify Plus?
There is no strict minimum revenue requirement, however Shopify Plus is generally considered best suited for high-growth, enterprise-level businesses doing over $1 million in annual sales.
Do Shopify Plus’s prices ever change?
Yes, though not frequently. In February 2024, Shopify announced a 25% increase in the monthly minimum prices for Shopify Plus. Previously, merchants paid $2,000 per month, but the new pricing starts at $2,300 USD per month for a 3-year term or $2,500 USD per month for a 1-year commitment.
This was the first price adjustment for Shopify Plus in 12 years, with the last one in 2017. The 25% increase was substantial and sparked significant attention. Shopify explained that the price hike reflects the platform’s expanded capabilities and features since 2017, along with inflationary pressures.