Shopify launches Shopify Markets! Helping sellers develop cross-border commerce

To help New Zealand-based independent brands grow in the global e-commerce market , Shopify recently launched Shopify Markets: a global e-commerce management tool .

Selling in markets outside of your home country can be challenging for merchants . Currency conversions, language, payment methods , customs duties and import taxes are all complex issues that merchants face when conducting international business .

Shopify Markets eliminates the complexity of international commerce, enabling small and medium-sized businesses to scale and reach consumers around the world . Now, merchants can identify, set up , launch, and optimize international marketplace businesses through Shopify Markets .

With Shopify Markets, merchants can :

Easily enter new markets : With just a few clicks, merchants can open new markets to do business with customers around the world , and they can easily manage these markets from a central dashboard .

Improve buyer trust and conversion rate : It is understood that the conversion rate of stores with localized language and currency can be increased by 1.13 times and 1.40 times respectively . In order to help merchants provide a good shopping experience for customers in different regions , Shopify Markets will provide merchants with customized functions .

This will include local currency and payment methods , pricing and price rounding rules for each market , product availability for each market , local languages , local domain names with automatic SEO optimization , automatically displaying the correct currency /language based on the buyer's country , paying customs duties and import taxes on behalf of the buyer to eliminate unexpected costs when the product is delivered , etc.

Smart settings optimize cross-border business : With the support of Shopify’s aggregated data from more than 1.7 million merchants worldwide , Shopify Markets will help merchants determine how to most effectively sell in a new region. Smart settings will automatically optimize for merchants to achieve the best results without the need for a dedicated operations team.

Centralized control makes management more convenient: Thanks to Shopify's integrated business platform , merchants can manage all stores from one backend page and view the operating conditions of stores in each region.

It is reported that Shopif y Markets has been tested globally since yesterday and will be rolled out to all merchants in the coming months .

Shopify

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