What is the total cost of ownership for Shopify POS?

When choosing a point-of-sale (POS) system for your business, it’s crucial to understand the total cost of ownership. For businesses using Shopify, the Shopify POS system is a leading choice for both online and physical sales. But what is the total cost of ownership for Shopify POS? The answer goes beyond the monthly subscription fee and includes several components that impact your bottom line. In this article, we’ll break down these costs to give you a complete picture.

Shopify POS is an all-in-one solution for businesses that want to manage both their online and in-person sales. Here are the key components that contribute to the total cost of owning Shopify POS:

1. Monthly Subscription Fee

Shopify POS operates on a subscription model with three pricing tiers:

• Basic Shopify: $39/month
• Shopify: $105/month
• Advanced Shopify: $299/month

Each plan includes access to the Shopify POS system but with varying levels of functionality and features.

2. Transaction Fees

Shopify charges transaction fees on each sale, depending on your plan:

• Online transactions: 2.9% + 30¢ (Basic Shopify)
• In-person transactions: Lower fees when using Shopify Payments
• External payment gateways: If you use a third-party payment processor, additional fees apply.

3. Hardware Costs

To use Shopify POS effectively, you’ll need hardware. Shopify offers hardware bundles, but you can also buy devices separately. The cost can range depending on the devices you choose:

• Essentials: iPad, card reader, receipt printer, cash drawer, barcode scanner
• Price range: A few hundred dollars to over a thousand, depending on the hardware bundle or individual purchases.

4. Additional Software and Apps

Shopify’s app ecosystem offers various add-ons and tools that can enhance your POS system. These include apps for inventory management, customer loyalty programs, and accounting. While some of these apps are free, many require a subscription, which adds to your overall cost of ownership. Explore the full range of apps in the Shopify App Store.

5. Customer Support

Shopify offers 24/7 customer support as part of its subscription, but some advanced support services come with an extra charge. For example, if you need premium support or additional training, you may incur higher costs. While most small businesses can rely on the basic support, larger enterprises may require advanced services.

If you want a detailed breakdown of the system's cost, refer to this helpful guide on the cost of Shopify POS.

The total cost of ownership for Shopify POS depends on the size of your business, the features you need, and the number of transactions you process. While the system offers flexibility and scalability, it’s important to account for the monthly subscription fees, transaction costs, hardware, and any additional software or support services you may need. By understanding these factors, you can effectively budget for your Shopify POS system and ensure it aligns with your business goals.

For more in-depth details on Shopify POS costs and reviews, check out Shopify POS Reviews at Systeme. You can also explore our article at Diigo for more insights into the pros and cons of Shopify POS.

💡Reading recommendations: How does the cost of Shopify POS compare to other POS systems?