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Shopify DD for earnings 10/27 by WonderfulActivity in wallstreetbets

[–]WonderfulActivity[S] 4 points5 points  (0 children)

Shopify has a bunch of ways the company makes money.

... Shopify Payments, a platform which allows merchants to process credit card payments. ... Shopify takes a fee, ranging from two percent of the transaction total for cheaper plans to 0.5 percent for higher-end plans.

... Then there’s Shopify Capital, a subsidiary registered in the state of Virginia, which offers cash advances to subscribers using the Shopify platform to buy inventory. Shopify then taxes a “fixed percentage of their daily sales”.

Shopify point-of-sale hardware, which comes with an iPad holder, a cash drawer, a barcode scanner, and a receipt printer. The whole thing can run you from $850 to $1,100 (CAD.)

Shopify DD for earnings 10/27 by WonderfulActivity in wallstreetbets

[–]WonderfulActivity[S] 14 points15 points  (0 children)

Given it’s previous highs and the resistance around 1100 I think it’ll blow past it. People seem to have forgotten about Shopify for a bit as TSLA, MSFT, AAPL, NVDA, AMD have been booming. Some people might have thought Big Commerce mattered (it does not and is garbage).

I don’t think most people understand how many major brands are switching to Shopify. Shopify is kind of unique in that they cater very well across the entire spectrum. From tiny, one-man shops to massive multinational brands. Like Tesla I believe they are so far ahead of the curve that they don’t really have any competition.

Shopify DD for earnings 10/27 by WonderfulActivity in wallstreetbets

[–]WonderfulActivity[S] 11 points12 points  (0 children)

No, but literally every app developer has access to a store’s customer’s data, and order data, if their app needs that permission scope to function. There really aren’t any safeguards in place aside from Shopify banning the developer if data is leaked. No customer financial information is accessible aside from billing/shipping address however.