Magento vs Shopify: It’s a choice many merchants wonder about when choosing between ecommerce platforms.
Which is better to support your sales and revenue ambitions? Here’s a detailed look at what both platforms offer.
What are Shopify and Magento?
Shopify is a hosted ecommerce platform that provides everything online stores need. The free self-hosted Magento Open Source by Adobe Commerce and the $20,000-per-year Magento Commerce are Adobe’s ecommerce platform offerings.
Compare Pricing and Costs: Magento Commerce vs Magento Open Source vs Shopify
With Shopify, you can choose a monthly plan or you can pay annually to receive a discount. Shopify offers three plans ranging from $29 to $299. Higher plan tiers will unlock more features, such as reporting, international domains and pricing and reduced transaction fees from both Shopify payments and third-party payment solutions.
You don’t have to worry about hosting with Shopify, but you will still need to buy a domain name. You can do this through Shopify for about $15 a year. Shopify also includes an SSL certificate in every plan
Magento Open Source is a self-hosted platform that’s free — but with a catch. Merchants will need to find their own hosting provider. Usually, hosting will cost about $12-15 a month, and an SSL certificate from about $40 a year. Magento also has a paid version — but it is $20,000 a year cost tends to rule out all but the largest ecommerce businesses. But before you write Magento off on pricing, don’t forget they don’t charge additional transaction fees, which can give merchants more flexibility to integrate international payment gateways and third-party payment extensions.
Magento vs Shopify – Which One Has Better Pricing?
Shopify may be best for merchants who want simpler, all-inclusive pricing. Magento by Adobe Commerce may be the way to go for those who want control over hosting and transaction fee expenses and greater flexibility to scale and customize their ecommerce store.