Dwolla is an ACH payments facilitator and is an e-commerce company that provides an online payment system and mobile payments network. The company was founded in 2008 and has changed its business model and product lineup several times over the years. Originally a P2P bank transfer platform that also catered to businesses, it’s transformed from a PayPal-like service that could be used by both merchants and consumers into a platform that will mostly be a good fit for very large businesses that handle a lot of B2B transactions or need some of the company’s specialized services, such as support for mass payouts.

First, customers change their bank account much less frequently than their debit or credit card, which means that a company won’t have to deal with so many failed transactions due to an error related to this aspect. Second, Dwolla’s business model allows you to send, receive and hold funds in an online wallet, so you have more options than just accepting payments. The company also offers merchants same-day or same-day transfers.

Dwolla could be a good solution for some companies, such as B2B business or billing services. Dwolla’s current customer base uses this platform for gig economy apps, employee rebate apps, marketplaces, plus real estate investments and loans. It’s a flexible platform that allows you to move money in ways that many credit card platforms don’t support. We also like that you can combine Dwolla with card payment options.