Shopify’s marketplace for buying and selling e-commerce businesses built by Shopify merchants. Over the last year, the retail industry has experienced tremendous disruption and with these changes, both merchants and their customers have found new opportunities. In its first Shopify’s state of commerce report, Shopify found that online storefronts represent over 80% of sales and over 62 million buyers have bought from the same store twice. Shopify has continued its global growth with more than 820,000 merchants on the platform in over 175 countries, with new insights on what’s driving commerce and buying behavior around the world.
The workarounds, apps, or third-party gateways that enable businesses to sell in multiple currencies aren’t always reliable. Your eCommerce platform should provide a solution. Shopify Plus offers a multi-currency solution that allows buyers to check out in their preferred currency, and merchants to get paid in their local currency. The solution you rely on should automatically convert prices based on location and up-to-date FX rates. Prices, taxes, gift cards, discounts, shipping, and refunds should be automatically converted to customers’ local currency, from landing page to checkout.
Data is driven by a survey of the global sales data on Shopify from April 2018 to April 2019. An online global survey of 3,832 Shopify merchants in March 2019. This is quantitative and qualitative research on consumers in Canada and the United States in December 2018, including interviews and an online survey of 2,653 consumers.