What is Dwolla? Dwolla Review, Features

What is Dwolla? Dwolla Review, Features

Founded in 2008, Dwolla is an American e-commerce company that provides an online payment system and mobile payment network of the same name.

About Dwolla

  • Dwolla gets rid of credit cards and credit card processing fees. Pay anyone any amount of money instantly, without a percentage charge based on the transaction amount. Dwolla charges 25 cents for transactions over $10, and no fees for transactions under $10.
  • As long as you have a Dwolla account, you can use Dwolla to transfer money to anyone. Of course, the recipient also needs to register an account to receive the money. One of Dwolla's unique practices is that it uses social networks as contact lists. Users can log in to Facebook and enter their friends' names to transfer money to them.
  • Dwolla’s secure, mobile-first approach unlocks a broad range of account-to-account payment types and flows. A solution that can programmatically process 5 or 5,000 transactions with a single click. Trusted for reliability and scalability with 99.99% uptime and billions of payments processed. Real-time webhooks, different payment flows, and transfer types expand use cases.

Features of Dwolla

1. Multiple capital flows

Pay, Receive or Assist Payment – ​​Choose the transaction type to combine a credit card or debit payment.

2. Faster payment methods

Take control of the timing of your accounts payable or accounts receivable using ACH, real-time payments, push to debit, instant balance transfers, or wire transfers.

3. Digital Wallet

Add wallet-like functionality with Dwolla Balance so verified users can instantly access funds and start making payments.

4. Dedicated support

Equip your team with the resources and dedicated team members to configure a payment solution tailored for your business.

5. Batch Payment

Reconcile up to 5,000 payments at once with just a few clicks.

6. Real-time web hooks

Receive notifications from payment platform APIs about transaction status and other application activities.

7. Sandbox environment

Build your integration in our test environment.

8. Virtual Account

Simplify the process of transferring funds to and from external parties through your Dwolla Balance.


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