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

Best Ecommerce Platform for Your Business

Best Ecommerce Platform for Your Business

Shopify or BigCommerce? Wix or Volusion? We compare some of the most popular hosted ecommerce platforms and give our recommendation ones that provide great value to small businesses.

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...

How to Download Facebook Videos on Your Computer in ANY Browser!

Learn how to download Facebook videos on Windows, iOS and Android without using any malicious software.

The Best Shopify T-Shirt Fulfillment Apps in 2019

Start a successful ecommerce business selling t-shirts using a Shopify t-shirt fulfillment app.

Best WooCommerce Plugins for Taxes, Amazon, Coupons and More

Choosing the right WooCommerce plugins can be a challenge – there are simply too many plugins claiming to do the same thing. In this article we’ll talk about how WooCommerce plugins work and which ones you need to get right away.

Shopify Support

Find out where Shopify’s support begins and ends.

Best Coworking Spaces in Seattle

A new way to work – learn about innovative and exciting coworking spaces in Seattle.

4 Simple Tweaks You Should Use to Increase Your E-Commerce Conversion Rate

Converting visitors into paying customers can be incredibly challenging for most ecommerce business owners. We list 4 simple and actionable tips that will help your store get a better conversion rate.

Tips and Tricks to Move Your Growing Business Online

When you run a small business, growth is your #1 priority. This doesn’t necessarily mean that the goal of every entrepreneur is to scale their enterprise into a megacorporation. Rather, a focus on growth is built into every aspect of running a small business. Thing...

BigCommerce SEO Guide

Have you built your business’s e-commerce website using BigCommerce? Boost your site traffic and increase sales by improving your website’s SEO. After starting your business, setting up your e-commerce website and starting to sell your products and services via the...

0 Comments

Submit a Comment

Your email address will not be published.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

Awesome LinkedIn Headline Examples from LinkedIn’s Most Viral Influencers

Learn how to create LinkedIn headlines that help you stand out from the crowd.

Best Shopify Live Chat App Reviews (2019)

Nearly every online business these days needs to have a live chat support option. This is especially true for ecommerce stores that depend on satisfied customers for continued business. In this post we’ll be listing the best live chat apps for Shopify.

Volusion vs Shopify – Picking the Right Ecommerce Platform

We compare Shopify and Volusion to help you pick the right e-commerce platform for your business.

WooCommerce Subscriptions: Best Subscription Plugins for Woocommerce

Do you want to start offering subscription products on your WooCommerce store? By default, this functionality is absent in WooCommerce. However with the right subscription plugins, you can offer any kind of subscription-based products. Find out our recommendations for best WooCommerce subscription plugins.

WooCommerce Support: A Resource for WooCommerce Customers

WooCommerce is easily the most popular ecommerce platform in the world, and at any given time there are thousands of Woo users looking for solutions. In this article we’ll be discussing various support options (official and unofficial) available to WooCommerce users.

How to Download Facebook Videos on Your Computer in ANY Browser!

Learn how to download Facebook videos on Windows, iOS and Android without using any malicious software.

Shopify Support: All About Where You Go for Help with Shopify

Learn all the ways you can get in touch with Shopify’s excellent customer support personnel!

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....