Dwolla is a U.S.-based financial technology company that provides an online payment and money transfer platform. Founded in 2008, Dwolla enables businesses and individuals to make electronic payments, money transfers, and bank withdrawals securely and cost-effectively.
Dwolla’s platform allows users to link their bank accounts and transfer funds directly from their account to other bank accounts. This eliminates the need to use credit cards or checks for payments. Dwolla also stands out with its low transaction fees, making it an attractive option for businesses looking to save on payment processing costs.
Dwolla also offers advanced features for businesses, such as cash management tools, detailed transaction reporting, and APIs for integrating the platform into third-party applications. This allows businesses to customize and automate their payment workflows according to their specific needs.
When it comes to security, Dwolla employs advanced security measures, including data encryption, two-factor authentication, and compliance with industry-leading security standards.