07 Feb Dwolla – Disrupting the Credit Card Industry
Dwolla–a young e-commerce company established in 2008–has big potential for disrupting the credit card industry. With them, anybody can send money from one person or business to another via secure internet connection…no credit cards required! For only $0.25 per transaction (under $10 is free), Dwolla’s pricing model is surprisingly similar to that of AdvoCharge, which implements a flat fee approach to credit card processing.
Dwolla is working to go outside the standard credit card networks and eliminate the percentage based fee for processing. We like their style and will definitely keep a lookout for these potential disruptors of the credit card status quo.