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 yS PAYPAL IN THE B EGINNING... 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 DOES IT COST T O 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 and regions. MASS PAY Both Dwolla & PayPal offer a MassPay feature that allows you to send to multiple parties at once. Pay up to 250 people in just a few clicks! Pay up to 2,000 people in just a few clicks! GOING MOBILE Make transactions on the go, wherever you may be. If you have the Internet, PayPal Here requires using you can send and receive a mobile credit card reader money via the Dwolla mobile app. 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: Maximum $10,000 $5,000 for personal, $10,000 for business. By request: up to $99,000,000 transaction limit. KEY SIMILARITIES • Mobile & Web Apps • Send Money via the Internet • Guest Checkout Option • Innovative API THE BIGGER PICTURE Many networks Many payment types Many fees One network One payment type One fee structure $.25 over $10 2.9% + $.30 free under $10 other fees available at PayPal.com SOURCES http://online.wsj.com/article/SB10001424052970203880704578086791883555854.html https://www.paypal.com/worldwide/ https://www.paypal.com/webapps/mpp/paypal-fees http://blog.dwolla.com/masspay-launces-with-10-new-parters/ https://www.paypal.com/cgi-bin/webscr?cmd3_batch-payment-overview-outside https://www.paypal.com/webapps/mpp/credit-card-reader http://techcrunch.com/2012/06/15/dwolla-fisyncs-first- banking-customer-goes-live-eliminates-ach-delays-with-real-time-bank-transfers/ https://www.dwolla.com/limits https://www.paypal.com/helpcenter/main.jsp;jsessionid=xwvvLhvSgbXLQvnQ8FRxRhTWWwMQ8ILLhLTV X9120rQTdT5ChyHp!78253683?t=solutionTab&ft=homeTab&ps=&solutionId=11637&locale=en_US&_dynchar set=UTF-8&countrycode=IE&cmd=_help&serverīnstance=9020 http://developers.dwolla.com/ Created by lemon ly IMI
A Tale of Two Payment Startups: Dwolla vs PayPal
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