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Shopify Payments vs Pa-by-Bank: Fee Comparison by Card Type & Plan (2025)

Cut Your Payment Fees

Looking to reduce your Shopify transaction fees? This detailed comparison breaks down the real costs of using Shopify Payments vs Pay-by-Bank for a £100 order. Whether you’re on the Basic, Shopify, or Advanced plan, this page will show how much you actually pay in fees—and how Pay- by-Bank can cut those costs by up to 60%.
  • Shopify Payments offers simplicity and integration — but fees vary depending on

    • Your Shopify subscription plan
    • The card type used by your customer (Visa, Mastercard, Amex)

Here’s a breakdown of typical Shopify Payments fees in the UK

Shopify Payments Fees Breakdown by Plan (UK – 2025)

Do Shopify Fees Change by Card Type ?

American Express typically carries higher interchange fees, which are passed on to you as the merchant. While Shopify Payments offers a blended rate, merchants may still see variations.

Do Shopify Fees Change by Card Type ?

American Express typically carries higher interchange fees, which are passed on to you as the merchant. While Shopify Payments offers a blended rate, merchants may still see variations.

0.7% + 25p base fee per transaction

Biometric ID & fraud checks

Instant settlement

No chargebacks

No card scheme fees

Depending on your integration and plan Shopify may apply third party payment fees (2.0%, 1.0%, or 0.5%). Revised on 31.03.2025

What About Pay-by-Bank?

Pay-by-Bank (powered by Wallid) is an account-to-account (A2A) payment method using open banking rails. It doesn’t rely on card networks, which means

Pay-by-Bank vs Shopify Payments: £100 Order Fee Breakdown

Pay-by-Bank vs Shopify Payments:
£100 Order Fee Breakdown

Key Takeaways
  • Pay-by-Bank is up to 60% cheaper than Shopify Payments for a £100 order
  • Flat fee of £0.95 per transaction with Pay-by-Bank, versus £1.75-£2.25 with Shopify Payments
  • No chargebacks or card scheme fees — ideal for high-risk or high-volume merchants
  • Instant settlement improves cash flow compared to Shopify’s 1–3 day payout
  • Works alongside Shopify Payments — not a replacement, but a smarter add-on.

Payment Tip

Shopify Payments is a solid, built-in checkout solution — but it comes with variable fees that depend on your plan and card type.
Pay-by-Bank is a smart add-on for Shopify stores looking to lower transaction costs, eliminate chargebacks, and improve cash flow through faster settlement.

Keep in mind: depending on your Shopify integration, third-party fees may still apply.

📌It’s not a replacement — it’s a complement.

Use Pay-by-Bank alongside Shopify Payments to offer a faster, lower-cost payment option that enhances your entire checkout experience.

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