Which Should You Go for: Etsy or Shopify? The Etsy vs Shopify Fee Calculator is here to help you decide which one is better for your online store. The calculator takes into account the average order value of your product(s) and the number of orders your store generates per month. It then compares this data with Etsy and Shopify’s pricing packages to help you decide which is better for you.
How the Etsy vs Shopify Fee Calculator Works
The etsy vs shopify fee calculator is a simple tool designed to compare the pricing and fees associated with each platform. To get the calculator to work, simply input your average order value and number of orders per month, If you’re just starting out, you can input the selling price of your product and how many orders you hope to get within the month. The etsy vs shopify fee calculator then, calculates based on the listing fees , transaction fees, credit card fees, fees per order and monthly subscription charges, of both platforms to provide a comprehensive breakdown and how much it will cost you to run your online store on Etsy or Shopify.
Etsy and Shopify are well known ecommerce giants, each catering to different merchants and online store owners. Etsy is known as the marketplace for unique and handmade goods, and it appeals to artisans and crafters looking for a platform to showcase their products to a global audience. On the other hand, Shopify offers a comprehensive ecommerce solution that empowers entrepreneurs to create and customize their online stores with ease.
Etsy at a Glance
Etsy is a global online marketplace can find unique, handmade items created by independent sellers from around the world. It’s a place where creativity flourishes, and you can discover everything from handcrafted jewelry and vintage clothing to personalized gifts and home decor. Whether you’re looking for something special for yourself or searching for a one-of-a-kind gift, you can find it all on Etsy. It has a user-friendly interface and vibrant community of artisans, making it to offer a more personalized shopping experience for users. Join etsy for free.
Shopify at a Glance
Shopify is like your own virtual storefront on the internet. It’s a comprehensive e-commerce platform that empowers entrepreneurs to create, customize, and manage their online stores with ease. From setting up your store and designing your website to processing payments and tracking orders, Shopify provides all the tools and resources you need to build a successful online business. It has powerful features and seamless integration with third-party apps, which makes it simple for anyone to turn their passion into a thriving online store. Check out shopify’s $1/month trial.
My Store get 100 orders a month, my average order value is $50, should I go for Etsy or Shopify ?
Which plan should you choose to maximize profit? Let’s break it down:
- Etsy: With its straightforward fee structure, Etsy charges a transaction fee of 6.5% per sale, 3% credit card fees along with a fixed fee of $0.25 per order and a listing fee of $0.20 per item with no monthly fees. Considering your monthly order of 1000 and average order value of $50, the etsy vs shopify calculator computes your total monthly fees to be $520.
- Shopify Basic: As a Shopify Basic user, you’ll be subject to a transaction fee of 2%, along with a credit card fee of 2.9% + $0.30 per transaction. Also, there’s a fixed monthly subscription fee of $39. Based on your monthly orders and average order value , your monthly fee is $314
- Shopify: the Shopify plan, lets you enjoy lower transaction fees of 1%, along with a slightly reduced credit card fee of 2.6% + $0.30 per transaction. But, the monthly subscription fee increases to $105. Despite the higher subscription cost, the total monthly fees for Shopify come out to $315
- Shopify Advanced: For high-volume merchants with ambitious growth plans, Shopify Advanced offers a competitive fee structure with transaction fees reduced to 0.5% and credit card fees of 2.4% + $0.30 per transaction. However, the monthly subscription fee jumps to $399. With the monthly order and average order value, the total monthly fees for Shopify Advanced is $574
So based on the result generated by the etsy vs shopify fee calculator, it will be better to go with the plan with the lowest monthly fees which is – shopify basic
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