Comparisons
Apple Pay vs Wallid’s Pay-by-Bank on Shopify: Fees, Speed & Security Compared
Apple Pay is fast and free with Shopify Payments. Discover how it stacks up against Wallid’s Pay-by-Bank — with lower fees, instant payouts, and zero chargebacks.
Wondering how Apple Pay compares to Pay-by-Bank on your Shopify store? This guide breaks down the real costs, speed, and risk factors of each payment method. Whether you’re aiming to reduce transaction fees or improve checkout conversion, this side-by-side comparison will help you make the right call.
What You Should Know
- Apple PayNo extra fees, but incurs standard card rates (1.5–2.0% + 25p)
- Pay-by-Bank (Wallid)0.7% + 25p flat, instant/same-day payouts, no chargebacks
- Payout Speed
- Pay-by-Bank is instant
- Apple Pay takes 3–5 business days
- Security
- Pay-by-Bank uses biometric bank authentication
- Apple Pay still allows chargebacks
Apple Pay:
Built-In & Familiar
Available automatically with Shopify Payments
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Seamless checkout for iOS users
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No added cost for merchants
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Still uses card networks (Visa/Mastercard)
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Biometric verification via Apple Wallet
(Touch ID / Face ID)
Apple Pay Shopify Fee Table
How much does Apple Pay cost per plan?
| Shopify Plan | Apple Pay Fee (via Shopify Payments) | Extra Fee for Apple Pay? |
|---|---|---|
| Basic (£25/mo) | 2.0% + 25p | No |
| Shopify (£65/mo) | 1.7% + 25p | No |
| Advanced (£344/mo) | 1.5% + 25p | No |
What is Pay-by-Bank?
Pay-by-Bank is an open banking solution from Wallid that lets customers pay directly from their bank accounts — no card rails involved.
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Flat 0.7% + 25p base fee
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Instant or same-day payouts
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No chargebacks
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Bank-level biometric authentication
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Shopify applies 0.5−2.0% third-party gateway fee if not using Shopify Payments
Real Cost Comparison per £100 Order
| Shopify Plan | Apple Pay (via Shopify Payments) | Pay-by-Bank Fee |
|---|---|---|
| Basic | £2.25 (2.0% + 25p) | £0.95 (0.7% + 25p) |
| Grow | £1.95 (1.7% + 25p) | £0.95 (0.7% + 25p) |
| Advanced | £1.75 (1.5% + 25p) | £0.95 (0.7% + 25p) |
Protect Your Profit — With Faster, Safer Payments
- Payout Speed
- Apple Pay: 3−5 business days
- Pay-by-Bank (Wallid): Instant or same-day direct to bank account
- Chargebacks & Fraud Risk
- Apple Pay: Still card-based → chargeback risk remains
- Pay-by-Bank (Wallid): No chargebacks. Biometric + bank-authenticated
- Security & Identity
- Apple Pay: Face ID / Touch ID (card still involved)
- Pay-by-Bank (Wallid): Verified via your banking app with full biometric approval — no stored card data, no passwords
Conclusion
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Pay-by-Bank
Use Pay-by-Bank to lower fees, eliminate chargebacks, and get paid faster. -
Apple Pay
Use Apple Pay to give iOS users a fast and secure checkout with no added cost.
Together, they make your Shopify checkout leaner, safer, and better for your bottom line. Remember, depending on your integration and plan Shopify may apply third party payment fees.
What Our Clients Say About Us
FAQ
Apple Pay vs Pay-by-Bank on Shopify
Apple Pay vs Pay-by-Bank on Shopify
No—Apple Pay is included in Shopify Payments, but standard card processing fees apply.
It uses open banking APIs and biometric login with no chargebacks.
Yes. Merchants can enable both for flexible checkout.
- Pay-by-Bank offers instant/same-day settlement
- Apple Pay takes 3–5 days
No. It works with any Shopify plan.
Yes. Pay-by-Bank charges 0.7% + 25p; Apple Pay uses higher card rates.
Yes. It supports Face ID, fingerprint login, and banking apps.
It reduces fees, eliminates chargebacks, and improves cash flow.
Yes—Face ID and Touch ID are supported, but chargebacks still apply.