Comparisons

Google Pay vs Pay-by-Bank on Shopify: Which Costs Less?

Google Pay works seamlessly with Shopify Payments. But how does it compare to Wallid’s Pay by Bank — with lower fees, real-time payouts, and zero chargebacks?
Want to lower your Shopify transaction costs? This guide compares Google Pay and Wallid’s Pay-by-Bank to show which one gives you faster payouts, lower fees, and better fraud protection, based on your Shopify plan.

What You Should Know

  • Pay-by-Bank (Wallid)
    0.7% + 25p per order, zero chargebacks, instant payouts.
  • Google Pay
    1.5%–2.0% + 25p per order (based on Shopify plan), 3–5 day payouts.
  • Both
    Both work inside Shopify, but Pay-by-Bank avoids card networks, cutting fees.

Google Pay:
Fast & Familiar on Android

Built into Shopify Payments at no extra cost
  • Quick checkout for Android & Chrome users

  • No additional fee for merchants

  • Still runs on card networks (Visa/Mastercard)

  • Biometric + device-level security via Google Wallet

Google Pay Android checkout flow graphic

Google Pay Shopify Fee Table

How much does Google Pay cost on each Shopify plan?

Wallid Pay-by-Bank app listing on Shopify

What is Pay-by-Bank?

Wallid’s Pay by Bank is a direct bank payment option using open banking — no cards, no intermediaries.
  • Flat 0.7% + 25p base fee

  • Instant or same-day payouts

  • Zero chargebacks

  • Secure biometric bank authentication

  • Shopify charges 0.5−2.0% third-party fee if not using Shopify Payments

Real Cost Comparison per £100 Order

Compare Costs & Benefits of Google Pay vs Pay by Bank

Protect Your Profit — With Faster, Safer Payments

  • Payout Speed
    • Google Pay: 3−5 business days
    • Pay-by-Bank (Wallid): Instant or same-day to your business account
  • Chargebacks & Fraud Risk
    • Google Pay: Still operates via cards → chargebacks apply
    • Pay-by-Bank (Wallid): No chargebacks, ever. Verified directly via bank app
  • Security & Identity
    • PayPal: Redirects to external login flow
    • Pay-by-Bank (Wallid): Seamless, embedded checkout experience inside Shopify with no login step

Conclusion

  • Pay-by-Bank

    Use Pay-by-Bank to cut your Shopify payment fees, get instant access to funds, and eliminate chargebacks.
  • Google Pay

    Use Google Pay to give Android users a smooth checkout with no extra fee.
Together, they help you streamline your checkout, improve conversion, and grow your margin. Remember, depending on your integration and plan Shopify may apply third party payment fees.

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FAQ
Google Pay vs Pay- by-Bank on Shopify

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