Continuing the discussion from About the Feature Requests category:
Using cards isn’t a bad thing but it is where a large number of fees come from and that’s how Dwolla provides such a massive discount on pricing in comparison to other networks. Receiving anything under $10 is free and receiving everything over $10 is just 25c a transaction.
Dwolla is able to offer this pricing model because we rebuilt our own network, replacing the old tech, and allowing anyone with an internet connection to gain access to it. Given, they need to be in the US for the time being.
These fees charged by the card companies aren’t just an issue of what companies select to charge but are also embedded because of the technology the networks use.
There’s only so low pricing can go using traditional networks. Which is why we built our own. To fix the fee problem, you must start over from scratch.
If you’re using Dwolla to try to process debit/credit cards you might be trying to fit a square peg in a round hole.
The trick is, you trade us 5 minutes to create an account and we trade you a lifetime of saving money. Every time a customer uses Dwolla with you, you make more money
On the Dwolla network, the internet replaces the card. There is no physical card.
At some point it’s not impossible to imagine a world where a gateway builds a payout functionality to your Dwolla account but adding that to Dwolla’s core network would dramatically change what Dwolla is today.
If you’re looking to get paid electronically and don’t want to pay those fees. That’s what Dwolla is here for.
You have lots of options for charging credit cards and there’s no shortage of people that would love to have your 2-3% on every payment.
We don’t want to charge you those fees. Dwolla wants you to have a better option and save a boatload of your money. That’s what we do and that’s how we can help you and your business.
Said in another way.
I think about adding cards to the network like Tesla changing it’s cars to run on gas because gas stations are on every corner. Sure, it’s hard to start over but it is possible.
If Dwolla was a car company… Think of it like we produce electric cars and making those cars run on gas because gas is everywhere, changes the future for us and what we are here to do.