There are those who became disenchanted by PayPal as an online payments choice ever since it was bought by eBay. Many have felt the sting of misplaced resources, account freezes and other service problems that some might say rest just this side of outright fraud. Then there are the charges. For those who desire alternatives, there's Dwolla, an online installments website that claims it does a much better job than the opposition, for less cash. Source of article:

https://personalmoneynetwork.com/



Dwolla those charges away


Instead of charging the typical 3 percent plus extras fee of PayPal and similar services, Dwolla charges a flat $0.25 - plus any transactions under $10 are free.



The service is a bit different in that you can connection your bank account up to it but nothing else. The <a href="https://personalmoneynetwork.com/installment-loans/">competition</a> typically allows credit and debit cards to be used, but only cash can be used with Dwolla. It is a good deal otherwise.


Avoiding plastic


Why the aversion to plastic? Dwolla sees the use of plastic credit and debit cards as cost-generating, anywhere from 2 percent to 7 percent in swipe fees. By not allowing these into the network, the online payment service keeps costs to consumers down and generates more profit for itself.


Finding those who use Dwolla



There are a growing number of people using Dwolla, but PayPal still has the market share. The most difficult step right now would be finding a way to use Dwolla despite the fact that there is not a lot of market for it yet.



The other nice thing about Dwolla is that it is really simple to make installments to friends as long as they have Dwolla too. You can send money to friends through Facebook and Twitter with a social payment feature.


Make it as fast as possible



Dwolla has done everything possible to make it so customers do not have to wait too long to get their cash. The basic concept is that a system call FiSync can transfer money without delay if the user’s bank utilizes it. Dwolla will stop working the timeline for a customer if the bank does not use the system. PayPal can take as long as 4 days to transfer money, and Dwolla works to go much faster than that.


Safer than charge cards



Dwolla claims to be safer than a charge card when it comes to fraud, but as Cash Wise Life accurately points out, information about how it will handle such typical fraud transaction elements as chargebacks is lacking on the company's site. As such, many people might be hesitant to move a lot of cash through Dwolla until the business addresses fraud protection more clearly. However, lower transaction fees and reportedly faster transfer times will be enough to prompt many consumers to take a look.



Sources



<a href="https://www.dwolla.com/">Dwolla</a>

<a href="http://www.fastcompany.com/3001833/how-dwolla-works">Fast Company</a>

<a href="http://moneysmartlife.com/dwolla-review-a-paypal-alternative/">Money Smart Life</a>

This is a good post indeed! Thanks for this post. The Consumer Financial Protection Bureau is not happy to sit tight. The bureau has passed brand new regulations and started waging cases against financial providers that run afoul of consumer protection laws, with charge card companies being the first in the firing line. After winning lawsuits against Discover and Capital One, American Express is the latest to settle with the Consumer Financial Protection Bureau, along with other organizations, and has agreed to refund $85 million to consumers. Source of article: https://personalmoneynetwork.com/.