What is a Dwolla account?

What is a Dwolla account?

Dwolla is a white-label service for integrating your business with the ACH network, allowing your business to self-host a platform for sending, receiving and facilitating bank transfers. The product boasts comprehensive security measures and assistance with integrating your business’s software onto its platform.

Is Dwolla legitimate?

Dwolla is passionate about online safety. Period. They’re compliant with the SOC 2 framework that offers independent third-party assurance that sensitive data is protected.

How do I create a Dwolla account?

Sign up for free

1. * First name. * Last name.
2. * Business name.
3. * Job Title.
4. * Email address.
5. * Password.
6. By selecting this checkbox, I agree to and accept the Dwolla Terms of Service and the Dwolla Privacy Policy on behalf of my company.

How do I pay with Dwolla?

Sending Funds Using the Dwolla Dashboard

1. Step 1: Navigate to the ‘Customers’ Tab.
2. Step 2: Click the ‘+ Create New Customer’ Button.
3. Step 3: Create Receive Only User.
4. Step 4: Attach a Funding Source.
5. Step 5: Provide Funding Source Information.
6. Step 6: Select the User.
7. Step 7: Send Funds.
8. Step 8: Designate an Amount.

Is Dwolla a bank account?

Checking/Savings Account Dwolla has made the process of adding or verifying a bank funding source to an end user painless. With IAV, a user can add their bank in seconds.

Is Dwolla a bank?

Dwolla, Inc. is an agent of Veridian Credit Union. Your Dwolla Balance, if any, is held in one or more pooled holding accounts held by Veridian Credit Union. All Dwolla clients and their customers are customers of Veridian Credit Union, which provides ACH and Wire transfers to Dwolla users.

Who uses dwolla?

We have data on 27 companies that use Dwolla….Who uses Dwolla?

Company	The Wunder Company
Company Size	10-50
Company	BlueZebra Sports
Website	bluezebrasports.com
Country	United States

Can you use a credit card on dwolla?

Dwolla does not currently offer credit card payments on the Dwolla Platform. Accepting various payment cards can be parts easy and complex. Card acceptance functionality with Payroc allows a merchant to accept credit or debit card payments, while potentially offering a cash-back option.

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.

What is the meaning of Dwolla?

Dwolla provides a free web based software platform which allows users to send, receive, and request funds from any other user.

What bank does Dwolla use?

Veridian Credit Union
All Dwolla clients and their customers are customers of Veridian Credit Union, which provides ACH and Wire transfers to Dwolla users.

Who are the founders of the company Dwolla?

After raising US $1.31 million in funding, Dwolla launched in the United States on December 1, 2010, with founders Ben Milne (CEO) and Shane Neuerburg (CTO), in Des Moines, Iowa, and initially with a few small banks and retailers.

Which is white label service does Dwolla use?

Dwolla provides a white label service consisting of APIs to use the ACH system and white label services expanded from payouts to include instant bank authorization for debiting bank accounts

How big was Dwolla when it first started?

By June 2011, Dwolla had grown to 15 employees and 20,000 users, and it processed $1 million in a week for the first time. Dwolla began with Veridian Credit Union for banking services, while The Members Group of the Iowa Credit Union League processed their transactions.

What kind of payment system does Dwolla have?

Dwolla /dəˈwɑːlə/ is a United States-only e-commerce company that provides an online payment system and mobile payments network.