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Dwolla Review

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Revainrating 3.5 out of 5  
Rating 
3.6
Payment Systems

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Description of Dwolla

Dwolla is a fintech company offering reliable payments infrastructure for businesses. From startups to enterprises, businesses across every industry use Dwolla’s Platform to collect, facilitate or send electronic payments. We’ve made an incredibly complex process of accessing the various payment networks and navigating regulations feel simple.

Reviews

Global ratings 7
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Type of review

Revainrating 4 out of 5

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

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

Revainrating 3 out of 5

ACH payment processor for residents of the United States.

Designed as a payment processor in ACH, so that it is only available to residents of the United States, it presents a platform with different payment systems in ACH, in such a way that they facilitate payments without any third party or mediator in between, A form that establishes an account mechanism where users can send funds to each other, in addition to having several payment systems, such as recurring payments and orders. By not accepting credit and debit cards, it only supports bank…

Pros
  • It has white label payment solutions.
  • It has a help section and tools for developers.
  • Excellent dashboard design with real-time updates.
  • Your ACH payment processor is one of the easiest to use on the market.
  • Use tokenization to replace real account numbers with tokens.
  • It has live chat as customer service support.
Cons
  • Does not support credit and debit card payment processing.
  • Their services are only available to residents of the United States.
  • Very few alternative payment processing services (POS and mobile).

Revainrating 4 out of 5

Dwolla: is a payment system that focuses on improving the market.

Dwolla: is a payment system that focuses on simplifying the market, for its customers allowing a better level of trade and working in the traditional process, considering the safe and reliable elements of financial transactions, through this payment system, works directly with different banking services and seek to improve and manage more remotely the commercial agreements of its customers, Its commercial system is structured with market processes and provides solutions and its ecosystem works…

Pros
  • Fast and modern system, studies all optimization possibilities.
  • An algorithm dedicated to charging customers for installments or interest.
  • Works to maintain a fresh and modern ecosystem for everyone.
  • Its adoption with money is very fast with support for mobile applications.
Cons
  • It is not a totally autonomous system in operation, as any payment system is governed by business rules very present throughout its process and achieve balance in them.

Revainrating 3 out of 5

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…

Pros
  • Allows you to automate payments
  • Facilitates the management of scheduled collections
  • Keeps its users updated on their bank transactions
  • Offers flexibility in payment management
  • Allows you to mobilize your money in a few steps with its mobile application
Cons
  • Its operation is not decentralized
  • The management of funds is not totally autonomous

Revainrating 3 out of 5

The Dwolla Processing System

Dwolla is an ACH payment processor platform based in Iowa USA, founded and established in 2008. Ever since the set up has kept evolving and changing it’s model and services to eventually become what it is today. Dwolla does not offer credit or debit card payment options and this sets it apart from the common payment processor systems and merchant account providers we see all around. The information I get about Dwolla coupled with a few other factors all point to the fact that Dwolla is…

Pros
  • The platform is developer friendly and thus hosts a lot of tools
  • There is a pay-as-you-go option available
  • Cheaper plans for smaller businesses
Cons
  • The plans are too expensive
  • Extensive customer support is only available for paid plans
  • No debit/credit card processing support

Revainrating 4 out of 5

Dwolla Offers to Users Fully Automated and Flawless Payment Solutions

When you are looking for frictionless and fully automatic payment solutions, you need not travel far, Dwolla fits the description on all grounds. Dwolla is an online and mobile payment provider solely available in the US. Having well over 500,000, users. It offers white label service with APIs to use ACH system also make available instant bank authorization for debit bank account Before Dwolla disconnecting it Fisync integration, designed to do instant transactions solving the 2- day…

Pros
  • Automated instant payment with an expanded verification options and dash board functionality.
  • Robust Online library that affords users the opportunity to learn about online payment with varied topics to choose from.
  • Large scale of clients, giving it a strong track record of excellent service delivery.
  • Available on web and Mobile applications.
Cons
  • History of security flaw.
  • Custom pricing not published on web.
  • Service available in US only.

Revainrating 4 out of 5

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…

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.