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Magento is widely known as one of the most popular open-source platforms in the world. Magento’s greatest weakness is its speed. The total cost of ownership can be steep when you take into account the hosting, security, maintenance, designing and development costs. BigCommerce is a SaaS platform that provides business owners with an eCommerce solution through monthly fees. Shopify is an open source platform that is well-known for developing small to medium-sized businesses using WordPress.