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 almost 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 1% + 25p with almost zero 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

Payment Method Fees Payout Speed Chargebacks Setup Ease
Amazon Pay 1.5–2.0% + 25p 3–5 business days Chargebacks allowed Shopify-native
Pay-by-Bank 1% + 25p Instant or same-day Almost zero chargebacks Shopify app + Open Banking

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?

Shopify Plan Amazon Pay Fee Shopify Third-Party Fee Total Cost per £100 Order
Basic (£25/mo) 3.4% + 20p+2.0%£5.60
Shopify (£65/mo)3.4% + 20p+1.0%£4.60
Advanced (£344/mo)3.4% + 20p+0.5%£4.10
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: 1% + 25p per transaction

  • Instant or same-day payouts (no batching delays)

  • No card networks or interchange fees

  • almost zero chargebacks

  • 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

Shopify Plan Amazon Pay Total Pay-by-Bank Total
Basic£5.60£3.25
Shopify£4.60£2.25
Advanced£4.10£1.75

Protect Your Profit — With Faster, Safer Payments

  • Payout Speed
    • Amazon Pay: 3−5 days (processed via Amazon’s settlement engine)
    • Pay-by-Bank: Instant or same-day to your business account
  • Chargebacks & Fraud Risk
    • Amazon Pay: Card-based, with chargeback exposure
    • Pay-by-Bank: Almost zero 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
Yes. Amazon Pay runs on card rails, so you still pay standard Shopify card fees (1.5–2.0% + 25p).
Yes. Pay-by-Bank charges a flat 1% + 25p per order, compared to Amazon Pay's higher card-based rates.
Pay-by-Bank provides instant or same-day settlement.
Amazon Pay typically takes 3–5 business days.
Yes. Both can be enabled together to give customers more flexibility at checkout.
Yes. Because Pay-by-Bank uses authenticated bank transfers, there are almost zero chargebacks.
It uses open banking APIs and biometric verification—safer than traditional card-based payments.
Yes. Amazon Pay is a wallet supported within Shopify Payments, but card processing fees still apply.
No. Pay-by-Bank works with any Shopify plan and can be added as a complementary payment method.
Yes. It supports mobile authentication via banking apps, Face ID, and fingerprint login.
Pay-by-Bank is often better for high-volume stores due to lower fees and faster cash flow.
Yes. Amazon Pay runs on card rails, so you still pay standard Shopify card fees (1.5–2.0% + 25p).
It uses bank-level authentication and open banking APIs, with no card data or chargebacks.
Yes. You can enable both at checkout for flexible payment options.
Pay-by-Bank pays out instantly or same-day.
Amazon Pay takes 3–5 business days.
Yes. Pay-by-Bank has lower fees and almost zero chargeback risk.
Yes. It uses biometric approval and banking apps, optimized for mobile and desktop.