Comparisons
Pay-by-Bank vs
Amazon Pay on Shopify
Amazon Pay brings a familiar name to checkout — but is it really the best option for cost and speed? See how it compares to Wallid’s Pay by Bank with zero chargebacks and lower fees.
If you’re choosing between Amazon Pay and Pay by Bank for your Shopify store, this guide compares the real costs, payment processing fees, settlement times, fraud risks, and overall UX. Whether you’re trying to reduce Shopify transaction fees or simply find the most cost-effective payment method, let’s break it down.
Amazon Pay:
Familiar, But Fee-Heavy
Amazon Pay is available as a third-party provider on Shopify
-
Customers can check out with their Amazon credentials
-
Shopify applies third-party payment processing fees (0.5%–2.0%)
-
Amazon charges 3.4% + 20p per transaction (UK rate)
-
Buyer familiarity and brand trust
-
Still subject to chargebacks and card-based transaction fees
Amazon Pay Shopify Fee Table
What does Amazon Pay cost with Shopify?
What is Pay-by-Bank?
Pay by Bank is a direct account-to-account payment powered by Wallid using open banking.
-
Flat fee: 0.7% + 25p per transaction
-
Instant or same-day payouts (no batching delays)
-
No card networks or interchange fees
-
No chargebacks ever
-
Verified inside customer’s banking app with biometric login
-
Shopify applies 0.5%–2.0% third-party payment gateway fee when using Pay by Bank.
Real Cost Comparison per £100 Order
Protect Your Profit — With Faster, Safer Payments
-
Payout Speed- Amazon Pay: 3−5 days (processed via Amazon’s settlement engine)
- Wallid Pay by Bank: Instant or same-day to your business account
-
Chargebacks & Fraud Risk- Amazon Pay: Card-based, with chargeback exposure
- Pay by Bank: No chargebacks — customer pushes payment from authenticated bank account
-
Security & Authentication- Amazon Pay: Secure but card-based — includes CVV and address validation
- Pay by Bank: Biometric login through customer’s banking app — no stored cards or passwords
Conclusion
Pay-by-Bank
Pay by Bank gives you lower payment processing fees, instant payouts, and the most secure checkout available on Shopify.
Amazon Pay
Amazon Pay is convenient for customers familiar with Amazon. But it’s expensive and still carries chargeback and card-processing fee risk.
For merchants focused on reducing transaction costs and
improving cash flow, Pay by Bank is the smarter choice.
improving cash flow, Pay by Bank is the smarter choice.
FAQ: Amazon Pay vs Pay by Bank on Shopify
Yes. You’ll pay both Amazon Pay transaction fees and Shopify’s third-party payment gateway fees.
Pay by Bank is typically the lowest-cost option, especially for UK merchants, with flat rates and no card fees.
Yes. It uses bank-level open banking authentication with biometric confirmation — no stored cards or passwords.
Yes. You can enable multiple express checkout options in parallel.
Want Lower Payment Costs and Instant Payouts?
Install Wallid Pay by Bank — Free on Shopify
See how much you can save
See how much you can save
Wallid Products
Pay-by-Bank Payment App
Wallid’s Pay-by-Bank app integrates directly with Shopify checkout, enabling instant bank payments, significantly lower transaction fees, and zero chargebacks.
Pay-by-Bank Express Checkout
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