Multi-currency and payouts to multiple accounts?

Hey, @rivalhockey @merlic @yarakamal !

Thank you all for hopping on to this thread.

I can understand and appreciate how important this is to have for your businesses.

Regrettably, I do not have a timeline update for you, however if there is any update you will see it here first on our Shopify Changelog. That being said, feedback like this is super important, so I will add all of this feedback for our developers to take a look at further. While I cannot guarantee any updates or timelines, please know that we really do appreciate your voice!

Hi,
Looping in cause we are moving to Shopify, one store with markets, and we are in the same situation.
With Stripe we had no problems managing two bank accounts (one for € and one for $), but now with Shopify payments I have seen that it is not possible to link payments to two different bank accounts.
I therefore join the request as it would be essential to better develop the markets and allow us merchants to develop sales, not to lose money in the unfavorable exchange rate and to consider opening up to new markets as well, (thus increasing more and more sales and profits for all).

Hey @Paola10 !

Thank you for joining this thread and for this feedback, it is much appreciated!

I have also logged this feedback with our developer team along with the others above.

Which platform are you going to be migrating from?

Also jumping in here to request an update on the feature request above.

This is clearly an important feature for many businesses so it would be helpful if Shopify could provide a timeline of when this might be addressed.

Hi @MovingForward !

Thanks for providing this feedback. At the moment there is no update on this feature request and that is something we generally do not provide. The best placed to keep an eye out for updates on this is our Changelog here. If there are any changes regarding this feature, you’ll see it first there!

Hello Maz,

we are migrating from Magento 1.

Hi @Paola10 !

Thank you for responding!

I am excited to learn that you’re going to be migrating from Magento 1 over to Shopify. When are you looking to start the migration, or have you already begun the process?

Ecommerce migration and replatforming is a reality many businesses at some point will have to face. Ecommerce migration has historically been viewed as a time-consuming and costly burden. And without the proper plan and execution strategy, it can be. This process can be achieved by using CSV files or automatically using apps, depending on what you’re more comfortable with. Have a look at these options below and let me know if you have any questions:

Also, if you have the time, I’d recommend checking out our resources on Migration such as What you need to consider when migrating here and Migrate to Shopify here.

As always, if you have any questions, let me know!

Is there any news about this feature? I think it’s the most important feature for any serious multi-markets shopify store.

Hey @iopool !

We’ll continue to provide feedback to our developers for members who provide use cases that haven’t already been shared in this thread.

We do not have a timeline for when updates will be available, but we will update you here on our Changelog once we have further information to share.

Let me know if you have anything additional you would like to add.

Also jumping in here to request an update on the feature request above.

I have a Swiss business and sell both in UE (in EUR ) and Switzerland (in CHF). Not being able to link 2 different bank accounts makes no sense! Especially when we all know that Stripe offers that option.

This is clearly a key feature for many businesses so it would be helpful if Shopify could provide a timeline of when this might be addressed? Many thanks for your help

Hi Maz, I have been waiting and subscribed to this thread so we can have this feature! Can you please check with the team and really put in a request for this. It seems to be very highly needed by so many people. We could also make a lot more sales and sell more with this feature which will in return increase shopify’s revenue as well from all of us merchants. This is a feature that is highly needed. So please please do try your best to help bring this to Shopify.

Hello, I had a chat with a Shopify Plus rep 2 weeks ago. He told me that a feature like this is on its way to Shopify Plus only. It would be released this year. So no luck for all the merchants on regular Shopify.

Hi @LuciaTSATS !

Thank you for joining this thread.

I can appreciate how this would be important for your business and how it would be beneficial to you.

Regrettably, I still do not have any timelines, as mentioned previously on this thread. Please continue to keep an eye on our Changelog at this link or Announcements page here for any upcoming updates.

That being said, I will add your feedback with your examples for our developers to review. Thank you for your feedback in this matter.

Let me know if there is anything else I can help you with regarding your store!

Hi, @yarakamal !

Thank you for your input on this thread.

I have also entered your feedback to the existing request for the option of payouts to multiple accounts! Though it would be difficult to provide any concrete timeline to you regarding the changes, I can assure you that your request will not go unheard, so many thanks for this!

Aside from the above, how is everything else going on in your store?

Thank you Maz for your response! Hope Shopify will do something about it soon :slightly_smiling_face:

Hi @iopool !

Thank you for your input on this thread.

While I cannot confirm this information to be true, I will be relaying your request to our Product team surrounding this product! Thanks for your patience in the meantime.

Why hasn’t this been implemented? This is an easy fix and would only take 1-2 days of development at the absolute outside. People have been asking fo rthis for years now & still nothing. We pay a lot of money each month for this platform & stuff like this should get fixed a lot faster than it is…

Hey @TheZOOMGuy !

Thanks for hopping on to this thread and for your feedback.

I can appreciate that many have been asking for this feature and that it might be frustrating to not have this on the platform as it would be beneficial for the business operations.

This is simply a feature that has not yet been added and it is expected behaviour in line with international laws and the nature of Shopify’s platform, however I am happy to go ahead and add this feedback for the developers along with the others for you.

This is not an acceptable response. All the platforms engage in this type of behavior, where they keep focusing on minor useless frills and ignore the meat and potatoes fixes that store owners need.

There is no reason for this change to not be in place by now.

Hi Maz,

Just dropping in here to also subscribe to this thread.

Multiple payout accounts are something incredibly essential for businesses that sell for example across all of Europe. We plan on migrating 5 stores from Woocommerce to Shopify and only being able to receive payments in one currency account is a huge drawback (that typically means the store is more expensive to run or prices need to increase to balance currency conversions).

Shopify Plus is not an option for us, so if the feature only gets launched there it is not useful to your main (and biggest) audience of normal Shopify users.

I hope Shopify will recognize the increased revenue it will get by implementing this feature as a standard and helping users actually sell more and cheaper!