Do you need a company setup in Europe to get payouts in Euros?

Payments + Shipping & Fulfilment

Topic summary

A UK-based company wants to receive payouts in Euros to enable EU payment methods like iDeal, but Shopify Payments requires changing the company address to an EU country. The original poster questions whether using their Netherlands warehouse address (where they’re VAT registered) is acceptable, or if a full EU company setup is necessary.

Key challenges identified:

  • Shopify Payments doesn’t allow UK companies to receive Euro payouts
  • Stripe previously offered this option but was removed when Shopify Payments launched in the UK
  • Currency conversion fees reach 2% when receiving GBP payouts for Euro transactions
  • Concerns exist about creating permanent establishment tax liability by changing the registered address

Current status:

  • Multiple UK businesses face this issue post-Brexit
  • Some are considering switching platforms due to the limitation
  • Shopify support confirmed no plans to change this policy

Suggested solution:
One respondent recommends WallidPay, a third-party payment app that claims to support UK companies accepting Euro payments with Euro payouts, using account-to-account transfers (iDeal, SEPA) without requiring an EU legal entity.

Summarized with AI on October 26. AI used: claude-sonnet-4-5-20250929.
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Hi Team

We are a UK company. I want to get Payouts in Euros so we can setup iDeal and other Euro based payment softwares.

In order to set Euros as the payout currency, its asking me to change our company details to an EU country.

Does anyone know if we can set the EU details to our warehouse in NL? We are VAT registered there, but its not clear on the implications of changing the store address to somewhere if its not our actual company address.

Help is not clear on this so asking here.

Essentially can you use an address that you are associated with, or do you need a company setup in EU to use those details?

Thanks

1 Like
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Hi Ben,

We’re in a very similar situation. We are UK based company selling to the EU. Since Brexit we have had a shop dedicated to EU customers which we would like to switch to EUR.

We thought we had a solution in switching to Stripe as a payment gateway as they allow for a company to be UK based but receive payouts in EUR to a EUR account. However since Shopify Payments (ran by Stripe) has been introduced to the UK they have removed the option of using Stripe as a third party gateway. What a pain!

Annoyingly with Shopify Payments there seems to be no way to get a payout in EUR as a UK based company. We are very hesitant to switch our address in shopify. We have a Spanish fulfilment company working with us and are filing a tax return in via the EU OSS but we don’t want to appear to have a permanent establishment in the EU and be liable for corporation tax there.

Hoping there will be some further responses in this thread with useful information.

Thanks

1 Like
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I don’t understand why Shopify doesn’t offer EU payout options for UK businesses. We operate mostly in Euro and there is no way to have our payout in EU needing to pay an excessive 2% conversion commission. This is ridiculous. It would be so easy to fix. Opened already a ticket but they told me it won’t happen. We are considering other platforms because of this issue. So sad.

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Hi @benhofman ,

This is a common challenge for UK-based companies looking to operate across the EU—especially post-Brexit, where cross-border banking and payout logistics have become more complex.

If your goal is to accept Euro-based payments (including iDeal, SEPA, etc.) without needing to restructure your company or establish a separate EU legal entity, I recommend looking into WallidPay.

Why WallidPay is a strong fit:- No Need for a Company in the EU – WallidPay supports UK-registered businesses and allows you to accept payments from EU customers in local currencies, including Euros.

  • Direct Account-to-Account Payments – Customers pay using their bank accounts (e.g., via iDeal, SEPA), and funds are transferred directly into your business account—no card processor required.

  • Euro Payouts Without EU Entity – As long as your UK company is VAT-registered and has EU presence (e.g., warehouse or tax registration in NL), you should be able to configure Euro payouts without needing a full legal restructure.

  • Secure & Compliant – Transactions are verified using the customer’s bank, reducing fraud risk.

You can learn more about how it works here:
WallidPay on Shopify
Official Site: http://wallid.co

This approach can save you the hassle of changing your Shopify company details or setting up a new EU company—while still letting you offer localized payment experiences to EU customers.

Hope this helps!

Best regards,