Shopify is an e-commerce software that allows you to create your online store and sell online. With this platform, you can easily manage inventory, market products online, as well as receive payments.
Square is known as a “suite” of payment software and hardware tools that assist all types of businesses with secure credit card payments. When it comes to integrating payments on an existing website or your current e-commerce platforms, Square allows you to easily sell online and accept payments from anywhere.
Square POS is free, however, there are some fees to keep in mind. There are fees of 2.6% + $.10 on all “in-person” credit card transactions taken on Square Readers and Stand or when using Square Terminal and Register.
Then there is a 2.9% + $.30 on all invoice and eCommerce transactions. Finally, there is a fee of 3.5% + $.15 on all “keyed-in” or card on file transactions.
For Shopify, they offer three tiers of pricing. For the basic level they charge $29 per month, the Shopify level is at $79 per month, and the advanced Shopify at $299 per month.
There is now a new integration between Square and Shopify which has made it possible to have a more unified inventory data. By using Sku IQ, an “omni-channel retailing system”, business owners can easily sync inventory, orders, and customers, so that they can manage both their brick and mortar store as well as their online store simultaneously.
Some of the fields from Square that can integrate with Shopify include: Item name, Inventory, Variant name, Price, SKU, Description, and Image. The fields that sync from Shopify to Square include: Title, Inventory, Color/Shade, Price/Compare at Price, SKU, Description, and Images.
All of the SKUs can be accessed online without having to worry about double data entry. When items sell in-store, it is automatically deducted from the Shopify store.
Furthermore, you can watch your sales in real-time in both Shopify and Square. You also receive information about your most loyal customers and vital analytical sales data to determine top-selling items both in-store and online.
Setting up Sku IQ is quick and easy as it integrates right out of the box with Shopify and Square. It takes literally seconds to get it up and running. There is absolutely no hardware required. There are no setup fees. However, if there is a special configuration that is needed for your store, this might incur fees.
Another great benefit is that Shopify syncs to and from Sku IQ in real-time. Square also syncs new orders to the Sku IQ platform in real-time. Due to API limitations, new products and inventory change every hour.
Not having a good source of stock counts for your brick and mortar store can be a nightmare for a business owner. Having the ability to synchronize inventory with Square and Shopify brings peace of mind. The Shopify Square Integration has become a welcomed solution for both online and in-store owners alike.