- Multi-currency allows you to sell to customers across many different markets and allow them to purchase in their local currency all within the same Shopify account!
- In order to use this, you need to be using Shopify Payments
- Once enabled, you can also use this feature to sell your subscriptions in multiple currencies.
How do I set it up?
Setting up selling in multiple currencies is all done within your Shopify Admin, provided you meet the conditions laid out above. To set this up, check out Shopify's article on Enabling your store to sell in multiple currencies.
What if I'm not using Shopify Payments?
If you're not using Shopify Payments, you will not be able to use Shopify's multi-currency feature. With that said, you can use a currency converter app or code built into your theme to dynamically change the price of the products on your store based on conversion rates at that time. This allows your customers to get a basic idea of how much they'll pay. Once they proceed to checkout, they will be charged in your store's default currency.
How does multi-currency affect my subscribe and save discounts?
Product prices, including the discounts they receive for a subscription produce, will be dynamically calculated based on exchange rates at the time the customer places the order. That will also set the price the customer pays for all subscription renewals going forward.
For example, if you have a product that's $100 USD, and you offer a 10% saving for subscriptions (making the subscription price $90), we use that logic for multiple currencies, too.
If a Canadian customer were to shop, and the current exchange rate was $1.00 USD = $1.26 CAD. The regular product would cost $126 CAD, and the subscription would cost $113.40 CAD. That customer would then pay $113.40 any time their subscription renews.