Shopify is an e-commerce platform that allows merchants to create online stores and sell products for a monthly subscription fee. Shopify’s business model is also known as software as a service.

However, in 2018, Shopify earned more than 50% of its income through another source called “Merchant Solutions.” Merchant Services is the term for the tools and systems that enable you, as a retailer, to process electronic payments securely. These payments include credit cards, debit cards, contactless payments, mobile payments (such as Apple Pay), and gift cards. Speed is essential to retaining your hard-earned customers.
Shopify dashboard
Shopify is one of the most popular e-commerce solutions on the market. Shopify is popular for its low upfront costs, easy-to-use interface, and easily customizable templates for your online store. The platform also offers secure site hosting, so users don’t need to upgrade their software or their web server. Shopify online stores have built-in SEO features that allow businesses to optimize their content.

Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage retail businesses of all sizes. Shopify improves commerce for everyone with a platform and services designed to increase trust while providing a better shopping experience for consumers everywhere.

Shopify stock

Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, PepsiCo, Staples, and many more.

Shopify front-end

As of February 7, 2023, the average one-year price target for Shopify is $41.76. The forecasts range from a low of $28.28 to a high of $85.50. The average price target represents a decrease of 19.02% from its latest reported closing price of $51.57. Source


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