Payouts and settlement times with Shopify Payments in Sweden
With Shopify Payments in Sweden, you can receive payouts in EUR or SEK on all subscription plans. If your store is on the Advanced 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.
This guide explains payout currencies, settlement times, processing fees, and how to view your transaction history with Shopify Payments in Sweden.
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Settlement times for Shopify Payments in Sweden
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 Sweden, the minimum settlement time is 3 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.
The minimum payout amount for Shopify Payments in Sweden is €1 EUR or 20 SEK, depending on your payout currency. If a payout is less than this amount, then it stays in a pending state until more funds are available to pay out.
Learn more about getting paid with Shopify Payments.
Fees for Shopify Payments in Sweden
Shopify Payments fees are location-dependent and can vary. To get the most accurate and detailed information about fees, visit your local pricing page. This page provides a breakdown of the rates and fees associated with Shopify Payments based on your selected plan.
The plans and pricing page is accessible only in the language and currency specific to that country. If you need to translate the plans and pricing page, then you can use a browser extension, such as the Google Chrome extension.
View payment rates in your Shopify admin
If you set up Shopify Payments in Sweden, then you can access information about the specific rates and fees applicable to your store location and chosen plan. For more details about applicable fees, you can access the Shopify Payments Terms of Service from your Shopify admin.
Steps:
From your Shopify admin, go to Settings > Payments.
In the Shopify Payments section, click Manage.
View the rates that apply to different payment methods.
Receiving payouts in multiple currencies with Shopify Payments in Sweden
The currency that you receive payouts in can be different from the currency that your customers pay in. Whether you can receive payouts in more than one currency depends on your Shopify plan.
Receiving payouts without Multi-Currency Payouts
If your store isn't on the Advanced plan or the Shopify Plus plan, then you aren't eligible for Multi-Currency Payouts, and you can set only one payout currency. You can still sell in multiple currencies, but all payouts are converted to your single payout currency. If you receive an order in a currency that's different from your payout currency, then the funds are converted to your payout currency and you're charged a currency conversion fee. For example, if your payout currency is EUR and you receive an order in SEK, then the SEK is converted to EUR and a conversion fee applies.
Receiving payouts with Multi-Currency Payouts
If your store is on the Advanced plan or the Shopify Plus plan, then you can use Multi-Currency Payouts to receive payouts in more than one currency. You can choose any supported payout currency as your default payout currency, and add bank accounts to receive payouts in other currencies. Two types of fees can apply, depending on the payout currency and whether a currency conversion occurs.
A Multi-Currency Payout fee applies whenever you receive a payout in a non-domestic currency, even if no currency conversion occurs. The fee amount depends on your location and Shopify plan. You aren't charged a Multi-Currency Payout fee when you receive payouts in your EUR or SEK domestic currency.
A currency conversion fee applies when an order is converted to a different payout currency. This happens when you receive an order in a currency that you don't have a bank account for, so the funds are paid out to your default currency bank account. You aren't charged a currency conversion fee when you have a matching bank account for the order's currency.
Supported payout currencies with Shopify Payments in Sweden
You can receive payouts in the following currencies when using Multi-Currency Payouts with Shopify Payments in Sweden:
| Payout currency | Bank account location | Domestic currency | Multi-Currency Payout fee |
|---|---|---|---|
| SEK | Sweden | Yes | No |
| EUR | Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom | Yes | No |
| AUD, CAD, CHF, CZK, GBP, HKD, HUF, JPY, NOK, NZD, PLN, RON, SGD, ZAR | Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom | No | Yes |
| USD | Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States | No | Yes |
If you want to receive payouts in multiple currencies, then you must adhere to certain currency, Shopify subscription plan, location, and bank account requirements. Learn more about Multi-Currency Payouts.
View your payouts
You can view your payouts in the Shopify admin and review any transfers that are pending, in transit, paid, or failed.
Steps:
Desktop
From your Shopify admin, go to Settings > Payments.
In the Shopify Payments section, click View payouts.
Mobile
From the Shopify app, tap
, and then tap 
Settings.In the Store settings section, tap Payments.
In the Shopify Payments section, tap View payouts.
Tax reporting
As a merchant, you're required to abide by all applicable regulations, including tax reporting. Depending on your jurisdiction, Shopify Payments might also be required to report your sales to the local tax authorities.
Shopify Payments fees don't include Value-Added Tax (VAT) for stores in Europe with the exception of Ireland. You might need to account for VAT at the local applicable tax rate on your VAT return. To get this information, you can either download a generated invoice, or export a file with your transaction information.
For stores in Ireland, 23% VAT is charged in addition to the Shopify Payments fees.
Download a generated invoice
You can download monthly invoices to submit with your tax claim. Each invoice includes the total VAT paid on transaction fees for all orders made in your store that month. Generated invoices use the UTC time zone, which might be different from your store's time zone. If you want a report that uses your store's time zone, then you can export a list of your store's transactions as a CSV file.
The invoice for each month generates on the 5th of the following month. For example, the invoice for June generates on July 5th. If there aren't any transactions with Shopify Payments for a month, then no invoice generates for that month.
Steps:
From your Shopify admin, go to Finance > Payouts.
Click Documents.
In the Tax documents dialog, for the invoice that you want to download, click Download PDF.
Export transactions
You can export a list of your store's transactions as a CSV file. The CSV file includes a VAT column for European merchants.
Steps:
From your Shopify admin, go to Finance > Payouts.
Click Transactions.
Click Export. A CSV file downloads in your browser.
Open the CSV file in a spreadsheet editor. The last column of the CSV file displays the amount of VAT collected on each transaction.
Use the SUM tool to calculate the total amount of VAT that you've collected.