Comparisons
Shopify Payments vs Pa-by-Bank: Fee Comparison by Card Type & Plan (2026)
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%.
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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)
| Shopify Plan | Shopify Payments Fee | Includes Transaction Fee? |
|---|---|---|
| Basic (£25/mo) | 2.0% + 25p | Yes |
| Shopify (£65/mo) | 1.7% + 25p | Yes |
| Advanced (£344/mo) | 1.5% + 25p | Yes |
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.
1% + 25p base fee per transaction
Biometric ID & fraud checks
Instant settlement
Almost zero 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
| Shopify Plan | Shopify Payments Fee (Visa) | Pay-by-Bank Fee |
|---|---|---|
| Basic | £2.25 (2.0% + 25p) | £1.25 (£1.00 + 25p) |
| Shopify | £1.95 (1.7% + 25p) | £1.25 (£1.00 + 25p) |
| Advanced | £1.75 (1.5% + 25p) | £1.25 (£1.00 + 25p) |
Key Takeaways
- For a £100 order, Wallid Pay-by-Bank costs £1.25 versus £1.75–£2.25 for the Shopify Payments fees shown here.
- On a £100 order, the Wallid Pay-by-Bank processing fee is £1.25 (1% + 25p), versus £1.75–£2.25 with Shopify Payments.
- Almost Zero Chargebacks. No 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.
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.
What Our Clients Say About Us
* Shopify 3rd party fees may apply.
Frequently Asked Questions
Shopify Payments charges between £1.75 and £2.25 per £100 order depending on your plan.
Wallid Pay-by-Bank charges £1.25 for a £100 order (1% + 25p), saving £0.50–£1.00 before any additional Shopify fees.
Wallid Pay-by-Bank charges £1.25 for a £100 order (1% + 25p), saving £0.50–£1.00 before any additional Shopify fees.
Yes. Unlike Shopify Payments, which charges different fees based on your subscription and card type,
Pay-by-Bank offers one flat rate: 1% + 25p — with no additional card processing fees or chargebacks.
Pay-by-Bank offers one flat rate: 1% + 25p — with no additional card processing fees or chargebacks.
Shopify Payments typically settles in 1–3 business days.
Pay-by-Bank offers instant or same-day settlement to your business account — improving cash flow.
Pay-by-Bank offers instant or same-day settlement to your business account — improving cash flow.