PayPal alternative - Dwolla

[ChrisLS]

I ran across this article the other day:

http://www.thefiscaltimes.com/Articles/ ... aspx#page1

This is a company that wants to make transactions easier and cheaper than they currently are through the credit card system, which PayPal uses. The best part? $0.25 flat transaction fee, regardless of the amount sent. That is less than the interchange fee PayPal is charged. No more 3%+ fees from Paypal! I've already opened my account and will use it for future Bartertown transactions.

I hope other traders/sellers are as excited as I am about this service. Alas, it is only available in the US right now due to all of the regulatory hurdles that are put in the way of competition...

[oaflord]

Can't wait for it to come to Canada, this is really good news!!

oAF

[montaa]

Barring any major changes to the way they do business, it looks like Paypal is out of my world. Account has been set up

[s_o_r_r_o_w]

Dwolla dwolla bills, yo....

[witchcoven]

After reading the article and checking with the Better Business Bureau, I signed up for an account.
I'll let everyone know how a trade involving dwolla goes.

[montaa]

more good news from Dwolla:

http://blog.dwolla.com/all-transactions ... -business/

[MagickalMemories]

Wow.
I'm firmly entrenched with PayPal, having both a debit card and Line of Credit through them, but I'm thinking more and more about opening a dwolla, too.


Eric

[montaa]

This is a singular example, but its still a large amount of pie on Paypal's face.

http://www.regretsy.com/2011/12/05/cats-1-kids-0/

[MagickalMemories]

This is a singular example, but its still a large amount of pie on Paypal's face.

http://www.regretsy.com/2011/12/05/cats-1-kids-0/

What's your point? I think PayPal's acting perfectly reasonably here.
Clearly, that person is trying to help someone without being a legally recognized non-profit organization. That's just wrong!


Eric

[MagickalMemories]

This is a singular example, but its still a large amount of pie on Paypal's face.

http://www.regretsy.com/2011/12/05/cats-1-kids-0/

http://www.cnn.com/2011/12/06/tech/web/ ... hpt=hp_bn6

Chalk one up for the little guy!

Eric

[Forsaken Poptart]

So it's been a week or two since some of you have said you'd be making the switch- how are you guys finding it? Easy to use? Any problems?

[montaa]

I have been loving it so far. It is a bit of work to get people to sign up, but well worth it if you are selling even $60 or $70 worth of items.

Dwolla says they charge 25 cents, and they do indeed charge 25 cents for all kinds of transactions.

[getupandgo]

My only complaint about it is the processing time. 2-4 business days on each end. If they cut it down to 1-2, it will be much more useful for me for a variety of purposes.