I am trying to build an app that allows users to transfer money between other users and their banks, will this API be able to accomplish this?
Yes. You can use VCR accounts to hold a balance and then allow your users to exchange funds between themselves. This is a facilitate model. https://www.dwolla.com/platform/
Hi @Toshal_Ghimire, To add on to Ben’s reply, a facilitator model for Peer-to-peer (P2P) transactions is something we support which would be inline with the features of Venmo. Your end users would setup personal Verified Customer account which have the ability to hold a balance in the network. Users can then load this balance and send from there or send directly from their bank account to another user. If you have any questions on this specific Customer type and how it applies to your use case, please don’t hesitate to let us know!
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I’m currently trying to implement a P2P transaction model with the end users being able to initiate payments between themselves. I was wondering how Dwolla handles the authentication and authorization of a user who wants to initiate a transfer between two accounts. The request only needs a funding source and destination along with an access token, but that doesn’t necessarily check whether the end user making the request ‘owns’ the funding source they are trying to transfer from.