Update

Operations

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

Matthieu

June 13, 2026

6 min

Summarize with AI

CTO at Nova Analytics

Matthieu oversees product development at Nova Analytics, creating innovative tools that help Amazon sellers make smarter, data-driven decisions to grow their business.

Quick Summary

•On June 13, 2026 Shopify expanded Multi-Currency Payouts to US merchants, adding CAD/EUR/AUD/GBP alongside USD
•Singapore adds EUR/GBP/JPY payouts; Hong Kong adds more supported currencies on top of HKD
•Removes the 1.5 to 2 percent FX drag that quietly compresses cross-border DTC margin every month
•Action: quantify last-quarter FX drag, open foreign bank accounts now, re-run cross-channel margin against Amazon marketplaces

Nova surfaces every Amazon fee, refund, and margin shift in your live P&L, across 23 marketplaces. Explore the live P&L

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.

Key Dates & Deadlines

Jun 13, 2026

Shopify expands Multi-Currency Payouts to US, plus more currencies in SG and HK

US merchants gain CAD/EUR/AUD/GBP payouts; Singapore adds EUR/GBP/JPY; Hong Kong adds more supported currencies

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 23 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.
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.
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.
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.
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 23 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.

Frequently Asked Questions

Common questions about this topic

Shopify expanded Multi-Currency Payouts to Shopify Payments merchants in the United States with CAD, EUR, AUD, and GBP support, and added more supported payout currencies in Singapore (EUR, GBP, JPY) and Hong Kong. Merchants can now hold balances in multiple currencies and avoid the double FX conversion that historically compressed cross-border margin.

Amazon converts at the marketplace rate inside the 23 marketplaces Nova covers, which is competitive but rarely beats holding the foreign balance natively. Once volume crosses roughly $50K monthly per currency, native-currency DTC settlement is often the cleaner margin route for international demand.

Quantify last-quarter FX drag in Shopify Payments payouts, open the foreign bank accounts needed for each settlement currency now, and re-run the cross-channel margin comparison on international SKUs using a clean Amazon P&L by marketplace.

Verified Sources

Shopify Changelog: Expanded multi-currency payout support in US, HK and SG (June 13, 2026)

All information verified from official Amazon sources and trusted industry analysts as of publication date.

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

Quick Summary

What's happening

Key Dates & Deadlines

Why it matters for cross-border brands

What you should do now

How Nova helps

Frequently Asked Questions

What changed on June 13, 2026?

How does this compare to Amazon's currency mechanics?

What is the immediate action for Amazon brands running Shopify alongside?

Verified Sources

What's happening

Key Dates & Deadlines

Why it matters for cross-border brands

What you should do now

How Nova helps