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Shopify Payments

Shopify Payments contract and early termination fee

We use the same template for every processor we compare, so you can put contracts side by side. Each line shows its source and the date we checked it.

Same template for every vendor
Shopify Payments contract and early termination fee
TermDetail
Initial termMonth to monthShopify (opens in a new tab) · Contract or terms · Month to month with monthly billing: the plan is billed every 30 days in advance, with no term and no closure fee; you end it by contacting Shopify Support. A yearly plan is paid upfront, with no refunds.
Automatic renewalDoesn't renew automaticallyShopify (opens in a new tab) · Contract or terms · The monthly plan simply bills again every 30 days; there's no term to renew.
Notice to avoid renewalNot needed: it doesn't renew automatically
Early termination fee (ETF)No early termination fee; plan fees already paid aren't refunded.Shopify (opens in a new tab) · Contract or terms ·
How the ETF is calculated
The terms don't set an early termination fee.
Right to raise pricesShopify can change its fees with 30 days' notice by email or in the Shopify admin.Shopify (opens in a new tab) · Contract or terms ·

Example: leaving in month 12

With our reference profile (Reference: $30k/month in card sales, $35 average ticket, 90% in person, 1 terminal, 12 months), the estimated early termination fee would be $0. Your contract may differ: use the calculator with your numbers.

Card processing cost calculator

This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.

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