Hi @therealAYB - answers to your questions below:
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Subscriptions. I think you are looking at the Markets Pro documentation there. You can absolutely sell subscriptions with Shopify Markets. Plug ins like ReCharge support multiple currencies in a limited capacity (we are working with them on this), so it would be best to reach out to those providers to see what they support.
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Yes, returns are definitely possible, as you point out. (again I think you were referencing the Markets Pro documentation).