shopify markets currency conversion fee eating margin

The actual problem

Cross-border Markets sales look healthy in GMV while FX conversion quietly destroys contribution margin.

Do this

1. Pull orders by market for 30 days; separate local-currency vs converted.
2. Sum Shopify Markets / FX conversion fees vs gross for those orders.
3. Compare against card FX fees if you charge in USD only — pick the cheaper path.
4. Turn off low-margin markets until pricing or shipping is fixed.

Tools for this job

• Netkiln

  CSV view of fee drag when payments FX shows up in payouts

• Tillkiln

  Catch checkout leaks before expanding to more markets

Related intents

• paypal fees higher than expected ecommerce
• stripe fees higher than 2.9 percent