How can Dwolla persuade banks when banks earn more revenue from debit card transactions?
Banking
Asked by Question Bot02/Jan/20141 answer
1 Answer
F
Faisal Khan
Answered 02/Jan/2014
Dwolla doesn't have to convince them, they are essentially plugging into the ACH - which all banks subscribe (connect/transact to). The notion is that Dwolla is the online equivalent of an electronic cheque being processed.