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About Shopify
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. In addition, the Shopify platform offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools.
The company reported that it had more than 1,700,000 businesses in approximately 175 countries using its platform as of May 2021. According to Builtwith, 1.58 million websites run on the Shopify platform as of 2021. The total gross merchandise volume exceeded US$61 billion for calendar 2019. In 2021, Shopify will rank number one for largest publicly traded Canadian company by market capitalization. Total revenue for the full year of 2020 was US$2.929 billion.
How Shopify Works
Shopify works by unifying all of your commerce into a single central command center. If you’re a merchant with both an online and physical presence, your inventory and stock sync automatically so you can manage your store(s) from one account, on any device.
With Shopify, merchants can build and customize an online store and sell in multiple places, including web, mobile, social media, online marketplaces, brick-and-mortar locations, and pop-up shops. Additionally, it also has features to manage products, inventory, payments, and shipping.
Shopify is completely cloud-based and hosted, which means you can access it from any connected compatible device and we’ll handle software and server upgrades and maintenance for you. Additionally, this gives you the flexibility to access and run your business from anywhere with an internet connection.
On any given day, a business owner needs to showcase products, engage with customers, receive payments, ship a product, and manage their day-to-day finances and operations. Also, some businesses use different tools to manage each of those activities—and spend a lot of time and money stitching the disparate systems and data together.
Alternatively, commerce platforms bring together those technologies and can serve as the foundation for other applications, processes, and technologies. In other words, Shopify’s commerce platform offers all of the business tools you’ll need in one, familiar place. And then we ensure that you can easily access and integrate any other business tools you want or need to make Shopify work for your business.
References
Wikipedia
Photo by Sarah Pflug from Burst
Photo by Matthew Henry from Burst