Shopify expands Multi-Currency Payouts to Australia and France

Author

Felix

Published

September 21, 2026

What Shopify Changed

Merchants in Australia can now receive payouts in a total of 13 supported currencies.

These include

A total of 18 payout currencies are available to French merchants.

These include

Which bank accounts can be used depends on both the currency and the location of the bank account.

What Multi-Currency Payouts actually changes

Sales currency and payout currency will be more clearly separated

Shopify distinguishes between the currency in which a customer pays and the currency in which Shopify Payments deposits the funds into a bank account.

Without multi-currency payouts, an international sale may therefore trigger an additional currency conversion.

With a suitable payout account, the funds can remain in the same currency.

For example, a French merchant could have USD revenue paid out to a USD account instead of having it automatically converted to EUR.

This avoids an unnecessary additional conversion.

The feature does not automatically prevent all fees

That is an important distinction.

No currency conversion does not automatically mean there are no additional costs.

Shopify charges a multi-currency payout fee for payouts in a foreign currency. The fee varies by region and Shopify plan.

According to Shopify’s current documentation, fees for most international regions are 1.5 percent on the Advanced plan and 1 percent on Shopify Plus. Merchants should still verify the terms that apply to their store directly in the Shopify Admin.

For example, this means

A customer pays USD 1,000.

The merchant has a USD payout account.

Shopify can make the payout in USD, so no conversion to EUR or AUD is necessary.

However, since USD is not a domestic payout currency for a French or Australian merchant, the multi-currency payout fee may still apply.

Why this is relevant for international retailers

The main benefit does not come simply from having multiple bank accounts.

The feature becomes relevant when income and expenses in the same currency can be linked.

For example, a company can

Receive USD

→ Withdraw USD

→ Pay US suppliers in USD

In this scenario, it is not strictly necessary

USD

→ EUR

→ USD

be converted.

Avoiding unnecessary conversions can reduce exchange rate risks and operational complexity.

However, whether this is actually financially worthwhile depends on payout fees, bank fees, exchange rates, and the company's cost structure.

Requirements

Advanced or Shopify Plus

Multi-Currency Payouts are available to eligible merchants on the Advanced plan and Shopify Plus.

Shops on lower-tier plans will continue to receive payouts in their usual domestic currency.

Shopify Payments must be used

The feature is part of Shopify Payments.

A store that exclusively uses an external payment service provider cannot use Shopify Multi-Currency Payouts for these payments.

Supported region required

Not every Shopify Payments region offers the same payout currencies.

The available currencies depend on the location of the business entity. Shopify maintains a separate list of supported regions and payout currencies for this purpose.

A suitable bank account is required

A suitable bank account must be provided for each additional payout currency.

Following an earlier Shopify change, there is no longer a blanket limit of eight currencies. Instead, the general rule is one bank account per supported payout currency.

Which bank locations are permitted varies by region.

Differences between France and Australia

France

For French Shopify Payments accounts, EUR is the domestic payout currency.

Additional supported currencies can be paid out to eligible European accounts, among others. For USD, Shopify also supports US bank accounts.

European accounts generally require a supported IBAN that can receive payouts in the selected currency.

This allows, for example, a French merchant to manage a significant portion of its international payment infrastructure through European multi-currency bank accounts.

Australia

For Australian merchants, AUD remains the domestic payout currency.

Certain international currencies can be paid out to accounts outside Australia.

For example, Shopify supports

CAD in a Canadian account

EUR in a suitable account in the eurozone

GBP in a British bank account

NZD in a New Zealand bank account

USD in a U.S. bank account

Other supported currencies, such as CHF, DKK, HKD, JPY, NOK, SEK, or SGD, currently require an Australian bank account that can receive that currency.

These differences should be carefully reviewed before setup.

How to set up multiple payout currencies

Document the existing payment structure

Before adding additional bank accounts, it should first be clear which currencies are actually relevant.

A simple analysis could show, for example

EUR 55 percent of revenue

USD 25 percent

GBP 12 percent

CHF 5 percent

Other 3 percent

Not every technically supported currency automatically requires its own payout account.

View spending by currency

It should then be determined which costs are also incurred in these currencies.

Example

The company generates $200,000 in monthly revenue.

At the same time, it pays $140,000 to suppliers, logistics partners, and software providers.

In this case, it may make sense to keep a larger portion of the USD revenue in USD as well.

However, if the company has virtually no expenses in USD, the additional account structure may be less attractive.

Prepare bank accounts

A suitable account is required for each desired payout currency.

This should be checked beforehand

Does the bank support the respective currency?
Does the account meet Shopify's requirements?
Can the account receive regular Shopify Payments payouts?
bank fees are charged for incoming payments
Will there be additional costs for subsequent currency conversions?

Shopify notes that not every account type is eligible. For example, certain savings accounts, wire-transfer-only accounts, and some flex-currency accounts are not supported.

Add account to Shopify

It is managed through Shopify Payments.

Depending on the shop and region, merchants can add additional accounts there for supported payout currencies.

After that, payments in the corresponding currency are assigned to the respective payout account.

Use small test volumes

For enterprise setups, a new payout structure should not be activated immediately for high transaction volumes.

A controlled test is a sensible first step.

This should be checked

which order was assigned to which currency
which amount appears in the Shopify admin
what fees were charged
which bank account received the payout
what amount was actually received
how Finance records the payout in the ERP system

Only then should the new structure be fully integrated into Treasury and Accounting.

Multi-Currency Payouts and Shopify Markets

Multi-Currency Payouts should not be confused with Shopify Markets.

Among other things, Shopify Markets determines which currencies customers can view product prices and make payments in.

Multi-Currency Payouts, on the other hand, determines the currency in which the company receives its Shopify Payments revenue.

Simplified

Shopify Markets

→ Customer currency

Shopify Payments

→ Payment processing

Multi-Currency Payouts

→ Payout currency

Bank account

→ Corporate liquidity

For international merchants, these layers work together but serve different purposes.

Practical example of a French D2C store

A French retailer sells in France, Germany, the United Kingdom, and the United States.

Revenue is distributed roughly as follows

EUR 60 percent

USD 25 percent

GBP 15 percent

The company pays a U.S. logistics partner in USD and a British agency in GBP at the same time.

Without multi-currency payouts, revenue could initially be converted into EUR.

Later, the company would have to buy USD and GBP again to pay its invoices.

With separate accounts, part of the flow of funds could look like this instead

US Sales

→ Payment in USD

→ Shopify Payments

→ USD account

→ US logistics partner

This allows the company to reduce the number of unnecessary currency conversions.

However, whether this structure is more cost-effective must be weighed against the multi-currency payout fee.

Practical example for an Australian retailer

An Australian merchant sells extensively to Australia, New Zealand, and the United States.

At the same time, products are sourced from a U.S. supplier.

One possible setup would be

AUD transactions

→ AUD account

NZD transactions

→ NZD account

USD revenue

→ USD account

USD Costs

→ directly from the USD account

This allows the company to better align revenue and expenses by currency.

This can make treasury operations more predictable, especially for larger volumes.

When Multi-Currency Payouts Can Be Useful

High international revenue

If a significant portion of revenue is generated in a foreign currency, it is worth taking a closer look.

With only a few hundred euros in monthly foreign currency transactions, the operational effort often outweighs the benefits.

When you're talking about several hundred thousand euros per month, the calculation looks different.

Recurring costs in the same currency

The strongest use case often arises when the same currency is used on both sides.

For example

Revenue in USD

und

USD supplier costs

Then the company can match income and expenses in the same currency.

International Teams and Service Providers

Salaries, agencies, software, and logistics can also be paid for in foreign currencies.

A company with regular GBP expenses can therefore use its GBP revenue accordingly.

Currency risk should be actively managed

Larger merchants can deliberately choose when to exchange currencies.

The company is then less dependent on Shopify immediately converting every payment into the local currency.

However, this also means greater responsibility for Treasury and Finance.

When the setup may be less suitable

Very low foreign currency transactions

An additional bank account also involves extra work.

Bank fees, accounting, and reconciliation costs can outweigh the potential benefit for small amounts.

No expenses in the foreign currency

If all expenses are incurred in EUR, any USD holdings will probably still have to be converted into EUR at some point.

Then Multi-Currency Payouts may only delay the currency conversion.

High bank fees

Shopify isn't the only one that charges fees.

Banks may also charge fees for foreign currency accounts, international transfers, or currency conversions.

The overall assessment should therefore always take both sides into account.

How to decide whether a currency needs its own account

A simple decision rule can help.

If a currency

regularly generates significant revenue

UND

is regularly needed for operating costs

UND

the volume justifies the additional Shopify and banking fees

then a separate payout account should be considered.

By contrast, the rule makes no sense.

Shopify supports 18 currencies, so we'll set up 18 accounts.

More accounts also mean more coordination, accounting, and governance.

The actual invoice

For Finance, the avoided Shopify currency conversion should not be the only factor considered.

A sound calculation takes into account

Shopify Multi-Currency Payout Fee
previous currency conversion costs
Spread of the payment flow to date
Bank fees
Fees for foreign currency accounts
future FX costs
Company expenses in foreign currencies
internal accounting workload

The actual benefit only becomes apparent when all these factors are taken into account.

Sample invoice

A French Shopify Plus merchant generates $500,000 in monthly revenue.

Of this amount, the company needs USD 300,000 for suppliers and fulfillment.

Without your own USD payout account, the earnings may initially be converted into EUR.

Later, the company buys USD again for its suppliers.

Multi-Currency Payouts could eliminate some of this duplicate currency conversion.

However, according to the current documentation, Shopify charges a 1% multi-currency payout fee for non-domestic payout currencies in global regions on the Plus plan.

For large volumes, Finance should therefore compare the options carefully to determine which setup is more cost-effective overall.

The feature is not an automatic cost optimizer.

It is an additional treasury tool.

Common Mistakes

Do not calculate total costs

Avoiding currency conversion may seem attractive at first.

If this incurs Shopify fees and high bank charges, the overall setup may still be more expensive.

Create too many accounts

Each additional currency creates operational work.

More accounts mean more

Votes
Bookings
Cash holdings
Bank details
Access rights
Reporting

The architecture should therefore remain as simple as possible.

Confusing payouts with revenue

An international shop can already sell in many currencies today.

This does not automatically mean that these currencies will also be paid out separately.

The sales currency and the payout currency are separate concepts.

Involving Accounting Too Late

The technical setup in Shopify is only one part of the project.

ERP and accounting systems must also be able to track which revenue was received in which currency and into which account it was paid.

Underestimating exchange rate risk

Keeping foreign currency in the account does not automatically reduce exchange rate risk.

In some cases, it merely postpones the point at which this risk materializes.

Treasury should therefore define how large foreign currency holdings are to be handled.

Impact on Finance and ERP

Multi-Currency Payouts are changing how money flows behind Shopify Payments.

A simplified process might look like this

Shopify Markets

→ Order in customer currency

→ Shopify Payments

→ Currency balance

→ Payout account for the corresponding currency

→ Bank

→ ERP and Accounting

The more payout currencies are used, the more important it becomes to ensure accurate reconciliation between Shopify, the bank, and the ERP system.

Bank accounts must be uniquely assigned

Finance should document which account corresponds to each Shopify payout currency.

A clear mapping prevents errors later on during automated bank imports.

ERP must be able to receive foreign currency amounts

The ERP system should correctly process both the original amount and the underlying currency.

A payout of USD 50,000 should not simply be treated as a converted EUR amount if the money is in fact still being held in USD.

Fees require their own booking logic

Multi-currency payout fees should be separately traceable.

Only then can it later be assessed whether the chosen structure actually makes economic sense.

Reporting should not focus solely on the store currency

Shopify continues to use a store currency for many internal reports.

Treasury, on the other hand, may be interested

Revenue by customer currency
Balance by currency
Payout by currency
Bank balance by currency
Costs by currency

Enterprise reporting should distinguish between these levels.

Moving Primates Perspective

In international Shopify projects, multi-currency is often initially viewed as a frontend issue. Customers should be able to see prices and pay in their local currency. However, the more complex question arises after checkout. At higher volumes, payout currency, supplier costs, and treasury management can have a significant impact on the actual payment costs. A common mistake is to set up additional payout accounts from a technical perspective before Finance has modeled the entire flow of funds. A better approach is to analyze each currency based on revenue, operating costs, Shopify fees, bank charges, and expected currency conversions. Only then should a decision be made as to which currencies truly require their own payout account.

Technical Implications for Larger Stores

Payment data model is becoming more complex

An international Shopify store can now have multiple relevant currency levels.

These include

Shop currency

Customer currency

Order currency

Payout currency

Bank account currency

Reporting currency

These terms should not be conflated in integrations.

ERP integrations should take payout data into account

Many ERP integrations import orders and refunds, but provide only limited support for Shopify payouts.

When multiple payout currencies are involved, that is often no longer sufficient.

Finance should be able to understand

which transactions are included in a payout

in which currency they were paid out

which fees were deducted

which account the payout was sent to

Automated bank reconciliation is becoming more important

When multiple bank accounts are used, the number of possible matching scenarios increases.

Clear reconciliation between Shopify payouts and bank transactions reduces manual effort.

Refunds need to be tested

For international payments, you should also test how refunds are processed in each setup.

Especially when exchange rates fluctuate, Finance should know which balance or currency a refund economically originates from.

Roles and access require governance

Additional bank accounts are not purely a Commerce setting.

Changes to payout accounts affect financial data and liquidity.

Permissions in the Shopify admin should therefore be granted restrictively and documented.

Pre-go-live checklist

Does the store use Shopify Payments?
Is the store on Advanced or Shopify Plus?
Which foreign currencies actually generate significant volume?
What operating costs are incurred in the same currencies?
Are suitable bank accounts available?
Do the accounts meet Shopify's regional requirements?
Are Shopify payout fees and bank charges calculated together?
Can the ERP correctly process multiple payout currencies?
Is the mapping between currency and bank account documented?
Was the entire process tested using small test payouts?

Summary

Shopify expanded Multi-Currency Payouts to Australia and France on September 11, 2026.
Australian merchants can receive payouts in 13 supported currencies.
French merchants can receive payouts in 18 supported currencies.
This feature is available to eligible stores on the Advanced and Shopify Plus plans.
A suitable bank account is required for each additional payout currency.
Multi-Currency Payouts can avoid unnecessary currency conversions.
A withdrawal without currency conversion is not automatically free of charge.
Shopify charges a fee for non-domestic payout currencies, depending on your plan and region.
The greatest benefit often arises when companies have income and expenses in the same foreign currency.
Shopify Markets and multi-currency payouts serve different purposes.
ERP, Accounting, and Treasury should be involved before activation.
Not every supported currency automatically requires its own bank account.

Frequently Asked Questions

What are Shopify Multi-Currency Payouts?

Multi-Currency Payouts allow eligible Shopify Payments merchants to receive payouts of their earnings in multiple supported currencies to corresponding bank accounts. This means that a payment does not necessarily have to be converted immediately into the domestic payout currency.

Which plans support this feature?

The feature is currently available to eligible merchants on the Advanced plan and Shopify Plus.

How many currencies does Shopify support in France?

France currently supports a total of 18 payout currencies, including EUR.

How many currencies does Shopify support in Australia?

Australia currently supports a total of 13 payout currencies, including AUD.

Are there any fees for withdrawals in foreign currencies?

Yes. For payouts in a non-domestic currency, Shopify charges a multi-currency payout fee, which varies by region and plan. Payouts in the domestic currency are exempt from this fee.

Should each supported currency have its own account?

Not automatically. A dedicated payout account is particularly worth considering if the currency generates a significant volume of revenue and is also regularly needed for operating expenses.