Is it possible to get Shopify Payments to pay into separate accounts, or add more payment providers for other countries?
With the roll out of Shopify Markets we decided to combine our sites to one with our default being CAD and using fixed USD prices. It's now much easier to operate, but NOW it's a nightmare for book-keeping. Is there a way to have multiple shopify payments on the system, so (for example) that the CAD transactions payout to the C CAD side of the business and the USD transactions go to a USD account?
Or is there an alternative provider who can do this for us?
Or, should I just give up and go with running multiple stores again? and if that is the case? can we simply keep our CAD as the main, and once someone reaches checkout that is USD be rerouted to our US site that has the US bank account?
Thank you for reaching out to the Community! I'm happy to provide some assistance with payouts to get this resolved. To provide some context, Shopify Payments allows customers to both view the products prices in, and pay in, their local currency, but is not considered to be a multi-currency checkout.
To share some additional information, Shopify Payments will require merchants to select one selling currency per shop and can only receive payouts in one currency per shop. Due to this, you will be limited to having one bank account attached.
Additionally, the store currency can differ from payout currency but does depend on the location of your shop. For example, if your store is located in Canada (i.e store currency CAD) but you want to be paid in USD, then you need a USD account that is based in Canada. I recommend checking out our Selling and Getting Paid in Different Currencies documentation for more information.
As I can completely understand the impact of this, I'm more than happy to share these notes with our Developers. We are always looking for ways to improve the platform and appreciate this feedback. While we cannot guarantee this change, the more notes received on this topic will lead to its likelihood for change. As a workaround, you can look into reverting back to multiple stores if different bank accounts are required to keep finances in order.
Please let me know if you have any other concerns.
Hi Blair any progress on this?
Our shop is in New Zealand and am looking at the option of expanding to the Australian market.
We are wanting to set up a separate bank account here in New Zealand for the Australian sales to go into. So it is the same currency as you state above.
Id be happy enough making another website if need be but the issue I see there is that there will be 2 when ppl google search etc which would make things confusing. I like the IP setup I have on the current website for location currency.
Any thoughts to help with my situation? Looks like there is a huge demand for the multiple bank account options.
Make the shift from discounts to donations, and witness your business not only thrive fina...By Holly Dec 4, 2023
On our Shopify Expert Marketplace, you can find many trusted third party developers and fr...By Arno Nov 27, 2023