Why Pay-by-Bank Is Best for Deposit Payments

Stop losing money on fees and delayed payouts. Wallid Pay-by-Bank powers instant, secure deposit payments with no chargebacks.
Deposits are common in ecommerce — from pre-orders and partial payments to booking fees. But traditional methods (cards, PayPal, manual bank transfers) come with problems: high fees, delays, chargebacks, and poor tracking.

Pay-by-Bank, powered by open banking, fixes deposits with real-time, verified bank transfers. No intermediaries. No risk of reversals. Just fast, secure deposits that boost your cash flow.

What Is Pay-by-Bank for Deposits?

Pay-by-Bank lets customers pay deposits directly from their banking app. No cards, no manual entry. Funds settle instantly, and merchants get verified confirmation.
  • Instant settlement
    no waiting for deposit funds

  • Lower fees (~0.7% + 25p)
    vs card processors (2−4%)

  • No chargebacks
    deposits are final and secure

  • Seamless UX
    1-tap approval in banking app

  • Perfect for pre-orders,
    bookings, and instalments

Pay-by-Bank vs Traditional Deposit Payments

Why Pay-by-Bank Beats Deposit Payments
  • Lower Costs on Deposits
    Deposits are often small, but card processors still take 2−4% plus fees. That eats into your margins. Pay-by-Bank charges a flat 0.7% + 25p.
  • No Chargebacks on Deposits
    Deposits are meant to be commitments. With cards, customers can dispute or reverse them. Pay-by-Bank deposits are non-reversible, verified, and final.
  • Instant Access to Funds
    Don’t wait days to confirm a booking or release inventory. With Pay-by-Bank, deposit funds settle instantly into your account.
  • Seamless for Customers
    Manual bank transfers require effort; card deposits need 3DS checks. Pay-by-Bank is mobile-first, 1-tap approved in their bank app, making deposits smooth and trusted.

What Our Clients Say About Us

Conclusion: Why Switch Deposit Payments to Pay-by-Bank
  • Traditional deposits
    ❌ High fees
    ❌ Settlement delays
    ❌ Risk of disputes & chargebacks
  • Wallid Pay-by-Bank Deposits
    ✅ Lower fees
    ✅ Final, non-reversible transactions
    ✅ Instant settlement
    ✅ Smooth checkout for deposits, pre-orders & bookings
Frequently Asked Questions
Frequently Asked Questions
Instant settlement, no chargebacks
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