Choosing the right Shopify payment method affects your profit margins, customer trust, and cash flow. While PayPal is widely known, its high fees, slow payouts, and chargebacks can reduce your margins.
Pay-by-Bank by Wallid offers a lower-cost, faster, and more secure alternative—powered by open banking.
What Are the Shopify Payment Fees for PayPal vs Pay-by-Bank in the UK?
Pay-by-Bank by Wallid costs up to 70% less than PayPal per transaction on all Shopify UK plans.
Note: PayPal fees may vary and are provided for informational purposes based on publicly available data. Depending on your integration and plan Shopify may apply third party payment fees. Last updated: 31.03.2025
Which Payment Method Offers the Best Value on Shopify?
Payout Speed
PayPal: Typically 2−3 business days (manual withdrawal)
Pay-by-Bank (Wallid): Instant or same-day payouts directly to your business bank account
Chargebacks & Fraud
PayPal: High exposure to chargebacks and fund holds
Pay-by-Bank (Wallid): No chargebacks; all payments are bank-authenticated push transactions
Checkout Experience
PayPal: Redirects to external login flow
Pay-by-Bank (Wallid): Seamless, embedded checkout experience inside Shopify with no login step
Security & Biometric Identification
PayPal: Offers consumer protection but relies on legacy login systems
Pay-by-Bank (Wallid): Built on open banking standards with biometric authentication through trusted banking apps
Payment Fees Thoughts
If you're a UK-based Shopify merchant looking to reduce costs, streamline your checkout, and access funds faster, Pay-by-Bank by Wallid is a compelling alternative to PayPal.
It’s secure, frictionless, and built for ecommerce.
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.
FAQ PayPal vs Pay-by-Bank on Shopify
You can save up to £2.25 per £100 order. Pay-by-Bank fees are just 0.7% + 25p, compared to PayPal’s 2.9% + 30p.
Yes. Pay-by-Bank uses bank-level encryption and biometric authentication via trusted banking apps—there are no card details or passwords involved.
Yes. Pay-by-Bank is compatible with Basic, Growth, and Advanced Shopify plans. It works directly inside the checkout with no redirect required.
Ready to try it? Install Wallid’s Pay-by-Bank on Shopify
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