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- Shopify (NYSE:SHOP) is raising prices for its more expensive plus plan and hiking fees for third-party transactions and variable platform fees for online sales, Business Insider reported.
- The Plus plan will now cost 25% more for a one-year subscription and 15% more for a three-year subscription.
- The Plus subscription is targeted for larger merchants with annual revenue of $1M to $500M.
- The price hike comes a year after Shopify (SHOP) raised the price of its base subscription plan by 33% which translated into improved profits for the Canadian e-commerce company.
- Shopify (SHOP) sales ended the day Thursday with a 3% gain.
More on Shopify, Spotify, etc.
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