Another factor to consider is your business model . There are several questions that can help shed light on your business model, including:
Do you sell digital, physical products or services?
Do you have at least one brick and mortar business ?
Are you planning to do dropshipping ?
Physical products, digital products, and services require different shipping methods and e-commerce features. For example, physical products require fulfillment and shipping, while digital products investor database require seamless shipping and file storage. On the other hand, services may require scheduling and lengthy communication before cash is exchanged in hand. If you have a brick and mortar store, consolidating orders and inventory across all sales channels is incredibly important. Therefore, you need an e-commerce platform that works well with your current POS system. Finally, if you plan to dropship, it is essential to ensure that the platform you choose supports it and integrates with your dropshipping software.
Transaction fees
When accepting payments online, there are many moving parts that work together to move money from one bank account to another. Some e-commerce platforms have their own payment processor, while others require integration with third-party companies like Stripe or PayPal. For example, Shopify has its own payment processor, but also allows you to use third-party processors if you prefer. If you use Shopify’s processor, you’ll pay 2.4% to 2.9% + $0.30 per transaction. If you use a third-party company, Shopify takes 0.5% to 2% of each transaction on top of the third-party company’s transaction fee. So, it makes sense to use Shopify’s processor if you’re looking for lower transaction fees. Each e-commerce platform handles transaction fees differently, so make sure you understand what you’re responsible for before making a final decision.