Multi currencies - is shopify payments compulsory ?

[ANNELAURE]

Hello everyone, 

I run a business since 2years, with  shopify  in the EURO zone and I use stripe & paypal to receive payments from my customers (only online business), in EURO

I would like to expand and offer the possibility to receive payments in dollars. (and keep also the EURO). 

I am not sure of what to understand. It seems only possible if I use shopify payments. Does that mean that Stripe will not be an option  anymore ? Stripe and Paypal are not useful anymore ? Is it compulsory to use shopify payments if we want to manage several currencies ? 

Thank you everyone, 

Best regards, 

Anne

[PurplePartner]

Hi @ANNELAURE,

Thanks for being part of the Shopify Community! Good question.

With Shopify Payments, people can pay in their own currency at the checkout (local currency), and then Shopify will do the conversion and payout the amount to you in your selected currency.

For example, let's say you're selling a toy in the UK for 10 Pounds. That would be €11.70. The client will see during the whole purchase funnel (Product Page, Cart, Checkout) the local currency for an improved shopping experience. In the Order details, you will see that the customer paid in a local currency, but once Shopify pays you the amount of money, they will convert the  10 pounds into €11.70, add their own fee (2%) and give you the final amount. 

Stripe is similar, however, if you use Stripe, at the Checkout the client will not see his default currency anymore. In our example, the client will see directly €11.70 instead of 10 pounds.

For PayPal, the client will pay on PayPal using whatever funds he has there - USD, EUR, SLK, Pounds, you name it - and you'll receive the amount as usual.

I hope this clarifies you! 

[ANNELAURE]

Hello, 

thank you so much for your time. I understood very well the difference between the two. However, I am wondering how I can activate the multicurrencies, without activating Shopify payments. It seems that I have to accept to use Shopify payments, in order to offer the possibility to choose your currency. Does that make sense to you ? 

Best regards

[PurplePartner · Accepted solution]

Hi @ANNELAURE,

You can use a third-party app for that. Look for apps here. Just keep in mind that the currency conversion won't exist at the Checkout, just on the other pages, like Product Pages and Home Page.

Mark this response as an Accepted Solution of it helped. Thanks!

[Yerihe]

https://www.linkedin.com/posts/techtolia_activity-7269910858955177984-rU6M

The solution is available now with Stripe, check this article.

[Bowec]

Thanks for the answer!