You're Not Alone in Payment Processing Frustrations
As a Shopify merchant, you've likely felt the sting of high payment processing fees eating into your margins. Every transaction processed through traditional card networks costs you 1.5-3% plus fixed fees, while chargebacks create unexpected revenue losses that can devastate your cash flow.
You're not alone in this struggle. Thousands of e-commerce businesses worldwide are seeking alternatives that offer lower costs, faster settlements, and reduced fraud risk.
The Hidden Costs Killing Your Profit Margins
Meet Sarah, who runs a successful UK-based home décor store on Shopify. Despite generating £50,000 monthly revenue, she was losing £1,200-£1,500 every month to payment processing fees alone. Add chargeback costs, delayed settlements, and failed transactions, and her actual profit margins were razor-thin.
Sound familiar? Traditional payment methods create multiple pain points:
High Processing Fees
Card networks charge 1.5-3% plus fixed fees, significantly reducing profit margins on every sale.
Delayed Settlements
Waiting 1-3 days for payments to clear creates cash flow challenges and working capital constraints.
Chargeback Risks
Card chargebacks can reverse transactions up to 120 days later, creating unexpected revenue losses.
Imagine a World Without Payment Processing Pain
Picture this: Your customers complete purchases with a simple bank login. Payments clear instantly. Your processing fees drop by 50-90%. Chargebacks become virtually non-existent. Your cash flow improves dramatically.
The Solution: Pay by Bank Payments Worldwide
Pay by Bank payments represent the future of e-commerce transactions. Instead of using cards or digital wallets, customers pay directly from their bank accounts using secure, authenticated bank transfers. This method, powered by open banking technologies and real-time payment networks, is revolutionising commerce globally.
Pay by bank app by CartDNA enables Shopify merchants to accept these secure, instant bank transfers from customers worldwide, dramatically reducing costs while improving security and user experience.
Global Pay by Bank Payment Methods
Different regions have developed their own bank transfer payment systems. Here's your complete guide to the most important Pay by Bank methods worldwide:
🇪🇺 Europe: Leading the Open Banking Revolution
Netherlands
Belgium
United Kingdom
Germany
Poland
Sweden
🌏 Asia-Pacific: Mobile-First Innovation
India
China
Malaysia
Thailand
Singapore
Australia
🌎 Americas: Real-Time Revolution
Brazil
United States
Canada
Mexico
Pay by Bank vs Traditional Payment Methods
| Feature | Card Payments | Pay by Bank |
|---|---|---|
| Processing Fees | 1.5–3% + fixed per-transaction | ~0.7% + ~25p flat |
| Settlement Speed | 1–3 days | Instant or same-day |
| Chargeback Risk | High—reversals possible up to 120 days | None—no standard card network disputes |
| User Experience | Card entry, CVV, billing address | Bank login, prefilled data—faster flows |
| Security | Card details stored, fraud risk | Bank-level biometric authentication |
| Global Reach | Broad—but fees vary significantly | Growing rapidly, region-specific networks |
How to Implement Pay by Bank on Your Shopify Store
Getting started with Pay by Bank payments on your Shopify store is simpler than you might think. Here's your step-by-step implementation guide:
Step 1: Install CartDNA App
Download the CartDNA app from the Shopify App Store and connect it to your store in minutes.
Step 2: Choose Payment Methods
Select which regional Pay by Bank methods to enable based on your customer demographics.
Step 3: Go Live
Test in sandbox mode, then activate live payments. Most merchants are processing within 24 hours.