Is Shopify a scam or Is Shopify a legitimate company to trust?

Is Shopify A Scam Site??

is Shopify a legit website??

Is Shopify a legitimate company??

Is myshopify fake??

Are you looking for the right answer to these questions??

I will help you to provide a detailed answer to these questions.

What is Shopify?

An eCommerce platform company, it was founded by three founders: Tobias Lütke, Daniel Weinand, and Scott Lake in 2006 in Canada. it provides an eCommerce platform, where users can create an online store and start selling their products digitally.

1. Shopify’s headquarters is in Ottawa, Canada
2. Shopify is serving 175 countries in the world with millions of customers, and businesses are running on the Shopify platform.

Shopify is Listed in NYSE & TSE

This is proof of whether can Shopify be trusted? and the answer is Yes. It’s listed on the USA and Canadian stock exchanges.

The question is Shopify legit? is answered here. check quick facts about the Shopify company’s net worth and employees’ strengths and other milestones.

• Shopify was listed on the New York stock exchange on 21st May 2015 and the symbol was “SHOP”.
• Shopify offered a $17 price for each share and on the first day, it was trading 60% higher at $28 on NYSE
• what a great opening for a stock right??
• Shopify IPO raised $131M in money.
• On the same day, it was listed on TSE (Toronto stock exchange) as well with the symbol name “SH”
• Shopify Networth: As of 19 April l2023, Shopify has a  $62.81 billion net worth.
• As per the market financial experts, Shopify market cap has decreased between -22% to – 23% in the last year 2022.
• As of 2020 – Shopify’s Revenue crossed 293 Crores USD.
• Shopify has 11600+ total employees strength globally, data is based on the year 2022.

So my question is, Do you think Shopify is a fake or a legit company?? think about it.

Shopify Founders

Shopify was founded by two people and 3rd person joined the Shopify core team a little later. Tobias and Daniel are still running Shopify and 3rd found Scott left the Shopify team and founded his own company in year 2008-2009.

Tobias Lütke –

•  Let’s have a quick biography of the Tobias Lütke
• He is the co-founder and CEO of Shopify since 2008 till today
• Tobias Lütke’s net worth is 4.6B USD as per Fobes reports published in 2023
• He is the 11th richest man in Canada as per the media sources
• He was born in 1981 in Germany
• He is 42 years old as of now in 2023
• He did his education at Carl Benz School (BBS technology Koblenz)
• He is 1.78 M long in height
• Tobias founded two Organizations: Shopify and JadedPixel
• Tobias holds the nationality of Canadian and Germany
• He donated 1M USD to an organization called Team Trees which does planting on the earth.
• Connect with Tobias Lutke on Twitter

Daniel Weinand –

• He is the 2nd founder and core team member of Shopify.
• He joined the Shopify company bit later
• Daniel Weinand is working as Chief Design Officer since 2008 at Shopify
• Daniel Weinand net worth is approx 2B USD as per Forbes reports.
• You can connect with Daniel Weinand on the Twitter
• His wife name is – Joelle Weinand
• He is having a child name, Jack Weinand, he was born last year on April 22
• He was born in Germany and has Canadian Nationality as well

Scott Lake

• He is the 3rd founder of the Shopify
• He is very much passionate about technology and a visionary entrepreneur
• Scott Lake’s net worth is approx 1.6 B USD as per the media sources.
• He is the CEO and Founder of Hello Ventures also.
• He worked as a university lecturer, a Driver at NATO, and Ph.D. in Political science.
• He founded more than 3 startup companies and sold them to Large MNCs.
• Scott Lake quit SHopify in the year 2008 for his next venture
• Connect with Scott Lake on the Twitter

Do you still think Is Shopify fake or Legit??

Shopify offers plans for everyone from small businesses to midsize businesses or large companies can run their online store on Shopify. You can also set up your website in minutes using the Shopify website builder tool.

Shopify Features

• Shopify is only providing a user-friendly eCommerce platform to small and large businesses and for that, they are charging a monthly fee only.
• After taking the Shopify subscription you can add your hard core products images, services products, digital products, tuition/classes kind of products, or subscription kind of products to the Shopify Store.
• After adding those products, and their images, description, videos, prices, etc, add your payment gateway for the customer payment so that if a customer buys your product, money will be credited into your account directly.
• You can take Shopify Partners’ help to set up your store in a professional way.
• Shopify is not charging any amount for each sale Shopify does not take any cut, it’s all yours.
• So what is Shopify actually providing??
• Shopify provides a platform to list your products and sell them to a large customers base
• you can configure your delivery partners, tax calculations, inventory management, and add/remove/update the products and
• many more features are available to sell products on social media platforms through Shopify, payment security, your product and
• content security, your Shopify store loading speed, language translation, user information security, and 24 hours support, etc.

So Shopify is only providing a medium to sell products tension free.

Now Who says Is Shopify a Scam? Do you still have doubts? Is Shopify legit or fake??

Of course not, Shopify is not a SCAM.

Explore More Features of The Shopify

It is a Legit reputable e-commerce platform of the world, which is a global leader accepted by millions of users, small and large companies, retailers, and individuals.

Understand what is Shopify in 5 quick facts

1. 4.5 M online shopping websites are running live on the Shopify platform
2. As per media reports, more than 7 M sites have been hosted so far on Shopify including past and current times.
3. Shopify processed more than $180B money using online sales through its online store globally in 2021
4. This number increased by 58% in the year 2022
5. Shopify is holding approx 25-28% of the global market share, whereas open source eCommerce platform woo-commerce is holding 28-30% market share and leading the world.

Shopify store official list

1. Haus – This is a London – UK based furniture and homeware online store
2. The Critical Slide Society – This is an online cloth store, they are providing attractive clothes.
3. Studio Proper – selling digital products
4. Tluxe – selling designer dresses
5. Quad Lock – selling gym accessories
6. The Modern Shopify – selling home and kid’s items
7. For more, You can explore the full list here – https://www.shopify.com/in/blog/shopify-stores

This is the fact that if you are a world leader, your competitors will try to pull you down, there may be a few sites hosted on Shopify which are doing fraudulent activities but Shopify has nothing to do with them.

It’s your business, you are responsible for doing the right business or illegal, If any user finds any site hosted on Shopify and doing illegal or fraud kind of business, please do complain against that company to your local police station or whatever legal department in your country as per the law.