Payouts and settlement times with Shopify Payments in Australia

With Shopify Payments in Australia you can receive payouts in AUD on all subscription plans. If your store is on the Advanced Shopify plan or the Shopify Plus plan, then you can receive payouts in multiple currencies. The currency that your customers use to pay for their orders can be different from the currency of your payouts from Shopify Payments. Learn more about selling and getting paid in different currencies.

There is no minimum payout amount for Shopify Payments in Australia. All payouts, regardless of amount, are processed according to your payout schedule.

This guide explains payout currencies, settlement times, processing fees, and how to view your transaction history with Shopify Payments in Australia.

Settlement times for Shopify Payments in Australia

Settlement time refers to the amount of time between the moment that a customer's payment is captured and when those funds are available to be sent to your bank account. The timestamp for capturing a customer's payment is recorded in Coordinated Universal Time (UTC). Payments captured on Friday, Saturday, and Sunday are consolidated and sent as a single payout.

In Australia, the minimum settlement time is 2 business days. When you begin receiving payouts, your settlement time is longer, but as you reliably fulfill orders on time, your settlement time can decrease to match the minimum settlement time for your region.

There is no minimum payout amount for Shopify Payments in Australia. All payouts, regardless of amount, are processed according to your payout schedule.

Learn more about getting paid with Shopify Payments.

Receiving payouts in multiple currencies with Shopify Payments in Australia

If your store is on the Advanced plan or Shopify Plus plan, then you can choose any supported payout currency as your default payout currency. Review the following considerations for Multi-Currency Payout fees and currency exchange fees:

• If your default payout currency is your AUD domestic currency, then you won't incur Multi-Currency Payout fees.
• If you set up additional bank accounts for payouts, then Multi-Currency Payout fees apply based on your location and Shopify plan.
• If orders are placed in a currency not set up on your Shopify Payments account to receive payouts, then they are paid out to your default currency bank account.
• If the account is in a non-domestic currency, then you incur a currency exchange fee.
• If orders are in your domestic currency and paid out to a bank in your domestic region, then you aren't charged extra fees, even if your domestic currency isn't your default payout currency.

If you choose a non-domestic currency as your default currency - for example, when using Shopify Payments in Australia, you choose USD as your default currency - then any payouts you receive are charged a Multi-Currency Payout fee depending on your location and Shopify plan.

Supported payout currencies with Shopify Payments in Australia

You can receive payouts in the following currencies when using Multi-Currency Payouts with Shopify Payments in Australia:

If you want to receive payouts in multiple currencies, then you must adhere to certain currency, Shopify subscription, location, and bank account requirements. Learn more about Multi-Currency Payouts.