Review on Dwolla by Douglas Cachazo
Dwolla: a modern platform to schedule payments for companies.
Platform founded in 2008 with headquarters in the United States, its main feature is the management of scheduled payments, oriented to small and medium enterprises will facilitate sending and receiving payments, an interesting feature to manage funds, the way to operate with Dwolla is very simple and has three levels to operate with your company, one free with no monthly fees, another with a fixed monthly fee that offers more features and finally a customized plan with monthly fees depending on customer requirements.
Thanks to the innovative funds control system allows your company to schedule mass payments to customers or individuals, schedule recurring monthly payments very similar to the traditional bank domilization, it is also available the customization of invoices, allow split payments by installments depending on the payment option that the customer chooses,
The API integration is very easy, it is programmed in the programming language Phyton whose code is very intuitive and elegant, the process is to integrate the API, add customers and payment methods and ready to operate, you can expand to another payment plan depending on your needs.
I must clarify that it is not a global platform, it operates only in the United States because of the partnerships with most of the banks and financial institutions in that country, it is oriented to the North American market. It accepts many payment methods, bank transfers, credit cards, payments using Paypal, Stripe, Skrill, Braintree.
Pros
- Pioneer among payment platforms
- Good customer base
- Partnership with major North American banks and financial institutions
- Numerous payment methods
- Massive payment scheduling
- Possibility of installment and recurring payments
Cons
- Operates only in the U.S.
- High monthly fees
