Does switching to Shopify Payments eliminate extra fees?

Hello and thank you for taking the time.

Right now, our shop is set up for payments using PayPal. However, the monthly transaction fees from Shopify (on top of the existing fees from PP) are killing our profits. We are using the Basic plan r/n.

‘IF’ we switch to Shopify Payments, my understanding is there will be ZERO fees? Or am I missing something else?

What fees can we expect to be charged if we switch to Shopify Payments? Fees from Stripe, or Apple pay, etc?

Meaning, we will pay the $29/mo for the Basic plan, and there would be

I will say, it is hard to navigate and find all of the answers to these questions in one place… so thank you for taking the time to break it down. We would really like Shopify to work for us, but these fees are adding up and we need to find a solution.

Many thanks,

Tracy

Forgot to add, we are in the United States.