To receive the payouts, you need to have a bank account in the currency that you want to be paid in. If your country supports multiple payout currencies, then you can change your payout currency to another supported currency. the currency exchange rate that was used for an order from the order's timeline.the current currency exchange rate from Payment providers.Shopify Payments supports the following country and payout currency pairings: Supported payout currencies based on countries and regions Store locationĪvailable payout currency (bank account currency)Ĭanadian dollars (CAD) or United States dollars (USD)Ī currency exchange rate and a conversion fee are applied when a payment is captured or when a refund is issued. For example, if your store is located in Canada but you want to be paid in USD, then you need a USD account that is based in Canada. Your payout bank account needs to be located in the same country as your store. Your choice of payout currency depends on the location of your store. Payout currency - the currency that Shopify Payments uses when it deposits money into your bank account. See Changing your store currency for more information. Although your payouts can only be in your local currency, your store currency can be any that are listed in the currency selector in your store settings. For example, this is the currency that you use when you set prices for your products. Store currency - the currency of your Shopify admin and your reports. Your store uses the following currencies: Learn more about selling in local currencies with Shopify Markets. Alternatively, you can open a separate bank account that accepts USD currency, but then you have to manage both accounts and move your funds between them. If you need to pay your suppliers and employees in Euros, then set your payout currency to Euros (EUR). If you sell to a lot of Americans, then set your store currency to United States dollars (USD). Suppose that your store is located in Europe, but the majority of your customers are in the United States. If you decide to deactivate two-step authentication in the future, then you expose your account and financial information to potential criminal attacks. Learn more about setting up two-step authentication and account security in general. To use Shopify Payments, you must secure your account by setting up two-step authentication. Learn more about which countries and regions are supported. Shopify Payments is only available to stores that operate in certain countries and regions. Noteīefore you use Shopify payments, review the following requirements: That is, your store currency can be different from the currency of your bank account. The currency that your customers use to pay for their orders can be different from the currency of your payouts from Shopify Payments.
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