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Finally. A Service with the lowest transaction fee to move money online!

Discussion in 'Black Hat SEO' started by originalposter, Sep 19, 2013.

  1. originalposter

    originalposter Jr. VIP Jr. VIP

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    Came across this service the other day and it seems very amazing. This can be perfect for IMers who are new with small transactions as well as someone who does a lot of big transactions.

    http://www.dwolla.com
    "No percentages. No hidden fees. Just 25ยข per transaction or free for transactions $10 or less."

    $0.25 per transaction can really save alot in long run, as opposed to Paypal, charging something like 2.9% + $0.30 per transaction.
    So if you have a $199 sale, you give $6.30 to Paypal. With Dwolla, you only pay $0.25.

    I believe its quite straight forward from here. You do the math.
     
  2. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    Sound interesting. Indeed the fees are very low. but it can be used for an online shop, like paypal is used?
     
  3. originalposter

    originalposter Jr. VIP Jr. VIP

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    I guess it depends on what platform you are using and if there are any plugins / extensions made for it yet (which I expect there will be since its getting popular).
    If there isnt, and you want to get one going, then they also offer an API: https://developers.dwolla.com/

    EDIT: Actually, it seems there were already developed: https://developers.dwolla.com/bd/carts
     
  4. alott

    alott Junior Member

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    is it supported in India or Pakistan?
    anyone tried..?
     
  5. BigBuddy

    BigBuddy Account Under Review

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    It supports only USA...
     
  6. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    you are right. I will check if amember (I think that amember is the most used script for online shops) has integrated this payment method and post here about this. maybe someone else is interested with this.
     
  7. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    where it says that? I didn't find this info.
     
  8. techfan

    techfan Junior Member

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    Dwolla is a neat idea and the fees are low



    But its not too realistic. The problem is you have to transfer money to Dwolla and the transfer money to the merchant. It simply slows down the transaction rate and that is why Credit cards are more versatile. In ecommerce you want the customer to purchase ASAP, not make them sign up for dwolla and make them wait to transfer funds to dwolla then finanly make the purchase. That might take a week for new users.

    However, I think the best idea is to use both Dwolla and CC/paypal, that way you get the best of both worlds :)

    I personally would love to save but i know my customers are impatient!
     
  9. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    But is not happening same way with paypal? If you don't have founds, it will take money from your CC? For paypal, the transfer is instant. I doesn't happen the same with Dwolla?
     
  10. La_Valette

    La_Valette Newbie

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    It's been around for a while. Cool concept but I'm pretty sure it requires customers to have a Dwolla account. Everybody has a credit or debit card these days, but few have Dwolla accounts (or are willing to open one). So if you're going to offer it, don't depend on it as your sole payment methid.
     
  11. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    true. but any alternative to paypal (to use it with as an additional payment processor) is welcomed. Especially when the fees are smaller compared to PP.
     
  12. BigBuddy

    BigBuddy Account Under Review

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    when you sign in, you will notice this..
     
  13. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    just noticed it:
    [h=2]"We require a valid U.S. phone number on file for your account."[/h]:(
     
  14. djp3k05

    djp3k05 Jr. VIP Jr. VIP

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    they let you register, confirm email and only after that you see that message.
     
  15. haridada

    haridada Senior Member

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    Too bad its US only. Otherwise, this is a great service
     
  16. nanavlad

    nanavlad Jr. VIP Jr. VIP Premium Member

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    Until they go worldwide, they will never be a real competitor to paypal

    People are lazy and don't want to be bothered setting up more than one online payment stream