VO-BB - 20 YEARS OLD!

Bruce · Posted: Tue Feb 04, 2014 9:51 am Post subject: 2 bits, 4 bits, 6 bits, a Dwolla?

Apparently we haven't talked about Dwolla, a service something like PayPal, but they only charge 25 cents per transaction instead of a percentage, and there's no charge for transferring less than $10, a real boon for those
Fiver users. The only drawback I see so far is waiting a few days for your money.

https://www.dwolla.com/about

Users? Thoughts?

B
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I'm not a Zoo, but over the years I've played one on radio/TV. .

Bish · Posted: Tue Feb 04, 2014 10:05 am Post subject:

I hope this gets traction. Paypal has changed from an aggressive little start-up that wanted to break the incumbent payment systems... to part of the system itself... just another parasite that wants 3% of the pie (my pie).

Expect "dwolla hacked" headlines soon as the machine rolls to crush them before they make any significant headway.

Paranoid conspiracy theories. Maybe. Maybe not. I like alternatives in the marketplace... if nothing else it may show Paypal that they're not the only game in town (Google wallet or whatever it is now has become irrelevant).

We need a simple, cost effective conduit for the electronic transfer of funds.
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Bish a.k.a. Bish
Smoke me a kipper... I'll be back for breakfast.
I will not feed the trolls... I will not feed the trolls... I will not feed the trolls... I will not feed the trolls.

Lee Gordon · Posted: Tue Feb 04, 2014 11:18 am Post subject:

JBarrett · Posted: Tue Feb 04, 2014 12:30 pm Post subject:

Very interesting. I hope that Freshbooks hooks up with these folks. That would be all kinds of awesome. Whatever happens, I just hope that we can eventually (soon!) do away with the monstrosity that is the wire transfer. Not long ago I had to get paid by wire transfer for a small animation job that I did for a firm in Australia. The total of the sending and receiving banks' fees for the transaction was 13% of my payment. Barf

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Justin S. Barrett
http://www.justinsbarrett.com/

DougVox · Posted: Tue Feb 04, 2014 12:44 pm Post subject:

Frank F · Posted: Tue Feb 04, 2014 2:15 pm Post subject:

One still does not get a shave and a haircut with any of these... well maybe you get cut a bit. (Ouch)

FF
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Be thankful for the bad things in life. They opened your eyes to the good things you weren't paying attention to before. email: thevoice@usa.com

melissa eX · Posted: Wed Feb 05, 2014 9:46 pm Post subject:

And this is why I love my small commercial bank - NOT a credit union which I dumped a while back because their fees were starting to rival the big banks - but a bank that caters to its customers. Incoming international wire transfers are $10. Much less expensive than paypal if you're making more than $350.