Comparisons

Shopify Payments vs Pa-by-Bank: Fee Comparison by Card Type & Plan (2025)

Cut Your Payment Fees
Looking to reduce your Shopify transaction fees? This detailed comparison breaks down the real costs of using Shopify Payments vs Pay by Bank for a £100 order. Whether you’re on the Basic, Shopify, or Advanced plan, this page will show how much you actually pay in fees—and how Pay by Bank can cut those costs by up to 60%.
Shopify Payments offers simplicity and integration — but fees vary depending on
  • Your Shopify subscription plan

  • The card type used by your customer
    (Visa, Mastercard, Amex)

Here’s a breakdown of typical Shopify Payments fees in the UK

Shopify Payments Fees Breakdown by Plan (UK – 2025)

Do Shopify Fees Change by Card Type ?

American Express typically carries higher interchange fees, which are passed on to you as the merchant. While Shopify Payments offers a blended rate, merchants may still see variations.

Do Shopify Fees Change by Card Type ?

American Express typically carries higher interchange fees, which are passed on to you as the merchant. While Shopify Payments offers a blended rate, merchants may still see variations.

0.7% + 25p base fee per transaction

Biometric ID & fraud checks

Instant settlement

No chargebacks

No card scheme fees

Depending on your integration and plan Shopify may apply third party payment fees (2.0%, 1.0%, or 0.5%). Revised on 31.03.2025

What About Pay-by- Bank?

Pay-by-Bank (powered by Wallid) is an account-to-account (A2A) payment method using open banking rails. It doesn’t rely on card networks, which means

Pay by Bank vs Shopify Payments: £100 Order Fee Breakdown

Pay by Bank vs Shopify Payments:
£100 Order Fee Breakdown

Key Takeaways
  • Pay-by-Bank is up to 60% cheaper than Shopify Payments for a £100 order
  • Flat fee of £0.95 per transaction with Pay by Bank, versus £1.75–£2.25 with Shopify Payments
  • No chargebacks or card scheme fees — ideal for high-risk or high-volume merchants
  • Instant settlement improves cash flow compared to Shopify’s 1–3 day payout
  • Works alongside Shopify Payments — not a replacement, but a smarter add-on.

Payment Tip

Shopify Payments is a solid, built-in checkout solution — but it comes with variable fees that depend on your plan and card type.
Pay-by-Bank is a smart add-on for Shopify stores looking to lower transaction costs, eliminate chargebacks, and improve cash flow through faster settlement.

Keep in mind: depending on your Shopify integration, third-party fees may still apply.

📌It’s not a replacement — it’s a complement.

Use Pay-by-Bank alongside Shopify Payments to offer a faster, lower-cost payment option that enhances your entire checkout experience.
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Frequently Asked Questions

Try Pay-by-Bank Today

Ready to reduce payment fees and increase sales? Join the growing number of Shopify merchants adding Wallid Pay-by-Bank to their stores.

Wallid Products

Pay-by-Bank Payment App

Wallid’s Pay-by-Bank app integrates directly with Shopify checkout, enabling instant bank payments, significantly lower transaction fees, and zero chargebacks.
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Pay-by-Bank Express Checkout

Wallid’s Pay-by-Bank Express Checkout delivers a fast, frictionless experience by connecting directly to customers’ bank accounts — increasing conversion rates while lowering fees
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