Dwolla was inspired by and created for the web. It is dedicated to providing anyone in the U.S. with an internet connection the ability to safely send money to friends or businesses. The network removes the traditional threat of identity fraud, sensitive financial data, and third-party processors from the transaction, allowing Dwolla to avoid costly interchange fees and move funds under $10 for free, with a flat 25 cents per transaction for over $10.
Cloudswave Score for Dwolla
Rating based on 6 Critic Reviews
Phillip Parker, on CardPaymentOptions.com
Dwolla is making waves in the credit card processing industry. The company offers a low-cost, low-risk payment alternative for merchants. The only drawback to the service is that both the merchant and customer need to have Dwolla accounts. Therefore, the service is best used as a supplement to a traditional credit card processing service. The service is especially useful for business-to-business payments and rent payments.
Peter Anderson , on Bible Money matters
I’ve been using Dwolla for a while now to receive payments from several companies, and it has been extremely easy to use. The fees are lower than other services, and the functionality works well too. The main problem I’m finding so far is that not enough companies are using them, and as such it makes it tough to use them often enough. Once there is a larger number of companies and individuals using them, I’m sure they’ll become my go-to payments network.
Amad Ebrahimi, on Merchant Maverick
I’m always on the lookout for alternative payment methods that can either save you money or help you process more efficiently. At the very least, you should add Dwolla as an additional payment option…similar to Paypal. There might not be that many people using Dwolla now, but the user base is growing daily, and the savings you can see from even a few transactions will be well worth it. Especially if you sell big ticket items.
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