Shopify expands Multi-Currency Payouts to US, HK and SG

What's happening

On June 13, 2026 Shopify added Multi-Currency Payouts support for eligible Shopify Payments merchants in the United States and widened currency coverage in Singapore and Hong Kong. US merchants can now receive payouts in CAD, EUR, AUD, and GBP alongside USD. Singapore merchants gain EUR, GBP, and JPY payouts, and Hong Kong merchants gain additional supported currencies on top of HKD.

The update lands in the Shopify changelog with no fanfare, but the operational impact for cross-border DTC brands is concrete: settle in the buyer's currency, hold balances in multiple accounts, and avoid the 1.5 to 2 percent currency-conversion drag that quietly compresses cross-border margin every month.

Why it matters for cross-border brands

A US Shopify merchant selling into Canada or the UK used to take an FX hit twice — once when the customer paid in CAD or GBP and Shopify settled to USD, and again when the merchant wired USD back to a CAD or GBP supplier account. Multi-Currency Payouts lets the merchant hold the foreign balance, pay overseas costs in-currency, and avoid both legs of the conversion.

For Amazon brands that also run a Shopify DTC channel, the change reshapes the cross-channel margin comparison. Amazon's currency mechanics inside the 21 marketplaces Nova covers convert at the marketplace rate, which is competitive but rarely beats holding the foreign balance natively. A DTC channel with native-currency settlement is often the cleaner margin route for international demand once volume crosses roughly $50K monthly per currency.

What you should do now

1. 1.

   Quantify your last-quarter FX drag

   Pull Shopify Payments payouts for Q1 and Q2, multiply non-domestic-currency volume by the average conversion spread, and put the number in front of finance. Most brands have not measured this line; once it has a name and a dollar value, the migration decision takes itself.

2. 2.

   Open the foreign bank accounts before the next currency cohort

   Multi-Currency Payouts needs a bank account in each settlement currency. Open the CAD, EUR, GBP, or AUD account now so the operational delay does not absorb the first six weeks of savings.

3. 3.

   Re-run the cross-channel margin comparison for international SKUs

   SKUs you currently steer to Amazon's UK or Canadian marketplace deserve a fresh comparison against a native-currency Shopify path. Read the Amazon side cleanly in your per-SKU P&L by marketplace before changing the channel mix.

4. 4.

   Tighten the FX-hedge conversation with finance

   Holding a foreign balance is a small open FX position. For brands above $250K monthly in any one currency, a simple forward hedge or a natural offset against supplier payments is worth the 30 minutes of bank conversation. Below that volume, settling-in-currency without hedging is usually fine.

How Nova helps

Nova gives the Amazon side of any cross-channel margin call. Per-SKU P&L by marketplace across the 21 marketplaces Nova supports, custom breakdowns by country and currency, and the winners and losers view that flags when an international SKU's economics shift. Brand managers who run Amazon and Shopify side by side use the same numbers to decide which channel each international SKU should lead with.