I made a new store that I was excited to launch and saw a "1.5% exchange fee" on Shopify payments. I checked my other 2 stores and they didn't have that.

I hit up support and they said that I can't be paid out in USD as a Canadian. Everything is exchanged at who knows what rate, and they charge you an additional 1.5%.

Before that I tried to make a USA Shopify payments account as I have a C-Corp in Wyoming. Apparently I need an SSN which you need to be born in the USA or I can send the team some info, but they would require an actual store front or some kind of physical thing in the USA, I'm unsure why, they gave my a non direct answer. For some reason my white label supplier isn't that.

This is very confusing to me as I've been drop shipping from Canada and have done multiple millions in sales. All my suppliers are paid in USD and my ads are in USD.

So I can no longer use Shopify?

It would be impossible to be profitable paying an additional 1.5%, plus the 3.4% $0.30 CAD and then exchanging the money back to USD to pay my suppliers/ads. I can make a new ad account in CAD, but I can't get quality suppliers accepting CAD as a currency.

Am I understanding this correctly, or has anyone found a work around? I find this hard to believe, tbh.