What is Dwolla and how does it work?
How does Dwolla work? Dwolla enables businesses to accept ACH payments, an alternative to paying with cash, credit, debit or check. Customers can electronically transfer funds directly from their bank account into your business bank account, and you can send ACH payments back to your customers for credits and refunds.
How do I pay with Dwolla?
? This is how it works:
- Create Users. First things first, you'll need to create 'users. ' Once you've done that, your users can then connect and verify their identity within Dwolla's app.
- Link Bank Accounts. Now it's time to link Dwolla to your bank account(s). ...
- Move Money. Now you're ready to automate your payments.
Is Dwolla a bank?
Dwolla, Inc. is a financial technology company that offers businesses an onramp to the Automated Clearing House Network, the electronic funds-transfer system used by U.S. financial institutions that moves $43 trillion annually.
Is Dwolla a payment gateway?
A payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers or traditional brick and mortar businesses. ... Today, Dwolla offers the Dwolla Platform as a payment integration solution to address the needs of an application.