Anyone Use Dwolla?

TylerDurden

TylerDurden

You Are Not Your Job
Oct 6, 2008
1,191
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0
Hawaii
Their product sounds great in theory and I've been considering using them as a payment processor for our SaaS product but I haven't been able to look at their API because their site has been down for at least a week. Anyone have any experience with them?
 


Down for a week? Are you sure? I just signed on today and it was fine, and the last time I signed on was fine too on the 16th.

I recommend using them in addition to other payment processors, it's not all that popular but it works just fine.
 
They don't accept credit cards, so what's the point of using them? For that 0.015% of your customer base that also has a Dwolla account, and money actually on it?
 
Rage9 said:
Sounds like a great idea to run transactions through them!:uhoh2: Also, no, I haven't heard of them.
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I feel you on that one but I've read a lot of press about them and they sound like they are gonna do big things.

I did think it's weird that I haven't been able to visit their site for so long so I'm starting to think that it's just because I'm in Hawaii. I've never had this problem before with other sites. I have been able to get to their blog however so who knows what it could be.
 
No trouble accessing Dwolla's website. Now or a few weeks ago.

I believe not using credit cards is a large part of their attraction. Looks to me they are not necessary trying to replace the retail point of sale. Using with regular merchant account and PayPal would cut my monthly cost significantly. I haven't signed up so would like to hear more from kstanki2 and others using it currently. I have clients paying $600 - $2000+ per month. I dislike checks, regular mail, post offices, and hope to not set foot inside a bank in 2012.

An account setup with Dwolla doesn't look any more painful than same with PayPal. Can't imagine my regular customers having a problem with signing up. Middle of the road there is like $40 per transaction with PayPal. If I'm reading Dwolla right it would be $0.25.
 
Uptime said:
No trouble accessing Dwolla's website. Now or a few weeks ago.

I believe not using credit cards is a large part of their attraction. Looks to me they are not necessary trying to replace the retail point of sale. Using with regular merchant account and PayPal would cut my monthly cost significantly. I haven't signed up so would like to hear more from kstanki2 and others using it currently. I have clients paying $600 - $2000+ per month. I dislike checks, regular mail, post offices, and hope to not set foot inside a bank in 2012.

An account setup with Dwolla doesn't look any more painful than same with PayPal. Can't imagine my regular customers having a problem with signing up. Middle of the road there is like $40 per transaction with PayPal. If I'm reading Dwolla right it would be $0.25.
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You are correct, <$10 transactions are free and anything above is a flat $.25. Like I said, it's not that popular and you won't run into a lot of people who use it, but when you do it's nice to have an account set up. I've had 3 clients so far opt for dwolla when I gave them the choice out of paypal, google checkout, bitcoin, or dwolla and each transaction has gone smoothly- you just give them your 9 digit (?) account number and they can send money to it. I haven't integrated it into a shopping cart or anything like that- I intend on looking at the API but haven't gotten around to it.

I'm sure you've already seen this page, but it covers pretty much everything. I say it doesn't hurt to have it as an option for your clients, you never know when someone will want to use it. I've only used it for transactions from $50-300, so I can't tell you how good it is for the numbers you're dealing with.
 
Kstanki2 said:
You are correct, <$10 transactions are free and anything above is a flat $.25. Like I said, it's not that popular and you won't run into a lot of people who use it, but when you do it's nice to have an account set up. I've had 3 clients so far opt for dwolla when I gave them the choice out of paypal, google checkout, bitcoin, or dwolla and each transaction has gone smoothly- you just give them your 9 digit (?) account number and they can send money to it. I haven't integrated it into a shopping cart or anything like that- I intend on looking at the API but haven't gotten around to it.

I'm sure you've already seen this page, but it covers pretty much everything. I say it doesn't hurt to have it as an option for your clients, you never know when someone will want to use it. I've only used it for transactions from $50-300, so I can't tell you how good it is for the numbers you're dealing with.
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In my situation I'm not really dependent on running into someone who already has an account. Most of my clients I have history with and will sign up once they receive the new payment instructions. Ran across Dwolla about a month ago and because of this thread going to give it a try now. Appreciate your input and the op starting this thread.

Anybody know what is going with the Visa to Visa account payment processing possibility?
 
They're also only US based, which isn't any good. 10 years ago, probably 85% of my customers were US based. Nowadays, it's about 40%.
 
Kiopa_Matt said:
They're also only US based, which isn't any good. 10 years ago, probably 85% of my customers were US based. Nowadays, it's about 40%.
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Yep was just thinking this. No small problem unless they grow out of it.

Just billed out a $1270 should be about a $36.88 diff. Will see how it goes.
 
I looked it over but not worth it if the customer has to create an account. hard enough getting customers to buy something... Dont have the time to sell them on a nobody company then try to get them to setup an account. Just to many hoops.
 
You guys are talking about maybe all of a couple percent that have these accounts. Would it really change how much you made by not having Dwolla? Probably not. I'm just saying, until it gains more steam, it's not worth it.
 
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