Comparisons
Pay-by-Bank vs Card Payments: What’s Better for Your Shopify Store?
Ditch high card fees and chargebacks. Wallid Pay-by-Bank offers instant, secure, and low-cost checkout designed for modern ecommerce.
Card payments remain the default in ecommerce, but they come at a steep price: fees, fraud, and payout delays.
Pay-by-Bank (Wallid) is the open banking alternative built for Shopify merchants. Customers pay directly through their bank app — no cards, almost zero chargebacks, no waiting.
Here’s why merchants are switching.
Pay-by-Bank (Wallid) is the open banking alternative built for Shopify merchants. Customers pay directly through their bank app — no cards, almost zero chargebacks, no waiting.
Here’s why merchants are switching.
The Real Problem with Card Payments
- ExpensiveCard networks, acquirers, issuers, and gateways all take a cut.
- Fraud-proneCard-not-present fraud, stolen details, and "friendly fraud."
- Slow payoutsFunds often take 2−5 business days to reach you.
- Data risksMerchants must handle and secure sensitive cardholder data.
- Clunky UXManual card entry slows mobile checkout.

What Is Pay-by-Bank?
Pay-by-Bank is a direct account-to-account (A2A) payment method powered by open banking.
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Authorised via customer’s banking app
(Face ID, Touch ID, passcode) -
Instant or same-day settlement
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Flat low fee (1% + 25p)
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Almost Zero Chargebacks. No Card Scheme Fees.
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Works across all UK & EU banks
Pay-by-Bank vs Card Payments
| Feature | Pay-by-Bank | Card Payments |
|---|---|---|
| Fees | 1% + 25p flat | 1.5–3% + scheme & gateway fees |
| Payout Speed | Instant / same day | 2–5 business days |
| Chargebacks | None | Frequent & costly |
| Fraud Risk | Very Low (bank-authenticated) | High (CNP fraud, stolen cards) |
| Authentication | Biometric via bank app | Manual entry + 3DS |
| Mobile UX | Seamless (auto bank app) | Average (typing card details) |
| Recurring Support | Limited (coming soon) | Fully supported |
Why Merchants
Prefer Pay-by-Bank
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Lower fees — save up to 70% vs cards
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Almost zero chargebacks — every payment is final
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Instant payouts — no 3–5 day delays
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Secure checkout — no card data ever shared
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Mobile-first UX — one-tap approval via bank app

Conclusion
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Card Payments
Card payments come with fees, fraud, and frustration. -

Pay-by-Bank
Pay-by-Bank offers the modern alternative — instant, low-fee, and chargeback-free.
For Shopify merchants, adding Pay-by-Bank isn’t just about cutting costs — it’s about boosting trust and conversion at checkout.
What Our Clients Say About Us
* Shopify 3rd party fees may apply.
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Disclaimer: This article is for informational purposes only and based on 2025 UK ecommerce data. Fees and features may vary by provider, location, and Shopify plan. Always verify the latest details with Shopify and your payment provider.
Frequently Asked Questions
Yes. Most merchants keep cards but add Pay-by-Bank to reduce costs and risk.
Yes. It uses PSD2-regulated Open Banking APIs with biometric authentication.
No. They simply use their existing banking app.
Refunds go directly back to the customer’s account, instantly.









