GBP payments
1% + £0.25
per successful payment
For a £100 payment, the Wallid fee is £1.25.
Pay by Bank Pricing & Bank Transfer Fees
Explore Wallid’s standard fees for accepting bank payments in GBP and EUR. See transaction costs, refund charges and the additional fees to check when comparing payment options for your business.
Standard transaction fees
EUR payments
1% + €0.30
per successful payment
For a €100 payment, the Wallid fee is €1.30.
Prices exclude applicable VAT.
Platform fees may apply in addition to Wallid’s transaction fee.
Rates are shown by payment currency. Merchant eligibility, supported customer banks and available payment routes depend on your setup.
Processing higher volumes? Contact us to discuss volume pricing.
Discuss volume pricingUnderstand your total payment cost
A headline transaction rate is only one part of the comparison. Check the payment fee, refund charges, platform fees and applicable VAT for your setup.
| Cost | Wallid pricing |
|---|---|
| Successful GBP payment | 1% of the payment amount + £0.25 |
| Successful EUR payment | 1% of the payment amount + €0.30 |
| Successful GBP refund | 1% of the refunded amount + £0.25 |
| Successful EUR refund | 1% of the refunded amount + €0.30 |
| Platform fees | Charged separately where applicable. Shopify third-party transaction fees may apply, depending on your plan and setup. |
| VAT | Prices exclude applicable VAT. |
| Volume pricing | Contact Wallid to discuss pricing for higher payment volumes. |
Refund processing is charged separately from the original payment. Contact us to confirm the refund conditions that apply to your setup.
What does a bank payment cost with Wallid?
The examples below show Wallid’s standard fee for a single successful payment.
| Payment amount | GBP payment fee | EUR payment fee |
|---|---|---|
| £20 / €20 | £0.45 | €0.50 |
| £100 / €100 | £1.25 | €1.30 |
| £500 / €500 | £5.25 | €5.30 |
| £1,000 / €1,000 | £10.25 | €10.30 |
GBP and EUR examples are separate calculations, not currency conversions. Fees shown exclude applicable VAT and any platform fees. Successful refunds are charged separately.
Bank transfers at checkout: where Pay by Bank fits
A manual bank transfer usually asks the customer to send money using the bank details you provide. With a Pay by Bank checkout, the customer follows a payment flow and authorises the payment with their bank.
When comparing providers, check how the payment is confirmed, how it connects to your order and when the funds become available to your business.
Wallid offers Pay by Bank for online payments. Explore the integration that matches your business, then check the fees and eligibility for your setup.
Compare bank payment options for UK and European businesses
Manual transfers, payment schemes and checkout services solve different needs. Compare the cost of accepting a payment alongside the work required to confirm it, match it to an order and access the funds.
| Payment option | Typical use | Costs and conditions to check |
|---|---|---|
| Manual bank transfer | A customer sends money using your business bank details. | Bank account and transfer charges, payment references, manual checks and order reconciliation. |
| Bacs Direct Credit / Direct Debit | Direct Credit sends payments; Direct Debit collects payments under a mandate. | Bank or provider fees, setup requirements, collection or submission charges, payment timings and how the method fits your sales process. |
| Faster Payments | UK bank transfers, including routes used by some bank-payment services. | Bank or provider charges, payment limits, confirmation and any checkout or reconciliation service fees. |
| SEPA Credit Transfer / SEPA Instant | Euro bank transfers; the standard and instant schemes have different timing characteristics. | Bank or provider charges, scheme availability, payment initiation, confirmation and reconciliation. |
| iDEAL / Wero | Local bank-based payment options offered through participating banks and payment providers. | Merchant availability, supported customers, provider transaction fees, refunds and payout or settlement terms. |
| Wallid Pay by Bank | A convenient bank-authorised checkout, with instant settlement where Faster Payments or SEPA Instant is available for your payment route and setup. | 1% + £0.25 for GBP or 1% + €0.30 for EUR per successful payment. Successful refunds, applicable platform fees and VAT must also be considered. |
These are different payment options, not a list of methods supported by Wallid. A payment scheme’s speed does not by itself determine when a provider makes funds available to a merchant.
Payment method references
Pricing FAQ
Wallid’s standard fee is 1% + £0.25 per successful GBP payment or 1% + €0.30 per successful EUR payment. Prices exclude applicable VAT. Platform fees may apply separately.
A successful refund is charged at 1% of the refunded amount + £0.25 for GBP, or 1% + €0.30 for EUR. Refund processing is charged separately from the original payment. Contact us to confirm the refund conditions that apply to your setup.
No. Platform fees are separate from Wallid’s transaction fee and depend on your platform and setup.
Shopify third-party transaction fees may apply in addition to Wallid’s fee, depending on your Shopify plan and setup. Check your applicable Shopify terms when calculating the total cost.
Both move money between bank accounts, but the payment experience differs. A manual transfer asks customers to enter your bank details and arrange the payment themselves. Pay by Bank provides a convenient, guided checkout with bank authorisation, reducing manual steps and helping improve checkout conversion compared with a manual transfer.
No. The total cost depends on the provider, payment amount, volume, platform fees and refund requirements. Compare the full cost and the service you need, rather than the headline transaction rate alone.
Wallid payments typically reach your bank account within 2–3 minutes. Timing depends on the customer’s bank, payment route and merchant setup, so some payments may take longer.
See our coverage guide for information on supported countries and banks. Availability depends on merchant eligibility, the customer’s bank, currency and integration. Contact Wallid to confirm support for your business and customer locations.
Prices exclude applicable VAT. Wallid charges for successful payments and successful refunds at the rates shown on this page. Platform fees are separate. There are no other Wallid fees.
Volume-based discounts are available. Contact us to discuss pricing for your payment volume and setup.
See how Wallid fits your payment setup
Review Pay by Bank for your platform, or contact us to discuss eligibility, payment costs and volume pricing.