Review on Dwolla by Jose Palma
Dwolla, innovates the way to make payments and with the integration of funding sources such as banking institutions and credit cards.
Dwolla is based on a platform that allows easy payment scheduling, it provides a good linkage with banks, support for credit cards and ACH processing, which allows good optimization in the management of finances, allowing transactions to send payments, receive payments, own two accounts and opt for multiple types of transfers. Dwolla integrates in its payment platform a well-developed wallet, which works as a digital wallet, with extensive functionalities for the administration of finances and business, as well as reliable transactions, since Dwolla has an innovative security system and tokenization technologies, good encryption and access control through authentication. Dwolla, gives access to its extensive features and tools through application compatibility with mobile devices, provides various plans to acquire their payment services and the important thing is that it provides support for developers. Dwolla, innovates the way to make payments and connect with bank accounts, integrates appropriate technologies that enhance its operation as a platform and provides a platform environment with extensive security.
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Pros
- It has an innovative security system, as it provides good control over access to the platform and good encryption using tokenization technology.
- It has a whole ecosystem of tools integrated to its payment platform, allowing several ways to make money transfers, good features for verified or unverified users, new generation wallet and well-developed interface, and good integration with bank accounts and even credit cards.
- Provides adequate characteristics for developers and to be able to build within the payment platform.
- Good availability of access from mobile application.
Cons
- Withdrawals or deposits from bank account to Dwolla wallet and vice versa usually take several business days.
