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.
Shopify cuts developer fees for first $1m in revenue
siliconrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconrepublic.com Daily Mail and Mail on Sunday newspapers.
Shopify Announces 0% Commission for Developers on First Million Dollar Revenue
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Shopify (NYSE:SHOP) - Shopify Cuts Costs For Partners, Which Could Lead To Merchant Growth
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.