The latest Shopify API update enhances the tax_summaries/create webhook and tax calculation requests by adding fields for currency conversions. With these updates, the system now includes the MoneyBag object that stores transaction amounts in both shop and presentment currencies, specifically within Sale Records and Cart Line Costs.
For Shopify Plus merchants operating in multiple currencies, these changes streamline processes by allowing tax calculations in the shop's default accounting currency while displaying prices in the customer's preferred currency. This dual visibility supports accurate financial reporting and enhances customer experience.
A global e-commerce retailer can now process tax requests in USD for accounting, while customers see prices in EUR, ensuring that financial records match internal and external perceptions, reducing errors in currency conversions by up to 30%.
Q: How do these changes affect non-multi-currency merchants?
A: Single currency merchants will not see changes; the enhancements only apply when multi-currency is active.
Q: Do I need to update all existing webhooks?
A: Only update webhooks impacted by new currency information in tax calculations.
For more details, read the full MoneyBag documentation.
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