Comparisons
Pay-by-Bank vs
Apple Pay on Shopify
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.
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?
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
Protect Your Profit — With Faster, Safer Payments
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Payout Speed- Apple Pay: 3−5 business days
- Pay-by-Bank (Wallid): Instant or same-day direct to bank account
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Chargebacks & Fraud Risk- Apple Pay: Still card-based → chargeback risk remains
- Pay-by-Bank (Wallid): No chargebacks. Biometric + bank-authenticated
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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
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.
FAQ: Apple Pay vs Pay by Bank on Shopify
No, Apple Pay does not add extra fees if you're using Shopify Payments — but you still pay card transaction rates (e.g. 1.5%–2.0% + 25p).
Yes. Pay by Bank uses secure open banking APIs with biometric bank-level authentication. There’s no need for stored card data or passwords.
Yes. You can offer both in your Shopify checkout — giving Apple users a fast native option and everyone else a secure bank-based alternative.
Want Lower Fees and Faster Settlements?
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