Comparisons

Wallid vs Shop Pay Express Checkout on Shopify

Looking to optimise your Shopify checkout for higher conversions and lower costs?

This guide compares Shop Pay Express Checkout with Wallid Express Checkout (Pay-by-Bank) — a new Open Banking checkout option that gives UK and EU merchants instant payouts, almost zero chargebacks, and lower fees.

We’ll break down:
  • Real transaction fees

  • Payout speed

  • Chargeback risk

  • Mobile & guest
    checkout UX

If you’re scaling your store, this side-by-side will help you choose the best checkout method.

Shop Pay Express Checkout on Shopify

  • Built into Shopify Payments

  • Card-based (1.5–2.0% fees)

  • Familiar for returning customers

  • Chargebacks and fraud disputes

  • Payout in 2–5 business days

  • SMS login adds friction for new buyers

Shop Pay Express Checkout on Shopify

  • Built into Shopify Payments

  • Familiar for returning customers

  • Payout in 2–5 business days

  • Card-based (1.5–2.0% fees)

  • Chargebacks and fraud disputes

  • SMS login adds friction for new buyers

Shop Pay Express Checkout on Shopify

  • Built into Shopify Payments

  • Familiar for returning customers

  • Payout in 2–5 business day

  • Card-based (1.5–2.0% fees)

  • Chargebacks and fraud disputes

  • SMS login adds friction for new buyers

Wallid Express Checkout (Pay-by-Bank)

  • Instant or same-day payouts

  • Almost zero chargebacks (bank-verified)

  • Lower fees (1% + 25p)

  • Seamless biometric authentication

  • No redirects or passwords

Wallid Express Checkout (Pay-by-Bank)

  • Instant or same-day payouts

  • Almost zero chargebacks (bank-verified)

  • Lower fees (1% + 25p)

  • Seamless biometric authentication

  • No redirects or passwords

Checkout Experience Comparison

Feature Shop Pay Express Wallid Express Checkout
Guest Checkout UX Requires login ✅ No login needed
Redirects Shopify-hosted None
Autofill From Shop Pay ✅ Bank-verified data
Mobile Optimisation Optimised ✅ Optimised
Payout Speed 2–5 business days Instant – 2 hours
Chargebacks ⚠️ Yes None
AuthenticationSMS loginBiometric + bank login

Shopify Plan Payment Cost Comparison

Shopify PlanShop Pay (via Shopify Payments)Wallid Express CheckoutShopify 3rd Party Fee Total Wallid Cost
Basic (£25/mo)2.0% + £0.251% + 25p 2.0%3.0% + £0.25
Shopify (£65/mo)1.7% + £0.251% + 25p1.0%2.0% + £0.25
Advanced (£344/mo)1.5% + £0.251% + 25p 0.5%1.5% + £0.25

£100 Order Fee Breakdown

Shopify Plan Shop Pay Wallid Express (incl. Gateway)
Basic £2.25 £3.25
Shopify £1.95 £2.25
Advanced £1.75 £1.75

Conclusion

  • Shop Pay is convenient for repeat customers, but comes with

    • High fees
    • Chargeback risk
    • Delayed payouts
  • Wallid Pay-by-Bank gives Shopify merchants

    • Instant payouts
    • Lower fees
    • Almost zero chargebacks
    • Seamless mobile checkout
Payment App

Wallid’s Pay-by-Bank app integrates directly with Shopify checkout, enabling instant bank payments, significantly lower transaction fees, and almost zero chargebacks.

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

Learn More about Wallid Pay-by-Bank Checkout

What Our Clients Say About Us

* Shopify 3rd party fees may apply.

Trusted by
1000+ Merchants

Ready to Cut Fees & Get Paid Instantly?

Frequently Asked Questions
Yes. Wallid Pay-by-Bank and Shop Pay can run side-by-side.
Yes — it uses Open Banking APIs, biometric logins, and no card storage.
Yes. Shopify applies third-party gateway fees (0.5–2%) depending on your plan.
Wallid Pay-by-Bank is optimised for UK and EU accounts.