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)
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
Shopify Plan; Shopify Payments Fee (Visa);Pay by Bank Fee
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.
I wasn’t sure what to expect, but WallidPay has been rock solid from day one. Real-time payments, no hidden fees, and a clean dashboard. I’m impressed with how polished everything is.
Most of my customers are UK-based, and WallidPay supports all major banks. It’s made the checkout process faster and improved my conversion rate. Plus, I’m paying way less in fees compared to Stripe.
WallidPay’s direct-from-bank payments feel way more secure than entering card info online. No more worrying about fraud or chargebacks. It's the future of online payments, especially in the UK.
I had a few questions while integrating WallidPay, and their live chat support guided me through everything. Very professional and friendly. The platform is reliable, and I’ve had zero payment issues so far.
I used WallidPay as a customer for the first time last week — no card details needed, just my banking app. It felt safe and took less than 10 seconds. I hope more shops start using it.
I set up WallidPay with my store in under an hour. It syncs perfectly with Shopify, and payments hit my account immediately. Their support team is responsive and super helpful. Couldn’t ask for more.
WallidPay has saved my business a ton on processing fees. Direct bank payments are quick and secure, and my customers love not needing to enter card info. Highly recommended for small business owners looking to cut costs without compromising on quality.
WallidPay gives both us and our customers real peace of mind. Transactions feel safer, and we know every order has been verified properly. It’s one of those tools that works silently but plays a critical role in daily operations. Highly recommended to anyone serious about eCommerce.
We needed something lightweight but effective for verification, and WallidPay delivered. It’s well-built, intuitive, and doesn’t bloat our checkout. It’s nice to finally find a security tool that isn’t overcomplicated. Great job to the developers.
We added WallidPay and noticed a change in buyer behavior almost immediately. Customers were more likely to complete orders, and fraud issues dropped. It's clear that the presence of smart verification reassures people. One of the best plugins we’ve used.
WallidPay is one of those apps that you don’t realize you need until you try it. It protects our store, gives customers peace of mind, and doesn’t interrupt the buying experience. It checks all the boxes—and then some.
Before WallidPay, our checkout felt incomplete. This app made a huge difference by adding structure and verification. It just feels more legitimate and polished now. And because it's automated, I don’t have to babysit orders anymore.
Considering how important customer trust is, WallidPay is an absolute bargain. It brings enterprise-level verification and security to small stores like mine. I was nervous about setting it up, but it turned out to be super simple. The value it provides is huge.
The addition of WallidPay instantly made our store feel more professional. The clean design and seamless integration make it look like a native feature rather than a third-party app. Our checkout page feels more secure and modern now. It’s a small touch, but it makes a big difference when you’re trying to build customer trust.
WallidPay was set up in under 10 minutes and has been running perfectly ever since. I really appreciate how easy it was to get started—no tutorials, no long documents, just straight to the point. It's helped build trust with our customers, and we’ve seen fewer chargebacks since. It’s clear that this app was made by people who understand the needs of eCommerce stores.
Frequently Asked Questions
Shopify Payments charges between £1.75 and £2.25 per £100 order depending on your plan. Pay-by-Bank charges a flat £0.95 per transaction (0.7% + 25p), making it up to 60% cheaper.
Yes. Unlike Shopify Payments, which charges different fees based on your subscription and card type, Pay-by-Bank offers one flat rate: 0.7% + 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.
Wallid’s Pay-by-Bank app integrates directly with Shopify checkout, enabling instant bank payments, significantly lower transaction fees, and zero chargebacks.
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