No, Shopify does not take a cut even the basic most Shopify plan enables you to list an unlimited number of products without paying any listing charges. And this is one of the biggest plus points if we compare Shopify platform with others like Etsy as they charge businesses per product listing).
Shopify takes a cut on every sale if the user is using a third party payment gateway (i. e. 0.5%-2.0% as it depends on your pricing plan). Wix never charges transaction fees for using external payment gateways. Bear in mind, you have to pay the percentage your payment provider charges.
You may be asking “How much does Shopify take from your sales?”
An answer is that The fee percentage ranges from 2.0 percent to 0.5 percent, along with monthly subscription fees. Each time a customer makes a purchase from you, Shopify takes a cut. Users can avoid paying the transaction fee by using Shopify Payments.
What is the best Shopify plan for your business?
As the most popular Shopify solution, the Shopify Plan goes for $79 per month + 2.6% and 30¢ per transaction, which is quite the jump up from the Basic Shopify Plan, yet you receive pretty much every feature Shopify has to offer.
This begs the question “How can I reduce my Shopify fees?”
If you have the budget to pay upfront, you can reduce your Shopify fees by purchasing an annual or biennial plan — 10% and 20% discounts are available if you pay for one year or two years of service respectively, instead of paying on a monthly basis. Shopify pricing table.
The fee rates are as follows: 2 percent for Shopify Basic Plan, 1 percent for Standard Shopify Plan, however, 0.5 percent for the Advanced Shopify plan.
Transaction fees and credit card fees. Of the four Shopify plans aimed at SMEs, Advanced Shopify offers the lowest transaction fees. As with the other plans, if you’re using Shopify Payments, there are no transaction fees. The credit card fee is 2.4% + 30c for online transactions, and 2.4% + 0c for point of sale ones.
Can you sell in multiple currencies on Shopify?
As for currencies, you can sell in multiple currencies (up to 133 of them) on any Shopify plan except ‘Lite’. However, to customize your product prices for different countries (i. e, with a percentage increase or decrease for certain territories), you will again need to be on the ‘Shopify’ plan or higher.
Can I use Shopify Payments without a third party payment gateway?
If you are not from one of them, you cannot use Shopify Payments as so it is a must for you to use a third party payment gateway. It means you will have to pay a transaction fee that varies from 0.5 percent to 2 percent that depends on the pricing plan you are using.