Any time you’ve bought something online, you’ve almost certainly been redirected to Shopify, and to a beautiful site with many features, buttons, and a super easy method of payment.
Perhaps you’ve wondered what Shopify is, and here, we tell you nine great facts about the platform to get you started with knowledge. Due to its effectiveness, you may even choose to begin using Shopify when you start a small business, working alongside the company for you to grow on the exponential increasing e-commerce platform.
Table of Contents
1. History Of Shopify
Shopify was created in 2004 by three friends, Scott Lake, Daniel Weinand, and Tobias Lutke. The trio decided to go from selling snowboards online to creating an e-commerce platform because the websites available for buying and selling merchandise online were highly inefficient and did not satisfy their needs.
Eventually Shopify was officially released in 2006. Since then, it has constantly required expansion to accommodate the sheer number of users, and their headquarters were also moved from the original German centerpoint to Ottawa, Canada.
2. What Is Shopify
Shopify is the large e-commerce site platform on the Internet today, and it owes its popularity to its low starting price, even for small businesses. On top of this, Shopify also offers sellers simple website templates to build a visually pleasing site.
There are many extra features, including unlimited bandwidth as well as discount code entering ability, and free Shopify domains.
3. How Does Shopify Work?
The company continues with its message of simplicity for customers too. When a customer enters a Shopify website made by a seller, it is extremely easy for them to navigate throughout. If they wish to purchase an item, the process from checkout to confirmation is handled entirely by Shopify and its store.
Any issues between the buyer and the seller are mediated by Shopify to insure safety and legitimacy of the conversation. This ensures there’re no conflicts of interest in the claims arbitration processes, and that everyone gets a fair hearing.
4.What is Shopify Payments?
Shopify is not just an online platform, however. Shopify Payments allows for sellers to seamlessly connect their brick and mortar shop with their virtual one, with an entire system. Shopify Payments is based on the card reader, which can be placed on any mobile device for easy transactions, which can be tracked and its data be analyzed on your virtual platform as well.
On top of this, the rates on the transactions that Shopify takes is also as low as purchases online, sitting at just above 2%. This way, you are assured of great the offers at industry competitive prices without sacrificing quality.
5. Shopify’s Development
The company’s core message proved effective. Over time, Shopify beat its competitors and continues to expand by adding more services and acquiring different companies. In 2010, they released an app on the App Store of Apple.
6. Scale Of Operations
Not surprisingly, Shopify has a huge market of sellers and buyers using its platform. Thanks to the company’s focus on small-scale economics and businesses, it has over 46 million small to midsize businesses using Shopify services, each with a monthly revenue of 1,243 dollars.