Looking to find out when it makes sense for me to upgrade from the Basic Plan. Is there a threshold or a way to easily figure that out? Thanks!
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Hi @scrappuccino ,
If you have more transaction or sales every month then it make sense to upgrade. You get more features than the basic, and you will be able to save with lower credit card rates. You can check more information here.
How many transactions to make sense to upgrade? If every transaction is $20 then the following number of transaction will pay your plan each month.
- Basic Plan: About 33 transactions
- Shopify Plan: About 94 transactions
- Advanced Plan: About 374 transactions
- Plus Plan: About 2,949 transactions
You can use the following formula below to calculate it by yourself:
Number of Transactions = Monthly Fee / Income per Transaction
Income per Transaction = (Transaction Amount × Card Rate) + Card Fixed Fee