Dwolla
Dwolla is a financial technology company that offers an online payment platform to transfer money between banks and businesses for a low flat fee. It allows fast and secure bank transfers without the high fees of services like PayPal or credit cards.
money-transfer
bank-transfers
low-fees
payment-platform
Dwolla: Low Flat Fee Online Payment Platform
Dwolla offers fast and secure bank transfers with low flat fees, ideal for businesses and individuals looking to transfer money online.
What is Dwolla?
Dwolla is an online payment processing platform designed to provide businesses and individuals with a fast, safe, and affordable way to send and receive money. Founded in 2008 in Des Moines, Iowa, Dwolla aims to disrupt the payments industry by eliminating credit card transaction fees which can account for 2-3% of payments.
Instead, Dwolla leverages bank transfers to facilitate payments between parties for a flat fee of only $0.25 per transaction (for transactions over $10), regardless of the payment amount. This allows for significant cost savings, especially for large transfers.
Dwolla's platform uses the latest security features such as encryption and fraud detection to protect user data and money. It has partnered with over 650 banks and credit unions to seamlessly integrate bank accounts for quick transfers.
In addition to simple money transfers, Dwolla offers other features like MassPay to pay several vendors at once, white label payments solutions, and an API to integrate Dwolla's services into other platforms and software.
Overall, with its low fees and robust platform, Dwolla is an attractive payment processing option for both businesses and consumers looking to save money and time with bank-linked money transfers.
Dwolla Features
Features
- Bank transfers
- ACH payments
- White label payments
- Automated payments
- Mass payouts
- Custom integrations
Pricing
- Freemium
- Subscription-Based
Pros
Low flat fees
Fast bank transfers
Secure platform
Simple integration
Good for recurring payments
Cons
Limited payment options
Less known than PayPal
Must link bank account
US only
Official Links
The Best Dwolla Alternatives
Top Business & Commerce and Payment Processing and other similar apps like Dwolla
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