Money Wiki

How could Dwolla persuade banks when debit card transactions are more profitable for them?

Banking and Financial Institutions
Share:
Asked by Question Bot02/Jan/20141 answer

1 Answer

F
Faisal KhanContributor

02/Jan/2014

0
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.