Advisory
FinChannel
Shopify Payments now allows non-US businesses on Advanced and Plus plans to receive payouts in USD, provided they meet eligibility requirements. This feature expands Shopify's multi-currency payout capabilities, enabling businesses outside the US to add USD accounts for receiving funds. Stripe offers similar multi-currency settlements but requires a bank account in a supported country.
This update reflects Shopify's continued investment in improving its payment infrastructure for global merchants. By addressing cross-border payout complexities, Shopify enhances its appeal to international sellers in high-growth markets.
Why it matters: Shopify's third payment infrastructure update since August 21 strengthens its cross-border capabilities. This positions Shopify to better compete with Stripe and Amazon in global e-commerce payments, particularly for international merchants.