Comparisons

Amazon Pay vs Wallid’s Pay-by-Bank on Shopify: Fees, Speed & Security Compared

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.
What You Should Know
  • Amazon Pay
    Included in Shopify Payments, but adds card fees (1.5–2.0% + 25p per order)
  • Pay-by-Bank (Wallid)
    Charges a flat 0.7% + 25p with no chargebacks and instant payouts
  • Payout Speed
    • Pay-by-Bank is instant or same-day
    • Amazon Pay settles in 3–5 days
  • Security
    • Both support mobile and biometric flows
    • Pay-by-Bank skips card networks

Compare Amazon Pay vs Pay-by-Bank

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 payment method in Shopify checkout

Amazon Pay Shopify Fee Table

What does Amazon Pay cost with Shopify?

Wallid Pay-by-Bank app listing on 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.
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FAQ
Amazon Pay vs Pay-by-Bank on Shopify

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