PayPal – Global reach, but high fees and fund holds.
Klarna – Buy Now, Pay Later, but slow settlements for merchants.
Apple Pay / Google Pay – Fast UX, but same card fees underneath.
Pay-by-Bank (via Wallid) – Direct bank payments with instant settlement, no cards.
Below is how they stack up for UK furniture and décor sellers.
Shopify Payment Methods Compared
Payment Method
Transaction Fees (UK)
Payout Speed
Chargebacks
Best For
Wallid Pay-by-Bank
~0.7% + £0.25
Instant
None
High-ticket furniture & bespoke décor
Shopify Payments (Card)
1.7–2.0% + £0.25
3–5 days
Yes (£10 per case)
General retail & low-value items
PayPal
~2.9% + £0.30
2–7 days
Yes (buyer-favored)
Cross-border & trust-first buyers
Klarna
2.49–5% + £0.20
7–14 days
Merchant liable
Pay-later convenience shoppers
Apple Pay / Google Pay
~1.6–1.8% + £0.25
3–5 days
Yes
Mobile checkouts
Deep Dive: Which Payment Option Wins for Furniture?
Shopify Payments
✅ Simple setup and brand trust.
⚠️ Fees range from 1.5–2% + 25p per order.
⚠️ Funds take 3–5 business days to arrive.
⚠️ Subject to chargebacks and 3DS friction for large orders.
Good for small décor items, not ideal for £1,000 sofas or custom lighting orders.
PayPal
✅ Familiar to customers, especially international.
⚠️ Fees up to 2.9% + £0.30 + Shopify’s 1–2% third-party fee.
⚠️ Frequent disputes and temporary fund holds (especially for pre-orders).
⚠️ Payouts can take up to 21 days for new merchants.
Good for customer trust, but high cost and payout delays make it risky for cash flow.
Klarna
✅ Increases conversion by offering Pay Later options.
⚠️ High fees (2.5–5%), long payouts (7–14 days).
⚠️ Merchant liability for returns, chargebacks, and non-payments.
Works for lower-ticket décor, but not sustainable for high-value furniture margins.
Apple Pay / Google Pay
✅ Smooth mobile experience, reduces typing errors.
⚠️ Still card-based → same fees and chargeback risk.
✅ Complements Pay-by-Bank as an alternative, not a replacement.
Pay-by-Bank (via Wallid)
✅ Instant payouts directly to your business bank account.
✅ No card network fees — typically ~0.7% + £0.25 flat.
✅ No chargebacks, no fund holds, no credit limits.
✅ Fully FCA-regulated Open Banking rails for secure checkout.
✅ Integrates directly with Shopify checkout via the Wallid App.
Perfect for furniture, lighting, custom décor, and high-AOV brands.
Real Example: Furniture Order Profit Comparison
Order Value
Shopify Payments (2%)
PayPal (3%)
Pay-by-Bank (0.7%)
Net Savings
£300
£6.00
£9.00
£2.10
£3.90 – £6.90
£1,000
£20.00
£30.00
£7.00
£13 – £23
£2,000
£40.00
£60.00
£14.00
£26 – £46
By switching to Pay-by-Bank, a furniture merchant doing £50k/month could save £1,000–£2,000 in fees every month— while improving checkout speed and customer experience.
Why Instant Settlement Matters
Unlike card networks that batch transactions and settle later, Pay-by-Bank uses real-time bank transfers.
This means:
Cash flow improves — pay suppliers faster.
Faster refunds — customers trust you more.
Less financial risk — funds go straight to your account.
For furniture stores with long lead times, this reduces financial pressure and enables just-in-time operations.
Merchant Voices
“We sell luxury sofas made to order — Wallid’s Pay-by-Bank changed how we handle payments. Instant funds mean we can start production immediately.”
— David H., Boutique Furniture Store, Manchester
“Klarna used to hold our funds for up to two weeks. With Pay-by-Bank, we get paid instantly — and save on every sale.”