Pricing: Shopify generally more expensive
No matter which package you choose, there will be an ongoing subscription that can be cancelled any time.
Squarespace offers monthly and annual plans, whereas Shopify also lets you pay for 2 or 3 years. The longer your commitment, the lower the cost when calculated per month, but all subscription payments are required upfront and are non-refundable.
The platforms look alike at a first glance with their three online store subscriptions, but a direct comparison of the basic, medium and advanced packages highlights their very different costs. Firstly, Shopify charges for subscriptions (not transaction fees) in USD, while Squarespace has adapted all costs to AUD.
In this comparison, we’re disregarding Squarespace’s Personal plan that does not have any ecommerce features. Shopify also has a non-online store plan, Shopify Lite, as well as Shopify Plus that is only for enterprises, both not included in this comparison.
Basic Shopify and Squarespace Business have comparable subscription prices. As you upgrade to higher plans, Shopify gets much more expensive per month: $110 AUD (converted from USD) for Shopify versus $40 AUD for Squarespace Basic Commerce on a monthly plan, or $420 AUD for Advanced Shopify versus $61 AUD for Squarespace Advanced Commerce.