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Ascent360 Data-Driven Marketing Platform Integrates with Shopify to Create a More Engaging Customer Experience
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Shopify Announces 0% Revenue Sharing on First $1 Million in Sales
8 hours ago
Shopify is dropping its revenue cut for developers that earn less than $1 million annually, in a move that rivals other tech platforms.
Shopify is one of the most popular e-commerce platforms, powering some $120 billion in Gross Merchandise Volume (GMV) in 2020. Until now, the company took a 20% revenue commission, but the company is waiving that for smaller developers.
Developers who build for the Shopify App Store will now pay 0% revenue share for the first $1M they earn annually on the platform starting on August 1. That’s down from 20%. The $1M benchmark resets annually.