Top Dwolla Alternatives

Today the payments are made using credit cards. It is, of course, better than carrying cash and then paying through it. But the transaction fees involved in the payments made by credit cards are pretty high and an additional charge. To overcome this problem, the e-commerce company Dwolla came up with online payments and mobile payments that have low transaction costs.

What does Dwolla do?

Dwolla transfers money from your bank account to the bank account of that person whom you want to pay. This transfer has a very low transaction cost and is automated. Dwolla connects your business with the Automatic Clearing House (ACH), which is an electronic fund transfer system.

Products and services by Dwolla:

Dwolla gives you a white-label service, which enables a company to rebrand a product/service produced by another company. It allows instant bank authorization for debiting bank accounts.

It has integrated FiSync with itself, which is a real-time gross settlement (RTGS) feature. It enables large value payments to be cleared instantly.

API of Dwolla:

The Application Program Interface (API) of Dwolla simplifies the complexities of payments. It processes payment requests through the Automatic Clearing House network. As it is an automated technology, you get the facility to save time. Dwolla takes full care of the security needed in the transactions.

The dashboard of Dwolla gives you the opportunity of keeping an eye on the transactions as well as allows you to explore new trends in the business.

Help in need:

A team of dedicated people is available with Dwolla, who can help you whenever you get stuck somewhere. It not only gives you the feature of sending money but also of receiving money. You can process thousands of transactions at once.

It has the facility of notifications, which gives you an insight into your transaction activities. You can also add details related to the payment an invoice.