Do not rely on the credit card payment products: Dwolla, infinite future! payment industry in the introduction to how evolution so far, you have found that the vast majority of electronic and mobile payments are successful in the market or in the credit card-based products are derived from, and their success is tantamount to the credit card industry to help lift car, even though there are more traffic on these electronic and mobile payment platform collection, credit card industry is still in the middle of a fierce slap; so they either Square or PayPal fees are based on 2.5% jump, because credit sailor moon wigs cards
Merchant Service Charge industry has become the new payment patterns of cost, these electronic and mobile payment of profit truth is that the merchant service fee of 2.5% plus the base and then further on to make the difference, can be Cosplay Costumes said to be the credit card industry The distributors.
But if you have to remember I'm in \u0026 ldquo; describes how PayPal money \u0026 shakugan no shana wigs rdquo; essay mentioned, PayPal further expand the sources of funds from credit card to bank transfer, PayPal has made an attempt to reduce the cost of capital to expand their profit margins This feature also explains why PayPal relative to other electronic and mobile payment money. I am here today to talk you about this company is even more extreme, because he advocated the need to completely skip the credit card industry, then the cost savings are passed on to business, they want to use such a model to establish the price of the destruction of an entirely different previous payments for ecosystem. Dwolla is a handful of credit cards does not rely entirely on market payment products, so the payment with other funds through credit card transactions made product than up, he's very friendly to business pricing: $ 10 or less transactions 'free', $ 10 above only charged with the business transaction, '$ 0.25' and is the flat fee, more handsome is its pricing, only these two, no matter how much did it! He in the end how to do it? The answer is very simple, it is through through a bank transfer. ! Yes, you can say Dwolla is to go retro style of the company, or that is given new life to old things a company; and this all started simply because founder Ben Milne believes service fee charged by the credit card company with the business fundamental profiteering, just US credit card industry a market year pocketed $ 48 billion US dollars, he found that the traditional settlement system has been able to provide cheap and reliable funding distribution channel, only drawback is that the clearing system and no way to provide real-time trading and information flow, so long as these two portions of innovation, you can give the bank clearing system a new life. Dwolla provided to each user (consumer or business) an electronic wallet, the electronic purse can be connected to a bank account, then use the interbank clearing system (ACH) Dwolla account funds to move from your bank account, although transfer process may take 2-4 days time, but the system is quite stable and low prices, the cost of capital for Dwolla it is close to zero, which is why Dwolla can provide such a competitive price to the merchant. Dwolla will be in your wallet recharge after receiving the payment, so that you can make payments with other e-wallet, since the electronic purse on (close loop) with a platform, so cash flow with the information flow can be done Instant place, creating a very smooth experience. If you are a coffee shop, there are 100 pens total $ 500 non-cash transactions per day, the cost of credit card transactions will be $ 15 a day (nearly $ 500 a month), Dwolla cost is almost zero, if you're a business you Which would prefer payment? I think the answer is clearer, but also. And for consumers, Dwolla use quite easily, while providing Internet and mobile phone interface, Dwolla allows users to transfer money to a friend like send messages to each other on facebook as easy and simple, Dwolla Proxi (LBS function) make Users can find nearby the stores accepting Dwolla on the map to help users store entity in the transaction, so that buyers and sellers can experience Dwolla as soon as possible to further establish the number of users. May 8, Dwolla more announced FiSync, there is an API user participating bank ACH system can be shortened 2-4 days clearing time to the same time, so consumers can instantly funds in their bank accounts and Dwolla account moving between. This series of \u0026 ldquo; Year Old with innovation \u0026 rdquo; explain what one from Iowa this population of 23 million small payments to local companies can get the market's attention, and even Ashton Kutcher have become Dwolla angel investors, and is actively involved in a lot of public relations activities, because this can bring down credit card payment rookie brother who has strength with the ideas, although just getting started, the number of users has not yet reached critical mass, but I believe their success is only a matter of time, but I'm looking forward to is Dwolla What kind of impact will bring the payment industry, let us wait and see. By the author of this article i horse finishing Vito Corleone from techorange