Is Shopify Safe?

by | Sep 18, 2018 | e-Commerce | 0 comments

The answer is simple: Shopify is one of the safest, most popular ecommerce platforms in the world.

Every month, hundreds of people search Google using ‘Is Shopify Safe?’

Let’s put that question to bed by confirming once and for all that yes, Shopify is safe. Shopify is the probably safest ecommerce platform to launch your business by almost every measure. In this article, we cover the most important aspects of security from an e-commerce business owner’s perspective.

Shopify - Top Pick
  • Rating 100% 100%
What we like:

  • Easy to use
  • Beautiful themes
  • Competitive pricing
  • 24/7 support
  • Huge plugin library

No credit card required.

Shopify keeps its ecommerce platform (and by extension, your store) safe by:

  • Offering white hat hackers bounties for finding security loopholes or bugs
  • Rolling out security updates instantly and simultaneously to all users
  • Providing best-in-class risk analysis tools

Shopify’s Bug Bounties Program Promotes Security

One of the most important ways companies can show customers they are serious about security is by providing a ‘bug bounties’ program.

Bug bounties are monetary rewards paid to ‘white hat hackers’ – also known as security researchers – for finding and reporting program vulnerabilities to a company in a responsible manner.

is shopify safe

Shopify’s bug bounties program rewards white hat hackers generously

Shopify’s bug bounty rewards range from $500 – $12,500 depending on the vulnerability discovered, and they have paid out over $180,000 over the lifetime of the program.

shopify free trial

This means that instead of trying to exploit these vulnerabilities at the expense of Shopify users, hackers who find a weakness can simply report it to Shopify for monetary rewards. This arrangement is much better for everyone involved.

Shopify is a SaaS Platform

Shopify is a hosted, SaaS platform as opposed to a platform like WooCommerce or Magento, which are open source platforms. 

Here’s an easy way to think of why this difference matters: anytime Shopify makes a security update, it’s rolled out to all of their customers immediately, without any customer interaction or involvement.

On the other hand, anytime a WooCommerce security update is released, it’s the responsibility of the site administrator to apply the patch and upgrade their web server. Without taking this extra step, the site’s security is compromised.

If you’re using an open source platform with many plugins for additional functionality, your risk increases, as each plugin also needs to be maintained and updated separately.

This can quickly become an overhead many people don’t keep up on, while malicious attackers are scanning millions of online stores with out of date software. Once they know who to attack, they attempt to take over the site, commit fraud, or spread malware to the site’s visitors.

Failure to update software can also cause a Google search penalty which can kill your organic search revenue unless your site is quickly fixed by security experts.

Shopify’s Best In Class Risk Analysis Tools

Fraudulent orders are extremely damaging to an ecommerce business. When a customer initiates a charge-back, not only are you charged a charge-back fee and lose the cost of the product and shipping, you can be suspended from processing payments by your payment processor and unable to take your customers money.

Obviously, it’s impossible to run a functional business when you can’t get paid.

Shopify makes it simple to assess the risk of a fraudulent order and will automatically cancel it if anything looks suspicious. If you’re experiencing issues with Shopify’s built-in risk assessment, you can supercharge this feature by upgrading to a 3rd party app in the App store.

Shopify verifies the authenticity of each order by running a few checks including:

  • Verifying billing street address
  • Verifying credit card details against given billing address
  • Verifying if the credit card has been flagged for fraudulent orders before

Here at Logic Inbound, besides providing rock-star-level services for our ecommerce clients, we run our own ecommerce sites. Here are a couple of orders we received recently:

Low Risk Analysis in Shopify

Shopify has identified that this order is very likely a legitimate order based on characteristics like billing address and card information.

High Risk Analysis in Shopify

This order has many red flag factors correlated with fraudulent orders: the billing address doesn’t match the country the card was issued in, and the card has been used in fraudulent orders before.

 

Shopify Is Incentivized To Keep You Safe

Shopify is a publicly traded company with 500,000 customers, $150 million revenue, and a $10 billion dollar market cap, making it the most valuable ecommerce platform company in the world. A significant percentage of their revenue comes not from monthly fees, but by taking a percentage of gross sales your store earns.

Security risks impacting your ability to generate and grow revenue directly impact Shopify’s bottom line, and as such, they have to take security very seriously.

shopify free trial

Ecommerce business growing slower than you planned? Logic Inbound is an ecommerce growth marketing agency that has generated millions of dollars from companies ranging from startups to multinational manufacturing organizations. Fill out our discovery form and find out what we can do for your business.

Click Here to Book a Marketing Strategy Session

How to Increase Your Customer Lifetime Value with Email Marketing

How to Increase Your Customer Lifetime Value with Email Marketing

There are businesses that spend all their money and resources on acquiring new customers, and there are ones that focus on retaining their existing customers as well. Growing your business by acquiring new customers exclusively is an expensive proposition. Customer...

Hunter.io Review

Hunter.io Review

We do a significant amount of outreach everyday here at Logic Inbound, so I’m always on the lookout for tools that will make that a little easier. Being a digital marketing agency focused on healthcare clients, we reach out to hundreds of doctors every month, and with...

7 Etsy SEO Tips to Help Your Products Get Found Quickly

7 Etsy SEO Tips to Help Your Products Get Found Quickly

You've probably heard about SEO before, and if you're reading this article, chances are you know its benefits and application. But, do you know how to effectively apply an SEO strategy to your Etsy shop? Well, not everyone does, and we are here to change this! A good...

Best Free Invoice Templates: Rated!

Let’s face it: invoicing is time-consuming, frustrating and sometimes even cumbersome. Perhaps it’s because of laziness on our part that we haven’t really researched more convenient solutions than your average Excel spreadsheet or worse, a Word file. The end of month...

What is E-Commerce Automation and What Tools or Software Can Help?

Learn how to save time and resources by implementing ecommerce automation software across Shopify, Magento and other platforms.

How long should your blog post be in order to rank on the first page of Google?

The length of your blog post can have a direct effect on its search rankings. Find out exactly how you can determine the ideal word count for your blog post to help it perform better in SERPs.

WooCommerce SEO Guide

If you are building your e-commerce site on WooCommerce you can drastically improve the amount of site traffic and visitors you see by improving your SEO, or search engine optimization. SEO is an art as much as a science, so there is no one simple way to get it right....

YouTube Thumbnail Size Guide and Best Practices 2019

The best YouTube thumbnail size is 1280 x 720 pixels. That means 1280 pixels wide and 720 pixels tall. The minimum width of the thumbnail should be 640 pixels. Ideally, you want to choose a thumbnail with a 16:9 aspect ratio.

2018 Digital Marketing Statistics and Trends

Learn about the latest and greatest digital marketing trends with our comprehensive guide.

Shopify Reviews: Promoting Your E-Commerce Business

Shopify is one of the most popular eCommerce platforms available today. It allows anyone to create a fully functional, professional online store without touching a line of code. If you're considering using this popular ecommerce platform, you'll probably need to scour...

Shopify SEO

Search Engine Optimization (SEO) for Shopify When you come across the term SEO, your initial thought process probably involves one search engine or another. You are absolutely correct, too. SEO stands for search engine optimization and it relates to the way by which...

WooCommerce SEO Guide

If you are building your e-commerce site on WooCommerce you can drastically improve the amount of site traffic and visitors you see by improving your SEO, or search engine optimization. SEO is an art as much as a science, so there is no one simple way to get it right....

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Side Project Sunday

Learn about why Logic Inbound routinely launches exciting side projects and ventures.

9 Tips to Improve Your eCommerce Marketing Strategy

Running a successful ecommerce operation these days requires the backing of an effective marketing strategy. In this post we list 9 actionable tips that can help improve your ecommerce marketing strategy.

How To Avoid 9 Ecommerce Website Design Conversion Killers

“If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” - Jeff Bezos (Founder of Amazon.com) E-commerce entrepreneurs can never take customers for granted as a single design mistake can kill their sales and hurt...

Wix vs Weebly: The Best Option for Creating Your Own eCommerce Website

Figure out whether Weebly or Wix is right for your business.

What is Shopify Flow?: A New Ecommerce Automation & Marketing App for Shopify Plus Members

Flow for Shopify Plus is an automation tool that helps free up valuable time and resources by letting the platform take care of repetitive ecommerce tasks.

Shopify Pricing – Shopify Price Plans Explained

We compare Shopify price plans and discuss in detail what they have to offer in terms of features and value to the user.

Shopify SEO

Search Engine Optimization (SEO) for Shopify When you come across the term SEO, your initial thought process probably involves one search engine or another. You are absolutely correct, too. SEO stands for search engine optimization and it relates to the way by which...

Shopify Reviews: Promoting Your E-Commerce Business

Shopify is one of the most popular eCommerce platforms available today. It allows anyone to create a fully functional, professional online store without touching a line of code. If you're considering using this popular ecommerce platform, you'll probably need to scour...