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?

Shopify Plan Google Pay Fee (via Shopify Payments) Extra Fee for Google Pay?
Basic (£25/mo)2.0% + 25pNo
Shopify (£65/mo)1.7% + 25pNo
Advanced (£344/mo)1.5% + 25pNo
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

Shopify Plan Google 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
    • 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
Yes. Pay-by-Bank charges a flat 0.7% + 25p per order with no chargebacks, which is lower than Google Pay’s 1.5%–2.0% + 25p per order (based on your Shopify plan).
No. Google Pay doesn’t add extra fees if used through Shopify Payments, but standard Shopify fees still apply depending on your plan.
Pay-by-Bank offers instant or same-day payouts directly to your business account. Google Pay typically takes 3–5 business days to settle via Shopify Payments.
Yes. You can enable both payment methods to give your customers flexible checkout options. They’ll appear automatically if supported by the user’s device or browser.
Yes. It uses open banking APIs and biometric bank authentication, which are more secure than traditional card-based payments. There’s no need to store or process card data.
Chargebacks are forced payment reversals by banks due to fraud or disputes. Pay-by-Bank uses authenticated bank transfers, so there are no chargebacks — reducing your risk and admin overhead.
No. Pay-by-Bank works directly within your store’s checkout using the customer’s mobile or desktop banking interface — no app required.
Yes. You can integrate Pay-by-Bank on any Shopify plan, and it works alongside Shopify Payments and other gateways.
Lower transaction fees, instant payouts, and zero chargebacks. It’s ideal for merchants looking to cut payment costs and speed up cash flow.
Yes. It supports mobile browsers and responsive checkout flows, using built-in bank authentication tools (e.g., Face ID, fingerprint, banking app approval).