Dwolla is a well known electronic commerce company that facilitates money transfer through online and mobile platforms. The DWOLLA Company is based in Des Moines, Iowa. It offers consumers with a reliable way to make mobile and online payments. The company was established by Ben Milne and Shane Neuerburg in the year 2008 but was officially launched in the year 2009. It has been able to transact over half a billion US dollars ever since then. The name ‘Dwolla’ is formed by the combination of ‘Dollar’ and ‘Web’.
The payment system is very stable and has strong foundations that enable it to effectively handle digital currency. It’s a very common system used by a popularly used by users of a digital currency system known as Bitcoins. The process allows user of this system to purchase Bitcoins in exchange for dollars. It also enables users to sell Bitcoins via Dwolla. All this can only be done with the consent of the user who controls all the transactions and performs all the processes via Dwolla. It’s very important to note that Dwolla and Bitcoins are two separate entities with neither of the two endorsing the other.
DWOLLA started by coming up with an integration system where online wires transfer of money took 2-3 days. They however improved and came up with a system that makes instant transactions known as ACH (Automated Clearing House). They also have a security system that prevents cases of card fraud. This system prevents DWOLLA users from entering their card information while transacting online. The system is known as Grid and follows an account security clearance process similar to social sites such as Facebook. This is more of a simple single click procedure with utilizes the OAuth standard.
The DWOLLA service rates are considerable cost effective with their normal flat rate fee of $0.25 for every $10 transacted. This is very convenient as opposed to the normal percentage system used by other online and mobile money transfer systems. They also use a system that is facilitated by a bank account based payments. Users who opt to use their credit cards to transact will only be charged 3.5% of the entire transaction.
You can be able to enjoy this payment system from anywhere in the world as long as you have internet connections. The process is very simple:
1. You should first open your browser and select a suitable search engine to use. Search for the DWOLLA website using your preferred search engine. You can also opt to go directly to the DWOLLA website by visiting www.dwolla.com
2. You be required to sign up if you don’t have an account. This will enable you to have access to their numerous services. Click on the sign up button and choose the type of account that you want.
3. You should then input your email address and choose password that is convenient for you. Click on the box labeled “Accept”. This is s confirmation that shows you have agreed to the terms and conditions of DWOLLA. You should then click “Create my account” and wait for a confirmation email that you’ll use to activate your account.
4. You’ll then be able to enjoy the DWOLLA services once you’ve activated your account. You can log into your account at anytime of the day using this page.
5. You can upload funds into your account. You will also be able to receive and making payments using this working account. You can click on the E-payment options, direct Debit payments or cash payments to choose the option you want to use to pay with. Always make sure that you log out once you are done.
You can now be able to simple and conveniently transfer money from your DWOLLA account to bank or credit union. This transaction is not only fast but also carries no hidden cost. In short, such transfers are free since they aren’t charged. You can also use your DWOLLA account to send money to other online and mobile platforms such as:
– Email addresses
– LinkedIn Connections
– Twitter followers
– Facebook friends
– Businesses and companies that accept the DWOLLA money transfer system (e.g. Xsolla)
One of the greatest advantages of this system is that it enables you to conveniently and effectively send money fast to people who don’t have a DWOLLA account. However, they will need to sign up and create a DWOLLA account in order to gain access to these funds and withdraw or use them. The receiver of the cash should pay the $0.25 transaction fee though the sender can also opt to pay it on behalf of the receiver.
There are very many benefits that come with transacting money using DWOLLA payment system. It’s very safe and secure and allows users to pay money for various uses. You can buy lunch and or use it as a means of accepting payment from your customers. A lot of innovators have also adopted the use of DWOLLA on their websites and web applications. This has been done by a lot of business that want to improve the means used to make money transfers. They are also very trustworthy and that’s why their services have been employed by organizations that use it to accept donations.
If you have any questions about this payment method, please contact our support.