SHOPIFY INTERNATIONAL PRICING: ALL YOU NEED TO KNOW

As you may know, for an eCommerce business, expanding to the international market is a supreme purpose that they need to achieve. Therefore, selling in multiple currencies in multiple regions and countries is the need of most international brands nowadays. Previously, the only way to achieve this was to open and run multiple stores. However, this way takes a lot of company resources (time, money, and human resources) to manage and operate the businesses. Fortunately, Shopify implemented a new feature: Shopify International Pricing. Although Shopify has been able to support multiple currencies within one store for a while now via currency conversions, we know it’s not perfect but in our opinion, it definitely is a game-changer. Therefore, in this article, let’s explore this new feature, Shopify International Pricing, in more detail.

Requirements for Shopify international pricing features

There’s something you need to be aware of before we start discussing some requirements for this feature. You can not only set rounding rules and manual exchange rates for your product prices and shipping fees but also control your international pricing by setting separate product prices and price adjustments for different countries or regions.

You can set the product price for any item in any country using the product CSV file. You also can set product pricing adjustments for specific countries or regions. Price adjustments are either percentage increases or decreases to your store’s base prices. The price adjustment affects all products sold to customers in a selected country or region.

A small notice, you just can utilize Shopify International Pricing features if you’re on Shopify Payments. You can check out the list of supported countries to know if Shopify Payment is available in your country.

If you want to use the international pricing features in Shopify, your business will need to meet some requirements first. The big requirement for using these customization features depends on which Shopify plan you have. Below is a summary of the features corresponding to Shopify plans:

Basically, if you have the Basic Shopify plan, all you can do is view your country’s and region’s pages along with setting price rounding rules. If you upgrade to the Shopify plan though, one more feature becomes available that allows for custom rounding rules. When on the Advanced Shopify plan or higher, however, that’s when you can utilize the full set of features for international pricing and adjust product prices specifically for certain countries or regions.

If you choose to downgrade to the Shopify plan, be aware that all country prices will be removed from your store. If you opt for the Basic Shopify plan instead, any price adjustments or rounding rules currently in place will also be deleted.

Conversion fees

A currency conversion fee is applied to all orders that require multiple currencies:

• If you opt for auto exchange rates to figure out your prices in another currency, then know that currency conversion fees are added to the converted price automatically.
• If you use manual exchange rates or set prices for products individually by country, account for conversion fees in your final pricing by using the manual exchange rate conversion formula.

Read more: https://magenest.com/en/shopify-international-pricing/