Canada-based Shopify (SHOP), an e-commerce platform that serves independent retailers, announced Tuesday that it will lower the amount of the share they take for using its app in a move that follows the lead of tech titans Apple, Google, Microsoft and Amazon.

Shopify will offer developers 100% of their revenue from the first $1 million they make through its app.

"We help people achieve independence by making it easier to start, run, and grow a business. We believe the future of commerce has more voices, not fewer, so we're reducing the barriers to business ownership to make commerce better for everyone," the company said.

"We are making it easier for you to change the direction of the future of commerce and make a living doing it," Shopify President Harley Finkelstein said.

Shopify was founded in 2006. The company works with 6 million businesses in over 175 countries.

The blog "One More Cup Of Coffee" touched on "How Much Money Can You Make On Shopify?"

"A realistic average income from selling on Shopify would be between $1,000-$1,500 per month. You could potentially scale that up to $10,000/month with a serious drop-shipping strategy since it costs less overhead to dropship than it does to sell your own inventory on the platform," the blog noted.

Finkelstein also announced the company will raise commission rates for developers from 15% to 20% for those who make $1 million.

RELATED STORIES