Review on Dwolla by francis fernandez

Name: Dwolla
Item: Dwolla
Rating: 3

February 15, 2021

facilitating your payment and collection procedures

Electronic commerce has gained important ground over traditional commerce; however, there are those who still feel more secure maintaining the relationship of their finances with financial entities.
Dwolla is the digital link bridge between the user and the banking institutions; to allow the administration of funds according to its guidelines.
How is the connection between Dwolla and the bank achieved?
Dwolla has a technological infrastructure that provides a digital payment solution that links the instructions of the fund holders with the banking entities.
Dwolla Creates Link with Veridian Credit Union Financial Consortium; who is in charge of executing virtual payments; debiting the accounts you keep in your wallet together with other assets.
Dwolla also uses the logistical and financial support of other banking institutions for the execution of real-time money orders, electronic checks and Push to Debit settlement.
The most attractive feature of this payment mechanism is the savings it represents for its users; by reducing the payment of transaction fees to which operations on fully decentralized payment platforms are subject.
Dwolla has earned the trust of its users for its easy interface and the security it provides to its customers. It also allows speed in your operations, although they are not fully automatic and offers versatility in your payment management.
Although many merchants bet on the speed and transparency of the various fully decentralized online payment platforms; Dwolla provides a partially centralized payment solution that builds trust for those who prefer banking-backed commerce operations.
Dwolla has a long history in the market since its appearance in 2008; whose mission is to simplify payment channels, while still offering transparency, efficiency and economy to its customers.
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