SilentBob50023
CAGiversary!
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I've accepted Dwolla payments for awhile now without a hitch, but I see most people here still cling to PayPal. Before their latest announcement, found here, Dwolla offered no transaction fees for any transactions under $10 (which many, many deals on the trade forums would qualify for), and only a quarter ($0.25) for anything over ten bucks.
Now they've completely removed the quarter fee too. From a capital investment standpoint, it simply looks like they're going to monetize in a different way. Not sure how it will shake out for the company long-term, but it is great for us on CAG (and elsewhere).
By using Dwolla for CAG transactions, you don't have to worry about violating PayPal ToS with a Friends/Family transaction, and you don't have to worry about PayPal's obnoxious fees. Who even knows how their fee structure may change once they've separated from eBay completely.
Signing up is easy and free. I think many of us here simply haven't done it because we jumped through PayPal hoops long ago and it's just easy to fall back on it for all our transactions. You don't need an existing Dwolla account for somebody to send money to your email account, but it will require you make one if there is a pending transaction in order to claim your money. I would suggest getting it set up in advance. You can do it here.
To be transparent, I am not an investor in Dwolla (I am just a few million dollars shy of being a venture capitalist
) but I was an early adopter for personal transactions. My brother and I are looking into using them for our business as well.
Mods: I apologize if this is in the wrong section, but this seemed appropriate. Feel free to move at your discretion.
Now they've completely removed the quarter fee too. From a capital investment standpoint, it simply looks like they're going to monetize in a different way. Not sure how it will shake out for the company long-term, but it is great for us on CAG (and elsewhere).
By using Dwolla for CAG transactions, you don't have to worry about violating PayPal ToS with a Friends/Family transaction, and you don't have to worry about PayPal's obnoxious fees. Who even knows how their fee structure may change once they've separated from eBay completely.
Signing up is easy and free. I think many of us here simply haven't done it because we jumped through PayPal hoops long ago and it's just easy to fall back on it for all our transactions. You don't need an existing Dwolla account for somebody to send money to your email account, but it will require you make one if there is a pending transaction in order to claim your money. I would suggest getting it set up in advance. You can do it here.
To be transparent, I am not an investor in Dwolla (I am just a few million dollars shy of being a venture capitalist
) but I was an early adopter for personal transactions. My brother and I are looking into using them for our business as well.Mods: I apologize if this is in the wrong section, but this seemed appropriate. Feel free to move at your discretion.
