Dwolla launches Dwolla Credit – Real-time payments without interchange
1–10 of 33 posts
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#2nooice!
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#3Go Dwolla, go!
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#4How are chargebacks handled in this system?
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#5How is this different than PayPal credits or any other credits?
You don't prepay?
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#6How is this different than PayPal credits or any other credits? You don't prepay?
It's more like mastercard, visa, amex, discover line of credit. Not prepaid- a line you can pull from to use.
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#7nice
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#8Slowly takin over ...
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#9>We’re starting with eCommerce and then rolling out to other retailers.
Isn't it illegal to charge the customer before the goods are shipped. Do they handle pre-auth and settlement?
Re: Dwolla launches Dwolla Credit – Real-time payments without interchange
#10The post is light on details, unfortunately.
As far as I can tell, it's more similar to BillMeLater than it is to a credit card. The only other information I could find on Dwolla Credit is a support FAQ[1]. Interestingly, the credit provider is Comenity Capital Bank, which is also behind BillMeLater[2].
I still don't completely understand the difference in models between something like Dwolla Credit (or BillMeLater) and a credit card. Why do credit cards cost the merchant 2+%, while Dwolla Credit only costs 25 cents? It seems like the same risks apply.
[1] http://help.dwolla.com/customer/portal/articles/1330333-cred...