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by kennywinker
3488 days ago
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For context, shopify has pretty high monthly fees as well as taking a cut of sales. Last I saw they had over 200,000 shops, minimum $30/month (up to $300) means at LEAST $6 mil/month from monthly fees, plus some percentage of the 3.8 billion/quarter gross sales they process... whatever they get to keep after paying strip and the credit card companies. Even a half a percent means $19 million per quarter. So if you are a startup, growing fast, and bringing in well over $12mil/month... a lot of employees makes sense. |
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https://press.shopify.com/releases/shopify-announces-third-q...