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The best way to move money with Dwola payment gateway extension for Ready! E-commerce WordPress plugin.
Dwolla is a privately held American company providing online and mobile payments services, the mechanism of which is unique, although it is based on traditional operations with cash. Dwolla payment system allows to pay for goods or services granting customers complete freedom from go-between (for example, banks or other payment systems) since transactions are made on P2P (peer-to-peer) basis.
The company was launched in 2008 starting with serving just a few small retailers and banks in Iowa. By the end of 2009 Dwolla began to provide services throughout the US and in 2011 the number of its users reached 20 000 while 11 financial institutions chose the company as a method of payments available for their customers. During the same year the company introduced FiSync integration allowing instant transactions in contrast to ACH’s several days wait and Grid service giving users the opportunity to transfer money without entering their credit card information online.
Transactions are conducted quickly, safely and easily at a flat fee of $0.25 per transaction if the sum is more than 10$ while mini-transactions (less than 10$) are not subject to charging fees.
Also advantages of Dwolla include the possibility of sending and receiving money using mobile devices and transferring money through social networking services like Facebook. Some shops offer discounts for Dwolla users and they are granted with handy feature of configuring automatic regular payments such as utility bills. Detailed reports about transactions are available too.
Dwolla web-based software platform is a really economical and simple way of providing online payments while ensuring reliable fraud protection and due to this is efficient for processing e-commerce payments, making donations or direct money transferring.