How is Helcim compared to Shopify?
Helcim vs Shopify pricing and fees.
Helcim
Shopify
Helcim uses an interchange-plus pricing model that passes the true transaction fees charged by banks and payment networks to merchants. These true fees vary every transaction. Average fees are based on common credit cards, excluding American Express, and an average transaction amount of $300.
Helcim vs Shopify pricing and fees.
Helcim
Shopify
Pricing model
Interchange-plus pricing
Flat-rate pricing
Monthly costs
$0
Basic - Advanced: $39-$399/month
Plus (3-year term): $2300/month
POS Pro (per location): $89/month
In-person payment processing fees
1.83% + 8¢ average*
Basic: 2.6% + 10¢
Grow: 2.5% + 10¢
Advanced: 2.4% + 10¢
Online payment processing fees
2.27% + 25¢ average*
Basic: 2.9% + 30¢
Grow: 2.7% + 30¢
Advanced: 2.5% + 30¢
ACH processing fees
0.5% + 25¢ for transaction below $25,000 (fees capped at $6)
Available through third-party integration (rates vary)
Volume Discounts
Up to 70% discount
Invoice Management
POS Solution
Recurring Payments
Virtual Terminal
Inventory Management
API Solution
Hosted Payments Pages
POS Hardware costs
Helcim Card Reader
Helcim Smart Terminal
Shopify Tap & Chip Card Reader: $49
Shopify Tap & Chip Card Reader with Dock: $89
Shopify POS Terminal: $349
Shopify POS Terminal Countertop Kit: $459
Shopify Tap & Chip Countertop Kit: $219
Chargeback fees
Additional fees and charges
Extra 0.4% per transaction when using Recurring Payments
Extra 10¢ per transaction when using Tap to Pay on iPhone
Extra transaction fees from 0.6% to 2% for merchants who process with 3rd-party payment roviders
PCI compliance fees
Helcim uses an interchange-plus pricing model that passes the true transaction fees charged by banks and payment networks to merchants. These true fees vary every transaction. Average fees are based on common credit cards, excluding American Express, and an average transaction amount of $300.
How much do Helcim merchants pay compared to Shopify?
In-person
Keyed & Online
Estimated savings at $40,000 Monthly Volume
Helcim’s displayed fees are estimated averages based on $40,000 in monthly processing volume and an average transaction size of $300. The average fees account for standard credit cards, but do not include American Express. Helcim’s interchange-plus pricing passes through the actual interchange and network fees charged by issuing banks and card networks. Since these underlying fees can vary by transaction, Helcim processing fees vary.
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Helcim vs Shopify: Pros and cons.
Helcim uses interchange-plus pricing with automatic volume discounts, which can be cheaper than Shopify Payments’ flat-rate pricing for businesses with higher transaction volume.
Helcim does not charge monthly subscription fees, while Shopify Payments is tied to Shopify’s platform plans.
Helcim supports in-person, online, invoicing, and phone payments across many business types and industries such as Professional Services, Contractors, Healthcare, etc., not just Shopify stores and eCommerce.
Helcim's features for eCommerce such as shipping, ordering and label are limited compared to Shopify
Helcim currently supports merchants based in Canada and the United States, while Shopify is available in more countries.
Shopify Payments is built directly into Shopify’s eCommerce platform, making it easy for merchants to manage their Shopify eCommerce store, payments, orders, shipments and checkout in one place.
Shopify has a large app marketplace that supports marketing, fulfillment, loyalty programs, and advanced eCommerce store customization.
Shopify Payments uses flat-rate pricing, which can be more expensive than interchange-plus processors like Helcim, especially at higher volumes.
Merchants who wish to use third-party payment processors have to 0.6% to 2% extra for each transaction.
Shopify Payments is primarily designed for Shopify stores and eCommerce, so it may not be ideal for other types of businesses such as Professional Services, Contractors, Healthcare, etc.
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Frequently asked questions.
