Shopify is a hosted platform. This means that all the hosting costs are included in your subscription. Magento on the other hand is a self-hosted platform and you have to pay for extensions, domain, security, and other services. This might make Shopify look cheaper at first but there are extra charges for themes and apps, unlike Magento where the cost incurred only depends on your requirements. Though Shopify is expensive, at the end of the day I found the pricing to be simple and straightforward. I also appreciate the convenient cost of using Magento.
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