Ways to add fees for Shop Pay, Klarna, PayPal Credit?

Shopify Discussion
1

So I know this topic has been covered multiple times, but I feel like this should be such an easy fix! I have had my business selling gaming computers for 5 years now and my biggest struggle has always been low profit margins. After employee pay, overhead, boxing materials, etc. we are lucky to profit 5%. So on a $1,000 build we may make $50.

We also really need to keep up our sales volume and Shop Pay/Affirm, Klarna, PayPal Credit, help a ton with getting sales. Sadly of course those apps all charge the Seller (why I don’t understand?) and often times we’re looking at 5% to 8% of the total sale, so we then go negative or break even.

All I want for my shop is to be able to tack on a fee for anyone using FINANCING options, maybe 5%-10% extra on top of the MSRP pricing if someone chooses to finance. It seems to be impossible though. I’ve tried multiple apps, the idea of raising the price of everything and then offering a 10% discount to those who don’t finance, but everything has to be done manually if that’s the case.

I think this is a VERY important topic and something that should be an option for Shopify store owners. We shouldn’t have to eat financing fees as hard as we do.

Thanks,

PCBros

2

@PCBros what Shopify plan are you on?

Depending on your plan there are two options that come to mind:

  1. It’s not a super turnkey solution, but if you are a Plus merchant you should have access to Functions in Checkout, and more specifically the Cart Transform Function API.
    This gives you access to write some code that will apply a “transaction fee” line item for any order with a payment method matching the financing options you want to up-charge.
    This will be a smooth customer experience, but it’s definitely the more technically complex solution
  2. There are a handful of apps like UpCharge Fees or PioPay Discount Payment Method allowing you to either apply an upcharge fee at checkout or a discount for specific payment methods to solve for your situation.

Hope it helps!

3

I would look into in-house solutions to reduce costs and raise profits. Personnel and payroll cuts, production efficiency and automation, packaging and shipping automation, changing supplies and equipment vendors, etc.

On the front end, I would also look into raising the product price rather than tacking on fees after the fact.