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.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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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.
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| Website | http://www.dwolla.com |
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US-based online, mobile and social payments platform provider Dwolla has introduced a new feature, dubbed the Instant. Via the newly released feature, users will be able to transfer money instantly. Before the introduction of the Instant capability, users could not transfer funds immediately unless they had money in their Dwolla account. For accountholders from linked credit unions or banks, the transfer [...] Read more
There's a tiny 12-person startup churning out of Des Moines, Iowa. Dwolla was founded by 28-year-old Ben Milne; it's an innovative online payment system that sidesteps credit cards completely. Milne has no finance background yet his little operation is moving between $30 and $50 million per month; it's on track to move more than $350 million in the next year. Unlike PayPal, Dwolla doesn't take a perce [...] Read more
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