What are Shopify transaction fees?

If you use Shopify Payments, there are no transaction fees — only the processing rate. If you use a third-party processor like Stripe or PayPal, Shopify charges 2% (Basic), 1% (Shopify), or 0.5% (Advanced) on top of your processor fees. On higher-volume stores, upgrading your Shopify plan to reduce the transaction fee often pays for itself.