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No more 25¢. No more transaction fees

39 pointsby rubikscubealmost 10 years ago

4 comments

bcg1almost 10 years ago
Dwolla is a fantastic idea and provides a great alternative to credit card networks for payments.<p>One of my sites uses Dwolla as the sole payment processor and also we piggyback off of their verification process to weed out bad actors. I figure that since Dwolla is built off of US banking networks, their user verifications are subject to regulations under the Patriot Act, so probably is good for filtering out the riff-raff from our platform.<p>Ben Milne seems like a good &amp; thoughtful CEO with a long-term mindset, which is refreshing to see in the tech startup culture.<p>My biggest gripe is that I constantly get complaints from people outside the US because they can&#x27;t use Dwolla, and I hate being accused of neglecting our international friends.<p>I guess my other gripe is that I have thousands of dollars worth of transaction fee credits from referrals... guess those are worthless now :)
dragontameralmost 10 years ago
For all standard transactions, Dwolla seems to handle micro-transactions much better than BTC ever hoped to.<p>Even BTC has a built-in transaction cost with every transaction (only a few pennies, but that&#x27;s still more than Dwolla).
bradoralmost 10 years ago
So, what&#x27;s the catch? how are Dwolla going to make money on this?
评论 #9660611 未加载
austinstormalmost 10 years ago
I hope that Dwolla succeeds, because this is a great move.