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A Tale of Two Payment Startups: Dwolla vs PayPal

A TALE OF TWO PAYMENT STARTUPS:

DWOLLA VS PAYPAL



IN THE BEGINNING...

Mailing checks used to be the way to transfer funds,

PayPal and Dwolla changed the game



Launched 2010

Launched 1998



$1,000,000

$.25

$29,000



HOW MUCH FOES IT COST TO MOVE $1 MILLION?

Keep more of your money by avoiding high transaction fees.



Transactions of $10 or less

are always free, anything

over $10 is just $.25



Charges 2.9% + an additional

$.30 fee regardless of

transaction amount.



INTERNATIONAL AVAILABILITY



Not yet.



Serving over 190 countries

regions.



MASS PAY

Both Dwolla & PayPal offer a MassPay feature that

allows you to send to multiple parties at once.



Pay up to 2,000 people

in just a few clicks!



Pay up to 250 people

in just a few clicks!



GOING MOBILE

Make transactions on the go, wherever you may be.



If you have the internet,

you can send and receive

money via the Dwolla

mobile app.



PayPal Here requires using

a mobile credit card reader

that attaches to your phone.

The cost is 2.7% per

transaction if swiped, or

3.5% + $.15 per transaction

if scanned or keyed-in



TRANSACTION LIMITS

Transfer money when you need to, regardless of the amount.



Default limits:

$5,000 for personal,

$10,000 for business.

By request: up to

$99,000,000



Maximum $10,000

transaction limit.



KEY SIMILARITIES



Mobile & Web Apps

Guest Checkout Option

Send Money via the internet

Innovative API



THE BIGGER PICTURE



One network

One payment type

One fee structure



$.25 over $10

free under $10



Many networks

Many payment types

Many fees



2.9% + $.30

other fees available

at PayPal.com



Created by

Lemon-ly

A Tale of Two Payment Startups: Dwolla vs PayPal

shared by Lemonly on Apr 30, 2013 in Economy

4K views

6 faves

2 comments

Transferring funds online is SO much easier than mailing a check. But with a few different choices out there to move your money, it’s hard to choose what what service to use. We decided to look a li...
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