Making a bank transfer is very easy

[rifathasan]

Dwolla might not be on your radar right away, but it’s worth checking out because it works very similarly to PayPal. While you have the ability to send and receive payments from businesses and individuals, the best part is that the company specializes in ACH bank transfers. This is definitely the best option if you plan on receiving or sending a lot of bank transfers. Unlike PayPal, Dwolla is not a card processing solution. Instead, it facilitates the transfer of funds by communicating directly with poland number data your bank account. The good thing about eliminating cards is that it keeps transaction costs low. In fact, Dwolla’s main goal is to help anyone with an internet-enabled device send money at the lowest possible cost. And to do this, Dwolla doesn’t charge a cent to process funds under $10. Above that, each transaction will cost you a flat rate of $0.25. It’s really that simple. Overall, compared to PayPal, 2.9% plus $0.30 seems outrageously high, especially if you process a large volume of transactions. For example, a merchant making 10 transactions worth $100 each would only incur a Dwolla fee of $2.50 . In contrast, PayPal would deduct $32 .

Pros

Branding tools are powerful and easy to use.
Next day transfers are offered for a fixed fee.
The transaction fee is only $0.25.
Allows the sender to pay a transaction fee if required.
Instant money transfer is offered.
You can automate mass payouts, for example, if you have a marketplace.
Cons

You cannot make payments unless both the sender and recipient use Dwolla.
You cannot open an account with Dwolla if you are located outside the United States.
Dwolla Business has a monthly fee and it's not cheap.