What is Shopify Markets? Shopify Markets Review, Features

Shopify Markets is a new feature launched by Shopify. Sellers can use Shopify Markets to set up, launch, and optimize international markets and tap into the huge potential of global cross-border e-commerce.

About Shopify Markets

• For sellers, selling outside of their home country still faces many obstacles. Complex issues such as currency conversion, language localization, providing local payment methods, customs duties and import taxes can all become obstacles to effectively selling internationally.
• Shopify Markets removes the complexity of cross-border trade, providing all the tools sellers need to manage a global e-commerce business and enabling small retailers to scale and reach consumers everywhere.

Functional services

With Shopify Markets, merchants can:

1. Easily enter new markets. With just a few clicks, merchants can enable new markets, open their business to more global customers, and manage these markets on one page.

2. Improve buyer trust and conversion rates by tailoring experiences for each market. Stores with localized language and currency have conversion rates up to 1.13 times and 1.40 times, respectively.

include:

• Local currency and payment methods
• Pricing and price selection rules for each market
• Product availability per market
• Local Language
• Local domain with automatic SEO optimization
• Automatically display the correct currency/language based on buyer's country
• Pay customs duties and import taxes on behalf of buyers to eliminate unexpected costs when products are delivered ( merchants can now account for these costs during checkout )

This means that sellers can manage all cross-border commerce in one place in Shopify Management and provide a tailored consumer experience in each market, whether that market is a country, such as the United States, or a region, such as all of Europe. Merchants will have a unified view of their entire business and monitor their business performance.